1940 Wears Valley Rd, Sevierville, TN 37862

$1,200,000
Property Type: Single Family Bedrooms: 7 Square Footage: 8,044 Lot Size (sq. ft.): 871,200 Status: Closed
Current Price: $1,200,000 List Date: 7/01/2017 Last Modified: 11/16/2019

Description

Fantastic investment opportunity! Private, unique retreat on a crystal clean mountain stream. Seven cabins on 20 forested acres, with proven rental income just minutes from the main Parkway in the middle of Pigeon Forge. (1.) ''Nikhia's Loft'' is a 1BR ''honeymoon cabin'' w/ $26k rentals for 2016. (2.) ''Nature's Dream'' is a 3BR (plus loft), sleeps 10, w/ $44k rentals for 2016. (3.) ''Rolling Creek'' is a 2BR, sleeps 4, w/ $34k rentals for 2016. (4.) ''On the Creek'' is a 7BR, sleeps 17, w/ $87k rentals for 2016. (5.) ''Hillside Haven'', built in 2008, is a 3BR, sleeps 12, w/ $52K rentals for 2016. (6.) ''Whispering Brook'' is currently leased to the caretaker for the property for $500 per month. (7.) ''Secret Hideaway'' is the personal cabin used by the owners. It's a 4BR and

Supplements: rental market. Some cabins are located on the stream while others have a view of the stream. It is a beautiful, pristine, stream with rock outcroppings perfect for picnics. The sounds of the rushing water will lull you to sleep and the gazebo next to the stream has been the site for many romantic weddings. Whether you are looking for a family retreat or retirement income, check out this unique income producing property. The newest cabin was built in 2008. Other cabins were built prior to that. More photos and video coming soon.

More Information MLS# 1004393

Contract Info

Auction Y/N: No Listing Price: 1599000 Current Price: $1,200,000 Status: Closed Listing Date: 2017-05-26

Location, Tax & Legal Info

Area: Sevier County - 27 Property Sub-Type: Residential City/County Code: County Total Tax: 4300.79

General Property Description

Type: Other # Bedrooms: 7 Acres: 20 # of Rooms: 60 Restrictions: No Site Built: Yes Fireplace: Yes Property Status: N/A SqFt - Main Lvl: 0 SqFt - Down Lvl: 0 SqFt - 2nd Flr Lvl: 0 SqFt - 3rd Flr Lvl: 0 # Fireplace: 7 HOA: No Basement: No Bonus Room: No SqFt - Total (Aprox): 8044 Baths - Full: 18 Baths - 1/2: 3 Year Built: 1960

Remarks & Misc

Directions: From the Parkway in Pigeon Forge, (US 441), turn @ Traffic Light #3 onto WEARS VALLEY Rd. toward Townsend. Drive about 4 miles & turn right (across from the Zipline). Look for the sign ''Bear Creek Retreat''. Public Remarks: Fantastic investment opportunity! Private, unique retreat on a crystal clean mountain stream. Seven cabins on 20 forested acres, with proven rental income just minutes from the main Parkway in the middle of Pigeon Forge. (1.) ''Nikhia's Loft'' is a 1BR ''honeymoon cabin'' w/ $26k rentals for 2016. (2.) ''Nature's Dream'' is a 3BR (plus loft), sleeps 10, w/ $44k rentals for 2016. (3.) ''Rolling Creek'' is a 2BR, sleeps 4, w/ $34k rentals for 2016. (4.) ''On the Creek'' is a 7BR, sleeps 17, w/ $87k rentals for 2016. (5.) ''Hillside Haven'', built in 2008, is a 3BR, sleeps 12, w/ $52K rentals for 2016. (6.) ''Whispering Brook'' is currently leased to the caretaker for the property for $500 per month. (7.) ''Secret Hideaway'' is the personal cabin used by the owners. It's a 4BR and

Atchd/Dtchd Type

Detached: 1

Style

Cabin: 1

Construction

Log: 1

Siding

Log: 1

Fireplace

Gas Log: 1

Cooling

Ceiling Fan(s): 1 Central Cooling: 1 Window Unit(s): 1

Floors

Hardwood: 1 Other: 1

Garage/Parking

Designated Parking: 1

Basement

Crawl Space: 1

Lot Description

Level: 1 Private: 1 Wooded: 1

Fuel

Electric: 1 Gas (Natural): 1

View

Mountain View: 1

Heat

Central: 1 Heat Pump: 1

Appliances

Dishwasher: 1 Microwave: 1 Range: 1 Refrigerator: 1 Smoke Detector: 1 Washer: 1

Other Rooms

Great Room: 1

Exterior Features

Deck: 1 Patio: 1

Misc Features

Hot Tub: 1 Washer/Dryer Connect: 1

Sewer

Sewer Info: Spetic

Water

Water Info: Community System

Outbuildings

Gazebo: 1

New Financing

Cash: 1 Conventional: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 1940 Street Name: Wears Valley St Suffix: Rd State/Province: TN Zip Code: 37862 PIN #: 104 010.00 Geo Lat: 35.771364 Geo Lon: -83.618741

Status Change Info

Status Change Date: 2017-09-14 Under Contract Date: 2017-08-20 Sold Date: 2017-09-14 Sold Price: $1,200,000

Property Features

Style: Cabin Construction: Log Siding: Log Basement: Crawl Space Lot Description: Level; Private; Wooded View: Mountain View Fireplace: Gas Log Floors: Hardwood; Other Fuel: Electric; Gas (Natural) Heat: Central; Heat Pump Cooling: Ceiling Fan(s); Central Cooling; Window Unit(s) Appliances: Dishwasher; Microwave; Range; Refrigerator; Smoke Detector; Washer Other Rooms: Great Room Misc Features: Hot Tub; Washer/Dryer Connect Exterior Features: Deck; Patio Outbuildings: Gazebo Showing: See Agent Instructns New Financing: Cash; Conventional
Listing Office: Crye-Leike Realtors, South
Office Phone: 865-774-1414
Last Updated: November - 16 - 2019
1940 Wears Valley Rd, Sevierville, TN 37862- MLS# 1004393
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