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
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!
More Information MLS# 247194
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
Contract Information
Association Type: Mandatory
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
Current Price: $1,450,000
Original List Price: 1850000
Sold Price: $1,450,000
Status: Closed
Listing Contract Date: 2022-02-02
General Property Information
Lot Size Acres: 0
Above Grade Finished Area: 1920
Below Grade Finished Area: 960
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: 517.33
Sold Price/SqFt: 503.47
Living Area: 2880
Bedrooms Total: 3
Bathrooms Total: 4
Bathrooms Full: 3
Year Built: 2020
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
Status Change Timestamp: 2022-07-01
Buyer Financing: Conventional
Anticipated Closing Date: 2022-06-28
Major Change Timestamp: 2022-07-01T17:05:51Z
Major Change Type: Status Change
Price Change Timestamp: 2022-05-14T21:11:08Z
Purchase Contract Date: 2022-05-16
Close Date: 2022-07-01
Close Price: 1450000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Architectural Style
Log: 1
Association Amenities
Management: 1
Association Fee Includes
Maintenance Grounds: 1
Roads: 1
Attic Features
None: 1
Basement
Basement: 1
Finished: 1
Construction Materials
Log: 1
Stucco: 1
Wood Siding: 1
Cooling
Electric: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Fireplaces Total: 1
Electric: 1
Foundation Details
Slab: 1
Heating
Electric: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Great Room: 1
High Speed Internet: 1
Solid Surface Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Three Or More: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Patio And Porch Features
Covered: 1
Deck: 1
Pool Features
Hot Tub: 1
Private: 1
Possession
Close Of Escrow: 1
Rental
Rental History: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Shared Septic: 1
View
Mountain(s): 1
Water Source
Public: 1
Window Features
Double Pane Windows: 1
Showing Requirements
Appointment Only: 1
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.
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
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
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
Listing Office:
Century 21 MVP
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.