$835,000
$795,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
3 Baths
2,500 SqFt
SOLD DATE : 01/06/2022
Key Details
Sold Price $835,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $334
Subdivision Ravens Den
MLS Listing ID 246014
Style Cabin
Bedrooms 3
Full Baths 3
Year Built 1997
Annual Tax Amount $913
Tax Year 2019
Lot Size 0.860 Acres
Property Description
With $132,000 of Projected Overnight Rental Income for 2022 and sleeping up to 14 people with 3 bedrooms on the main level and 2 bonus rooms set up as sleeping quarters on the ground level, this Wears Valley cabin, located in one of the most sought after areas in the Great Smoky Mountains, just east of Pigeon Forge and north of Gatlinburg, is one of the best ROI (return on investment) cabin property opportunities available for sale in East Tennessee. For those looking for a large cabin with a high earning overnight rental potential to take advantage of the over 12 million tourists coming through the region each year... or for those looking for a quite private home or vacation cabin nestled in the hills of the Smokies in which to hang their hat, this cabin suits both types of buyers. Close to hiking trails, fishing, great restaurants, shopping and everywhere you want to be but far enough from the hustle and bustle of the visiting tourists, this is the perfect private cabin for those looking for their own piece of paradise here in the Smokies. Polished timber tongue and groove floors to the main living area, vaulted ceiling, gourmet kitchen, stainless steel appliances, wood burning fireplace, two huge full length decks with private walk-outs, mountain views, two living areas, heaps of storage space and the beauty of nature surrounds this fantastic cabin. Check out the walk-through video posted online which features an interview with the Seller and get a glimpse of the autumn leaves and mountain views. This has been a private home since 2013 and only being sold due to the Sellers now being empty-nesters and the cabin simply too big for their future needs. What an excellent opportunity for a new owner to take over, set up and furnish in their own taste and style. Note that there is no HOA and the projected income report is available upon request.
Location
State TN
County Sevier
Zoning R-1
Rooms
Other Rooms true
Dining Room true
Kitchen true
Interior
Heating Central, Electric, Heat Pump
Cooling Central Air, Electric, Heat Pump
Flooring Wood
Fireplaces Number 1
Fireplaces Type Wood Burning
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Garage Driveway, Garage Door Opener, Paved, RV Access/Parking
Garage Spaces 1.0
Waterfront No
View Y/N Yes
View Mountain(s)
Roof Type Composition
Building
Lot Description Private, Wooded
Foundation Slab
Sewer Septic Tank, Septic Permit On File
Water Shared Well
Structure Type Frame,Wood Siding
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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Agent | License ID: 354366
308 N PETERS RD. STE 225, KNOXVILLE, TN, 37922, United States