Pigeon Forge, TN 37863,505 Chickasaw Gap WAY
Pigeon Forge, TN 37863,505 Chickasaw Gap WAY
Pigeon Forge, TN 37863,505 Chickasaw Gap WAY
Pigeon Forge, TN 37863,505 Chickasaw Gap WAY
Pigeon Forge, TN 37863,505 Chickasaw Gap WAY
Pigeon Forge, TN 37863,505 Chickasaw Gap WAY
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Listed by Candace Anger • Brandon Hannah Properties

$750,000

$839,999

10.7%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

5 Beds

5 Baths

2,392 SqFt


SOLD DATE : 06/24/2024

Key Details

Sold Price $750,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 2,392 sqft

Price per Sqft $313

Subdivision Arrowhead Resort

MLS Listing ID 267671

Sold Date 06/24/24

Style Cabin,Log

Bedrooms 5

Full Baths 5

HOA Fees $150/mo

HOA Y/N Yes

Abv Grd Liv Area 1,456

Originating Board Great Smoky Mountains Association of REALTORS®

Year Built 2003

Annual Tax Amount $1,942

Tax Year 2022

Lot Size 4,356 Sqft

Acres 0.1

Property Description

5 Star Reviews on VRBO! Currently SELF managed under EVOLVE. 2021 Rental $114,686.76 2022 Rental $88,040.35. $86,657 for 2023. Huge Upgrades & Maintenance done while they have owned it! 3 miles to Dollywood! Minutes to Parkway, 10 min to downtown Gatlinburg! Investor Note: close on this property in May and get rentals for May/June/July before you need to make your first mortgage payment. Buy now to get the summer rental income. This cabin is 3 miles to Dollywood and has the cabin experience while keeping your guests close to the main area for activities! Great for families who have children and may need diapers, Tylenol at night etc. Great for church and business retreats. Sleeps 16. Situated in one of Pigeon Forge's most sought-after subdivisions, prime location, centrally positioned in town & easily accessible via a non-winding road accessible throughout all seasons. Sold fully furnished. Every bedroom has a bathroom. 7 flat-screen TVs w/ cable, farmhouse-style dining table (seats 16- great for Thanksgiving rental), gable window, 2 gas fireplaces, foosball table, arcade machine, pool table. KITCHEN: Fully equipped w/ cooking basics, stainless steel appliances, microwave, blender, drip + Keurig coffee maker, knife set, ice maker, breakfast bar. Bedroom 1: King Bed, Bedroom 2: King Bed, Bedroom 3: King Bed, Bedroom 4: Queen Bunk Beds, Bedroom 5: Queen Bunk Beds, 4 Twin Bunks in basement. 2- story covered decks + covered front porch, rocking chairs, gas grill, hot tub w/ cover, community pool access (open seasonally). The homeowners' dues are $1700/year if you pay all at one time. If you pay monthly, it totals $1800 or $150/month.
Currently SELF managed under EVOLVE. 2021 Rental $114,686.76 2022 Rental $88,040.35 In 2022 they changed management companies & switched back. They did lose some rental times when they switched over. Booked for $86,657 for 2023 but see attachment with Bear Tracts Management Company with their projections - estimate cabin could do $10,000 more*. REPAIRS HAVE BEEN DONE! Cabin has been highly maintained and many major items have been upgraded or replaced. LIST OF UPGRADES AND APPROVEMENTS!! - Installed gutters - All new windows - New shower tub on main floor - New bedroom fan on main floor & bed frame -New bedding for all beds - New oven, stove & microwave - New kitchen sink & added a garbage disposal - New stools at kitchen bar - Updated & restocked kitchen appliances, utensils, etc. - New living room tables & lamps -New big screen TV in living's room & replaced a couple of others - Replaced the gas burners in both fireplaces & timers - New stacked washer/dryer - Pool table re-felted - New stools in game room - PAC-Man machine refurbished - Updated front door keypad & installed deadbolt in game room door to the deck - New BBQ Grill -Replaced some rockers for decks - Replaced the posts supporting the bottom deck & poured cement pilings to support them *$13,300 -Sheeting under the house to protect from moisture / bugs - Repaired & Replaced the stucco *$12,000. - Replaced both HVACs - with regularly scheduled maintenance - New, brighter hall lights going down to the game room - New electrical circuit panel - New Washer / Dryer - stacked combo + ironing board & iron - New Hot Water Heater -4 twin bunk beds in the basement -Ceiling fans in each bedroom, living room, and dining room. -2 covered decks in addition to the covered porch. -Hot tub with cover.
*Please confirm all rental projections directly with Bear Tracts.

link for EVOLVE RENTAL LISTING
https://evolve.com/vacation-rentals/us/tn/pigeon-forge/438658?Property-Type=Cabin&queryID=cc11b8141325a9f165b790a9f7ce071e

Location

State TN

County Sevier

Zoning C-1

Direction From the Parkway in Pigeon Forge at Traffic Light#6, turn onto Pine Mountain Road. Go to the 4 Way stop and proceed straight ahead for 0.2M. Turn L onto Mid Valley Drive then R onto Choctaw Hill Way. Go 0.1M to L onto Chickasaw Gap Way. Cabin is on the R.

Rooms

Other Rooms true

Basement Basement, Full, Partially Finished

Kitchen true

Interior

Interior Features Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Great Room, High Speed Internet, Kitchen Island, Kitchen/Dining Combo, Living/Dining Combo

Heating Central, Zoned

Cooling Central Air, Electric, Zoned

Flooring Tile, Wood

Fireplaces Number 1

Fireplaces Type Gas Log

Equipment Intercom

Fireplace Yes

Window Features Double Pane Windows,Window Treatments

Appliance Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer

Laundry Electric Dryer Hookup, Laundry Closet, Lower Level, Washer Hookup

Exterior

Exterior Feature Rain Gutters

Garage Driveway, Paved, Private

Pool Hot Tub

Utilities Available Cable Connected, Electricity Connected, High Speed Internet Connected, Internet Connected, Sewer Connected

Amenities Available Pool

Waterfront No

View Y/N No

Roof Type Metal

Street Surface Paved

Porch Covered, Deck, Porch

Road Frontage Private Road

Parking Type Driveway, Paved, Private

Garage No

Building

Lot Description Views, Wooded

Story 3

Sewer Public Sewer

Water Public

Architectural Style Cabin, Log

Structure Type Frame,Log,Log Siding,Wood Siding

New Construction No

Others

Security Features Smoke Detector(s)

Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan

Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan

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