$900,000
SOLD OCT 22, 2021

368 Oak Lake Dr Sevierville, TN 37876

4 Beds
6 Baths
3,456 Sq Ft
0.8 Acres

Recently Sold

$260 Per Sq Ft

3% Below List Price

53 Days on Market

Highlights

  • Mountain View
  • Deck
  • Cathedral Ceiling
  • Gatlinburg Pittman High School Rated A-
  • Wooded Lot
  • Wood Flooring

About This Home

As of October 2021

2021 gross rental income collected/booked ~$130k and climbing! Rental Projections are 117k-140k. Awesome 4BR/6BA with 2 bonus rooms. Located just minutes away from Douglas Lake and Pigeon Forge. Property sits high in the subdivision so it has long range views and potential for more if trees are trimmed/removed. Cabin is three levels, each with 2 bedrooms and 2 full bathrooms and their own deck. Each bedroom is like it's own private suite! Cabin comes fully furnished. Buyer must use Seller's property manager and accept rental reservations for a minimum 90 days after closing. Some drone footage used in the photography.

Last Agent to Sell the Property

Tracy King

Your Home Sold Guaranteed Real License #302880 Listed on: 06/25/2021

Your Home Sold Guaranteed Real

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM License #105

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,442

Year Built

  • Built in 2007

Lot Details

  • 0.8 Acre Lot
  • Property fronts a county road
  • Level Lot
  • Wooded Lot

Property Views

  • Mountain
  • Seasonal

Home Design

  • Log Cabin
  • Composition Roof
  • Log Siding

Interior Spaces

  • 3,456 Sq Ft Home
  • 3-Story Property
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Great Room
  • Formal Dining Room
  • Bonus Room
  • Wood Flooring
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 6 Full Bathrooms
  • Soaking Tub

Laundry

  • Dryer
  • Washer

Parking

  • Private Parking
  • Driveway
  • Paved Parking

Outdoor Features

  • Deck
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • The Oaks Subdivision

Listing and Financial Details

  • Tax Lot 62

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,442

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2007
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Level, Wooded
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Reso View: Mountain(s), Seasonal
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: 612
  • Subdivision Name: The Oaks
  • Above Grade Finished Sq Ft: 3456.0
  • Architectural Style: Cabin, Log
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: Three Or More
  • Location Tax and Legal Tax Lot2: 62
  • Location Tax and Legal:Tax Annual Amount: 1441.97
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Lot Size Acres: 0.8
  • General Property Information Above Grade Finished Area: 3456.0
  • 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 Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin2: Yes
  • Architectural Style Log2: Yes
  • Cooling:Central Air: Yes
  • Flooring Wood: Yes
  • Interior Features Great Room2: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Composition: Yes
  • Security Features:Smoke Detector(s): Yes
  • Land Features View Mountains: Yes
  • View Seasonal: Yes
  • Water Source:Public: Yes
  • Interior Features Formal Dining: Yes
  • Road Frontage Type County Road: Yes
  • Utilities:Cable Available: Yes
  • Levels Three Or More: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space, None
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Formal Dining, Great Room, High Speed Internet, Soaking Tub, Wet Bar
  • Street Number Modifier: 368
  • Full Bathrooms: 6
  • Total Bedrooms: 4
  • Fireplace Features: Electric
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes
  • Basement:None3: Yes
  • Fireplace Features:Electric2: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Soaking Tub: Yes
  • Interior Features:Wet Bar: Yes
  • Appliances:Range Hood: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Acres: 0.8
  • View: Yes
  • Home Warranty: No
  • Construction Type: Log Siding
  • Patio And Porch Features: Deck
  • Exterior Features:Rain Gutters: Yes
  • Lot Features:Level: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Log Siding: Yes
  • Lot Features:Wooded: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Paved, Private
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes
  • Parking Features:Private3: Yes

