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.