1520 Firefly Trail Way, Sevierville, TN 37862 (MLS# 247194)

1520 Firefly Trail Way, Sevierville, TN 37862

$1,450,000
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,880 Status: Closed
Current Price: $1,450,000 List Date: 2/02/2022 Last Modified: 8/30/2024

Overview

Description

Recently constructed (2020) income producing TRUE log cabin with gorgeous mountain views (Bluff Mountain) near the heart of Sevier County (Pigeon Forge)! INDOOR SWIMMING POOL! Just minutes from the Pigeon Forge Parkway this mountain home is sure to delight any traveler. The home features granite counter tops, open floor plan concept for entertaining, 3 levels of full width decks, handsome tongue and groove throughout, cathedral ceilings, walls of glass, oversized swimming pool, and fully outfitted game room just to name a few. Estimated total ROI for all cash is 14.2% and with a 20% down payment its roughly 48%! Over $214k in gross income for 2021! Over $80k on the books / completed for 2022! Enjoy passive income from one of the BEST overnight rental areas in the country!

Listing Details MLS# 247194

General Property Information

Living Area
2880
Above Grade Finished Area
1920
Below Grade Finished Area
960
Bedrooms Total
3
Bathrooms Total
4
Bathrooms Full
3
Bathrooms Half
Yes
Garage YN
No
Year Built
2020
Bonus Room YN
No
Accessory Dwelling Unit YN
No
Sign On Property YN
No
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
View YN
Yes
List Price/SqFt
517.33
Sold Price/SqFt
503.47
Lot Size Acres
0
Below Grade Unfinished Area
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator Architectural Style: Log Association Amenities: Management Association Fee Includes: Maintenance Grounds; Roads Attic Features: None Basement: Basement; Finished Construction Materials: Log; Stucco; Wood Siding Cooling: Electric Exterior Features: Rain Gutters Fireplace Features: Electric Foundation Details: Slab Heating: Electric Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet; Solid Surface Counters Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Three Or More Listing Terms: 1031 Exchange; Cash; Conventional Patio And Porch Features: Covered; Deck Pool Features: Hot Tub; Private Possession: Close Of Escrow Rental: Rental History Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Sewer: Shared Septic View: Mountain(s) Water Source: Public Window Features: Double Pane Windows Showing Requirements: Appointment Only; See Remarks

Location Tax and Legal

Street Number
1520
Street Name
Firefly Trail
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37862
Property Sub Type
Single Family Residence
MLS Area Major
Pigeon Forge
Subdivision Name
Black Bear Ridge

Contract Information

Original List Price
1850000
Listing Contract Date
2022-02-02
Owner Name
Jones
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Common Interest
Planned Development
Rental History Gross Amount 1
197673
Rental History Year 1
2021
Association YN
Yes
Association Fee
390
Association Fee Frequency
Quarterly
Association Name
Wise Property Solutions
Association Email
services@wisepropertysolutions.com
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
Recently constructed (2020) income producing TRUE log cabin with gorgeous mountain views (Bluff Mountain) near the heart of Sevier County (Pigeon Forge)! INDOOR SWIMMING POOL! Just minutes from the Pigeon Forge Parkway this mountain home is sure to delight any traveler. The home features granite counter tops, open floor plan concept for entertaining, 3 levels of full width decks, handsome tongue and groove throughout, cathedral ceilings, walls of glass, oversized swimming pool, and fully outfitted game room just to name a few. Estimated total ROI for all cash is 14.2% and with a 20% down payment its roughly 48%! Over $214k in gross income for 2021! Over $80k on the books / completed for 2022! Enjoy passive income from one of the BEST overnight rental areas in the country!
Directions
From Traffic light 3 in Pigeon Forge head WEST on Wears Valley Rd. Go 3.1 miles to a LEFT onto Lost Branch Rd, then 0.8 miles to a RIGHT onto Black Bear Cub Way (first entrance). Go 0.7 miles to a slight RIGHT onto Eagle Cloud Way. Veer LEFT onto Fire Fly Trail Way and take FIRST RIGHT. You will see 2 cabins side by side with what seems like a shared drive. See cabin 2nd on LEFT.

Status Change Information

Major Change Timestamp
2022-07-01T17:05:51Z
Major Change Type
Status Change
Price Change Timestamp
2022-05-14T21:11:08Z
Status Change Timestamp
2022-07-01
Purchase Contract Date
2022-05-16
Close Date
2022-07-01
Close Price
1450000
Buyer Financing
Conventional
Anticipated Closing Date
2022-06-28

More Information

Fireplace Features

Fireplaces Total
Yes
Electric
Yes

Showing Requirements

Showing Instructions
To show or with questions contact Greg Korlin at 865-643-2103 // gregkorlin@gmail.com // text preferred. See associated docs for performa. Property comes with a CO for 12. If not cash a buyer will likely need to bring an appraisal gap clause. Ask Greg for details.
Appointment Only
Yes
See Remarks
Yes

Historical Information

Public Historical Remarks
Interior Features: Large Primary Bedroom

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-1
Zoning Entity
Sevier County
Tax Lot
138R
Book/Page/Doc #
5549, 375
Tax Annual Amount
2800
Tax Year
2021

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes

Architectural Style

Log
Yes

Association Amenities

Management
Yes

Association Fee Includes

Maintenance Grounds
Yes
Roads
Yes

Attic Features

None
Yes

Basement

Basement
Yes
Finished
Yes

Construction Materials

Log
Yes
Stucco
Yes
Wood Siding
Yes

Cooling

Electric
Yes

Exterior Features

Rain Gutters
Yes

Foundation Details

Slab
Yes

Heating

Electric
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Ceiling Fan(s)
Yes
Great Room
Yes
High Speed Internet
Yes
Solid Surface Counters
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Three Or More
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Patio And Porch Features

Covered
Yes
Deck
Yes

Pool Features

Hot Tub
Yes
Private
Yes

Possession

Close Of Escrow
Yes

Rental

Rental History
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Shared Septic
Yes

View

Mountain(s)
Yes

Water Source

Public
Yes

Window Features

Double Pane Windows
Yes
Listing Office: Century 21 MVP
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.
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