1588 Bears Den Way, Sevierville, TN 37862
$1,385,000
Property Type:
Residential
Bedrooms:
4
Baths:
5
Square Footage:
2,904
Status:
Closed
Current Price:
$1,385,000
List Date:
3/11/2022
Last Modified:
9/02/2024
Description
Very rare 4 bedroom, 4 1/2 bath floor plan with 3 levels and just under 3,000 sqft. This moneymaker sits at the top of the Hidden Springs Resort located just 4 minutes from Dollywood. This property has amazing views of the mountains, the Pigeon Forge strip, and a front row seat to the Dollywood fireworks in the summer. Cabin produced around $125,000 in gross rents in 2021 with several owner stays. With out the owner stays the cabin would have grossed around $135,000 in its first year with a highly successful local management company. This property features plenty of space with cathedral ceilings and an open floor plan on the main level. Fully stocked kitchen with stainless appliances and granite countertops, and large dining table with seating for 7 along with 3 additional stools at the kitchen countertop. Living room has plenty of seating with a wall of glass to showcase those mountain views all year long! There is one bedroom and full bath on this level along with a half bath. The first lower level has the first gaming area with large pool table, 2 additional bedrooms and bathrooms and full deck access, still with unobstructed views. The lowest level is the main recreation area with 2 sets of bunk beds, air hockey table, arcade console, kids play area, and full theater with a huge canvas screen and projector. This level also has a full bath. All the bedrooms offer upscale furniture and king size beds. Property is completely turnkey and ready to go and already has over $40k in reservations on the books for 2022.
More Information MLS# 247931
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 83
Book/Page/Doc #: 5654, 353
Tax Annual Amount: 1348.5
Tax Year: 2019
Contract Information
Association Type: Mandatory
Owner Name: Sterrett
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Common Interest: Planned Development
Rental History Gross Amount 1: 123636
Rental History Year 1: 2021
Association YN: Yes
Association Fee: 157
Association Fee Frequency: Monthly
Association Name: Metropolitan Property Management for Hidden Spring
Association Email: jennifer@mpmnashville.com
Current Price: $1,385,000
Original List Price: 1395000
Sold Price: $1,385,000
Status: Closed
Listing Contract Date: 2022-03-11
General Property Information
Lot Size Acres: 0
Above Grade Finished Area: 1008
Below Grade Finished Area: 1896
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: 480.37
Sold Price/SqFt: 476.93
Living Area: 2904
Bedrooms Total: 4
Bathrooms Total: 5
Bathrooms Full: 4
Year Built: 2001
Remarks and Miscellaneous
Public Remarks: Very rare 4 bedroom, 4 1/2 bath floor plan with 3 levels and just under 3,000 sqft. This moneymaker sits at the top of the Hidden Springs Resort located just 4 minutes from Dollywood. This property has amazing views of the mountains, the Pigeon Forge strip, and a front row seat to the Dollywood fireworks in the summer. Cabin produced around $125,000 in gross rents in 2021 with several owner stays. With out the owner stays the cabin would have grossed around $135,000 in its first year with a highly successful local management company. This property features plenty of space with cathedral ceilings and an open floor plan on the main level. Fully stocked kitchen with stainless appliances and granite countertops, and large dining table with seating for 7 along with 3 additional stools at the kitchen countertop. Living room has plenty of seating with a wall of glass to showcase those mountain views all year long! There is one bedroom and full bath on this level along with a half bath. The first lower level has the first gaming area with large pool table, 2 additional bedrooms and bathrooms and full deck access, still with unobstructed views. The lowest level is the main recreation area with 2 sets of bunk beds, air hockey table, arcade console, kids play area, and full theater with a huge canvas screen and projector. This level also has a full bath. All the bedrooms offer upscale furniture and king size beds. Property is completely turnkey and ready to go and already has over $40k in reservations on the books for 2022.
Directions: From Pigeon Forge Parkway, turn onto Dollywood Ln at traffic light #8. Stay straight on Veterans Blvd. Turn right onto McCarter Hollow Rd. (at Dollywood entrance). Follow and stay straight to Hidden Springs entrance. Turn left on Bears Den Way and follow to cabin Bear Hugs on the right.
Status Change Information
Status Change Timestamp: 2022-05-02
Buyer Financing: Conventional
Anticipated Closing Date: 2022-04-24
Major Change Timestamp: 2022-05-02T17:09:02Z
Major Change Type: Status Change
Purchase Contract Date: 2022-03-15
Close Date: 2022-05-02
Close Price: 1385000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Self Cleaning Oven: 1
Washer: 1
Architectural Style
Cabin: 1
Log: 1
Association Amenities
Pool: 1
Association Fee Includes
Roads: 1
Water: 1
Attic Features
None: 1
Basement
Basement: 1
Crawl Space: 1
Finished: 1
Full: 1
Construction Materials
Block: 1
Frame: 1
Log: 1
Cooling
Electric: 1
Heat Pump: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Fireplaces Total: 1
Gas Log: 1
Flooring
Wood: 1
Heating
Central: 1
Electric: 1
Heat Pump: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Great Room: 1
Soaking Tub: 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
Parking Features
Driveway: 1
Paved: 1
Patio And Porch Features
Deck: 1
Pool Features
Hot Tub: 1
Private: 1
Possession
Close Of Escrow: 1
Rental
Off Site: 1
Rental History: 1
Road Frontage Type
County Road: 1
Private Road: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Security Features
Gated Community: 1
Security System: 1
Smoke Detector(s): 1
Sewer
Shared Septic: 1
View
Mountain(s): 1
Water Source
Private: 1
Window Features
Double Pane Windows: 1
Window Treatments: 1
Showing Requirements
Appointment Only: 1
Showing Instructions: **Property must stay on the Bear Tracts Management program for a period of 60 days after closing. Property has a check in at 3pm on 3/12 and then a turn on the 19th, 24th, and 27th. To schedule a showing, call/text Christian Maloney at 865-809-3344. **ALL OFFERS TO INCLUDE ALL ASSOCIATED DOCUMENT DISCLOSURES** and to be sent to matthew@anniemaloney.com.
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Location Tax and Legal
Street Number: 1588
Street Name: Bears Den
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Single Family Residence
MLS Area Major: Sevierville
Subdivision Name: Hidden Springs Resort
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer
Architectural Style: Cabin; Log
Association Amenities: Pool
Association Fee Includes: Roads; Water
Attic Features: None
Basement: Basement; Crawl Space; Finished; Full
Construction Materials: Block; Frame; Log
Cooling: Electric; Heat Pump
Exterior Features: Rain Gutters
Fireplace Features: Gas Log
Flooring: Wood
Heating: Central; Electric; Heat Pump
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; Soaking Tub; Solid Surface Counters
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Three Or More
Listing Terms: 1031 Exchange; Cash; Conventional
Parking Features: Driveway; Paved
Patio And Porch Features: Deck
Pool Features: Hot Tub; Private
Possession: Close Of Escrow
Rental: Off Site; Rental History
Road Frontage Type: County Road; Private Road
Road Surface Type: Paved
Roof: Composition
Security Features: Gated Community; Security System; Smoke Detector(s)
Sewer: Shared Septic
View: Mountain(s)
Water Source: Private
Window Features: Double Pane Windows; Window Treatments
Showing Requirements: Appointment Only; See Remarks
Listing Office:
Prime Mountain Properties
Last Updated: September - 02 - 2024
Information deemed reliable but not guaranteed.