1520 Rainbow Ridge Way

Closed 10/22/21

Last Sold Price

$975,000

7 beds8 baths3,236 sqft$301/sqft

1520 Rainbow Ridge Way, Sevierville, TN 37862

Description

Location! Huge, income producing cabin with amazing location. This 7 bedroom 7 1/2 bath cabin is just a short drive off of the Parkway near the Tanger shopping outlets. Gross earnings of $94k already on the books for 2021. Walking into the main level you are welcomed with tall cathedral ceilings, open concept living room and kitchen, and 2 Master Suites. Downstairs is a party paradise with 2 master suites, 1 bunk room suite, and a fully equipped game room. Upstairs will be 2 additional Master Suites....Location! Huge, income producing cabin with amazing location. This 7 bedroom 7 1/2 bath cabin is just a short drive off of the Parkway near the Tanger shopping outlets. Gross earnings of $94k already on the books for 2021. Walking into the main level you are welcomed with tall cathedral ceilings, open concept living room and kitchen, and 2 Master Suites. Downstairs is a party paradise with 2 master suites, 1 bunk room suite, and a fully equipped game room. Upstairs will be 2 additional Master Suites. The cabin can sleep 20 guests on the rental program. The cabin grossed $85k in 2019 and $66k in 2020 (multiple cancellations due to COVID). With the size, amazing location, and established rentals, this cabin is sure to make a great addition to your portfolio.

LISTING CLOSED: 10/22/2021 12:00 AM

Listed by Danielle Henderson • Tennessee Mountain Real Estate
Listed by hendersontnhomes@gmail.com, Noah Henderson • Tennessee Mountain Real Estate

Property Details for 1520 Rainbow Ridge Way

Status

Closed

MLS #

1156867

Days on Market

Taxes

$1,447 / year

HOA Fees

$100 / month

Condo/Co-op Fees

Property Type

Single Family

MLS Type

Single Family / Residential

Year Built

2006

Lot Size

0.01 AC / 435 SF

County

Sevier County

Architectural Style

Cabin

Sub division Name

Rainbow Ridge

View

Country Setting

Style Cabin

True

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Location

Homepage
TN
Sevier County
Sevierville
37862
1520 Rainbow Ridge Way

Listing Courtesy of Tennessee Mountain Real Estate, Danielle Henderson; Tennessee Mountain Real Estate, hendersontnhomes@gmail.com, Noah Henderson (865.406.3756)

Sold By Non-Member Office, Non Member Non Member

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Building Information for 1520 Rainbow Ridge Way

Stories-Year Built2006Building Size-Lot Size0.01 AC / 435 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage¹

$5,176 per month

30 year fixed, 6.55% Interest

Principal and Interest

$4,956

Property Taxes

$121

HOA Dues

$100

The Payment Calculator is for illustrative purposes only.

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Property Information for 1520 Rainbow Ridge Way

Summary

Location and General Information

City: Sevierville
County Or Parish: Sevier County - 27

Directions: From Downtown Sevierville, TN Take Veterans Blvd and Ridge Rd to Rainbow Rd 8 min (4.3 mi) Continue on Rainbow Rd. Drive to Rainbow Ridge Way 2 min (0.6 mi) Arrive at 1520 Rainbow Ridge Way Sevierville, TN 37862
Latitude: 35.828513
Longitude: -83.559408
MLS Area Major: Sevier County - 27
MLS Area Minor: Sevier County - 27
Postal Code: 37862
State Or Province: TN
View Country Setting: True
Location Tax Legal Info Area: Sevier County - 27
Remarks Misc Directions: From Downtown Sevierville, TN Take Veterans Blvd and Ridge Rd to Rainbow Rd 8 min (4.3 mi) Continue on Rainbow Rd. Drive to Rainbow Ridge Way 2 min (0.6 mi) Arrive at 1520 Rainbow Ridge Way Sevierville, TN 37862
Topography Level: True

Parking

Attached Garage: No
Parking Features: Designated Parking

Atchd Dtchd Type Detached: True
Garage Parking Designated Parking: True

Taxes and HOA Information

Association Fee: 100.0
Association Fee Includes: Grounds Maintenance

Association: true
Association Fee Frequency: Monthly
Parcel Number: 072K D 001.00 006
Association Fee Incl Grounds Maintenance: True
Location Tax Legal Info Total Tax: 1447.08
General Property Description HOA Fee: 100.0
General Property Description HOA Freq: Monthly
General Property Description HOA Contact: (607) 423-6345
General Property Description HOA: Mandatory

