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.