$650,000
SOLD SEP 15, 2023

5042 Settlers View Ln Sevierville, TN 37862

3 Beds
2.5 Baths
1,786 Sq Ft
0.82 Acres

Recently Sold

$364 Per Sq Ft

34% Below List Price

136 Days on Market

Highlights

  • A-Frame Home
  • Deck
  • Wooded Lot
  • Gatlinburg Pittman High School Rated A-
  • Seasonal View
  • Cathedral Ceiling

About This Home

As of September 2023

Massive Price Drop! Highly motivated sellers,please bring an offer! Located in the "Homestead of Wears Valley" just minutes to Pigeon Forge and the Great Smoky Mountains National Park. A perfect residence, vacation home or short-term rental. This one-of-a-kind, beautifully designed, custom home with seasonal views was lovingly built in 2018 by the current owners. The 450Ft gravel driveway leads you to this beautiful cabin. Upon entering you'll immediately notice the high vaulted tongue and groove, 8' foot, wood ceilings. The back wall of windows will let you enjoy the seasonal views of the Smoky Mountains. The living room showcases a stone gas fireplace and wood flooring. The kitchen features granite counter tops and stainless-steel appliances with custom soft close cabinetry. The split design offers 2 large bedrooms with ensuites. Upstairs is the cutest loft area for reading, playing card games, sleeping. Additional features include a covered deck that wraparounds to a covered porch. The lower level has a large partially finished basement reinforced with carbon fiber and 17 ft ceilings that can be converted into another living area, workshop, media and entertainment rooms. Estimated projected earnings from a local rental company is in the $60K range, if media room or indoor putt putt addition would increase potential earnings to the $80-$90K range. THIS IS A MUST SEE!

Last Agent to Sell the Property

Luisa Dees

Prime Mountain Properties License #332553 Listed on: 03/28/2023

Last Buyer's Agent

Luisa Dees

Prime Mountain Properties License #332553 Listed on: 03/28/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,599

Year Built

  • Built in 2018

Lot Details

  • 0.82 Acre Lot
  • Wooded Lot

HOA Fees

  • $25 Monthly HOA Fees

Home Design

  • A-Frame Home
  • Frame Construction
  • Composition Roof
  • Cement Siding
  • Cedar Siding

Interior Spaces

  • 1,786 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Self Contained Fireplace Unit Or Insert
  • Fireplace Features Blower Fan
  • Gas Log Fireplace
  • Fireplace Features Masonry
  • Double Pane Windows
  • Window Treatments
  • Living Room
  • Dining Room
  • Loft
  • Utility Room
  • Wood Flooring
  • Seasonal Views
  • Attic Access Panel
  • Fire and Smoke Detector

Kitchen

  • Double Self-Cleaning Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry

Parking

  • Private Parking
  • Driveway

Outdoor Features

  • Deck
  • Covered patio or porch
  • Rain Gutters

Utilities

  • Cooling Available
  • Forced Air Heating System
  • Heat Pump System
  • Shared Well
  • Water Softener is Owned
  • Septic Tank
  • Septic Permit Issued
  • High Speed Internet

