NOT LISTED FOR SALE

638 River Divide Rd Sevierville, TN 37876

Estimated Value: $626,519

7 Beds
4 Baths
3,600 Sq Ft
$174/Sq Ft Est. Value

Last Sold November 18, 2021

Last sale price $518,750 $144 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $3,422/month

129 Days on Market

Highlights

  • No HOA
  • Window Unit Cooling System
  • Heat Pump System
  • Gatlinburg Pittman High School Rated A-
  • Patio

About This Home

As of November 2021

Great investment opportunity! 4 plex centrally located within minutes to Pigeon Forge and Sevierville. 3 units are 2bd/1ba and the other is 1bd/1ba. Owner currently rents them out as weekly rentals. Income for 2020 was $57,000! There is a central laundry area for the tenants to use

Last Agent to Sell the Property

Merita Gregory

Mountain Home Realty License #296820 Listed on: 04/23/2021

Last Buyer's Agent

Merita Gregory

Mountain Home Realty License #296820 Listed on: 04/23/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $812

Year Built

  • Built in 1989

Lot Details

  • 0.81 Acre Lot
  • Property fronts a county road

Home Design

  • 3,600 Sq Ft Home
  • Quadruplex
  • Vinyl Siding

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Heat Pump System
  • Well
  • Septic Tank

Additional Features

  • Range
  • Patio

Listing and Financial Details

  • Tax Lot 1

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $57,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$812

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1989
  • Zoning: R-1
  • Reso Property Sub Type: Quadruplex
  • Road Frontage Type: County Road
  • Co List Office Mls Id: 792
  • Garage Yn: No
  • Location Tax and Legal Tax Lot2: 1
  • Location Tax and Legal:Tax Annual Amount: 811.7
  • Location Tax and Legal Tax Year2: 2020
  • General Property Information Lot Size Acres: 0.81
  • General Property Information Bonus Room YN2: No
  • General Property Information Home Warranty YN: No
  • Road Frontage Type County Road: Yes
  • Water Source:Well: Yes
  • General Property Information Number Of Units Total2: 4.0
  • 2 Bedroom Unit Details PatioPorch2: Yes
  • Cooling:Window Unit(s): Yes
  • 1 Bedroom Unit Details PatioPorch: Yes
  • 1 Bedroom Unit Details Range: Yes
  • 3 Bedroom Unit Details PatioPorch3: Yes
  • 3 Bedroom Unit Details Range3: Yes
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Street Number Modifier: 638
  • Full Bathrooms: 4
  • Total Bedrooms: 7

Exterior Features

  • Acres: 0.81
  • Home Warranty: No
  • Construction Type: Vinyl Siding
  • Construction Materials:Vinyl Siding: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Window Unit(s)
  • Heating: Electric, Heat Pump
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Well
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 35283.6
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2020
  • Tax Annual Amount: 811.7
  • Tax Lot: 1

Multi Family

  • Number Of Units Total: 4
  • Annual Gross Income: 57200.0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
Nov 18, 2021
Sold by
Hughes Bobby C and The Bobbys C Hughes Jr Revocab
Bought by
Shah Rupal
Seller's Agent
Merita Gregory
Mountain Home Realty
Buyer's Agent
Merita Gregory
Mountain Home Realty
List Price
$579,900
Sold Price
$518,750
Premium/Discount to List
-$61,150
-10.54%
Current Estimated Value
$626,519

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$107,769
Avg. Annual Appreciation
4.99%
Original Mortgage
$400,000
Outstanding Balance
$366,531
Interest Rate
2.99%
Mortgage Type
Commercial
Estimated Equity
$259,988

Purchase Details

Listed on
Jun 16, 2014
Closed on
Oct 17, 2014
Bought by
Hughes Bobby C Jr Trustee
Seller's Agent
Gary Gibson
Prime Mountain Properties
Buyer's Agent
Gary Gibson
Prime Mountain Properties
List Price
$259,000
Sold Price
$205,500
Premium/Discount to List
-$53,500
-20.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.95%
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
Shah Rupal $518,750 None Available
Hughes Bobby C Jr Trustee $205,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shah Rupal $400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/16/2022 02/16/22 Off Market $518,750 -- --
11/18/2021 11/18/21 Sold $518,750 0.0% $144 / Sq Ft
09/11/2021 09/11/21 Off Market $518,750 -- --
08/31/2021 08/31/21 Pending -- -- --
07/08/2021 07/08/21 Off Market $518,750 -- --
06/30/2021 06/30/21 Price Changed $579,900 0.0% $161 / Sq Ft
06/30/2021 06/30/21 For Sale $579,900 +11.8% $161 / Sq Ft
04/28/2021 04/28/21 Off Market $518,750 -- --
04/27/2021 04/27/21 For Sale $599,990 +15.7% $167 / Sq Ft
04/24/2021 04/24/21 Off Market $518,750 -- --
04/23/2021 04/23/21 For Sale $599,990 +192.0% $167 / Sq Ft
01/15/2018 01/15/18 Off Market $205,500 -- --
10/17/2014 10/17/14 Sold $205,500 -20.7% $20,550 / Sq Ft View Prior Sale
10/03/2014 10/03/14 Pending -- -- --
06/16/2014 06/16/14 For Sale $259,000 -- $25,900 / 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 $1,053 $71,160 $7,440 $63,720
2024 $1,053 $71,160 $7,440 $63,720
2023 $1,053 $71,160 $0 $0
2022 $1,053 $71,160 $7,440 $63,720
2021 $582 $71,160 $7,440 $63,720
2020 $812 $39,320 $7,440 $31,880
2019 $812 $43,640 $7,440 $36,200
2018 $812 $43,640 $7,440 $36,200
2017 $812 $43,640 $7,440 $36,200
2016 $812 $43,640 $7,440 $36,200
2015 -- $39,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Merita Gregory

    Seller's Agent in 2021

    Merita Gregory

    Mountain Home Realty

    (865) 712-5841

    91 in this area

    144 Total Sales

    Merita Gregory
    Section Image

  • M

    Buyer Co-Listing Agent in 2021

    MISSY WAGNER

    Mountain Home Realty

    (865) 660-2332

    48 in this area

    79 Total Sales

    MISSY WAGNER
    Section Image
  • Gary Gibson

    Seller's Agent in 2014

    Gary Gibson

    Prime Mountain Properties

    (865) 898-1243

    55 in this area

    78 Total Sales

    Gary Gibson
    Section Image
See All Agents

Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 242057

Great Smoky Mountains Association of REALTORS®

APN: 060-090.02

Tennessee Sevier County Sevierville 37876

638 River Divide Rd, Sevierville, TN

This home is located at 638 River Divide Rd, Sevierville, TN 37876 since 23 April 2021 and is currently estimated at $626,519, approximately $174 per square foot. This property was built in 1989. 638 River Divide Rd is a home located in Sevier County with nearby schools including Northview Elementary School, Catons Chapel Elementary School, and Jones Cove Elementary School.

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Great Smoky Mountains Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed. Copyright 2025 Great Smoky Mountains Association of REALTORS®. All rights reserved.

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