NOT LISTED FOR SALE

3318 Covered Bridge Way Sevierville, TN 37862

Estimated Value: $998,000 - $1,149,000

6 Beds
5 Baths
3,042 Sq Ft
$358/Sq Ft Est. Value

Last Sold August 29, 2023

Last sale price $1,175,000 $386 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $6,227/month

13 Days on Market

Highlights

  • Private Pool
  • Home fronts a creek
  • Wooded Lot
  • Gatlinburg Pittman High School Rated A-
  • Deck
  • Wood Flooring

About This Home

As of August 2023

Magnificent 6-bedroom, 5-bath cabin offers fantastic investment opportunity! Located in Smoky Mountain Ridge in Wears Valley, guests can enjoy the roar of the creek while sitting and relaxing around the overlooking firepit, or relax in the privacy of the nearby hot tub on the covered deck. Inside the cabin, guests have the opportunity to compete in one of several games in the game room while watching television, or gather on the main level in the dining area. Resort also offers several amenities, including a community pool. Items in owners' closets and Keurig in kitchen don't convey. Buyer to verify square footage and acreage, and conduct all inspections. All information included taken from tax records and sellers, considered reliable but not guaranteed. See associated docs for disclosures.

Last Agent to Sell the Property

Dennis Beard

Century 21 MVP License #334158 Listed on: 07/17/2023

Century 21 MVP

Last Buyer's Agent

Jared Drager

Prime Mountain Properties License #322010

Prime Mountain Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,975

Year Built

  • Built in 2006

Lot Details

  • Home fronts a creek
  • Wooded Lot

HOA Fees

  • $183 Monthly HOA Fees

Home Design

  • Log Cabin

Interior Spaces

  • 3-Story Property
  • Furnished
  • Gas Log Fireplace
  • Wood Flooring
  • Dryer
  • Finished Basement

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Private Pool
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Heating System
  • Private Water Source
  • Shared Septic

Listing and Financial Details

  • Tax Lot 7-R

Community Details

Overview

  • Association fees include ground maintenance, roads
  • Smoky Mountain Ridge Association
  • Smoky Mountain Ridge Subdivision
  • On-Site Maintenance

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,975

Year Built

Built in 2006

Lot Details

0

HOA Fees

$183 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLotFeatures: Wooded
  • ResoPoolFeatures: Private
  • Road Surface Type: Paved
  • Reso Association Amenities: Pool
  • Reso Association Fee Includes: Maintenance Grounds, Roads
  • Co List Office Mls Id: 12
  • Subdivision Name: Smoky Mountain Ridge
  • Above Grade Finished Sq Ft: 2028.0
  • Architectural Style: Cabin, Log
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Location Tax and Legal Tax Lot2: 7-R
  • Location Tax and Legal:Tax Annual Amount: 1975.0
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Above Grade Finished Area: 2028.0
  • General Property Information Below Grade Finished Area: 1014.0
  • General Property Information Bonus Room YN2: No
  • 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
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Architectural Style Cabin2: Yes
  • Architectural Style Log2: Yes
  • Association Amenities Pool2: Yes
  • Flooring Wood: Yes
  • Pool Features Private4: Yes
  • General Property Information Waterfront YN: Yes
  • Sewer Shared Septic: Yes
  • Levels Three Or More: Yes
  • Water Source Private6: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Finished
  • Appliances: Dishwasher, Dryer, Electric Range, Refrigerator
  • Street Number Modifier: 3318
  • Full Bathrooms: 5
  • Total Bedrooms: 6
  • Below Grade Sq Ft: 1014.0
  • Fireplace Features: Gas Log
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Basement Finished: Yes
  • Fireplace Features:Gas Log: Yes

Exterior Features

  • Waterfront Features: Creek
  • Waterfront: Yes
  • Home Warranty: No
  • Patio And Porch Features: Covered, Deck
  • Patio And Porch Features:Covered2: Yes
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Wooded: Yes
  • Waterfront Features:Creek: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Paved
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Heating: Forced Air
  • Sewer: Shared Septic
  • HeatingYN: Yes
  • Water Source: Private
  • Heating:Forced Air: Yes