Virtual Tour

Virtual Tours Count: 0

Property

Lot Information

Lot Size Area: 0.01
Lot Size Units: Acres

Lot Size Square Feet: 435.6
Year Built: 2006
Lot Features: Zero Lot Line
Building Area Total: 3236.0
Living Area Source: Owner
Lot Size Acres: 0.01
Lot Size Source: Owner
General Property Description SqFt - Main Lvl: 1280.0
General Property Description SqFt - Down Lvl: 1280.0
General Property Description SqFt - 2nd Flr Lvl: 676.0
General Property Description SqFt - 3rd Flr Lvl: 0.0
General Property Description SqFt - Source: Owner
General Property Description Acres: 0.01
General Property Description Acre Source: Owner
General Property Description Site Built: Yes
Lot Description Level: True
Lot Description Zero Lot Line: True

Property and Assessments

Possession: Negotiable
Property Attached: No

Property Type Label: Single Family
Floor Plans Count: 0
Property Type: Single Family
Property Sub Type: Residential
Possession Negotiable: True

Utilities

Fuel Electric: True
Misc Features Internet Available: True

Sewer Public Sewer: True
Water Public: True

Interior and Exterior Features

Exterior Features

Exterior Features: Porch - Covered, Balcony, Deck
Construction Materials: Log

Siding Log: True
Community Amenities Lawn Care: True
Exterior Features Balcony: True
Exterior Features Deck: True
Exterior Features Porch - Covered: True

Interior Features

Beds Total: 7
Baths Full: 7

Baths Half: 1
Cooling: Central Cooling
Fireplaces Total: 4
Fireplace: Yes
Bathrooms Total Integer: 8
Cooling Details: Yes
Kitchen Appliances: Washer, Dishwasher, Dryer, Microwave, Refrigerator
Basement: Yes
Heating Details: Central
Flooring: Hardwood, Laminate, Carpet
Heating: Yes
Heating Central: Yes
Fireplace Gas Log: True
Cooling Central Cooling: True
Floors Carpet: True
Floors Hardwood: True
Floors Laminate: True
Basement Finished: True
General Property Description Number of Bedrooms: 7
General Property Description Number of Rooms: 16
General Property Description Fireplace: Yes
General Property Description Number of Fireplace: 4.0
General Property Description Basement: Yes
General Property Description Bonus Room: Yes
General Property Description Extra Storage: No
Heat Central: True
Dining Area KitchenDining Rm Co: True
Appliances Dishwasher: True
Appliances Dryer: True
Appliances Microwave: True
Appliances Range: True
Appliances Refrigerator: True
Appliances Washer: True
Other Rooms 2nd Rec Room: True
Other Rooms Basement Rec Room: True
Other Rooms Family Room: True
Other Rooms Laundry Utility: True
Other Rooms Mstr Bdrm Main Level: True
Other Rooms OfficeBR Main Level: True
Misc Features Cathedral Ceiling: True
Misc Features Hot Tub: True

Room Information

Room

Rooms Total: 16

Rental

Rent Information

General Property Description Restrictions: Yes
Tenant Expenses Cooling: Central Cooling

Tenant Expenses Heating: Central

Property History for 1520 Rainbow Ridge Way

Date	Event & Source	Price	Appreciation
Oct 22, 2021	Closed KAARMLS #1156867	$975,000	—
Oct 21, 2021	Closed (Public Record) Public Record #1475029036	$975,000	+20.8% / yr
Sep 17, 2021	Contract - Not Showing KAARMLS #1156867		—
Aug 25, 2021	Price Change KAARMLS #1156867	$1,100,000	—
Jun 17, 2021	Listed (Active) KAARMLS #1156867	$999,999	—
Jul 11, 2018	Closed (Public Record) Public Record #628129560	$525,000	+42.1% / yr
Oct 14, 2016	Closed (Public Record) Public Record #580776138	$285,000	—
Oct 14, 2016	Closed KAARMLS #976767	$285,000	—
Sep 5, 2016	Contract - Not Showing KAARMLS #976767		—
Aug 27, 2016	Listed (Active) KAARMLS #976767	$275,000	—
Dec 28, 2006	Withdrawn KAARMLS #513343		—
Jul 26, 2006	Listed (Active) KAARMLS #513343	$699,900	—

