$800,700
$875,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
4 Baths
2,344 SqFt
SOLD DATE : 02/28/2023
Key Details
Sold Price $800,700
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 2,344 sqft
Price per Sqft $341
Subdivision Majestic View
MLS Listing ID 1215565
Sold Date 02/28/23
Style Cottage,Craftsman,Chalet
Bedrooms 3
Full Baths 4
Originating Board East Tennessee REALTORS® MLS
Year Built 2022
Lot Size 1.010 Acres
Acres 1.01
Property Description
Ridiculous Views AND flat ground!? Yes, that is what this property offers. This is a great short term rental opportunity at a great price for a brand new 3 bedroom cabin. With rental projections of $105-$115,000+, this property would make a great addition to your real estate portfolio. Cabin sits on an acre of flat ground and is positioned in such a way to showcase the amazing mountain views from all areas of the cabin. There is also a beautiful stone fire-pit with poly-wood Adirondack chairs for people to enjoy an evening fire while enjoying the beautiful views. The cabin features 4 full bedrooms with ensuite bathrooms, a large kitchen with plenty of cabinet and countertop space along with leathered granite countertops. The living room/great room has cathedral ceilings, floor to ceiling stone fireplace, and a wall of windows to showcase those mountain views. The cabins of Majestic View have no restrictions and there is no HOA. They are on well and septic so the only utility costs are electric and digital services. Very low overhead! This is a great opportunity in this changing market to take advantage of a property that has the potential of generating 11-14+% ROI (gross rent:purchase price).
Location
State TN
County Cocke County - 39
Area 1.01
Rooms
Other Rooms Bedroom Main Level, Great Room, Mstr Bedroom Main Level
Basement Slab
Interior
Interior Features Cathedral Ceiling(s), Eat-in Kitchen
Heating Heat Pump
Cooling Central Cooling, Ceiling Fan(s)
Flooring Hardwood, Tile
Fireplaces Number 1
Fireplaces Type Other, Electric
Fireplace Yes
Appliance Dishwasher, Dryer, Smoke Detector, Refrigerator, Microwave, Washer
Heat Source Heat Pump
Exterior
Exterior Feature Porch - Covered, Deck
Garage Designated Parking, Off-Street Parking
Garage Description Off-Street Parking, Designated Parking
View Mountain View, Country Setting
Parking Type Designated Parking, Off-Street Parking
Garage No
Building
Lot Description Level
Faces From Gatlinburg travel Hwy 321 approx. 20 miles to a left on Ball Park. Ball Park automatically turns into Holders Grove. House is the first on left past County Line Road. From I-40/Newport travel 321 approx. 10 miles to a right on Bal Park. Ball Park automatically turns into Holders Grove. House is the first on left past County Line Road.
Sewer Septic Tank
Water Well
Architectural Style Cottage, Craftsman, Chalet
Structure Type Fiber Cement,Cement Siding,Cedar,Frame,Brick
Others
Restrictions No
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