$140,000
$149,900
6.6%For more information regarding the value of a property, please contact us for a free consultation.
1.29 Acres Lot
SOLD DATE : 05/12/2022
Key Details
Sold Price $140,000
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
Subdivision Timber Ridge Cabins
MLS Listing ID 248575
Sold Date 05/12/22
HOA Fees $50/ann
HOA Y/N Yes
Originating Board Great Smoky Mountains Association of REALTORS®
Annual Tax Amount $229
Tax Year 2019
Lot Size 1.290 Acres
Acres 1.29
Property Description
729 Fox Hollow is a "Fire of 16" fire loss lot being offered on the market with a unique twist. The unique twist is Timber Ridge being a community of antique log homes that represent cabins built by early pioneers but with the modern conveniences demanded today. Cultural heritage blends with a great Gatlinburg location combined with high speed internet availability to provide potential solid rental returns. Buyers are to read the restrictions to understand details about a certain percentage of the cabin required to be constructed out of heirloom logs or the potential to source "retro" hand hewed logs. Buyers are encouraged to tour Timber Ridge Community to see examples of the type of construction required and to ascertain the potential of 729 Fox Hollow. In fact, Timber Ridge Community attained national attention via the DIY Network's Barn Builders "Out of the Ashes" episode. The cabin featured is 813 Old New Ground Road. What 729 Fox Hollow offers buyers is an existing 2-bedroom septic system and an existing well for your inspection. In addition, the property has flat and expansive parking area to ease construction staging. The old house seat is apparent and so is the view off what would once again be a back deck. The view is towards Mt Harrison with Blanket and Sugarland Mountains in the Smokies also visible. Another attractive feature is the route from Beech Branch over the hill via E Kings Ridge Road to reach the Dudley Creek Bypass, a favorite local route that avoids congested roads. This connection makes the location convenient to Highway 321/ East Parkway from the "Spur/ HWY 441". Realtors are encouraged to share HOA contact information plus HOA building regulations with clients to determine if a non-cookie cutter approach to an overnight rental, second home or owner-occupied residence is the correct option. The documents are uploaded in the Associated document section of the listing. HOA fees are $600/yearly. With the current lack of inventory on the Gatlinburg market for short termm rental use, 729 Fox Hollow is a value property worthy of consideration. Please have a look and decide if the Timber Ridge Community is the right choice for your investment future.
Location
State TN
County Sevier
Zoning R-1
Direction From Gatlinburg, take the \"Spur \"north to a right on Beech Branch Rd. Travel Beech Branch 1.1 mi. to entrance of Timber Ridge. From the Duck Pond veer left traveling uphill to 729 Fox Hollow on the left. The flat parking area will be obvious. The entry section of the drive is clear to park. However, walking to the house seat is required at this time due to fallen trees.
Exterior
Utilities Available Cable Available, High Speed Internet Available
Amenities Available Other
Waterfront No
View Y/N Yes
View Mountain(s)
Street Surface Paved
Road Frontage County Road
Building
Lot Description Mountainous, Rolling Slope, Wooded
Sewer Septic Tank, Septic Permit On File, None
Water Well
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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