1547 Majestic Mountain Drive, "Above It All", Sevierville, TN 37876 (MLS# 241971)

1547 Majestic Mountain Drive, "Above It All", Sevierville, TN 37876

$1,045,000

Virtual Tour

http://tour.usamls.net/1547-Majestic-Mountain-Drive-Sevierville-TN-37876/unbranded

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 3,232 Lot Size (sq. ft.): 60,113 Status: Closed

Current Price: $1,045,000 List Date: 4/20/2021 Last Modified: 9/02/2024

Overview

Description

"Above it All" presents an incredible opportunity to purchase a recently built rental cabin with jaw dropping views. Among the many things that set this cabin apart from the crowd include the private panoramic views while sitting on 1.38 acres, top notch quality, and convenient location 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, distant views of the Ober Gatlinburg ski slopes, and private panoramic views deep into the Smokies. You can even sit on the porch and 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 $94,062.73 in 2020 (not including taxes, cleaning fees, or other fees) with it's 2021 revenues on pace to outperform 2020! The 2020 revenues were at that amazing level despite 28 nights blocked in 2020 for owner use. The electric bill only averaged $288.42 for the large, 3232 sq ... (Read more) "Above it All" presents an incredible opportunity to purchase a recently built rental cabin with jaw dropping views. Among the many things that set this cabin apart from the crowd include the private panoramic views while sitting on 1.38 acres, top notch quality, and convenient location 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, distant views of the Ober Gatlinburg ski slopes, and private panoramic views deep into the Smokies. You can even sit on the porch and 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 $94,062.73 in 2020 (not including taxes, cleaning fees, or other fees) with it's 2021 revenues on pace to outperform 2020! The 2020 revenues were at that amazing level despite 28 nights blocked in 2020 for owner use. The electric bill only averaged $288.42 for the large, 3232 square foot cabin. A good testament to it being well insulated and the overall quality of construction of the cabin. 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 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. Inside you'll find luxury abounds and the floor plan is ideal for rental. Each level has its own bedroom, private bath, and deck off the back to take in the mountain views. You won't find the typical run of the mill showers in this cabin! The master bath features a large walk in shower with dual shower heads while the other baths feature upgraded materials as well. The large and private theater room provides tiered seating for 12 including a wet bar. The game room also doesn't disappoint with the pool table and sit down arcade. A separate nook upstairs includes a foosball table, sofa, and TV making fun and games able to be enjoyed on separate levels. High end luxury furniture is throughout the cabin and many intricate details such as the coffee bar and laundry were custom designed by the owners of the cabin. The fireplace in the family room is floor to ceiling stacked stone and offers a tremendous view from the room. 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 (1.38 acres), no HOA fees, recent (2018) high end quality construction, and an already outstanding rental performer. Note: Drone photography is being used in a few of the photos within this listing.

Listing Details MLS# 241971

General Property Information

Lot Size Dimensions: 114x427x168x490
Lot Size Acres: 1.38
Living Area: 3232
Above Grade Finished Area: 2140
Below Grade Finished Area: 1092
Bedrooms Total: 3
Bathrooms Total: 3
Bathrooms Full: 3
Garage YN: No
Year Built: 2018
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: 340.35
Sold Price/SqFt: 323.33
Below Grade Unfinished Area: 0
Bathrooms Half: 0
Garage Spaces: 0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Cabin; Log Basement: Crawl Space Construction Materials: Log Siding; Wood Siding Cooling: Electric; Heat Pump Flooring: Wood Heating: Electric; Heat Pump Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); High Speed Internet; Solid Surface Counters; Walk-In Closet(s); Wet Bar Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Private; Wooded Parking Features: Driveway; Paved Patio And Porch Features: Deck Pool Features: Hot Tub Possession: Close Of Escrow Rental: Off Site; Rental History Road Frontage Type: County Road Roof: Metal Security Features: Smoke Detector(s) Sewer: Septic Tank; Septic Permit On File Utilities: Cable Available View: Mountain(s); Seasonal Water Source: Private Window Features: Double Pane Windows; Window Treatments Showing Requirements: Call Listing Agent; Restricted Hours

Location Tax and Legal

Street Number: 1547
Street Name: Majestic Mountain
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37876
Property Sub Type: Single Family Residence
MLS Area Major: Pigeon Forge
Subdivision Name: Majestic Mountains

Contract Information

Original List Price: 1100000
Listing Contract Date: 2021-04-20
Owner Name: Mike E. Adams and Janice P. Adams
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Rental History Gross Amount 1: 94062
Rental History Year 1: 2020
Association YN: No
Association Type: None

