$775,000
$755,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
4 Baths
2,650 SqFt
SOLD DATE : 03/16/2022
Key Details
Sold Price $775,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 2,650 sqft
Price per Sqft $292
MLS Listing ID 1179073
Sold Date 03/16/22
Style Cabin,Chalet
Bedrooms 7
Full Baths 3
Half Baths 1
Originating Board East Tennessee REALTORS® MLS
Year Built 2007
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 75X98.84
Property Description
This is a beautiful lakefront cabin near Flat Hollow Marina featuring 7 Bedrooms, 3 ½ baths, multi-level decks, and a single slip covered dock with year-round water access. Paved parking area. This home has exceptional rental income (Gross - $67k 2019, $78k 2020, and $72k for 2021), with November & December rentals on the books offering immediate income for a new owner. The current owner uses the property 4 to 5 times during typical prime rental season (May through September), so there is additional rental income upside of $10k to $15k if this is used as a pure investment. The home is currently listed on VRBO ID#1602990 and is a Premier listing with 49 reviews and 4.9 out of 5 stars. This is a turn-key investment opportunty.
Location
State TN
County Campbell County - 37
Area 0.17
Rooms
Other Rooms Basement Rec Room, LaundryUtility, Extra Storage, Great Room, Mstr Bedroom Main Level
Basement Crawl Space, None
Interior
Interior Features Cathedral Ceiling(s), Pantry, Walk-In Closet(s), Eat-in Kitchen
Heating Central, Heat Pump, Electric
Cooling Central Cooling
Flooring Carpet, Vinyl, Tile
Fireplaces Type None, Other
Fireplace No
Appliance Dishwasher, Dryer, Smoke Detector, Refrigerator, Microwave, Washer
Heat Source Central, Heat Pump, Electric
Laundry true
Exterior
Exterior Feature Deck, Dock
Parking Features On-Street Parking, Designated Parking
Garage Description On-Street Parking, Designated Parking
View Country Setting, Wooded, Lake
Garage No
Building
Lot Description Private, Lakefront, Lake Access, Wooded, Rolling Slope
Faces GPS 144 Flat Lake Marina Rd Speedwell Tn. I-75 N to exit 134 toward Jacksboro. Follow US-25W N/I-75ALT N and TN-63 E to Mercury Dr in Speedwell turn RT, turn Lt onto Old Middlesboro Hwy then Rt onto Falt Hollow Rd to Flat Lake Cir Rt home will be on Lt.
Sewer Other
Water Public
Architectural Style Cabin, Chalet
Structure Type Vinyl Siding,Wood Siding,Cedar,Frame
Others
Restrictions No
Tax ID 079O B 002.14 000
Energy Description Electric
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