$891,500
$849,900
4.9%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
3 Baths
2,808 SqFt
SOLD DATE : 11/12/2021
Key Details
Sold Price $891,500
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $317
Subdivision Montgomery Woods Addn 3
MLS Listing ID 1168225
Style Cabin,Log
Bedrooms 5
Full Baths 3
Year Built 2000
Lot Size 0.570 Acres
Property Description
Don't miss this one! Same owner for the last fifteen years. It has been making great revenue and has many recent upgrades. It's location is great, off of Hwy 321 close to downtown Gatlinburg and all it has to offer.
This 2,800 sq ft home has five bedrooms and three full bathrooms. The common indoor and outdoor areas are perfect for entertaining or for family gatherings.
Recent upgrades include a complete high end staining of the outdoor areas, new tile floors in all bathrooms, new pool table felt, new televisions, landscaping stones, and appliances and wood floors in the den are around five years old.
The property has been well-maintained. Step out onto the decks of this Gatlinburg cabin and breathe in the fresh Smoky Mountain air. Spend tim here as you have a meal at the table, enjoy your morning coffee in the chairs, or soothe your tired muscles in the hot tub. The wooded surroundings and distant mountain views will leave you wanting to call this place home.
Current revenue sits at $75,000 including upcoming reservations. 53 "owner nights" for renovations and upgrades in 2021 and further outstanding open dates could have yielded an additional $20-25k. This can be a $90-100K gross annual income property, as a pure investment. Link to Property Management website for Unforgettable: https://www.cabinsforyou.com/unforgettable.htm.
Location
State TN
County Sevier County - 27
Area 0.57
Rooms
Family Room Yes
Other Rooms Basement Rec Room, Family Room
Dining Room Eat-in Kitchen
Interior
Heating Central, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Carpet, Hardwood, Tile
Fireplaces Number 1
Fireplaces Type Gas Log
Exterior
Exterior Feature Porch - Covered, Deck
Parking Features Other
Garage Description Other
View Mountain View
Building
Lot Description Wooded, Level
Sewer Public Sewer
Water Public
Structure Type Log
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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