NOT LISTED FOR SALE

4438 Shangrila Way Sevierville, TN 37876

Estimated Value: $797,000 - $894,000

3 Beds
3 Baths
1,900 Sq Ft
$443/Sq Ft Est. Value

Last Sold January 13, 2021

Last sale price $600,000 $316 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,734/month

About This Home

As of January 2021

This home is located at 4438 Shangrila Way, Sevierville, TN 37876 since 13 January 2021 and is currently estimated at $841,562, approximately $442 per square foot. This property was built in 2020. 4438 Shangrila Way is a home located in Sevier County with nearby schools including Catons Chapel Elementary School, Jones Cove Elementary School, and Northview Elementary School.

Last Agent to Sell the Property

Darlene Derosia

Smoky Mountain Real Estate Cor Listed on: 01/13/2021

Last Buyer's Agent

Darlene Derosia

Smoky Mountain Real Estate Cor Listed on: 01/13/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $111

Year Built

  • Built in 2020

Lot Details

  • 1

HOA Fees

  • $5 Monthly HOA Fees

Home Design

  • 1,900 Sq Ft Home
  • Cabin

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Private Water Source
  • Shared Septic

Community Details

  • Shangrila Association
  • Mountain Shangrila Subdivision

Listing and Financial Details

  • Tax Lot 4
  • Assessor Parcel Number 106 051.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$111

Year Built

Built in 2020

Lot Details

0

HOA Fees

$5 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2020
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • Co List Office Mls Id: 505
  • Subdivision Name: Mountain Shangrila
  • Above Grade Finished Sq Ft: 1900.0
  • Architectural Style: Cabin
  • Location Tax and Legal Parcel Number2: 106 051.00
  • Location Tax and Legal Tax Lot2: 4
  • Location Tax and Legal:Tax Annual Amount: 111.0
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Above Grade Finished Area: 1900.0
  • General Property Information Bonus Room YN2: No
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • Architectural Style Cabin2: Yes
  • Sewer Shared Septic: Yes
  • Water Source Private6: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Street Number Modifier: 4438
  • Full Bathrooms: 3
  • Total Bedrooms: 3

Exterior Features

  • Home Warranty: No

Utilities

  • Sewer: Shared Septic
  • Water Source: Private

Condo/Co-op/Association

  • Association Fee: 60.0
  • Association Fee Frequency: Annually
  • Association Name: Shangrila
  • Association: Yes

Lot Info

  • Parcel #: 106 051.00

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 111.0
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2021
Closed on
Jan 11, 2021
Sold by
Derosia Phillip L and Derosia Kimberly R
Bought by
Majors Michael S and Majors Tonya
Seller's Agent
Darlene Derosia
Smoky Mountain Real Estate Cor
Buyer's Agent
Darlene Derosia
Smoky Mountain Real Estate Cor
Sold Price
$600,000
Current Estimated Value
$841,562

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$241,562
Avg. Annual Appreciation
7.45%
Original Mortgage
$510,000
Outstanding Balance
$455,097
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$386,465

Purchase Details

Closed on
May 30, 2019
Sold by
Mountain Shangrila Llc
Bought by
Derosia Philip L and Derosia Kimberly R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
4.1%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Majors Michael S $600,000 None Available
Derosia Philip L $450,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Majors Michael S $510,000
Previous Owner Derosia Philip L $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/21/2021 04/21/21 Off Market $600,000 -- --
01/13/2021 01/13/21 Sold $600,000 -- $316 / 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 $2,990 $202,040 $20,000 $182,040
2024 $2,990 $202,040 $20,000 $182,040
2023 $2,990 $202,040 $0 $0
2022 $1,869 $126,275 $12,500 $113,775
2021 $1,869 $126,275 $12,500 $113,775
2020 $56 $126,275 $12,500 $113,775
2019 $56 $3,000 $3,000 $0
2018 $56 $3,000 $3,000 $0
2017 $56 $3,000 $3,000 $0
2016 $56 $3,000 $3,000 $0
2015 -- $5,000 $0 $0
2014 -- $5,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    Darlene Derosia

    Smoky Mountain Real Estate Cor

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 240109

Great Smoky Mountains Association of REALTORS®

APN: 106-051.00-006

Tennessee Sevier County Sevierville 37876

4438 Shangrila Way, Sevierville, TN

This home is located at 4438 Shangrila Way, Sevierville, TN 37876 since 13 January 2021 and is currently estimated at $841,562, approximately $442 per square foot. This property was built in 2020. 4438 Shangrila Way is a home located in Sevier County with nearby schools including Catons Chapel Elementary School, Jones Cove Elementary School, and Northview Elementary School.

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