1253 Bear Cub Way, Gatlinburg, TN 37738

$1,075,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,879 Status: Closed
Current Price: $1,075,000 List Date: 6/30/2022 Last Modified: 8/26/2024

Description

"Love This Life" is a fully furnished, income producing 3 bed/3.5 bath cabin just minutes from downtown Gatlinburg. With indoor swim spa, theater, and lavish furnishings, this cabin is a money maker. This luxury lodge is sure to impress and is currently sleeping 10 guests on the overnight rental program. It grossed over $94,000 in 2021 with 6 weeks of owner blocks. lost revenue would have been 110k+. Interior features include an open living room area with stone accented electric fireplace, dining area, and eat in fully equipped spacious kitchen with stainless/black appliances, granite, and a stone accented snack bar/island. Second level has two oversized Master Suites each with private bathrooms with tiled walk in showers, double sink vanities, electric fireplace, and private deck access to the hot tub for relaxing. Also, featuring a log surround multi arcade game and other games for entertaining. Lower level has the third oversized Master Suite with its own private bathroom with walk in tiled shower, double sink vanity, and walls of glass to view the pool area . Also, on the lower level you will find the swim spa/pool located indoors in its own private room accented with stone walls and fixed glass windows, and a nice theatre room for entertaining! Laundry area has full size washer and dryer. Enjoy one of the two levels of covered decking with a vaulted roof on the back of the cabin taking in the views and serene setting, or step onto the front covered decks also with beautiful mountain views in the distance. Property is currently self managed (link in Addendum) on AirBnB. Owners have performed several updates including a new spa pack and plumbing for the swim spa, new water heater, several new furnishings, and new sleeper sofa in the living room.

More Information MLS# 251615

Location, Tax, and Legal

Restrictive Covenants YN: Yes Zoning: C-2 Zoning Entity: Sevier County Tax Lot: 17 Book/Page/Doc #: 5804, 98 Tax Annual Amount: 2779.07 Tax Year: 2021

Contract Information

Association Type: Mandatory Owner Name: Chynoweth Listing Agreement: Exclusive Right To Sell Occupancy: Either Common Interest: Planned Development Association YN: Yes Association Fee: 235 Association Fee Frequency: Monthly Association Name: Smoky Mountain Village HOA Association Email: daharwell1357@gmail.com Current Price: $1,075,000 Original List Price: 1100000 Sold Price: $1,075,000 Status: Closed Listing Contract Date: 2022-06-30

General Property Information

Lot Size Acres: 0 Above Grade Finished Area: 1789 Below Grade Finished Area: 1090 Below Grade Unfinished Area: 0 Garage YN: No Bathrooms Half: 1 Garage Spaces: 0 Bonus Room YN: No 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: 376.87 Sold Price/SqFt: 373.39 Living Area: 2879 Bedrooms Total: 3 Bathrooms Total: 4 Bathrooms Full: 3 Year Built: 2018

Remarks and Miscellaneous

Public Remarks: "Love This Life" is a fully furnished, income producing 3 bed/3.5 bath cabin just minutes from downtown Gatlinburg. With indoor swim spa, theater, and lavish furnishings, this cabin is a money maker. This luxury lodge is sure to impress and is currently sleeping 10 guests on the overnight rental program. It grossed over $94,000 in 2021 with 6 weeks of owner blocks. lost revenue would have been 110k+. Interior features include an open living room area with stone accented electric fireplace, dining area, and eat in fully equipped spacious kitchen with stainless/black appliances, granite, and a stone accented snack bar/island. Second level has two oversized Master Suites each with private bathrooms with tiled walk in showers, double sink vanities, electric fireplace, and private deck access to the hot tub for relaxing. Also, featuring a log surround multi arcade game and other games for entertaining. Lower level has the third oversized Master Suite with its own private bathroom with walk in tiled shower, double sink vanity, and walls of glass to view the pool area . Also, on the lower level you will find the swim spa/pool located indoors in its own private room accented with stone walls and fixed glass windows, and a nice theatre room for entertaining! Laundry area has full size washer and dryer. Enjoy one of the two levels of covered decking with a vaulted roof on the back of the cabin taking in the views and serene setting, or step onto the front covered decks also with beautiful mountain views in the distance. Property is currently self managed (link in Addendum) on AirBnB. Owners have performed several updates including a new spa pack and plumbing for the swim spa, new water heater, several new furnishings, and new sleeper sofa in the living room. Directions: From the Parkway turn at traffic light 10 onto Ski Mountain Rd in 1.5 mile turn right onto Wiley Oakley Dr. in .5 mil turn left onto Ski View Dr. on 2.2 mi turn right onto Bear Cub Way in .5 mi cabin will be on left.

