NOT LISTED FOR SALE

3970 Millers Ridge Way Sevierville, TN 37862

Estimated Value: $706,678

3 Beds
2 Baths
1,776 Sq Ft
$398/Sq Ft Est. Value

Last Sold February 15, 2024

Last sale price $717,000 $404 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $3,935/month

70 Days on Market

Highlights

  • Deck
  • 1 Fireplace
  • Cooling Available
  • Gatlinburg Pittman High School Rated A-
  • Log Cabin
  • Views

About This Home

As of February 2024

Serene pond and mountain views, easy roads, lots of updates, huge wrap-around decks - this fantastic Wears Valley cabin is ready to be your next money maker! This charming cabin features an open living space with primary suite on the main level, a lofted second bedroom, and HUGE open downstairs bunk room that doubles as a game room! 1000sqft of covered decks overlook the stocked community fishing pond, and it's only 1.2 miles from Honeysuckle Pool & Deli! The seller has carefully curated this property and received ONLY 5-star reviews on AirBNB, and has made the following improvements: New HVAC (2021), new kitchen appliances (2022), new gas fireplace (2022), new hot tub (2022), new dryer (2023), new water softener (2023). In the past 12 months, this cabin has brought in OVER $98,000 of revenue (NOT INCLUDING taxes/cleaning expenses!). The Hickory Hollow neighborhood is a hidden gem, quiet and beautiful with easy access to Wears Valley and all attractions, stocked catch-and-release fishing pond, picnic area, and Xfinity internet. Don't miss this fantastic opportunity for a cash flowing investment!

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,205

Year Built

  • Built in 2003

Lot Details

  • 0.5

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Log Cabin
  • Frame Construction

Interior Spaces

  • Property has 3 Levels
  • Ceiling Fan
  • 1 Fireplace
  • Laminate Flooring
  • Fire and Smoke Detector
  • Property Views
  • Finished Basement

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling Available
  • Central Heating
  • Heating System Uses Propane

Additional Features

  • Deck
  • 0.5 Acre Lot

Community Details

  • Hickory Hollow Subdivision

Listing and Financial Details

  • Tax Lot TR27
  • Assessor Parcel Number 123G A 00102 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,205

Year Built

Built in 2003

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Log
  • Year Built: 2003
  • Unit Levels: Three Or More
  • Building Stories: 3
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Attribution Contact: 6155686195
  • Special Features: None
  • Stories: 3

Interior Features

  • Interior Amenities: Ceiling Fan(s), Primary Bedroom Main Floor
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Oven, Washer
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Laminate
  • Total Bedrooms: 3
  • Full Bathrooms: 2
  • Has Basement: Finished
  • Above Grade Finished Sq Ft: 1008
  • Below Grade Sq Ft: 768
  • Building Area Units: Square Feet
  • Living Area: 1776
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Frame, Other
  • Patio And Porch Features: Deck
  • Pool Private: No
  • View: Mountain(s)
  • View: Yes
  • Waterfront: No

Garage/Parking

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

Utilities

  • Cooling: Central Air, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Electric, Propane
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Security: Smoke Detector(s)

Condo/Co-op/Association

  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association: Yes
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Lot Info

  • Lot Features: Other
  • Lot Size Acres: 0.5
  • Lot Size: 200 X 155.64 IRR
  • Lot Size Units: Acres
  • Parcel #: 123G A 00102 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1205
  • Tax Lot: TR27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2023
Closed on
Feb 12, 2024
Sold by
Duray John and Duray Ashley
Bought by
Tsc Holdings Llc
List Price
$749,000
Sold Price
$717,000
Premium/Discount to List
-$32,000
-4.27%
Views
207
Current Estimated Value
$706,678

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,322
Avg. Annual Appreciation
-1.04%
Original Mortgage
$603,500
Outstanding Balance
$566,457
Interest Rate
5.89%
Mortgage Type
New Conventional
Estimated Equity
$138,556

Purchase Details

Listed on
Apr 1, 2021
Closed on
Jun 4, 2021
Sold by
Cleary Michael D and Cleary Beverly L
Bought by
Duray John and Duray Ashley
Seller's Agent
David Everett
Century 21 MVP
Buyer's Agent
Julie McCoy
eXp Realty, LLC 7720
List Price
$625,000
Sold Price
$610,000
Premium/Discount to List
-$15,000
-2.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.19%
Original Mortgage
$459,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 18, 2005
Sold by
Brown Steven M
Bought by
Cleary Michael D

Purchase Details

Closed on
Jul 26, 2002
Sold by
Ciotti Grover L and Ciotti Madeline
Bought by
Brown Steven M

Purchase Details

Closed on
Jan 13, 1994
Bought by
Ciotti Grover L and Ciotti Madeline
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
Tsc Holdings Llc $717,000 Smoky Mountain Title
Tsc Holdings Llc $717,000 Smoky Mountain Title
Duray John $610,000 None Available
Cleary Michael D $287,500 --
Brown Steven M $30,000 --
Ciotti Grover L $31,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tsc Holdings Llc $603,500
Closed Tsc Holdings Llc $603,500
Previous Owner Duray John $459,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/15/2024 02/15/24 Sold $717,000 -4.3% $404 / Sq Ft
12/23/2023 12/23/23 Pending -- -- --
10/14/2023 10/14/23 For Sale $749,000 +22.8% $422 / Sq Ft
09/05/2021 09/05/21 Off Market $610,000 -- --
06/07/2021 06/07/21 Sold $610,000 -2.4% $318 / Sq Ft
04/15/2021 04/15/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $625,000 -- $326 / 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 $1,928 $130,240 $16,000 $114,240
2024 $1,928 $130,240 $16,000 $114,240
2023 $1,928 $130,240 $0 $0
2022 $1,205 $81,400 $10,000 $71,400
2021 $1,205 $81,400 $10,000 $71,400
2020 $1,097 $81,400 $10,000 $71,400
2019 $1,097 $58,975 $10,000 $48,975
2018 $1,097 $58,975 $10,000 $48,975
2017 $1,097 $58,975 $10,000 $48,975
2016 $1,097 $58,975 $10,000 $48,975
2015 -- $60,775 $0 $0
2014 $991 $60,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Realtracs

MLS Number: 2828038

Realtracs

APN: 123G-A-001.02