Date	Event & Source	Price
10/22/2021	Closed KAARMLS #1156867	$975,000
10/21/2021	Closed (Public Record) Public Record #1475029036	$975,000 +20.8% / yr
09/17/2021	Contract - Not Showing KAARMLS #1156867	—
08/25/2021	Price Change KAARMLS #1156867	$1,100,000
06/17/2021	Listed (Active) KAARMLS #1156867	$999,999
07/11/2018	Closed (Public Record) Public Record #628129560	$525,000 +42.1% / yr
10/14/2016	Closed (Public Record) Public Record #580776138	$285,000
10/14/2016	Closed KAARMLS #976767	$285,000
09/05/2016	Contract - Not Showing KAARMLS #976767	—
08/27/2016	Listed (Active) KAARMLS #976767	$275,000
12/28/2006	Withdrawn KAARMLS #513343	—
07/26/2006	Listed (Active) KAARMLS #513343	$699,900

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1520 Rainbow Ridge Way

Taxable ValueLand$14,000Additions$214,240Total$228,240

Tax Record2025$3,378 ($282 / month)

Home Facts

Beds0Total Finished SqFt4,480 SqFtAbove Grade Finished SqFt3,200 SqFtFinished Basement SqFt1,280 SqFtStories2StyleSingle Family ResidenceYear Built2006ZoningR-2CountySEVIERAPN072K D 00100 006Fireplace TypeHas Fireplace

Schools near 1520 Rainbow Ridge Way

This home is within Sevier County School District.


Rating	School	Type	Grades	Distance
NR	Sevierville Primary School	Public - Choice school	PK to 1	2.0 mi
4/10	Pigeon Forge Middle School	Public - Choice school	7 to 9	2.3 mi
6/10	Pigeon Forge High School	Public - Choice school	10 to 12	2.3 mi
NR	Sevierville Middle School	Public - Choice school	6 to 8	2.3 mi
5/10	Sevierville Intermediate School	Public - Choice school	4 to 6	2.4 mi
NR	Parkway Academy	Public - Choice school	3 to 12	2.5 mi


Rating	School	Distance
NR	Sevierville Primary School PublicPK to 1 Choice school	2.0 mi
4/10	Pigeon Forge Middle School Public7 to 9 Choice school	2.3 mi
6/10	Pigeon Forge High School Public10 to 12 Choice school	2.3 mi
NR	Sevierville Middle School Public6 to 8 Choice school	2.3 mi
5/10	Sevierville Intermediate School Public4 to 6 Choice school	2.4 mi
NR	Parkway Academy Public3 to 12 Choice school	2.5 mi

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

Address	Sold price	Beds	Baths	Sqft	Lot (Sqft)
This home: 1520 Rainbow Ridge Way, Sevierville, TN 37862	$975,000	7	8	3,236	435
0 Rainbow Ridge Way, Sevierville, TN 37862	$4,025,000	–	–	–	1,171,328
1524 Rainbow Ridge Way, Sevierville, TN 37862	$600,000	4	4	2,600	–
1519 Rainbow Ridge Way, Sevierville, TN 37862	$819,900	3	4	2,144	–
1584 Rainbow Ridge Way, Sevierville, TN 37862	$685,000	3	5	2,470	–
1527 Rainbow Ridge Way, Sevierville, TN 37862	$519,900	5	6	2,680	–
1512 Rainbow Ridge Way, Pigeon Forge, TN 37862	–	–	–	–	–
1539 Rainbow Ridge Way, Sevierville, TN 37862	–	–	–	–	–
1544 Rainbow Ridge Way, Sevierville, TN 37862	$805,000	5	5	2,600	435
661 Rainbow Road, Sevierville, TN 37862	–	–	2	1,848	1,524,600
Rainbow Ridge Way, Sevierville, TN 37862	$340,000	–	–	–	1,086,386
1619 J E D Trail, Unit 10, Sevierville, TN 37862	$625,000	2	3	1,758	435
1619 J E D Trail, Unit 11, Pigeon Forge, TN 37862	$198,400	–	4	1,082	–
1619 J E D Trail, Unit 12, Pigeon Forge, TN 37862	$550,000	–	3	1,082	–
1619 J E D Trail, Unit 9, Pigeon Forge, TN 37862	$185,000	–	4	1,082	–
1619 J E D Trail, Unit SITE 13, Sevierville, TN 37862	$141,000	1	3	1,352	–

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Tennessee Mountain Real Estate, Danielle Henderson; Tennessee Mountain Real Estate, hendersontnhomes@gmail.com, Noah Henderson (865.406.3756)

The information is being provided by MTRMLS, Inc. Properties marked with the MTRMLS logo are provided courtesy of the RealTracs Internet Data Exchange Program. Information is believed to be accurate but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 MTRMLS, Inc. All Rights Reserved. Last updated: 04/13/2022 11:26 PM

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