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

Overview

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 ...

Listing Details MLS# 261293

General Property Information

Living Area
2040
Above Grade Finished Area
1020
Below Grade Finished Area
1020
Bedrooms Total
6
Bathrooms Total
6
Bathrooms Full
6
Year Built
2006
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
Lot Size Acres
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

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

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

Contract Information

Original List Price
1399999
Listing Contract Date
2023-09-08
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
-
Association Type
Mandatory

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

Major Change Timestamp
2023-12-22T20:24:49Z
Major Change Type
Status Change
Price Change Timestamp
2023-11-25T05:52:39Z
Status Change Timestamp
2023-12-22
Purchase Contract Date
2023-12-02
Close Date
2023-12-22
Close Price
1000000
Buyer Financing
Other
Anticipated Closing Date
2023-12-28

More Information

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
Yes

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

Appliances

Dishwasher
Yes
Dryer
Yes
Gas Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Architectural Style

Cabin
Yes

Attic Features

None
Yes

Basement

Basement
Yes
Finished
Yes

Construction Materials

Log
Yes

Cooling

Central Air
Yes

Fireplace Features

Gas Log
Yes

Heating

Central
Yes

Interior Features

Cathedral Ceiling(s)
Yes

Levels

Three Or More
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Patio And Porch Features

Deck
Yes
Porch
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes
Listing Office: Your Home Sold Guaranteed Real
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.