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.