NOT LISTED FOR SALE

2856 Owens Ridge Way Pigeon Forge, TN 37876

Estimated Value: $1,842,263 - $1,965,000

8 Beds
8.5 Baths
5,792 Sq Ft
$326/Sq Ft Est. Value

Last Sold March 15, 2024

Last sale price $1,900,000 $328 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $11,209/month

7 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Cabin
  • Gatlinburg Pittman High School Rated A-
  • Central Heating and Cooling System
  • Electric Fireplace

About This Home

As of March 2024

Rental history for 2023 was $310,000. Welcome to the ultimate pool cabin, featuring an incredible rooftop entertainment gazebo over the detached enclosed pool! Already established on a self-managed rental program, this monster is ready to rock with a solid rental history. This log style cabin is nestled in a prime location and features 8 large bedrooms that each have their own private bathroom, no steep roads to navigate, plenty of parking, several entertainment systems, and a fully stocked kitchen. Inside you will be greeted by spacious living areas with large windows that flood the space with natural light. Outside you will find large decks great for entertaining or relaxing and taking in the fresh mountain air. Cabin is equipped with 13D Sprinkler System.

Last Listed By

Gennifer Mix

eXp Realty, LLC 7720 License #325042 Listed on: 01/04/2024

eXp Realty, LLC 7720

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,400

Year Built

  • Built in 2022

Lot Details

  • Property fronts a county road

HOA Fees

  • $200 Monthly HOA Fees

Home Design

  • Cabin
  • Frame Construction
  • Metal Roof
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Electric Fireplace
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 8 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Private Water Source
  • Shared Septic

Community Details

  • Association fees include roads
  • For By Grace Resort 1 Association
  • For By Grace Resort Subdivision

Listing and Financial Details

  • Tax Lot 1R

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,400

Year Built

Built in 2022

Lot Details

0

HOA Fees

$200 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2022
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoPoolFeatures: In Ground
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: Other
  • Reso Association Fee Includes: Roads
  • Co List Office Mls Id: 701
  • Subdivision Name: For By Grace Resort
  • Above Grade Finished Sq Ft: 3392.0
  • Architectural Style: Cabin
  • Fireplace: Yes
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Tax Lot2: 1R
  • Location Tax and Legal:Tax Annual Amount: 4400.0
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Above Grade Finished Area: 3392.0
  • General Property Information Below Grade Finished Area: 2400.0
  • General Property Information:Bathrooms Half: 1
  • General Property Information Bonus Room YN2: No
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin2: Yes
  • Cooling:Central Air: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Security Features:Smoke Detector(s): Yes
  • Levels:Two: Yes
  • Sewer Shared Septic: Yes
  • Road Frontage Type County Road: Yes
  • Water Source Private6: Yes
  • Pool Features In Ground: Yes
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space, None
  • Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Range, Microwave, Refrigerator, Washer
  • Street Number Modifier: 2856
  • Full Bathrooms: 8
  • Half Bathrooms: 1
  • Total Bedrooms: 8
  • Below Grade Sq Ft: 2400.0
  • Fireplace Features: Electric
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes
  • Basement:None3: Yes
  • Fireplace Features:Electric2: Yes
  • Appliances:Electric Cooktop: Yes

Exterior Features

  • Roof: Metal
  • Home Warranty: No
  • Construction Type: Frame, Log Siding
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Construction Materials:Log Siding: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Electric, Heat Pump
  • Sewer: Shared Septic
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Private
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes

Condo/Co-op/Association

  • Association Fee: 200.0
  • Association Fee Frequency: Monthly
  • Association Name: For By Grace Resort 1
  • Association: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 4400.0
  • Tax Lot: 1R

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Mar 15, 2024
Sold by
Blind Approach Llc
Bought by
Jkn Capital Llc
Seller's Agent
Gennifer Mix
eXp Realty, LLC 7720
Buyer's Agent
Julie McCoy
eXp Realty, LLC 7720
List Price
$2,100,000
Sold Price
$1,900,000
Premium/Discount to List
-$200,000
-9.52%
Total Days on Market
7
Views
64
Current Estimated Value
$1,886,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,246
Avg. Annual Appreciation
-0.60%
Original Mortgage
$1,520,000
Outstanding Balance
$1,502,468
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$384,286

Range of Values:

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Average Value
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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
Jkn Capital Llc $1,900,000 Maryville Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jkn Capital Llc $1,520,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $1,900,000 -5.0% $328 / Sq Ft
01/12/2024 01/12/24 Pending -- -- --
01/09/2024 01/09/24 Price Changed $2,000,000 -4.8% $345 / Sq Ft
01/04/2024 01/04/24 For Sale $2,100,000 -- $363 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

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
2024 $6,584 $444,840 $14,400 $430,440
2023 $6,584 $444,840 $0 $0
2022 $1,826 $9,000 $9,000 $0
2021 $133 $9,000 $9,000 $0
2020 $37 $9,000 $9,000 $0
2019 $37 $2,000 $2,000 $0
2018 $37 $2,000 $2,000 $0
2017 $37 $2,000 $2,000 $0
2016 $37 $2,000 $2,000 $0
2015 -- $2,000 $0 $0
2014 -- $2,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 267799

Great Smoky Mountains Association of REALTORS®

APN: 086-028.00-001