$485,000
$549,000
11.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
2 Baths
800 SqFt
SOLD DATE : 03/14/2022
Key Details
Sold Price $485,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 800 sqft
Price per Sqft $606
Subdivision Wonderland Ridge
MLS Listing ID 243819
Sold Date 03/14/22
Style Cabin
Bedrooms 1
Full Baths 2
HOA Fees $13/ann
HOA Y/N Yes
Abv Grd Liv Area 400
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 2002
Annual Tax Amount $697
Tax Year 2019
Lot Size 1.780 Acres
Acres 1.78
Property Description
New photos added and price recently dropped! Built in 2002, this cozy, 1 bedroom cabin has one of the most breathtaking views in the Smoky Mountains! Projected at $60,000 rental revenue each year, this is an impressive rental investment opportunity. Homeowners currently reside in the property and are completing multiple upgrades including new decking, brand new HVAC, new hot tub, appliances, etc. Multiple trees on the almost 2 acre lot have been cleared to open up the spectacular mountain view. This home sits on a 2 bedroom septic, so potential buyers have the opportunity to greatly expand the square footage and increase the rental revenue exponentially. Additionally, this property owns and operates 2 pump houses in the resort that supply water to it, and 8 other cabins. Sellers collect revenue each month for this service, and potential buyers will be able to continue this and receive the monthly revenue. In addition to the upgrades, this home also has multiple raised garden beds, a yard area large enough for a fire pit, and decks overlooking the mountains. Contact the listing agent to inquire today!
Location
State TN
County Sevier
Zoning R-1
Direction From the Parkway in Pigeon Forge, turn right onto Wears Valley Rd. Continue for 9mi, then turn onto Manis Rd. Turn left onto Ginseng Way, continue onto Ole Smoky Way. Turn right onto Glenview Way. Cabin is marked with a \"3826\" sign.
Exterior
Pool Hot Tub
Waterfront No
Building
Sewer Septic Permit Not Found
Water Well
Architectural Style Cabin
Read Less Info
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