116 Cave Creek Way, Townsend, TN 37882
$1,180,000
Property Type:
Residential
Bedrooms:
7
Baths:
7
Square Footage:
3,580
Lot Size (sq. ft.):
220,414
Status:
Closed
Current Price:
$1,180,000
List Date:
3/29/2021
Last Modified:
8/26/2024
Description
ALL OFFERS MUST BE SUBMITTED TO LISTING AGENT BY 12:00PM ON SATURDAY APRIL 3, 2021. 3 cabins on 5 acres! Cabin names are Bear Creek, Bear Cave, and Bear Mountain.Fantastic rental history! For 2020 gross rental was over $200K and already scheduled to do $230K for 2021 so far, as of March 27th. Property also features a wet weather creek that runs by 2 of the cabins. The property also includes a large barn and shed. Cabin (1) Bear Cave is 1bedroom/1 bathroom, secluded, and located by the creek. Cabin (2) Bear Creek is 2bedroom/ 2 bathroom, secluded, by the creek, fire pit area. Cabin (3) is Bear Mountain 4bedroom/4 bathroom and also secluded. All cabins come fully furnished and well established on the rental program. All 3 cabins have 3 years or newer HVACs.
More Information MLS# 241493
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-2
Zoning Entity: Blount County
Tax Lot: 7
Book/Page/Doc #: 2426, 908
Tax Annual Amount: 2988.7
Tax Year: 2020
Contract Information
Owner Name: Daniel and Tara Orr
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Rental History Gross Amount 1: 219000
Rental History Year 1: 2020
Rental History Gross Amount 2: 196253
Rental History Year 2: 2019
Association YN: No
Current Price: $1,180,000
Original List Price: 1300000
Sold Price: $1,180,000
Status: Closed
Listing Contract Date: 2021-03-29
General Property Information
Lot Size Acres: 5.06
Above Grade Finished Area: 3188
Below Grade Finished Area: 392
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 0
Garage Spaces: 0
Bonus Room YN: Yes
Furnished: Furnished
Accessory Dwelling Unit YN: No
Sign On Property YN: No
Home Warranty YN: No
Construction Type: Site Built
View YN: Yes
List Price/SqFt: 363.13
Sold Price/SqFt: 329.61
Living Area: 3580
Bedrooms Total: 7
Bathrooms Total: 7
Bathrooms Full: 7
Year Built: 2000
Remarks and Miscellaneous
Public Remarks: ALL OFFERS MUST BE SUBMITTED TO LISTING AGENT BY 12:00PM ON SATURDAY APRIL 3, 2021. 3 cabins on 5 acres! Cabin names are Bear Creek, Bear Cave, and Bear Mountain.Fantastic rental history! For 2020 gross rental was over $200K and already scheduled to do $230K for 2021 so far, as of March 27th. Property also features a wet weather creek that runs by 2 of the cabins. The property also includes a large barn and shed. Cabin (1) Bear Cave is 1bedroom/1 bathroom, secluded, and located by the creek. Cabin (2) Bear Creek is 2bedroom/ 2 bathroom, secluded, by the creek, fire pit area. Cabin (3) is Bear Mountain 4bedroom/4 bathroom and also secluded. All cabins come fully furnished and well established on the rental program. All 3 cabins have 3 years or newer HVACs.
Directions: From the Parkway (US-441) in Pigeon Forge, turn at Traffic Light #3 onto WEARS VALLEY RD. Drive approximately 11 miles to RIGHT on CAVE CREEK WAY in the BLACK BEAR HOLLOW resort. Follow through the gates. Cabin names are Bear Creek, Bear Cave, and Bear Mountain.
Status Change Information
Status Change Timestamp: 2021-06-02
Buyer Financing: Conventional
Anticipated Closing Date: 2021-05-14
Major Change Timestamp: 2021-06-02T16:44:40Z
Major Change Type: Status Change
Purchase Contract Date: 2021-04-05
Close Date: 2021-06-02
Close Price: 1180000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cabin: 1
Attic Features
None: 1
Construction Materials
Wood Siding: 1
Cooling
Central Air: 1
Electric: 1
Heating
Central: 1
Interior Features
Ceiling Fan(s): 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Level: 1
Private: 1
Wooded: 1
Other Structures
Outbuilding: 1
Patio And Porch Features
Deck: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Rental
Off Site: 1
Roof
Metal: 1
Security Features
Gated Community: 1
Sewer
Septic Tank: 1
View
Mountain(s): 1
Water Source
Well: 1
Window Features
Window Treatments: 1
Showing Requirements
Call Listing Agent: 1
Showing Instructions: Information deemed reliable but not guaranteed. Information taken from tax records and seller. Buyer should verify information.
Location Tax and Legal
Street Number: 116
Street Name: Cave Creek
Street Suffix: Way
County: Blount
State: TN
Zip Code: 37882
Property Sub Type: Single Family Residence
MLS Area Major: Townsend/Walland
Subdivision Name: Other
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style: Cabin
Attic Features: None
Construction Materials: Wood Siding
Cooling: Central Air; Electric
Heating: Central
Interior Features: Ceiling Fan(s)
Laundry Features: Electric Dryer Hookup; Washer Hookup
Listing Terms: Cash; Conventional
Lot Features: Level; Private; Wooded
Other Structures: Outbuilding
Patio And Porch Features: Deck
Pool Features: Hot Tub
Possession: Close Of Escrow
Rental: Off Site
Roof: Metal
Security Features: Gated Community
Sewer: Septic Tank
View: Mountain(s)
Water Source: Well
Window Features: Window Treatments
Showing Requirements: Call Listing Agent
Listing Office:
Mountain Home Realty
Last Updated: August - 26 - 2024
Information deemed reliable but not guaranteed.