1106 Black Bear Cub Way, Sevierville, TN 37862
$1,000,000
Property Type:
Residential
Bedrooms:
6
Baths:
6
Square Footage:
2,040
Status:
Closed
Current Price:
$1,000,000
List Date:
9/08/2023
Last Modified:
8/30/2024
Description
Indulge in the allure of mountain living. This turnkey vacation rental, situated in the prestigious Black Bear Ridge Resort, has a proven rental history with a historical gross revenue of $163,000+/year. Cabin will be under new management starting 11/01/23. New managers are predicting to exceed last year's numbers by 20%. Boasting 4 levels, 6 bedrooms, including 4 master suites, and 3 front porches with mesmerizing Smoky Mountain Valley Views, this home is a sanctuary of comfort and luxury. With 11 beds and 3 separate living rooms, it accommodates up to 21 guests. The exterior, including the decks, was recently stained in October 2023. Strategically located, it's just a short drive to the Wears Valley entrance of the Smoky Mountain National Park, Pigeon Forge Strip, Townsend, and Gatlinburg. Furnishings, equipment, kitchenware, and supplies convey with the home, including TVs, appliances, games, hot tubs, etc. Investors, this is your golden ticket! Priced to sell and part of a thriving rental program, this property promises both beauty and profitability. 5 home portfolio available.
More Information MLS# 261293
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Parcel Number: 093L A 001.00
Tax Lot: 148R
Book/Page/Doc #: 5721, 779
Tax Annual Amount: 2574.46
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: -
Current Price: $1,000,000
Original List Price: 1399999
Sold Price: $1,000,000
Status: Closed
Listing Contract Date: 2023-09-08
General Property Information
Lot Size Acres: 0
Above Grade Finished Area: 1020
Below Grade Finished Area: 1020
Below Grade Unfinished Area: 0
Bathrooms Half: 0
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: 269.61
Sold Price/SqFt: 245.1
Living Area: 2040
Bedrooms Total: 6
Bathrooms Total: 6
Bathrooms Full: 6
Year Built: 2006
Remarks and Miscellaneous
Public Remarks: Indulge in the allure of mountain living. This turnkey vacation rental, situated in the prestigious Black Bear Ridge Resort, has a proven rental history with a historical gross revenue of $163,000+/year. Cabin will be under new management starting 11/01/23. New managers are predicting to exceed last year's numbers by 20%. Boasting 4 levels, 6 bedrooms, including 4 master suites, and 3 front porches with mesmerizing Smoky Mountain Valley Views, this home is a sanctuary of comfort and luxury. With 11 beds and 3 separate living rooms, it accommodates up to 21 guests. The exterior, including the decks, was recently stained in October 2023. Strategically located, it's just a short drive to the Wears Valley entrance of the Smoky Mountain National Park, Pigeon Forge Strip, Townsend, and Gatlinburg. Furnishings, equipment, kitchenware, and supplies convey with the home, including TVs, appliances, games, hot tubs, etc. Investors, this is your golden ticket! Priced to sell and part of a thriving rental program, this property promises both beauty and profitability. 5 home portfolio 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: 2023-12-22
Buyer Financing: Other
Anticipated Closing Date: 2023-12-28
Major Change Timestamp: 2023-12-22T20:24:49Z
Major Change Type: Status Change
Price Change Timestamp: 2023-11-25T05:52:39Z
Purchase Contract Date: 2023-12-02
Close Date: 2023-12-22
Close Price: 1000000
Appliances
Dishwasher: 1
Dryer: 1
Gas Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cabin: 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
Interior Features
Cathedral Ceiling(s): 1
Levels
Three Or More: 1
Listing Terms
Cash: 1
Conventional: 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: 1106
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
Attic Features: None
Basement: Basement; Finished
Construction Materials: Log
Cooling: Central Air
Fireplace Features: Gas Log
Heating: Central
Interior Features: Cathedral Ceiling(s)
Levels: Three Or More
Listing Terms: Cash; Conventional
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.