1050 Black Bear Cub Way, Sevierville, TN 37862

$1,250,000
Property Type: Residential Bedrooms: 7 Baths: 6 Square Footage: 3,136 Status: Closed
Current Price: $1,250,000 List Date: 9/12/2023 Last Modified: 8/30/2024

Description

Welcome to the epitome of luxury living in the heart of the Great Smoky Mountains! This turnkey vacation rental is nestled within the exclusive Black Bear Ridge Resort, boasts a proven rental history with a staggering $206,000/year gross revenue historically. Cabin will be under new management starting 11/01/23. New managers are predicting to exceed last year's numbers by 20%. This magnificent 4-level retreat features 7 bedrooms, including 4 master suites with large. Jacuzzi tubs, full bathrooms, and private balconies. With 15 beds and 1 sleeper sofa, it comfortably accommodates up to 30 guests. This cabins exterior, including its decks, was recently stained in October 2023. Furnishings, equipment, kitchenware, and supplies convey with the home, including TVs, appliances, games, hot tubs, etc. The property offers unparalleled views of the Smoky Mountains from its 6 balconies and 2 porches. Unique touches such as handmade Amish floating vanities, a custom kitchen table, hanging swings, and contemporary lighting add to the charm. Conveniently located, its just a short drive to the Wears Valley entrance of the Smoky Mountain National Park, Pigeon Forge Strip, Townsend, and Gatlinburg. Investors, seize this opportunity! Priced to sell and currently part of a successful rental program, this is a rare chance to own a slice of paradise in the sought-after Black Bear Ridge Resort. 5 home portfolios available.

More Information MLS# 261343

Location, Tax, and Legal

Restrictive Covenants YN: Yes Zoning: R-1 Zoning Entity: Sevier County Parcel Number: 093L A 001.00 Tax Lot: 143R Book/Page/Doc #: 5464, 251 Tax Annual Amount: 3035.85 Tax Year: 2022

Contract Information

Association Type: Mandatory Owner Name: D Alexander Fund I Lp Listing Agreement: Exclusive Right To Sell Occupancy: Either Common Interest: Planned Development Association YN: Yes Association Fee: 125 Association Fee Frequency: Monthly Association Name: Black Bear Ridge Pud Association Email: kcblackberryridgehoa@gmail.com Current Price: $1,250,000 Original List Price: 1599999 Sold Price: $1,250,000 Status: Closed Listing Contract Date: 2023-09-12

General Property Information

Lot Size Acres: 0 Above Grade Finished Area: 1568 Below Grade Finished Area: 1568 Below Grade Unfinished Area: 0 Garage YN: No Bathrooms Half: 1 Garage Spaces: 0 Bonus Room YN: No Accessory Dwelling Unit YN: No Sign On Property YN: No Home Warranty YN: No Construction Type: Site Built List Price/SqFt: 246.01 Sold Price/SqFt: 246.01 Living Area: 3136 Bedrooms Total: 7 Bathrooms Total: 6 Bathrooms Full: 5 Year Built: 2006

Remarks and Miscellaneous

Public Remarks: Welcome to the epitome of luxury living in the heart of the Great Smoky Mountains! This turnkey vacation rental is nestled within the exclusive Black Bear Ridge Resort, boasts a proven rental history with a staggering $206,000/year gross revenue historically. Cabin will be under new management starting 11/01/23. New managers are predicting to exceed last year's numbers by 20%. This magnificent 4-level retreat features 7 bedrooms, including 4 master suites with large. Jacuzzi tubs, full bathrooms, and private balconies. With 15 beds and 1 sleeper sofa, it comfortably accommodates up to 30 guests. This cabins exterior, including its decks, was recently stained in October 2023. Furnishings, equipment, kitchenware, and supplies convey with the home, including TVs, appliances, games, hot tubs, etc. The property offers unparalleled views of the Smoky Mountains from its 6 balconies and 2 porches. Unique touches such as handmade Amish floating vanities, a custom kitchen table, hanging swings, and contemporary lighting add to the charm. Conveniently located, its just a short drive to the Wears Valley entrance of the Smoky Mountain National Park, Pigeon Forge Strip, Townsend, and Gatlinburg. Investors, seize this opportunity! Priced to sell and currently part of a successful rental program, this is a rare chance to own a slice of paradise in the sought-after Black Bear Ridge Resort. 5 home portfolios available. Directions: From Pigeon Forge Turn right onto US-441 N / US-321 S / TN-71 / Parkway, then immediately turn left onto Pine Mountain Rd Grand Inns of America on the corner 1.8 mi Turn right onto Gibson Hollow Ln 0.2 mi Bear right onto Engle Town Rd 1.1 mi Turn right onto Lost Branch Rd 0.8 mi Turn left onto Black Bear Cub Way 0.3 mi Arrive at Black Bear Cub Way.

Status Change Information

Status Change Timestamp: 2023-12-28 Buyer Financing: Conventional Anticipated Closing Date: 2023-12-28 Major Change Timestamp: 2023-12-28T20:25:40Z Major Change Type: Status Change Price Change Timestamp: 2023-11-25T05:58:11Z Purchase Contract Date: 2023-12-13 Close Date: 2023-12-28 Close Price: 1250000

Appliances

Dishwasher: 1 Dryer: 1 Gas Range: 1 Microwave: 1 Refrigerator: 1 Washer: 1

Architectural Style

Cabin: 1 Log: 1

Attic Features

None: 1

Basement

Basement: 1 Finished: 1

Construction Materials

Log: 1

Cooling

Central Air: 1

Fireplace Features

Gas Log: 1

Heating

Central: 1

Levels

Three Or More: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Wooded: 1

Patio And Porch Features

Deck: 1 Porch: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Showing Requirements

Showing Instructions: *For SHOWINGS Call: (865) 525-4999. Send OFFERS to aj@kingsofrealestate.com / Cell: (865) 394-8316. Pre-Approval/Proof of Funds & Disclosures in Assoc Docs MUST accompany offers. SF from tax records or seller; buyer to verify. Smoky Vistas pays any agent that brings an owner $250 per bedroom after the property received it's first positive owner statement. See Remarks: 1

Location Tax and Legal

Street Number: 1050 Street Name: Black Bear Cub Street Suffix: Way County: Sevier State: TN Zip Code: 37862 Property Sub Type: Single Family Residence MLS Area Major: Sevierville Subdivision Name: Black Bear Ridge Pud

Property Features

Appliances: Dishwasher; Dryer; Gas Range; Microwave; Refrigerator; Washer Architectural Style: Cabin; Log Attic Features: None Basement: Basement; Finished Construction Materials: Log Cooling: Central Air Fireplace Features: Gas Log Heating: Central Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Wooded Patio And Porch Features: Deck; Porch Road Surface Type: Paved Roof: Composition Sewer: Public Sewer Water Source: Public Showing Requirements: See Remarks
Listing Office: Your Home Sold Guaranteed Real
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.