$10,000 Closing Credit¹
#1283704, Listing Office: Park + Alley
1940 Wears Valley Rd Sevierville, TN 37862
$3,689,900 List price
7 beds
13 full, 3 partial
10,578 sqft
20.6 acres
$349 / sqft
House
Property details
About 1940 Wears Valley Rd
MOTIVATED SELLER!!! PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! **Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR
Highlights
Home typeSingle Family Residence
HeatingCentral, Heat Pump
StatusActive
CoolingCentral Air
Size10,578 sqft
BasementYes
Lot size20.6 Acres
Year built1990
ParkingOff Street
MLS #304220
Summary
- MLS Number: 304220
- MLS Name: GreatSmokyMountains
- Office Name: Tennessee Elite Realty
- Office Phone: (865) 280-4922
Copyright Great Smoky Mountains Association of REALTORS ® & MLS. All rights reserved. Information is deemed reliable but not guaranteed. The information being provided is 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/8/2025, 1:15:57 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$3,689,900
1940 Wears Valley Rd
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Sep 27, 2017 | Home Sold | $1,200,000 |
| Dec 01, 2004 | Home Sold | $642,500 |
| May 19, 1993 | Home Sold | $18,500 |
| Nov 29, 1989 | Home Sold | $50,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $533,400 | $5,967 |
| 2022 | $349,100 | $5,967 |
| 2021 | $349,100 | $5,967 |
| 2020 | $403,200 | $5,967 |
| 2019 | $231,225 | $4,301 |
| 2018 | $231,225 | $4,301 |
| 2017 | $231,225 | $4,301 |
History based on county public records data.
Nearby schools
3
Pigeon Forge Primary School
Public District PK-3
1.4 mi
•1766 Waldens Creek Rd
2
Sevierville Intermediate School
Public District 3-5
7.2 mi
•416 High St
4
Pi Beta Phi Elementary School
Public District PK-6
7.3 mi
•125 Cherokee Orchard Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,267. Typical income of Sevierville, TN residents is between $35k-100k annually. Residents typically live in married, no kids family. Most residents in this area have high school diploma education.
How much money do the neighbors make?
33%
<35k
49%
35k-100k
15%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
36%
Single, No Kids
7%
Single, with Kids
39%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
7%
12-17 yrs old
14%
18-34 yrs old
47%
35-64 yrs old
21%
65+ yrs old
What do the neighbors do for fun?
Hunting
NASCAR
Pro Wrestling
Where do the neighbors shop?
Wal-Mart
Bass Pro Shops
Dollar General
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
Ram
GMC
Chevrolet
What do the neighbors listen to?
Classic Country
New Country- Country
All data provided by Home Junction and Claritas
Similar homes for sale
Video tour
$10,000 Closing Credit¹
#303864, Listing Office: Century 21 Legacy GP
$10,000 Closing Credit¹
#303219, Listing Office: Your Home Sold Guaranteed Real
$10,000 Closing Credit¹
#1283771, Listing Office: Epique Realty
$10,000 Closing Credit¹
#303234, Listing Office: Your Home Sold Guaranteed Real
$10,000 Closing Credit¹
#1259469, Listing Office: Regal Real Estate TN, LLC
$10,000 Closing Credit¹
#1274837, Listing Office: Crye-Leike Realtors South, Inc.
Frequently asked questions
Living in Sevierville, TN
About 1940 Wears Valley Rd
This home is located at 1940 Wears Valley Rd in Sevierville, TN and zip code 37862. This 10,578 square foot home, which was built in 1990, sits on a 20.60 acre lot. Features: 7 bedrooms, 16 bathrooms. It has been listed on Rocket Homes since January 9, 2025 and is currently priced at $3,689,900.
In January 2025 more than 5 listings in Sevierville, TN were sold above the asking price. During the same period more than 10 listings were sold at asking price, while more than 37 were sold below. The number of listings in Sevierville, TN increased by 12.4% between December and January 2025. The median list price of listings available in January 2025 was $499,480, while the average time on the real estate market was 77 days.
From Rocket Homes Real Estate and based on county public records data.