NOT LISTED FOR SALE

2820 Piney Cove Way Sevierville, TN 37862

Estimated Value: $1,566,121

4 Beds
4.5 Baths
2,935 Sq Ft
$534/Sq Ft Est. Value

Last Sold September 03, 2021

Last sale price $1,500,000 $511 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $8,673/month

3 Days on Market

Highlights

  • 1.74 Acre Lot
  • Deck
  • 3 Fireplaces
  • Gatlinburg Pittman High School Rated A-
  • Wooded Lot
  • No HOA

About This Home

As of September 2021

Brand New, luxury cabin on more than an acre lot in beautiful Cedar Falls. Located just minutes to all the attractions of downtown Gatlinburg, Pigeon Forge and Wears Valley, but with privacy and room to wander. This NEVER USED cabin has been lovingly decorated by the owner with upscale décor, furniture and appliances. Tis cabin is not your ordinary cabin, with modern color and finishes – it could be your next rental, with a projected Gross rental annual income of over $180K, or use it as your second or primary home. Immediate return without the maintenance of an older cabin. With 2 King suites on the main level, and 2 upstairs with fireplaces, there is room for everyone. The kids will love the fun Bunk beds in the open loft. When you are not enjoying the wondrous Great Smoky Mountain spend time in the large indoor, private swimming pool on the main level, watching a movie the dedicated theatre room with seating for all, or play a game of air hockey. Outside enjoy a large stone fireplace on the deck, relax in the hot tub! This cabin offers everything and more that you are looking for in a unique, spacious mountain cabin. This cabin is truly TURN KEY. Enjoy all of this with low county taxes, and just minutes to great hiking, shopping, restaurants and other attractions. This cabin is not tied in to any rental program yet.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $232

Year Built

  • Built in 2021

Lot Details

  • 1.74 Acre Lot
  • Wooded Lot

Home Design

  • Log Cabin
  • Log Siding

Interior Spaces

  • 2,935 Sq Ft Home
  • Property has 2 Levels
  • Ceiling Fan
  • 3 Fireplaces
  • Electric Fireplace
  • Crawl Space

Kitchen

  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cooling Available
  • Central Heating

Community Details

  • No Home Owners Association
  • Cedar Falls Phase 2 Resub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 103F A 04800 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$232

Year Built

Built in 2021

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Log
  • Year Built: 2021
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built Details: NEW
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 8656079565
  • Special Features: NewHome
  • Stories: 2

Interior Features

  • Interior Amenities: Ceiling Fan(s), Primary Bedroom Main Floor, Kitchen Island
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Fireplaces: 3
  • Flooring: Wood
  • Total Bedrooms: 4
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 2935
  • Building Area Units: Square Feet
  • Living Area: 2935
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Log
  • Patio And Porch Features: Patio, Deck
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Lot Features: Private, Wooded
  • Lot Size Acres: 1.74
  • Lot Size: 257.31 X 302.11 IRR
  • Lot Size Units: Acres
  • Parcel #: 103F A 04800 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 232

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2024
Sold by
Tugbiyele Folusho and Tugbiyele Omolara
Bought by
Cedarwood Pines Llc
Current Estimated Value
$1,566,121

Purchase Details

Listed on
Jul 15, 2021
Closed on
Aug 27, 2021
Sold by
Eric Waddell Jason and Eric Delania
Bought by
Tugbiyele Folusho and Tugbiyele Omolara
List Price
$1,499,999
Sold Price
$1,500,000
Premium/Discount to List
$1
0.0%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.06%
Original Mortgage
$1,349,850
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 29, 2021
Sold by
Cole Kenneth M and Johnson William Michael
Bought by
Waddell Jason Eric and Waddell Delania

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,349,850
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2020
Sold by
Allen Alice S
Bought by
Cole Kenneth M and Johnson William Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$472,500
Interest Rate
3.2%
Mortgage Type
Construction

Purchase Details

Closed on
Jun 7, 2006
Sold by
Cedar Falls Llc
Bought by
Allen Phillip W

Purchase Details

Closed on
Jul 22, 2005
Bought by
Allen Phillip W and Allen Alice S
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cedarwood Pines Llc -- None Listed On Document
Tugbiyele Folusho $1,500,000 Smoky Mountain Title
Waddell Jason Eric $695,000 Tennessee Land Title
Cole Kenneth M $55,000 Tennessee Land Title
Allen Phillip W $16,800 --
Allen Phillip W $16,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tugbiyele Folusho $1,349,850
Previous Owner Waddell Jason Eric $556,000
Previous Owner Cole Kenneth M $472,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/03/2021 09/03/21 Sold $1,500,000 0.0% $511 / Sq Ft
07/18/2021 07/18/21 Pending -- -- --
07/15/2021 07/15/21 For Sale $1,499,999 -- $511 / Sq Ft
Source: Realtracs

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,731 $319,680 $22,400 $297,280
2024 $4,731 $319,680 $22,400 $297,280
2023 $4,731 $319,680 $0 $0
2022 $2,957 $199,800 $14,000 $185,800
2021 $1,752 $199,800 $14,000 $185,800
2020 $233 $14,000 $14,000 $0
2019 $233 $12,500 $12,500 $0
2018 $233 $12,500 $12,500 $0
2017 $233 $12,500 $12,500 $0
2016 $233 $12,500 $12,500 $0
2015 -- $18,750 $0 $0
2014 $306 $18,750 $0 $0
Source: Public Records

Map

Source: Realtracs

MLS Number: 2842047

Realtracs

APN: 103F-A-048.00