$125,000
SOLD APR 3, 2023

3217 Emerald Springs Loop Sevierville, TN 37862

0.72 Acre
$173,611 Price per Acre
31,363 Sq Ft Lot

Recently Sold

$53 Per Sq Ft

30% Below List Price

147 Days on Market

Highlights

  • Mountain View
  • Clubhouse
  • Community Pool
  • Gatlinburg Pittman High School Rated A-
  • Wooded Lot
  • Tennis Courts

About This Lot

As of April 2023

Prior to the wildfire in March of 2022, this lot held a beautiful 3 bedroom cabin (shown in photos) that regularly produced $150k of income. The highly-rated mountain views were certainly a huge part of the cabin's exceptional rental income year after year. Located in the highly desirable community of Shagbark, a 24/7 guard-gated resort that caters to short-term rentals, guests are provided with a map to the cabin upon arrival. Shagbark features a seasonal pool, tennis and basketball courts, a park with fitness trails, dog park, community center, playground, frisbee golf, picnic tables, and a pavilion. Shagbark is located 8 miles from Pigeon Forge and 15 miles from Gatlinburg. Make this lot home for another top performing short-term rental cabin that will be a solid investment for years to come. ***This lot is to be sold "As-Is" and buyer will need to do their own due-diligence on existing septic system, well, foundation, etc.

Last Agent to Sell the Property

Dillon Cate

eXp Realty, LLC 7720 Listed on: 09/28/2022

eXp Realty, LLC 7720

Last Buyer's Agent

Dillon Cate

eXp Realty, LLC 7720 Listed on: 09/28/2022

eXp Realty, LLC 7720

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $387

Lot Details

  • 0.72 Acre Lot
  • Wooded Lot

HOA Fees

  • $71 Monthly HOA Fees

Property Views

  • Mountain Views

Utilities

  • Shared Well
  • Septic Permit Issued
  • Sewer Not Available

Listing and Financial Details

  • Tax Lot 0008

Community Details

Overview

  • Association fees include insurance, roads, security
  • Shagbark Resort Association
  • Shagbark Subdivision

Recreation

  • Tennis Courts
  • Community Pool

Additional Features

  • Clubhouse
  • Security

Property Details

Property Type

Land

Est. Annual Taxes

$387

Lot Details

0

HOA Fees

$71 per month

Listing Details

  • Property Type: Land
  • Zoning: R-1
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Wooded
  • Road Surface Type: Paved
  • Reso View: Mountain(s)
  • Reso Association Amenities: Clubhouse, Pool, Tennis Court(s), Other
  • Reso Association Fee Includes: Insurance, Roads, Security
  • Co List Office Mls Id: 701
  • Subdivision Name: Shagbark
  • Location Tax and Legal Tax Lot2: 0008
  • Location Tax and Legal:Tax Annual Amount: 387.02
  • Location Tax and Legal Tax Year2: 2021
  • General Property Information Lot Size Acres: 0.72
  • General Property Information View YN2: Yes
  • Association Amenities Pool2: Yes
  • Land Features View Mountains: Yes
  • Sewer Septic Permit On File: Yes
  • Association Amenities Tennis Court(s)4: Yes
  • Sewer None23: Yes
  • Septic ApprovedPermit:_three_ Bed: Yes
  • Water Source Shared Well: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 3217
  • Possible Use: Residential, Single Family

Exterior Features

  • Acres: 0.72
  • View: Yes
  • Lot Features:Wooded: Yes

Utilities

  • Sewer: Septic Permit On File, None
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association Fee: 850.0
  • Association Fee Frequency: Annually
  • Association Name: Shagbark Resort
  • Association: Yes

Association/Amenities

  • Association Amenities:Clubhouse2: Yes
  • Association Fee Includes:Insurance: Yes
  • Association Fee Includes:Security2: Yes

Lot Info

  • Lot Size Sq Ft: 31363.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 387.02
  • Tax Lot: 0008

