1627 Kissing Way, Pigeon Forge, TN 37862 (MLS# 225803)

1627 Kissing Way, Pigeon Forge, TN 37862

$817,500
Property Type: Residential Bedrooms: 8 Baths: 7 Square Footage: 3,960 Status: Closed
Current Price: $817,500 List Date: 11/19/2019 Last Modified: 9/02/2024

Overview

Description

This Turn Key rental cabin already has $93,000+ of reservations on the books for the next 12 months. Take advantage of all the growth currently scheduled for the area. Call your agent and ask for a copy of the Documents to see the numbers for yourself and what a Fantastic Opportunity this is. Enjoy the mountain experience from Three Spacious Decks. The main floor offers plenty of space for family dining, resting and entertain with a Black Diamond Theater Screen, Stone Fireplace, Karaoke, plenty of seating, along with a washer and dryer and Master on the Main. Second level has large gaming area and arcade room, pool table, air hockey, great gaming system, 3 bedrooms and 3 baths. From the 3rd floor experience the views from inside the sitting area with cathedral ceiling and fireplace or out on the spacious porch. All of the new building restrictions make this a real bargain compared to building a big cabin like this. Cap rate 6.95%, DSCR 1.35, Cash on Cash 7.81% with 80% LTV for 2018. ...

Listing Details MLS# 225803

General Property Information

Living Area
3960
Above Grade Finished Area
3960
Bedrooms Total
8
Bathrooms Total
7
Bathrooms Full
7
Garage YN
No
Year Built
2006
Bonus Room YN
Yes
Number of Bonus Rooms
2
Accessory Dwelling Unit YN
No
Sign On Property YN
No
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
List Price/SqFt
220.96
Sold Price/SqFt
206.44
Lot Size Acres
0
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Cabin Association Amenities: Pool Association Fee Includes: Roads; Water Basement: Crawl Space Construction Materials: Log Cooling: Central Air; Electric Exterior Features: Rain Gutters Fireplace Features: Electric; Insert Heating: Central Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet; Other Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Wooded Other Equipment: Satellite Dish Leased Parking Features: Driveway; Paved Patio And Porch Features: Deck Pool Features: Hot Tub Possession: Close Of Escrow Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Sewer: Shared Septic Water Source: Private Showing Requirements: Appointment Only

Location Tax and Legal

Street Number
1627
Street Name
Kissing
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37862
Property Sub Type
Single Family Residence
MLS Area Major
Pigeon Forge
Subdivision Name
Hidden Springs Resort

Contract Information

Original List Price
875000
Listing Contract Date
2019-11-19
Owner Name
Hendrick Investments Llc
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Common Interest
Planned Development
Association YN
No
Association Fee
133
Association Name
Hiddden Springs
Rental History Gross Amount 1
0
Rental History Year 1
0
Rental History Gross Amount 2
0
Rental History Year 2
0

Remarks and Miscellaneous

Public Remarks
This Turn Key rental cabin already has $93,000+ of reservations on the books for the next 12 months. Take advantage of all the growth currently scheduled for the area. Call your agent and ask for a copy of the Documents to see the numbers for yourself and what a Fantastic Opportunity this is. Enjoy the mountain experience from Three Spacious Decks. The main floor offers plenty of space for family dining, resting and entertain with a Black Diamond Theater Screen, Stone Fireplace, Karaoke, plenty of seating, along with a washer and dryer and Master on the Main. Second level has large gaming area and arcade room, pool table, air hockey, great gaming system, 3 bedrooms and 3 baths. From the 3rd floor experience the views from inside the sitting area with cathedral ceiling and fireplace or out on the spacious porch. All of the new building restrictions make this a real bargain compared to building a big cabin like this. Cap rate 6.95%, DSCR 1.35, Cash on Cash 7.81% with 80% LTV for 2018. 2019 is on track to meet or exceed 2018. Square footage and all other information is deemed to be reliable, but should always be independently verified by the buyers prior to purchase. Water and Sewer are community system. Call, email, or text any agent today for and ask for a copy of the Documents to see the numbers for yourself, what a Fantastic Opportunity this is. For a more detailed look at the cabin and amenities copy and paste the following link into your browser: https://patriotgetaways.com/cabins/in-pigeon-forge/shangri-lodge.html
Directions
From Dollywood off Veterans Blvd take McCarter Hollow Rd, it will take you directly into Hidden Springs Resort. Once in the Resort take Bear Cub Way, all the way to Kissing Way.

Status Change Information

Major Change Timestamp
2020-01-02T17:20:18Z
Major Change Type
Status Change
Status Change Timestamp
2020-01-02
Purchase Contract Date
2019-12-04
Close Date
2020-01-02
Close Price
817500
Buyer Financing
Conventional

More Information

Showing Requirements

Showing Instructions
To Show Call CSS 866-744-3883. Any questions or offers contact Bo Thompson Direct 865-621-1781, Fax 865-329-6406, email bo@bothompson.com. Approval letter or Proof of Funds must accompany all offers. Sq Ft is from Tax Records with the converted Elevator Shaft of 8 x 7 added 56 Sq Ft to each floor. **Square footage and all other information is deemed to be reliable, but should always be independently verified by the buyers prior to purchase.** $1000 transfer fee for use of pool due by Buyer at closing. Water and Sewer are on a community system, All fixtures and equipment to remain with the exception of rented equipment.
Appointment Only
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
Residential
Zoning Entity
Sevier County
Tax Lot
No
Book/Page/Doc #
No
Tax Annual Amount
1630.9
Tax Year
2018

Appliances

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

Architectural Style

Cabin
Yes

Association Amenities

Pool
Yes

Association Fee Includes

Roads
Yes
Sewer
Yes
Water
Yes

Basement

Crawl Space
Yes

Construction Materials

Log
Yes

Cooling

Central Air
Yes
Electric
Yes

Exterior Features

Rain Gutters
Yes

Fireplace Features

Electric
Yes
Insert
Yes

Heating

Central
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Ceiling Fan(s)
Yes
Great Room
Yes
High Speed Internet
Yes
Other
Yes

Levels

Three Or More
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Wooded
Yes

Other Equipment

Satellite Dish Leased
Yes

Parking Features

Driveway
Yes
Paved
Yes

Patio And Porch Features

Deck
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Shared Septic
Yes

Water Source

Private
Yes
Listing Office: Smokies Investors Real Estate & Auc
Last Updated: September - 02 - 2024
Information deemed reliable but not guaranteed.
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