NOT LISTED FOR SALE

2834 Florence Dr Pigeon Forge, TN 37863

Estimated Value: $1,217,022

6 Beds
5 Baths
3,080 Sq Ft
$395/Sq Ft Est. Value

Last Sold June 01, 2021

Last sale price $995,000 $323 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,614/month

75 Days on Market

Highlights

  • RV Access or Parking
  • 0.31 Acre Lot
  • Deck
  • Gatlinburg Pittman High School Rated A-
  • Mountain View
  • Private Lot

About This Home

As of June 2021

Unique one of a kind property in the heart of downtown Pigeon Forge. Zoned as commercial C2, this presents an excellent investment opportunity in the current market. Projected annual rental revenue of $120,000-$130,000. There simply is no other cabin located in the heart of Pigeon Forge within walking distance to The Island and surrounding attractions of the Parkway, let alone one that offers these amenities - Amazing new outdoor area with a new swim spa, outdoor fireplace on a large deck, theater room, hot tub and game room. All of this with no winding or steep roads, an abundance of level parking, and 2 Master Bedroom Suites on the main level. Projected Cap Rate of 8 to 8.7% from credible, high producing cabin property management company.

Last Agent to Sell the Property

Karen De Amorim

United Real Estate Solutions License #340867 Listed on: 01/16/2021

United Real Estate Solutions

Last Buyer's Agent

Penny Cowell

Prime Mountain Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $200

Year Built

  • Built in 1965

Lot Details

  • 0.31 Acre Lot
  • Cul-De-Sac
  • Private Lot

Home Design

  • Cabin
  • Log Siding
  • Rough-In Plumbing

Interior Spaces

  • 3,080 Sq Ft Home
  • Self Contained Fireplace Unit Or Insert
  • Stone Fireplace
  • Gas Fireplace
  • Screened Porch
  • Mountain Views
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Storm Doors
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Off-Street Parking
  • RV Access or Parking

Outdoor Features

  • Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System

Community Details

  • Lafollette Addn No 1 Rev Subdivision

Listing and Financial Details

  • Assessor Parcel Number 083O D 033.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$200

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Directions: From the parkway in pigeon forge turn onto Sharon drive next to the jungle boat ride, turn left onto florence dr. house is 1/4 mile on the right.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1965
  • Lot Size Acres: 0.31
  • Subdivision Name: Lafollette Addn No 1 Rev
  • Architectural Style: Cabin
  • Property Attached Yn: No
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Grill, Smoke Detector, Refrigerator, Microwave, Washer
  • Has Basement: Finished, Plumbed, Walkout
  • Fireplace: Yes
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Fireplace Features: Gas, Stone, Insert
  • Fireplaces: 1
  • Flooring: Carpet, Tile

Exterior Features

  • Exterior Features: Porch - Covered, Porch - Screened, Deck, Doors - Storm
  • View: Mountain View
  • Lot Features: Cul-De-Sac, Private
  • Construction Type: Log

Garage/Parking

  • Attached Garage: No
  • Parking Features: RV Parking, Main Level, Off-Street Parking

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes

Lot Info

  • Lot Size Sq Ft: 13503.6
  • Parcel #: 083O D 033.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 199.6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 14, 2024
Sold by
7Il Properties Llc
Bought by
7Il Properties Of Kentucky Llc
Current Estimated Value
$1,217,022

Purchase Details

Listed on
Jan 16, 2021
Closed on
Jun 1, 2021
Sold by
Gillespie Ryan E
Bought by
71L Properties Llc
Seller's Agent
Karen De Amorim
United Real Estate Solutions
Buyer's Agent
Penny Cowell
Prime Mountain Properties
Sold Price
$995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.82%

Purchase Details

Listed on
Jan 16, 2021
Closed on
May 26, 2021
Sold by
Ackerman J L and The Florence Drive Trust
Bought by
Gillespie Ryan E
Seller's Agent
Karen De Amorim
United Real Estate Solutions
Buyer's Agent
Penny Cowell
Prime Mountain Properties
Sold Price
$995,000