Status Change Information

Status Change Timestamp: 2022-09-29 Buyer Financing: Conventional Anticipated Closing Date: 2022-09-30 Major Change Timestamp: 2022-09-29T17:19:39Z Major Change Type: Status Change Price Change Timestamp: 2022-08-14T01:48:52Z Purchase Contract Date: 2022-08-19 Close Date: 2022-09-29 Close Price: 1075000

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Electric Range: 1 Microwave: 1 Range Hood: 1 Refrigerator: 1 Washer: 1

Architectural Style

Cabin: 1 Log: 1

Association Fee Includes

Maintenance Grounds: 1 Roads: 1

Attic Features

None: 1

Basement

Basement: 1 Crawl Space: 1 Finished: 1 Full: 1

Construction Materials

Log: 1 Log Siding: 1 Masonry: 1 Stone: 1

Cooling

Central Air: 1 Electric: 1 Heat Pump: 1

Exterior Features

Rain Gutters: 1

Fireplace Features

Electric: 1 Factory Built: 1 Masonry: 1

Flooring

Wood: 1

Heating

Central: 1 Electric: 1 Heat Pump: 1

Interior Features

Ceiling Fan(s): 1 Great Room: 1 High Speed Internet: 1 Solid Surface Counters: 1 Walk-In Closet(s): 1

Laundry Features

Electric Dryer Hookup: 1 Washer Hookup: 1

Levels

Two: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Parking Features

Driveway: 1 Paved: 1

Patio And Porch Features

Deck: 1

Pool Features

Hot Tub: 1 In Ground: 1 Private: 1

Possession

Close Of Escrow: 1

Rental

Off Site: 1 Rental History: 1

Road Frontage Type

City Street: 1

Road Surface Type

Paved: 1

Roof

Composition: 1 Metal: 1

Security Features

Smoke Detector(s): 1

Sewer

Public Sewer: 1

Utilities

Cable Available: 1

View

Mountain(s): 1

Water Source

Public: 1

Window Features

Window Treatments: 1

Showing Requirements

Appointment Only: 1 Showing Instructions: To schedule a showing, call/text Christian Maloney at 865-809-3344. **ALL OFFERS TO INCLUDE ALL ASSOCIATED DOCUMENT DISCLOSURES** and to be sent to matthew@anniemaloney.com. https://abnb.me/GzM3C31gjrb See Remarks: 1

Historical Information

Public Historical Remarks: Interior Features: Large Primary Bedroom, Fireplace: 3 or More

Location Tax and Legal

Street Number: 1253 Street Name: Bear Cub Street Suffix: Way County: Sevier State: TN Zip Code: 37738 Property Sub Type: Single Family Residence MLS Area Major: Gatlinburg Subdivision Name: Smoky Mtn Village

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Washer Architectural Style: Cabin; Log Association Fee Includes: Maintenance Grounds; Roads Attic Features: None Basement: Basement; Crawl Space; Finished; Full Construction Materials: Log; Log Siding; Masonry; Stone Cooling: Central Air; Electric; Heat Pump Exterior Features: Rain Gutters Fireplace Features: Electric; Factory Built; Masonry Flooring: Wood Heating: Central; Electric; Heat Pump Interior Features: Ceiling Fan(s); Great Room; High Speed Internet; Solid Surface Counters; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Parking Features: Driveway; Paved Patio And Porch Features: Deck Pool Features: Hot Tub; In Ground; Private Possession: Close Of Escrow Rental: Off Site; Rental History Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition; Metal Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Cable Available View: Mountain(s) Water Source: Public Window Features: Window Treatments Showing Requirements: Appointment Only; See Remarks
Listing Office: Prime Mountain Properties
Last Updated: August - 26 - 2024
Information deemed reliable but not guaranteed.