NOT LISTED FOR SALE

3107 Slate Gap Way Sevierville, TN 37862

Estimated Value: $507,985

2 Beds
2 Baths
1,024 Sq Ft
$496/Sq Ft Est. Value

Last Sold August 15, 2022

Last sale price $530,000 $518 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $2,795/month

62 Days on Market

Highlights

  • Deck
  • Wooded Lot
  • Log Cabin
  • Gatlinburg Pittman High School Rated A-
  • 2 Fireplaces
  • Cooling Available

About This Home

As of August 2022

Ideal investment property or your own private getaway in the Smokies! Potential $60k+ annual gross revenue based on current bookings & projections. Beautifully renovated 2BR/2BA cabin with a rustic feel. You won't find privacy AND convenience like this in another cabin. Fully furnished turn-key rental just off Wears Valley Rd and only 4 miles from the main stretch in Pigeon Forge. This cabin sits on a level wooded lot by itself with its own private road. New flooring, updated bathrooms with walk-in showers, new appliances, stackable washer/dryer, covered deck hot tub, pool table and a new metal roof perfect for those rainy days. Book yours today for your opportunity to own your piece of the Great Smoky Mountains!

Last Buyer's Agent

Anya Dykes

eXp Realty License #350609

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $642

Year Built

  • Built in 1994

Lot Details

  • 0.78 Acre Lot
  • Wooded Lot

Home Design

  • Log Cabin
  • Frame Construction
  • Log Siding

Interior Spaces

  • 1,024 Sq Ft Home
  • Property has 1 Level
  • 2 Fireplaces
  • Laminate Flooring
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Cooling Available
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 093 10504 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$642

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Log
  • Year Built: 1994
  • Unit Levels: One
  • Year Built Details: EXIST
  • Attribution Contact: 8654140564
  • Special Features: None

Interior Features

  • Appliances: Dryer, Microwave, Range, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: 2
  • Flooring: Laminate
  • Total Bedrooms: 2
  • Full Bathrooms: 2
  • Has Basement: Crawl Space
  • Above Grade Finished Sq Ft: 1024
  • Building Area Units: Square Feet
  • Living Area: 1024
  • Living Area Units: Square Feet

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Utilities: Electricity Available

Condo/Co-op/Association

  • Senior Community: No

Lot Info

  • Lot Features: Private, Wooded
  • Lot Size Acres: 0.78
  • Lot Size: 183.68 X 259.57 IRR
  • Lot Size Units: Acres
  • Parcel #: 093 10504 000
  • Property Attached Yn: No

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 642

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2022
Closed on
Aug 12, 2022
Sold by
Michael Maghan John
Bought by
Kumar Abhishek and Kumar Rita
Buyer's Agent
Anya Dykes
eXp Realty
List Price
$549,900
Sold Price
$530,000
Premium/Discount to List
-$19,900
-3.62%
Current Estimated Value
$507,985

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$22,015
Original Mortgage
$477,000
Outstanding Balance
$455,264
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2014
Closed on
Oct 15, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Maughan John Michael
Seller's Agent
Joyce Smith
Colonial Real Estate, Inc.
Buyer's Agent
SANDY FAULCONER
ReMax Preferred Properties, In
List Price
$134,900
Sold Price
$104,000
Premium/Discount to List
-$30,900
-22.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.22%
Original Mortgage
$83,200
Interest Rate
4.26%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2014
Sold by
Chestnutt Danny R
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Apr 24, 2006
Sold by
Beers William D
Bought by
Chestnutt Danny R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,750
Interest Rate
6.2%
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
Kumar Abhishek $530,000 Maryville Title & Escrow
Maughan John Michael $104,000 --
Federal Home Loan Mortgage Corporation $84,694 --
Chestnutt Danny R $141,000 --
Beers William D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kumar Abhishek $477,000
Previous Owner Maughan John Michael $83,200
Previous Owner Beers William D $105,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/15/2022 08/15/22 Sold $530,000 -3.6% $518 / Sq Ft
07/14/2022 07/14/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $549,900 +428.8% $537 / Sq Ft
01/26/2018 01/26/18 Off Market $104,000 -- --
10/28/2014 10/28/14 Sold $104,000 -22.9% $102 / Sq Ft View Prior Sale
10/06/2014 10/06/14 Pending -- -- --
06/11/2014 06/11/14 For Sale $134,900 -- $132 / 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 $1,228 $82,960 $24,560 $58,400
2024 $1,228 $82,960 $24,560 $58,400
2023 $1,228 $82,960 $0 $0
2022 $767 $51,850 $15,350 $36,500
2021 $767 $51,850 $15,350 $36,500
2020 $642 $51,850 $15,350 $36,500
2019 $642 $34,500 $15,350 $19,150
2018 $642 $34,500 $15,350 $19,150
2017 $642 $34,500 $15,350 $19,150
2016 $642 $34,500 $15,350 $19,150
2015 -- $35,200 $0 $0
2014 $574 $35,196 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2952328

Realtracs

APN: 093-105.04