Remarks and Miscellaneous

Public Remarks: "Above it All" presents an incredible opportunity to purchase a recently built rental cabin with jaw dropping views. Among the many things that set this cabin apart from the crowd include the private panoramic views while sitting on 1.38 acres, top notch quality, and convenient location 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, distant views of the Ober Gatlinburg ski slopes, and private panoramic views deep into the Smokies. You can even sit on the porch and 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 $94,062.73 in 2020 (not including taxes, cleaning fees, or other fees) with it's 2021 revenues on pace to outperform 2020! The 2020 revenues were at that amazing level despite 28 nights blocked in 2020 for owner use. The electric bill only averaged $288.42 for the large, 3232 square foot cabin. A good testament to it being well insulated and the overall quality of construction of the cabin. 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 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. Inside you'll find luxury abounds and the floor plan is ideal for rental. Each level has its own bedroom, private bath, and deck off the back to take in the mountain views. You won't find the typical run of the mill showers in this cabin! The master bath features a large walk in shower with dual shower heads while the other baths feature upgraded materials as well. The large and private theater room provides tiered seating for 12 including a wet bar. The game room also doesn't disappoint with the pool table and sit down arcade. A separate nook upstairs includes a foosball table, sofa, and TV making fun and games able to be enjoyed on separate levels. High end luxury furniture is throughout the cabin and many intricate details such as the coffee bar and laundry were custom designed by the owners of the cabin. The fireplace in the family room is floor to ceiling stacked stone and offers a tremendous view from the room. 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 (1.38 acres), no HOA fees, recent (2018) high end quality construction, and an already outstanding rental performer. Note: Drone photography is being used in a few of the photos within this listing.
Directions: From Pigeon Forge, take light #8 and continue onto Upper MIddle Creek Road. Turn left onto Walker Trail. Continue on Walker Trail until you turn left onto Backhome Way (in a big right hand curve). Follow Backhome Way to a left on Starr Crest Drive. Follow Starr Crest Drive to a left onto Majestic Mountain Drive. The cabin at 1547 Majestic Mountain Drive will be on your left.

Status Change Information

Major Change Timestamp: 2021-08-30T16:46:24Z
Major Change Type: Status Change
Status Change Timestamp: 2021-08-30
Purchase Contract Date: 2021-06-19
Close Date: 2021-08-30
Close Price: 1045000
Buyer Financing: Conventional
Anticipated Closing Date: 2021-08-20

More Information

Fireplace Features

Fireplaces Total: Yes

Showing Requirements

Showing Instructions: Easy to show from original listing date Tuesday, April 20, 2021 until a check in on Thursday, April 22, 2021. Call Jay for the door code. Most information taken from tax records and owner & deemed reliable but not verified. Buyer to perform due diligence and verify independently. The stairwell area is included in the square footage along with the upstairs "crows nest" with kids sleeping area and ladder. No current active HOA, but sometimes (not consistently) there will be a bill sent for the community water system use. NOTE: The seller requests the new buyer to honor the existing reservations on the property post closing (can obtain reservation details for serious buyers/inquiries). Link to property on VRBO: https://www.vrbo.com/391098. Note: Drone photography is being used in a few of the photos within this listing.
Call Listing Agent: Yes
Restricted Hours: Yes

Historical Information

Public Historical Remarks: Interior Features: Large Primary Bedroom

Location, Tax, and Legal

Street Additional Info: "Above It All"
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 8
Book/Page/Doc #: 3946, 77
Tax Annual Amount: 1575.42
Tax Year: 2019

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Architectural Style

Cabin: Yes
Log: Yes

Basement

Crawl Space: Yes

Construction Materials

Log Siding: Yes
Wood Siding: Yes

Cooling

Electric: Yes
Heat Pump: Yes

Flooring

Wood: Yes

Heating

Electric: Yes
Heat Pump: Yes

Interior Features

Cathedral Ceiling(s): Yes
Ceiling Fan(s): Yes
High Speed Internet: Yes
Solid Surface Counters: Yes
Walk-In Closet(s): Yes
Wet Bar: Yes

Laundry Features

Electric Dryer Hookup: Yes
Washer Hookup: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Lot Features

Private: Yes
Wooded: Yes

Parking Features

Driveway: Yes
Paved: Yes

Patio And Porch Features

Deck: Yes

Pool Features

Hot Tub: Yes

Possession

Close Of Escrow: Yes

Rental

Off Site: Yes
Rental History: Yes

Road Frontage Type

County Road: Yes

Roof

Metal: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Septic Tank: Yes
Septic Permit On File: Yes

Utilities

Cable Available: Yes

View

Mountain(s): Yes
Seasonal: Yes

Water Source

Private: Yes

Window Features

Double Pane Windows: Yes
Window Treatments: Yes

Listing Office: Smoky Mountain Real Estate Cor

Last Updated: September - 02 - 2024

Information deemed reliable but not guaranteed.

Geoff Hill, Realtor Lic. No. 322967 Prime Mountain Properties, Lic. No. 259072

1547 Majestic Mountain Drive, “Above It All”, Sevierville, TN 37876 (MLS# 241971)