NOT LISTED FOR SALE

2974 Mountain Memories Way Sevierville, TN 37876

Estimated Value: $1,107,810

3 Beds
5 Baths
2,436 Sq Ft
$455/Sq Ft Est. Value

Last Sold August 10, 2022

Last sale price $1,175,000 $482 Per Sq Ft

Est. 6% decrease in value since last sale

Current estimated payment $6,166/month

5 Days on Market

Highlights

  • Pool and Spa
  • 1.79 Acre Lot
  • Deck
  • Gatlinburg Pittman High School Rated A-
  • Mountain View
  • Cathedral Ceiling

About This Home

As of August 2022

Gorgeous cabin in premier location grossing $150,0000 on overnight rental! This two-story cabin with cathedral ceilings and huge windows is flooded with natural light. The open concept floor plan shows off the tongue and groove ceilings; exposed wood beams; stacked stone fireplace; and the custom finishes throughout! Features updated modern furnishings and decor and tons of space, including 4 rooms appointed as sleeping areas and a game room! The outdoor space is also divine. There are 2 levels of wrap-around porches appointed with ample outdoor seating and a hot tub! The private,1.79-acre lot includes nature trails to explore! Located minutes from Gatlinburg, all of the action in Pigeon Forge and entrances to the Great Smoky Mountains National Park. The cabin is being sold fully furnished and turn-key!

Last Agent to Sell the Property

Lesley Adams

Mountain Realty Group Listed on: 06/05/2022

Last Buyer's Agent

Allen Perry

Compass RE License #303659

Compass RE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,325

Year Built

  • Built in 2005

Lot Details

  • 1.79 Acre Lot
  • Property fronts a county road
  • Property is zoned A-1

HOA Fees

  • $42 Monthly HOA Fees

Property Views

  • Mountain
  • Seasonal

Home Design

  • Cabin
  • Metal Roof
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Bonus Room
  • Basement

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Pool and Spa
  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank
  • Septic Permit Issued

Community Details

  • Kenknight Property HOA

Listing and Financial Details

  • Tax Lot 5

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,325

Year Built

Built in 2005

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2005
  • Zoning: A-1
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoPoolFeatures: Hot Tub
  • Road Frontage Type: County Road
  • Reso View: Mountain(s), Seasonal
  • Subdivision Name: Other
  • Above Grade Finished Sq Ft: 1284.0
  • Architectural Style: Cabin
  • Fireplace: Yes
  • Unit Levels: Two
  • Location Tax and Legal Tax Lot2: 5
  • Location Tax and Legal:Tax Annual Amount: 1324.79
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Lot Size Acres: 1.79
  • General Property Information Above Grade Finished Area: 1284.0
  • General Property Information Below Grade Finished Area: 1152.0
  • General Property Information Bonus Room YN2: Yes
  • General Property Information:Furnished: Furnished
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • General Property Information View YN2: Yes
  • Appliances Dryer: 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
  • Land Features View Mountains: Yes
  • View Seasonal: Yes
  • Levels:Two: Yes
  • Road Frontage Type County Road: Yes
  • Sewer Septic Permit On File: Yes
  • Water Source:Well: Yes
  • Pool Features Hot Tub: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement
  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s)
  • Street Number Modifier: 2974
  • Full Bathrooms: 5
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1152.0
  • Fireplace Features: Gas Log
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Basement:Basement2: Yes
  • Fireplace Features:Gas Log: Yes

Exterior Features

  • Roof: Metal
  • Acres: 1.79
  • View: Yes
  • Home Warranty: No
  • Construction Type: Log Siding
  • Patio And Porch Features: Covered, Deck
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Deck2: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Construction Materials:Log Siding: Yes

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank, Septic Permit On File
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association Fee: 500.0
  • Association Fee Frequency: Annually
  • Association Name: Kenknight Property HOA
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 77972.4
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1324.79
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2022
Closed on
Aug 8, 2022
Sold by
Samuel Kim
Bought by
Scruggs Jaime
Seller's Agent
Lesley Adams
Mountain Realty Group
Buyer's Agent
Allen Perry
Compass RE
Sold Price
$1,175,000
Current Estimated Value
$1,107,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$67,190
Avg. Annual Appreciation
-1.84%
Original Mortgage
$881,250
Outstanding Balance
$843,775
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$264,035

Purchase Details

Listed on
Jun 24, 2021
Closed on
Aug 10, 2021
Sold by
Randles Christine and Bishop Whitney Howard
Bought by
Kim Samuel and Brown Michael V
Seller's Agent
Marcee Merritt
Century 21 MVP
Buyer's Agent
Spencer Trentham
eXp Realty, LLC 7720
Sold Price
$791,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
48.55%
Original Mortgage
$548,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 10, 2014
Closed on
Apr 17, 2015
Sold by
Kasprzak Kris C
Bought by
Randles Christine and Howard Whitney
Seller's Agent
Phillip Derosia
Robert Slack LLC
Buyer's Agent
Phillip Derosia
Robert Slack LLC
Sold Price
$325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.11%
Original Mortgage
$243,750
Interest Rate
3.87%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 14, 2011
Closed on
Mar 15, 2012
Sold by
Cusson David M
Bought by
Kasprzak Kris C and Kasprzak Anna K
Seller's Agent
Walter Williams
Walter B Williams Realty Group
Buyer's Agent
Non Member Non Member
Non-Member Office
Sold Price
$250,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.86%
Original Mortgage
$150,000
Interest Rate
3.89%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 2006
Sold by
Kenknight Robert C
Bought by
Cusson David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,150
Interest Rate
6.39%
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
Scruggs Jaime $1,175,000 New Title Company Name
Kim Samuel $791,000 Title Co Gatlinburg
Randles Christine $325,000 --
Kasprzak Kris C $250,000 --
Cusson David M $490,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scruggs Jaime $881,250
Previous Owner Kim Samuel $548,250
Previous Owner Randles Christine $243,750
Previous Owner Kasprzak Kris C $150,000
Previous Owner Cusson David M $98,150
Previous Owner Cusson David M $392,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/09/2022 11/09/22 Off Market $1,175,000 -- --
08/10/2022 08/10/22 Sold $1,175,000 +48.5% $482 / Sq Ft
11/09/2021 11/09/21 Off Market $791,000 -- --
08/10/2021 08/10/21 Sold $791,000 +143.4% $325 / Sq Ft View Prior Sale
06/28/2021 06/28/21 Pending -- -- --
04/17/2015 04/17/15 Sold $325,000 +30.0% $133 / Sq Ft View Prior Sale
03/15/2012 03/15/12 Sold $250,000 0.0% $103 / Sq Ft View Prior Sale
03/15/2012 03/15/12 Sold $250,000 -61.5% $103 / Sq Ft View Prior Sale
11/08/2011 11/08/11 Pending -- -- --
07/06/2009 07/06/09 For Sale $649,000 -- $266 / 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
2025 $2,995 $202,360 $12,920 $189,440
2024 $2,995 $202,360 $12,920 $189,440
2023 $2,995 $202,360 $0 $0
2022 $1,872 $126,475 $8,075 $118,400
2021 $1,872 $126,475 $8,075 $118,400
2020 $1,325 $126,475 $8,075 $118,400
2019 $1,325 $71,225 $7,975 $63,250
2018 $1,325 $71,225 $7,975 $63,250
2017 $1,325 $71,225 $7,975 $63,250
2016 $1,325 $71,225 $7,975 $63,250
2015 -- $76,725 $0 $0
2014 $1,251 $76,745 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 249971

Great Smoky Mountains Association of REALTORS®

APN: 085E-B-005.00