2570 Herb Ownby Way, Sevierville, TN 37862

$4,430,000
Property Type: Land Lot Size (sq. ft.): 6,202,944 Status: Closed
Current Price: $4,430,000 List Date: 7/16/2022 Last Modified: 9/10/2024

Overview

Description

142 acres of beautiful rolling land with fantastic views of Cove Mountain and Wears Valley. Excellent location for family farm or subdivision on the Pigeon Forge side of Wears Valley. 750 feet of frontage on Valley View Road plus another 330 feet on Little Cove Road. Public water available at Little Cove Rd. Pristine Cove Creek plus several feeder streams on the property with only a small portion of the property in floodplain. Preliminary development plans for 80 unit subdivision available. Approximately 80 acres pasture and 60 acres wooded. Several houses and barns on the property that may, or may not, be salvageable. Some of the photos were shot from a Drone.

Listing Details MLS# 251951

General Property Information

Lot Size Acres
142.4
Sign On Property YN
Yes
View YN
Yes
List Price/Acre
31601.12
Sold Price/Acre
31109.55

Property Features

Listing Terms: Cash; Conventional Lot Features: Cleared; Flood Plains; Rolling Slope; Wooded Other Structures: Barn(s); Outbuilding Possession: Close Of Escrow Possible Use: Manufactured Home; Single Family Road Frontage Type: County Road Road Surface Type: Paved Sewer: Septic Needed Utilities: High Speed Internet Available View: Mountain(s) Water Source: Public; Well Waterfront Features: Creek; Stream Showing Requirements: Call Listing Agent

Location Tax and Legal

Street Number
2570
Street Name
Herb Ownby
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37862
Property Sub Type
Farm
MLS Area Major
Wears Valley
Subdivision Name
Other

Contract Information

Original List Price
4500000
Listing Contract Date
2022-07-16
Owner Name
Wu Ventures I LLC
Association YN
No

Remarks and Miscellaneous

Public Remarks
142 acres of beautiful rolling land with fantastic views of Cove Mountain and Wears Valley. Excellent location for family farm or subdivision on the Pigeon Forge side of Wears Valley. 750 feet of frontage on Valley View Road plus another 330 feet on Little Cove Road. Public water available at Little Cove Rd. Pristine Cove Creek plus several feeder streams on the property with only a small portion of the property in floodplain. Preliminary development plans for 80 unit subdivision available. Approximately 80 acres pasture and 60 acres wooded. Several houses and barns on the property that may, or may not, be salvageable. Some of the photos were shot from a Drone.
Directions
Wears Valley Road to Valley View Road. Gravel access drive will be on left one block from Wears Valley Rd

Status Change Information

Major Change Timestamp
2022-10-28T06:47:27Z
Major Change Type
Status Change
Status Change Timestamp
2022-10-28
Purchase Contract Date
2022-07-20
Close Date
2022-10-28
Close Price
4430000
Buyer Financing
Conventional
Anticipated Closing Date
2022-10-28

More Information

Land Details

Pasture Area
80
Wooded Area
62

Road Frontage Type

Road Frontage Length
1080'
County Road
Yes

Showing Requirements

Showing Instructions
Call agent with questions or to schedule access, 865-307-0173. Guided tours on side-by-side provided with notice.
Call Listing Agent
Yes

Location, Tax, and Legal

Restrictive Covenants YN
No
Zoning
R-1
Zoning Entity
Sevier County
Parcel Number
114 061.00
Tax Lot
809.02/2
Book/Page/Doc #
5877, 1521032300
Tax Annual Amount
594.59
Tax Year
2021

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Cleared
Yes
Flood Plains
Yes
Rolling Slope
Yes
Wooded
Yes

Other Structures

Barn(s)
Yes
Outbuilding
Yes

Possession

Close Of Escrow
Yes

Road Surface Type

Paved
Yes

Sewer

Septic Needed
Yes

Utilities

High Speed Internet Available
Yes

View

Mountain(s)
Yes

Water Source

Public
Yes
Well
Yes

Waterfront Features

Creek
Yes
Stream
Yes

Possible Use

Manufactured Home
Yes
Single Family
Yes

Septic Approved/Permit

None
Yes
Listing Office: Re/Max First
Last Updated: September - 10 - 2024
Information deemed reliable but not guaranteed.