Condo/Co-op/Association

  • Association Fee: 550.0
  • Association Fee Frequency: Quarterly
  • Association Name: Smoky Mountain Ridge
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Maintenance Grounds2: Yes

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1975.0
  • Tax Lot: 7-R

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2023
Closed on
Aug 29, 2023
Sold by
Lauer Brandon and Lauer Mckinsey
Bought by
Overnnoon Vacation Rentals Fund I Tn Homes
Seller's Agent
Dennis Beard
Century 21 MVP
Buyer's Agent
Jared Drager
Prime Mountain Properties
List Price
$1,250,000
Sold Price
$1,175,000
Premium/Discount to List
-$75,000
-6%
Views
94
Current Estimated Value
$1,090,290

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$84,710
Avg. Annual Appreciation
-3.48%

Purchase Details

Listed on
Apr 26, 2021
Closed on
Sep 28, 2021
Sold by
The Cherokee Group Llc
Bought by
Borrego Dillon and Borrego Katie
Seller's Agent
Ted Jordan
Ted Jordan Realty
Buyer's Agent
Kaitlin Glenn
Tranquility Real Estate Group,
List Price
$1,099,999
Sold Price
$990,000
Premium/Discount to List
-$109,999
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%
Original Mortgage
$890,900
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2005
Sold by
Smr Construction Venture L
Bought by
Cherokee Group Llc
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
Overnnoon Vacation Rentals Fund I Tn Homes $1,175,000 None Listed On Document
Borrego Dillon $990,000 Tennessee Land Title
Cherokee Group Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borrego Dillon $890,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/24/2023 09/24/23 Off Market $1,250,000 -- --
08/29/2023 08/29/23 Sold $1,175,000 -6.0% $386 / Sq Ft
07/31/2023 07/31/23 Pending -- -- --
07/17/2023 07/17/23 For Sale $1,250,000 +26.3% $411 / Sq Ft
03/22/2022 03/22/22 Off Market $990,000 -- --
10/15/2021 10/15/21 Sold $990,000 -10.0% $325 / Sq Ft View Prior Sale
08/18/2021 08/18/21 Pending -- -- --
04/26/2021 04/26/21 For Sale $1,099,999 -- $362 / 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 $3,160 $213,520 $12,000 $201,520
2024 $3,160 $213,520 $12,000 $201,520
2023 $3,160 $213,520 $0 $0
2022 $1,975 $133,450 $7,500 $125,950
2021 $1,975 $133,450 $7,500 $125,950
2020 $1,303 $133,450 $7,500 $125,950
2019 $1,303 $70,075 $7,500 $62,575
2018 $1,303 $70,075 $7,500 $62,575
2017 $1,303 $70,075 $7,500 $62,575
2016 $1,303 $70,075 $7,500 $62,575
2015 -- $68,875 $0 $0
2014 $1,123 $68,879 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2023

    Dennis Beard

    Century 21 MVP

    (270) 452-1473

    10 in this area

    23 Total Sales

    Dennis Beard
    Section Image
  • Jared Drager

    Buyer's Agent in 2023

    Jared Drager

    Prime Mountain Properties

    (865) 244-6414

    69 in this area

    106 Total Sales

    Jared Drager
    Section Image

  • T

    Seller's Agent in 2021

    Ted Jordan

    Ted Jordan Realty

    Section Image
  • Kaitlin Glenn

    Buyer's Agent in 2021

    Kaitlin Glenn

    Tranquility Real Estate Group,

    (609) 816-7520

    45 in this area

    57 Total Sales

    Kaitlin Glenn
    Section Image
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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 258342

Great Smoky Mountains Association of REALTORS®

APN: 104J-B-001.00-007

Tennessee Sevier County Sevierville 37862

3318 Covered Bridge Way, Sevierville, TN

This home is located at 3318 Covered Bridge Way, Sevierville, TN 37862 since 17 July 2023 and is currently estimated at $1,090,290, approximately $358 per square foot. This property was built in 2006. 3318 Covered Bridge Way is a home located in Sevier County with nearby schools including Northview Elementary School, Catons Chapel 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.

Great Smoky Mountains Association of REALTORS® 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. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed. Copyright 2025 Great Smoky Mountains Association of REALTORS®. All rights reserved.

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