Purchase Details

Listed on
Jul 3, 2018
Closed on
Oct 19, 2018
Sold by
Gillespie Ryan E and Gillespie Laurie M
Bought by
Ackerman J L and The Florence Drive Trust
Seller's Agent
Danny Mortland
EXIT Tennessee Realty Pros
Buyer's Agent
Danny Mortland
EXIT Tennessee Realty Pros
List Price
$549,900
Sold Price
$473,000
Premium/Discount to List
-$76,900
-13.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.82%
Original Mortgage
$356,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 26, 2009
Sold by
Regions Bank
Bought by
Toler Arnold

Purchase Details

Closed on
Dec 3, 2008
Sold by
Shapiro Kirsch Llp
Bought by
Regions Bank

Purchase Details

Closed on
Sep 12, 2006
Sold by
W & W Llc
Bought by
Connor Farmer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,240
Interest Rate
8.38%

Purchase Details

Closed on
Aug 4, 2006
Sold by
Villas Llc
Bought by
Conner Farmer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$370,240
Interest Rate
8.38%

Purchase Details

Closed on
Jul 29, 2005
Sold by
Don Hall
Bought by
W & W Llc

Purchase Details

Closed on
Jun 25, 1999
Sold by
Gracie Sauers
Bought by
Don Hall

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7.23%

Purchase Details

Closed on
Aug 31, 1995
Sold by
Gracie Sauers
Bought by
Don Hall
Source: Public Records

Range of Values:

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Average Value
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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
7Il Properties Of Kentucky Llc -- None Listed On Document
71L Properties Llc $995,000 Professional Title
Gillespie Ryan E -- Professional Title
Ackerman J L -- Hometown Title Llc
Gillespie Laurie M $475,000 Hometown Title Llc
Toler Arnold $270,000 --
Regions Bank $315,000 --
Connor Farmer $462,800 --
Conner Farmer $649,500 --
W & W Llc -- --
Don Hall $300,000 --
Don Hall $1,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gillespie Laurie M $356,250
Previous Owner Don Hall $370,240
Previous Owner Don Hall $490,500
Previous Owner Don Hall $285,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2021 06/01/21 Sold $995,000 0.0% $323 / Sq Ft
06/01/2021 06/01/21 Sold $995,000 +10.6% $323 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
01/15/2021 01/15/21 For Sale $899,900 +90.3% $292 / Sq Ft
01/17/2020 01/17/20 Off Market $473,000 -- --
10/19/2018 10/19/18 Sold $473,000 -14.0% $157 / Sq Ft
09/21/2018 09/21/18 Pending -- -- --
07/03/2018 07/03/18 For Sale $549,900 -- $183 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $406 $196,360 $88,120 $108,240
2024 $406 $122,725 $55,075 $67,650
2023 $406 $122,725 $0 $0
2022 $2,019 $122,725 $55,075 $67,650
2021 $2,019 $122,725 $55,075 $67,650
2020 $2,056 $122,725 $55,075 $67,650
2019 $1,935 $99,800 $55,075 $44,725
2018 $1,935 $93,925 $55,075 $38,850
2017 $1,935 $93,925 $55,075 $38,850
2016 $1,935 $93,925 $55,075 $38,850
2015 -- $92,000 $0 $0
2014 $1,683 $91,978 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Karen De Amorim

    United Real Estate Solutions

    Section Image

  • P

    Buyer's Agent in 2021

    Penny Cowell

    Prime Mountain Properties

  • D

    Seller's Agent in 2018

    Danny Mortland

    EXIT Tennessee Realty Pros

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1140178

East Tennessee REALTORS® MLS

APN: 083O-D-033.00

Tennessee Sevier County Pigeon Forge 37863

2834 Florence Dr, Pigeon Forge, TN

This home is located at 2834 Florence Dr, Pigeon Forge, TN 37863 since 16 January 2021 and is currently estimated at $1,217,022, approximately $395 per square foot. This property was built in 1965. 2834 Florence Dr is a home located in Sevier County with nearby schools including Catons Chapel Elementary School, Northview Elementary School, and Jones Cove Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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