1539 Majestic Mountain Drive, Sevierville, TN 37876
$1,049,000
Property Type:
Residential
Bedrooms:
2
Baths:
3
Square Footage:
2,389
Lot Size (sq. ft.):
43,560
Status:
Closed
Current Price:
$1,049,000
List Date:
6/23/2022
Last Modified:
9/02/2024
Description
"Love View Too" presents an incredible opportunity to purchase a recently built rental cabin with breathtaking views. Sitting on a premier one-acre lot, Love View Too is convenient to both Pigeon Forge and Gatlinburg with easy backroad access as well. The views are second to none with a straight on view of Mount LeConte and private panoramic views deep into the Smokies. You can even see the Dollywood fireworks at night in season along with hearing the distant whistle of the Dollywood train! The rental income is excellent with revenue at $121,503 from July 2021 to June 2022 (not including taxes or cleaning fees) and $116,212 for the 12 months prior to that. 2021 Schedule E total rental was $132,729. The attention to detail is significant and many things are added above and beyond the typical rental cabin in our area, including a separate lower tiered seating deck area with fire pit to take in the spectacular views. The privacy looking directly out the back from its three floors and decks, hot tub and fire pit is extremely rare in our area with very few cabins in sight and a direct view to the mountains in the Smoky Mountain National Park. The private theater room provides tiered seating for 9. The game room also doesn't disappoint with a pool table, air hockey, Multicade arcade with many classic games and a foosball coffee table. Love View Too has enough room for multiple families with three distinct sleeping areas (two king beds and a set of queen bunk beds) and three full bathrooms. A queen sleeper sofa and a futon are other sleeping options to sleep up to 12 guests. Love View Too has been meticulously maintained with new king mattresses, hot tub, and dishwasher in 2022 as well as restaining of the entire cabin exterior and decks in May 2022. This cabin checks all of the boxes for a productive cabin investment in our area including the rare combination of an absolutely breathtaking mountain view, privacy and large lot size, no HOA fees, recent (2018) high end quality construction, and an outstanding rental performer with a perfect 5 stars from 134 Vrbo guest reviews (reviews can be transferred to the new owner's Vrbo account making it a rental machine from day one of ownership).
More Information MLS# 251389
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 10
Book/Page/Doc #: 4032, 66
Tax Annual Amount: 2128.24
Tax Year: 2021
Contract Information
Owner Name: Koeberlein Michael & Melinda
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Rental History Gross Amount 1: 121503
Rental History Year 1: 2021
Rental History Gross Amount 2: 116212
Rental History Year 2: 2020
Association YN: No
Current Price: $1,049,000
Original List Price: 1049900
Sold Price: $1,049,000
Status: Closed
Listing Contract Date: 2022-06-23
General Property Information
Lot Size Acres: 1
Above Grade Finished Area: 1491
Below Grade Finished Area: 898
Below Grade Unfinished Area: 0
Bathrooms Half: 0
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: 439.47
Sold Price/SqFt: 439.1
Living Area: 2389
Bedrooms Total: 2
Bathrooms Total: 3
Bathrooms Full: 3
Year Built: 2018
Remarks and Miscellaneous
Public Remarks: "Love View Too" presents an incredible opportunity to purchase a recently built rental cabin with breathtaking views. Sitting on a premier one-acre lot, Love View Too is convenient to both Pigeon Forge and Gatlinburg with easy backroad access as well. The views are second to none with a straight on view of Mount LeConte and private panoramic views deep into the Smokies. You can even see the Dollywood fireworks at night in season along with hearing the distant whistle of the Dollywood train! The rental income is excellent with revenue at $121,503 from July 2021 to June 2022 (not including taxes or cleaning fees) and $116,212 for the 12 months prior to that. 2021 Schedule E total rental was $132,729. The attention to detail is significant and many things are added above and beyond the typical rental cabin in our area, including a separate lower tiered seating deck area with fire pit to take in the spectacular views. The privacy looking directly out the back from its three floors and decks, hot tub and fire pit is extremely rare in our area with very few cabins in sight and a direct view to the mountains in the Smoky Mountain National Park. The private theater room provides tiered seating for 9. The game room also doesn't disappoint with a pool table, air hockey, Multicade arcade with many classic games and a foosball coffee table. Love View Too has enough room for multiple families with three distinct sleeping areas (two king beds and a set of queen bunk beds) and three full bathrooms. A queen sleeper sofa and a futon are other sleeping options to sleep up to 12 guests. Love View Too has been meticulously maintained with new king mattresses, hot tub, and dishwasher in 2022 as well as restaining of the entire cabin exterior and decks in May 2022. This cabin checks all of the boxes for a productive cabin investment in our area including the rare combination of an absolutely breathtaking mountain view, privacy and large lot size, no HOA fees, recent (2018) high end quality construction, and an outstanding rental performer with a perfect 5 stars from 134 Vrbo guest reviews (reviews can be transferred to the new owner's Vrbo account making it a rental machine from day one of ownership).
Directions: From Pigeon Forge turn at light #8 onto Dollywood Ln. Turn right onto Upper Middle Creek Rd. Go 1.9 miles to left onto Walker Trail. Go 1 mile to straight on Back Home Way. Turn left onto Starr Crest Dr. Turn left onto Mountain Majestic Dr. Cabin is on left.
Status Change Information
Status Change Timestamp: 2022-08-05
Buyer Financing: Conventional
Anticipated Closing Date: 2022-08-03
Major Change Timestamp: 2022-08-05T17:18:51Z
Major Change Type: Status Change
Purchase Contract Date: 2022-06-26
Close Date: 2022-08-05
Close Price: 1049000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cabin: 1
Log: 1
Basement
Basement: 1
Finished: 1
Construction Materials
Frame: 1
Log Siding: 1
Cooling
Central Air: 1
Heat Pump: 1
Fireplace Features
Electric: 1
Flooring
Wood: 1
Heating
Electric: 1
Heat Pump: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Great Room: 1
High Speed Internet: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Three Or More: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Private: 1
Parking Features
Driveway: 1
Paved: 1
Patio And Porch Features
Covered: 1
Deck: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Rental
Rental History: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Security Features
Smoke Detector(s): 1
Sewer
Septic Tank: 1
View
Mountain(s): 1
Water Source
Private: 1
Window Features
Window Treatments: 1
Showing Requirements
Showing Instructions: To show text Gina 8652577105 or call list office. Seller request buyer honor current reservations through Oct 30, 2022. Information taken from tax records buyer should verify all information independently. Please send offers to Darlene info@homesinthesmokymtns.com once under contract please coordinate inspections etc... with Michaellien closings@homesinthesmokymtns.com
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Location Tax and Legal
Street Number: 1539
Street Name: Majestic Mountain
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37876
Property Sub Type: Single Family Residence
MLS Area Major: Sevierville
Subdivision Name: Majestic Mountains
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style: Cabin; Log
Basement: Basement; Finished
Construction Materials: Frame; Log Siding
Cooling: Central Air; Heat Pump
Fireplace Features: Electric
Flooring: Wood
Heating: Electric; Heat Pump
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Three Or More
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: Private
Parking Features: Driveway; Paved
Patio And Porch Features: Covered; Deck
Pool Features: Hot Tub
Possession: Close Of Escrow
Rental: Rental History
Road Surface Type: Paved
Roof: Metal
Security Features: Smoke Detector(s)
Sewer: Septic Tank
View: Mountain(s)
Water Source: Private
Window Features: Window Treatments
Showing Requirements: See Remarks
Listing Office:
Smoky Mountain Real Estate Cor
Last Updated: September - 02 - 2024
Information deemed reliable but not guaranteed.