NOT LISTED FOR SALE

511 Loraine St Pigeon Forge, TN 37863

Estimated Value: $448,959

2 Beds
2 Baths
960 Sq Ft
$468/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $439,000 $457 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $2,529/month

3 Days on Market

Highlights

  • Pool and Spa
  • 0.29 Acre Lot
  • Cathedral Ceiling
  • Gatlinburg Pittman High School Rated A-
  • Deck
  • Furnished

About This Home

As of October 2021

This unique, modern-rustic, 2 bed/2 bath, fully furnished cabin, newly built in Fall 2020 is located in a quiet and peaceful, up-and-coming cabin community two minutes off the Parkway in desirable Pigeon Forge. Featuring beautiful solid wood walls, a corner fireplace, open-concept great room, dining area, full kitchen with granite and solid hickory cabinets, laundry room, spacious owners' closet, wood flooring, a large master bedroom (king bed) and en suite private bath, this cabin also boasts high quality construction built by a reputable local builder, including metal roof, energy efficiencies, low maintenance, and city utilities. The covered front porch offers rocking chairs and the large back deck with dining table overlooks the meadow for a relaxing evening in the hot tub. Fantastic location, blocks from the Parkway and a short drive to Dollywood, The Island, great restaurants and area attractions as well as the Great Smoky Mountains National Park, Meadow Mist is a high income-producing cabin with revenues achieving $32k in its first 8 months on a rental program - on track to gross over $50k in its first year!

Last Agent to Sell the Property

Janet Giffee

eXp Realty, LLC 7720 License #318021 Listed on: 07/29/2021

eXp Realty, LLC 7720

Last Buyer's Agent

Susan Smith

TN Smoky Mtn Realty License #321993

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $990

Year Built

  • Built in 2020

Lot Details

  • 0.29 Acre Lot

Home Design

  • Cabin
  • Metal Roof
  • Log Siding

Interior Spaces

  • 960 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Window Treatments
  • Crawl Space

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Pool and Spa
  • Deck

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 094 031.07

Home Details

Home Type

Single Family

Est. Annual Taxes

$990

Year Built

Built in 2020

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2020
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoPoolFeatures: Hot Tub
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Mls Id: 701
  • Subdivision Name: Other
  • Above Grade Finished Sq Ft: 960.0
  • Architectural Style: Cabin
  • Fireplace: Yes
  • Garage Yn: No
  • Unit Levels: One
  • ResoWindowFeatures: Window Treatments
  • Location Tax and Legal Parcel Number2: 094 031.07
  • Location Tax and Legal Tax Lot2: 1
  • General Property Information Lot Size Acres: 0.29
  • General Property Information Above Grade Finished Area: 960.0
  • 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 Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin2: Yes
  • Cooling:Central Air: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Levels:One: Yes
  • Pool Features Hot Tub: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), High Speed Internet, Walk-In Closet(s)
  • Street Number Modifier: 511
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Electric
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Basement:Crawl Space: Yes
  • Fireplace Features:Electric2: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Walk-In Closet(s): Yes

Exterior Features

  • Roof: Metal
  • Acres: 0.29
  • Home Warranty: No
  • Construction Type: Log Siding
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Window Features:Window Treatments: Yes
  • Construction Materials:Log Siding: 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

  • Cooling: Central Air, Electric
  • Heating: Central
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 12632.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 094 031.07
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Oct 20, 2021
Sold by
Rahe David and Rahe Melinda
Bought by
Vemulapalli Varun and Meka Sirisha
Seller's Agent
Janet Giffee
eXp Realty, LLC 7720
Buyer's Agent
Susan Smith
TN Smoky Mtn Realty
List Price
$439,900
Sold Price
$439,000
Premium/Discount to List
-$900
-0.2%
Current Estimated Value
$448,959

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,959
Avg. Annual Appreciation
2.36%
Original Mortgage
$395,100
Outstanding Balance
$365,320
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$114,853
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
Vemulapalli Varun $439,000 Smoky Mountain Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vemulapalli Varun $395,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2022 01/23/22 Off Market $439,000 -- --
10/25/2021 10/25/21 Sold $439,000 -0.2% $457 / Sq Ft
08/02/2021 08/02/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $439,900 +69.3% $458 / Sq Ft
12/10/2020 12/10/20 Off Market $259,900 -- --
09/11/2020 09/11/20 Sold $259,900 0.0% $271 / Sq Ft
05/26/2020 05/26/20 For Sale $259,900 -- $271 / 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 $990 $96,320 $14,000 $82,320
2023 $1,585 $96,320 $0 $0
2022 $990 $60,200 $8,750 $51,450
2021 $990 $60,200 $8,750 $51,450
2020 $0 $60,200 $8,750 $51,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 244169

Great Smoky Mountains Association of REALTORS®

APN: 078094 03107