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2022
Closed on
Apr 3, 2023
Sold by
Michael J Maxey Revocable Trust
Bought by
Steel Mountain 1 Llc
Seller's Agent
Dillon Cate
eXp Realty, LLC 7720
Buyer's Agent
Dillon Cate
eXp Realty, LLC 7720
List Price
$179,000
Sold Price
$125,000
Premium/Discount to List
-$54,000
-30.17%
Views
71
Current Estimated Value
$870,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$745,765
Avg. Annual Appreciation
130.04%

Purchase Details

Listed on
Jul 29, 2019
Closed on
Oct 11, 2019
Sold by
Kahlon Gurjeet S and Revocable Living Trust Agmt Of
Bought by
Maxey Michael J and Michael J Maxey Revocable Trus
Seller's Agent
Avery Carl
eXp Realty, LLC 7720
Buyer's Agent
Avery Carl
eXp Realty, LLC 7720
List Price
$399,000
Sold Price
$377,000
Premium/Discount to List
-$22,000
-5.51%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-27.18%

Purchase Details

Listed on
Apr 2, 2018
Closed on
Apr 27, 2018
Sold by
Howard Brent and Howard Kathleen A
Bought by
Kahlon Gurjeet and Gurjeet Kahlon Trust
Seller's Agent
Ann Richards
Realty Executives Associates
Buyer's Agent
NON-MLS NON-MEMBER
NON MEMBER FIRM
List Price
$325,000
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
10.70%

Purchase Details

Closed on
Aug 27, 2010
Sold by
Lipsey Joe W
Bought by
Howard Brent

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,000
Interest Rate
4.6%

Purchase Details

Closed on
Dec 9, 2005
Bought by
Summit Cabin Construction Llc

Purchase Details

Closed on
Jan 8, 2001
Sold by
William Mccutcheon
Bought by
Linnie Mccutcheon

Purchase Details

Closed on
Jul 14, 1999
Bought by
Mccutcheon Willam and Mccutcheon Linnie
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 Type Sale Price Title Company
Warranty Deed $125,000 Melrose Title Company Llc
Warranty Deed $377,000 Maryville Title Agency
Warranty Deed $313,615 Paramount Land Title
Deed $20,000 --
Warranty Deed $54,000 --
Deed -- --
Warranty Deed $37,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $157,000 No Value Available
Previous Owner $312,500 No Value Available
Previous Owner $260,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2023 07/03/23 Off Market $125,000 -- --
04/03/2023 04/03/23 Sold $125,000 -16.6% $53 / Sq Ft
02/23/2023 02/23/23 Pending -- -- --
01/25/2023 01/25/23 Price Changed $149,900 -11.3% $64 / Sq Ft
11/28/2022 11/28/22 Price Changed $169,000 -5.6% $72 / Sq Ft
09/28/2022 09/28/22 For Sale $179,000 -52.5% $76 / Sq Ft
01/21/2020 01/21/20 Off Market $377,000 -- --
10/11/2019 10/11/19 Sold $377,000 -3.8% $181 / Sq Ft
09/09/2019 09/09/19 Price Changed $392,000 -1.8% $188 / Sq Ft
07/29/2019 07/29/19 For Sale $399,000 +22.8% $192 / Sq Ft
07/26/2019 07/26/19 Off Market $325,000 -- --
04/27/2018 04/27/18 Sold $325,000 0.0% $156 / Sq Ft
04/10/2018 04/10/18 Pending -- -- --
04/02/2018 04/02/18 For Sale $325,000 -- $156 / 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 $44 $3,000 $3,000 --
2024 $44 $3,000 $3,000 --
2023 $44 $3,000 $0 $0
2022 $387 $26,150 $3,000 $23,150
2021 $1,448 $26,150 $3,000 $23,150
2020 $1,006 $97,825 $3,000 $94,825
2019 $1,006 $54,075 $3,000 $51,075
2018 $1,006 $54,075 $3,000 $51,075
2017 $1,006 $54,075 $3,000 $51,075
2016 $1,006 $54,075 $3,000 $51,075
2015 -- $54,750 $0 $0
2014 $892 $54,743 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 254142

Great Smoky Mountains Association of REALTORS®

APN: 113D-A-014.00