Community Details

  • Homestead Association
  • Homestead In Wears Valley Subdivision

Listing and Financial Details

  • Tax Lot /136E

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,599

Year Built

Built in 2018

Lot Details

0

HOA Fees

$25 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2018
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Wooded
  • Road Frontage Type: City Street
  • Road Surface Type: Gravel
  • Reso View: Seasonal
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: 325
  • Subdivision Name: Homestead in Wears Valley
  • Above Grade Finished Sq Ft: 1786.0
  • Architectural Style: A-Frame
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: Two
  • ResoWindowFeatures: Double Pane Windows, Window Treatments
  • Location Tax and Legal Tax Lot2: /136E
  • Location Tax and Legal:Tax Annual Amount: 1599.14
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Lot Size Acres: 0.82
  • General Property Information Above Grade Finished Area: 1786.0
  • General Property Information Below Grade Unfinished Area: 1810.0
  • General Property Information:Bathrooms Half: 1
  • 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 Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Attic Features Access Only: Yes
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Composition: Yes
  • Security Features:Smoke Detector(s): Yes
  • View Seasonal: Yes
  • Room Types Bedroom 2 Level: 1
  • Room Types Dining Room: Yes
  • Room Types Dining Room Level: 1
  • Room Types Living Room: Yes
  • Room Types Living Room Level: 1
  • Room Types Loft: Yes
  • Room Types Loft Level: 2
  • Room Types Primary Bedroom Level: 1
  • Room Types Utility Room: Yes
  • Room Types Utility Room Level: B
  • Levels:Two: Yes
  • Sewer Septic Permit On File: Yes
  • Road Surface Type Gravel2: Yes
  • Architectural Style A-Frame: Yes
  • Water Source Shared Well: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement, Exterior Entry, Full, Partially Finished, Walk-Out Access
  • Appliances: Dishwasher, Disposal, Double Oven, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer, Water Softener Owned
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), High Speed Internet, Solid Surface Counters, Walk-In Closet(s)
  • Street Number Modifier: 5042
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Blower Fan, Gas Log, Insert, Masonry
  • Total Bedrooms: 14
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:High Speed Internet: Yes
  • Appliances:Double Oven: Yes
  • Basement:Basement2: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Gas Log: Yes
  • Interior Features:Walk-In Closet(s): Yes
  • Fireplace Features:Blower Fan: Yes
  • Basement:Exterior Entry: Yes
  • Interior Features:Solid Surface Counters: Yes
  • Fireplace Features:Masonry: Yes
  • Appliances:Water Softener-Owned: Yes
  • Basement:Partially Finished: Yes
  • Fireplace Features:Insert: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Acres: 0.82
  • Home Warranty: No
  • Construction Type: Cement Siding, Frame
  • Patio And Porch Features: Covered, Deck, Patio, Porch
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Covered2: Yes
  • Patio and Porch Features:Porch: Yes
  • Patio And Porch Features:Deck2: Yes
  • Patio And Porch Features:Patio: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Window Treatments: Yes
  • Lot Features:Wooded: Yes
  • Construction Materials:Frame: Yes
  • Construction Materials:Cement Siding: Yes

Garage/Parking

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

Utilities

  • Cooling: Electric, Heat Pump
  • Heating: Forced Air, Heat Pump
  • Sewer: Septic Tank, Septic Permit On File
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Shared Well
  • HeatingCooling:Electric: Yes
  • Heating:Heat Pump2: Yes
  • Heating:Forced Air: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association Fee: 25.0
  • Association Fee Frequency: Monthly
  • Association Name: Homestead
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 35719.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1599.14
  • Tax Lot: /136E

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2023
Closed on
Sep 15, 2023
Sold by
Tucker Stephen D and Tucker Cynthia A
Bought by
Chen Michael Dai Yang and Ho Hsiaochi
Seller's Agent
Luisa Dees
Prime Mountain Properties
Buyer's Agent
Luisa Dees
Prime Mountain Properties
List Price
$989,000
Sold Price
$650,000
Premium/Discount to List
-$339,000
-34.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.85%
Original Mortgage
$487,500
Outstanding Balance
$479,342
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$559,501

Purchase Details

Closed on
Jan 25, 2017
Sold by
Highlands Un Bank
Bought by
Tucker Stephen D and Tucker Cynthia A

Purchase Details

Closed on
Oct 25, 2010
Sold by
Timberwinds Log Home Const
Bought by
Highlands Un Bank

Purchase Details

Closed on
Feb 8, 2005
Bought by
Timberwinds Log Home Construction Inc
Source: Public Records

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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 $650,000 Smoky Mountain Title
Special Warranty Deed $22,500 --
Deed $50,000 --
Warranty Deed $648,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $487,500 New Conventional
Previous Owner $71,900 New Conventional
Previous Owner $180,000 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2025 05/07/25 Price Changed $995,000 -5.2% $305 / Sq Ft
11/29/2024 11/29/24 For Sale $1,050,000 +61.5% $321 / Sq Ft
09/15/2023 09/15/23 Sold $650,000 -34.3% $364 / Sq Ft
08/12/2023 08/12/23 Pending -- -- --
03/28/2023 03/28/23 For Sale $989,000 -- $554 / 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 $1,599 $172,880 $24,000 $148,880
2023 $1,599 $172,880 $0 $0
2022 $1,599 $108,050 $15,000 $93,050
2021 $1,599 $108,050 $15,000 $93,050
2020 $1,413 $108,050 $15,000 $93,050
2019 $1,413 $75,950 $15,000 $60,950
2018 $279 $75,950 $15,000 $60,950
2017 $279 $15,000 $15,000 $0
2016 $279 $15,000 $15,000 $0
2015 -- $18,750 $0 $0
2014 $306 $18,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 256448

Great Smoky Mountains Association of REALTORS®

APN: 112-045.07