2 months on rocket

2536 Newport Hwy, Sevierville, TN, 37876

$720,000

Home List Price

$8,550*

Closing Credit

0 Baths
6,076 SqFt
$119/SqFt
House

Location

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2536 Newport Hwy, Sevierville$720,000

Buyer Closing Credits

$8,550*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingOff-Street Parking
Year Built1977
HeatingCentral, Electric
CoolingCentral Air
MLS #1277792
StatusActive

About 2536 Newport Hwy

Rare opportunity for a great value add, or income producing property in a very convenient location in Sevierville, TN. This property features 1.47 acres, with 5 property-owned manufactured homes, and a 3-bedroom 2-bath site-built house. There is room for expansion and additions, while enjoying road frontage on one of the most traveled roads in Sevier County, along with rents being below market rent, creating an opportunity for short-term growth. Investment Highlights; Over 13 Million visitors to the area as of 2023. Located conveniently to the local attractions, and large employment sites. High traffic road frontage, with over 14,000 cars daily. Property owns all homes on site. Immediate opportunity to increase income.

Property Details

Property Features

Property Information:

  • Year Built: 1977
  • Living Area: 6,076 SqFt

Listing Office:

  • Office Name: MG Rise Real Estate Group
  • Office Phone: (865) 968-7473

Interior Features

Interior Information:

  • Flooring Type: Laminate, Carpet

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Off-Street Parking

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Turn off of Newport Highway to 2536 Newport Highway.

Price Information

Listing Price Info

Price Summary:

  • List Price: $720,000
  • Price Per SqFt: $119/SqFt

Tax Information:

  • Annual Amount: $387
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sevierville, TN.

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Sevierville, TN

City

Med. Sold Price

$475K

Med. Price/SqFt

$278

Avg. Days On Market

69

# of Sold Homes

39

2536 Newport Hwy vs Sevierville

87 DAYS ON ROCKET

+18 Days

$720,000

+$245K More

$119/SqFt

-$160 Less

KEY TAKEAWAY

This property is $245K more than the Median Sold Price and $160/SqFt less than other homes in Sevierville, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1277792

Listing Office:

  • Office Name: MG Rise Real Estate Group
  • Office Phone: (865) 968-7473

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' 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 may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/23/2024, 8:21:07 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$387$27,775
2019$387$20,825
2018$387$20,825
2017$387$20,825

History based on county public records data.

Payment Calculator

$3,661

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,225

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1163225
5
/10

  • Catons Chapel Elementary School

  • 3135 Catons Chapel Rd

  • 5.81 miles

  • Public District Grades PK-6

school-card-donut-1163226
2
/10

  • Sevierville Intermediate School

  • 416 High St

  • 6.17 miles

  • Public District Grades 3-5

school-card-donut-1163227
5
/10

  • Catlettsburg Elementary School

  • 1409 Catlettsburg Rd

  • 7.12 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $41,750. Most Sevierville, TN residents have annual incomes between $35k-100k. Typical family type is married, with kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Living In Sevierville, TN

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Sevierville, TN?

Sevierville's housing market is diverse, offering a mix of residential options that cater to a range of preferences. Single-family homes are prevalent, making up a significant portion of the housing stock, with architectural styles that include rustic cabins, contemporary designs, and traditional brick homes. The market also features condominiums and townhouses, providing alternatives for those seeking a more communal living experience or lower maintenance properties. The area has seen a variety of development phases, with many homes dating back to the late 20th century, reflecting the town's growth during that period.

Is Sevierville, TN a good place to live?

Sevierville is celebrated for its small-town charm and proximity to natural attractions, including the Great Smoky Mountains National Park. The community prides itself on a family-friendly atmosphere and a strong sense of local heritage, with annual events that showcase regional music, crafts, and cuisine. The town's character is further enriched by its historical sites and the presence of local businesses that contribute to its unique identity.

Are things conveniently located in Sevierville, TN?

The community is served by a network of public schools, including several elementary, middle, and high schools, as well as private educational institutions that offer alternative learning environments. Healthcare services are accessible, with local clinics and a hospital that provides emergency care, outpatient services, and specialized medical treatments. Sevierville also boasts a public library system that supports lifelong learning and community engagement. Retail and dining options are abundant, ranging from local boutiques and eateries to well-known chains, reflecting both the town's culture and its appeal to visitors.

What does the transportation in Sevierville, TN look like?

Transportation in Sevierville includes a variety of options for residents and visitors. The town's layout facilitates private vehicle use, with a network of roads connecting to major highways for convenient regional travel. Public transportation services are available, offering routes that connect key areas of the town and surrounding attractions. The community's walkability varies by area, with the downtown district being particularly pedestrian-friendly. Ride-sharing services are operational in Sevierville, providing an alternative mode of transport for those without access to a private vehicle.

Frequently Asked Questions About 2536 Newport Hwy

What is the listing price of this property?

The listing price of 2536 Newport Hwy property is $720,000.

What type of property is this?

The property 2536 Newport Hwy is a house located in Sevierville, Tennessee, 37876.

Is this property for sale now?

Active Listing: 2536 Newport Hwy is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $387 (source: MLS/based on county public records data).

What is the square footage of this property?

The property 2536 Newport Hwy is 6,076 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 2536 Newport Hwy is 1977.

Rocket Homes›Tennessee›Sevier County›Sevierville›37876›2536 Newport Hwy

This home is located at 2536 Newport Hwy in Sevierville, TN and zip code 37876. This 6,076 square foot home was built in 1977. It has been listed on Rocket Homes since September 26, 2024 and is currently priced at $720,000.

Sevierville, TN housing market in November 2024 saw over 5 listings sold above listed price, more than 10 sold at listed price and over 24 sold below. The number of listings in Sevierville, TN increased by 7.4% between October 2024 and November 2024. Listings spent 69 days on the market in November 2024, and had a median list price of $475,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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