Utilities

  • Cooling: Central Air, Electric, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 34848.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1441.97
  • Tax Lot: 62

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2021
Closed on
Oct 21, 2021
Sold by
N Latour Trucking Llc
Bought by
Smokey Family Rentals Llc
Seller's Agent
Tracy King
Your Home Sold Guaranteed Real
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$924,900
Sold Price
$900,000
Premium/Discount to List
-$24,900
-2.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.98%
Original Mortgage
$765,000
Outstanding Balance
$396,379
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$683,944

Purchase Details

Listed on
May 8, 2015
Closed on
Mar 29, 2016
Sold by
Mason Darrell K
Bought by
N Latour Trucking Llc
Seller's Agent
Paula Cramer
Century 21 Four Seasons Realty Parkway
Buyer's Agent
Leann Howard
Your Home Sold Guaranteed Realty TN(Sevier)
List Price
$425,000
Sold Price
$350,000
Premium/Discount to List
-$75,000
-17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.48%
Original Mortgage
$297,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2009
Sold by
Federal National Mortgage Association
Bought by
Mason Darrell K

Purchase Details

Closed on
Apr 16, 2009
Sold by
Borovay Joel
Bought by
Federal National Mtg Associati

Purchase Details

Closed on
Feb 4, 2009
Sold by
Borovay Joel
Bought by
Federal National Mtg Associati

Purchase Details

Closed on
Nov 30, 2007
Sold by
Mike Cecil
Bought by
Borovay Joel H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.88%
Source: Public Records

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Range of Values:

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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 $900,000 Foothills Title Services Inc
Warranty Deed $350,000 --
Deed $220,000 --
Deed $440,217 --
Deed $440,217 --
Deed $649,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $765,000 Future Advance Clause Open End Mortgage
Previous Owner $297,500 New Conventional
Previous Owner $417,000 No Value Available
Previous Owner $167,910 No Value Available
Previous Owner $325,000 No Value Available
Previous Owner $325,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 For Sale $1,099,900 +22.2% $318 / Sq Ft
01/23/2022 01/23/22 Off Market $900,000 -- --
10/22/2021 10/22/21 Sold $900,000 -2.7% $260 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
08/17/2021 08/17/21 For Sale $924,900 0.0% $268 / Sq Ft
08/06/2021 08/06/21 Pending -- -- --
08/05/2021 08/05/21 Price Changed $924,900 0.0% $268 / Sq Ft
07/29/2021 07/29/21 Price Changed $924,909 0.0% $268 / Sq Ft
07/22/2021 07/22/21 Price Changed $924,990 0.0% $268 / Sq Ft
07/19/2021 07/19/21 Price Changed $924,999 0.0% $268 / Sq Ft
07/14/2021 07/14/21 For Sale $925,000 0.0% $268 / Sq Ft
06/28/2021 06/28/21 Pending -- -- --
06/25/2021 06/25/21 For Sale $925,000 +164.3% $268 / Sq Ft
06/27/2019 06/27/19 Off Market $350,000 -- --
03/29/2016 03/29/16 Sold $350,000 -17.6% $101 / Sq Ft
02/08/2016 02/08/16 Pending -- -- --
05/08/2015 05/08/15 For Sale $425,000 -- $123 / 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 $1,628 $109,975 $8,750 $101,225
2023 $1,628 $109,975 $0 $0
2022 $1,628 $109,975 $8,750 $101,225
2021 $1,628 $109,975 $8,750 $101,225
2020 $1,485 $109,975 $8,750 $101,225
2019 $1,442 $77,525 $8,750 $68,775
2018 $1,442 $77,525 $8,750 $68,775
2017 $1,442 $77,525 $8,750 $68,775
2016 $1,442 $77,525 $8,750 $68,775
2015 -- $70,525 $0 $0
2014 $1,150 $70,528 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 243424

Great Smoky Mountains Association of REALTORS®

APN: 040J-B-062.00