1935 Livingston Way, #1, #2, #3, #4, #5, #6, #7, #8, Sevierville, TN 37876
$2,430,000
Property Type:
Commercial Sale
Square Footage:
5,638
Lot Size (sq. ft.):
596,859
Status:
Closed
Current Price:
$2,430,000
List Date:
5/06/2021
Last Modified:
8/23/2024
Description
8 Cabins on 13 Acres right off the Spur/Parkway with possible 5 to 8 extra building lots. Own a Mountain in the Smokies and create your own retreat! Build a pool amenity with game room & putt putt golf and guest will love it. Five 1 bedroom/1 bath, One Studio, One 2 bedroom/1 bath, and One 2 bedroom/2bath cabins. All cabins have fire pits and Five cabins have magnificent views. If you are looking to self manage, this is a winner. Current owner would be willing to work with new purchaser to teach and take over website. The seller has mastered renting in the Smokies and is willing to share. All cabins need to be cleaned and stained, change out some carpet, updating of furnishings, and smart TV's. Location is the key to the success! Rate of Return at current income is 10.19%. Improve properties and add more cabins to property and watch the income. Yearly /Expenses: Advertising $21,122, Insurance $4,902, Repairs & Maintenance $6,524, Supplies $953, Taxes $3,881, TV/Internet/Utilities $20,240, Pest/Security/Road Maintenance $6,125. Net income of $285,227 for 2020. Water tower supplies all water to all 8 cabins. 13 acres are on two parcels.
More Information MLS# 242313
Location, Tax, and Legal
Street Additional Info: #1, #2, #3, #4, #5, #6, #7, #8
Restrictive Covenants YN: No
Zoning: A-1
Zoning Entity: Sevier County
Parcel Number: 084.01
Tax Lot: 0
Tax Annual Amount: 3702.33
Tax Year: 2019
Contract Information
Owner Name: Gilliam
Listing Agreement: Exclusive Right To Sell
Rental History Gross Amount 1: 348974
Rental History Year 1: 2020
Current Price: $2,430,000
Original List Price: 2999900
Sold Price: $2,430,000
Status: Closed
Listing Contract Date: 2021-05-06
General Property Information
Number Of Buildings: 8
Lot Size Acres: 13.702
Business Name: Bear Tracks Cabins
Bonus Room YN: No
Sign On Property YN: No
List Price/SqFt: 478.89
Sold Price/SqFt: 431
Living Area: 5638
Year Built: 1994
Remarks and Miscellaneous
Public Remarks: 8 Cabins on 13 Acres right off the Spur/Parkway with possible 5 to 8 extra building lots. Own a Mountain in the Smokies and create your own retreat! Build a pool amenity with game room & putt putt golf and guest will love it. Five 1 bedroom/1 bath, One Studio, One 2 bedroom/1 bath, and One 2 bedroom/2bath cabins. All cabins have fire pits and Five cabins have magnificent views. If you are looking to self manage, this is a winner. Current owner would be willing to work with new purchaser to teach and take over website. The seller has mastered renting in the Smokies and is willing to share. All cabins need to be cleaned and stained, change out some carpet, updating of furnishings, and smart TV's. Location is the key to the success! Rate of Return at current income is 10.19%. Improve properties and add more cabins to property and watch the income. Yearly /Expenses: Advertising $21,122, Insurance $4,902, Repairs & Maintenance $6,524, Supplies $953, Taxes $3,881, TV/Internet/Utilities $20,240, Pest/Security/Road Maintenance $6,125. Net income of $285,227 for 2020. Water tower supplies all water to all 8 cabins. 13 acres are on two parcels.
Directions: Travel South on Parkway from Pigeon Forge onto the Spur, go to the first left and cross over river, go left and take immediate right onto King Branch, Go about .08 miles take left at Honey Bears sign, Go uphill and go through gate and follow signs to cabins.
Status Change Information
Status Change Timestamp: 2021-12-30
Buyer Financing: Conventional
Major Change Timestamp: 2021-12-30T06:39:28Z
Major Change Type: Status Change
Price Change Timestamp: 2021-07-14T04:59:40Z
Purchase Contract Date: 2021-08-13
Close Date: 2021-12-30
Close Price: 2430000
Currently Not Used
Book/Page/Doc #: 4932, 559
Basement
Dirt Floor: 1
Exterior Entry: 1
Partial: 1
Partially Finished: 1
Construction Materials
Cedar: 1
Log Siding: 1
Cooling
Electric: 1
Heat Pump: 1
Humidity Control: 1
Electric
220 Volts: 1
Heating
Central: 1
Electric: 1
Heat Pump: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Parking Features
On Site: 1
Possession
Close Of Escrow: 1
Road Frontage Type
County Road: 1
Easement: 1
Private Road: 1
Road Surface Type
Gravel: 1
Sewer
Septic Tank: 1
Utilities
Electricity Available: 1
Water Connected: 1
Owner Pays
Water: 1
Possible Use
Other: 1
Building Features
Furniture: 1
Business Type
Hotel/Motel: 1
Showing Requirements
Call Listing Agent: 1
Listing Agent Must Accompany: 1
Showing Instructions: Call Kathleen Wallace for availability and showings at 865-441-6526. All offers to be accompanied by pre-qualification letter or proof of funds(NOEXCEPTION). Minimum earnest money of $25,000 required. As with all Real Estate transactions you should verify all information independently.. Buy Title insurance, have a survey, home inspection, and all other needed inspections. Equal Housing Opportunity,
Location Tax and Legal
Street Number: 1935
Street Name: Livingston
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37876
Property Sub Type: Other
MLS Area Major: Pigeon Forge
Subdivision Name: Other
Property Features
Basement: Dirt Floor; Exterior Entry; Partial; Partially Finished
Building Features: Furniture
Business Type: Hotel/Motel
Construction Materials: Cedar; Log Siding
Cooling: Heat Pump; Humidity Control
Electric: 220 Volts
Heating: Central; Electric; Heat Pump
Listing Terms: 1031 Exchange; Cash; Conventional; Fee Simple Improved
Owner Pays: Water
Parking Features: On Site
Possession: Close Of Escrow
Possible Use: Other
Road Frontage Type: County Road; Easement; Private Road
Road Surface Type: Gravel
Sewer: Septic Tank
Utilities: Electricity Available; Water Connected
Showing Requirements: Call Listing Agent; Listing Agent Must Accompany
Listing Office:
Smokies Investors Real Estate & Auc
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.