1940 Wears Valley Road, Bear Creek Retreat, Sevierville, TN 37862
$1,200,000
Property Type:
Residential
Bedrooms:
7
Baths:
21
Square Footage:
8,044
Lot Size (sq. ft.):
871,200
Status:
Closed
Current Price:
$1,200,000
List Date:
5/26/2017
Last Modified:
8/30/2024
Description
Fantastic investment opportunity! Private, unique retreat on a crystal clean mountain stream. Seven cabins on 20 forested acres, with proven rental income just minutes from the main Parkway in the middle of Pigeon Forge. (1.) Nikhia's Loft is a 1BR honeymoon cabin w/ $26k rentals for 2016. (2.) Nature's Dream is a 3BR (plus loft), sleeps 10, w/ $44k rentals for 2016. (3.) Rolling Creek is a 2BR, sleeps 4, w/ $34k rentals for 2016. (4.) On the Creek is a 7BR, sleeps 17, w/ $87k rentals for 2016. (5.) Hillside Haven, built in 2008, is a 3BR, sleeps 12, w/ $52K rentals for 2016. (6.) Whispering Brook is currently leased to the caretaker for the property for $500 per month. (7.) Secret Hideaway is the personal cabin used by the owners. It's a 4BR and is not on the rental market. Some cabins are located on the stream while others have a view of the stream. It is a beautiful, pristine, stream with rock outcroppings perfect for picnics. The sounds of the rushing water will lull you to sleep and the gazebo next to the stream has been the site for many romantic weddings. Whether you are looking for a family retreat or retirement income, check out this unique income producing property. The newest cabin was built in 2008. Other cabins were built prior to that. More photos and video coming soon.
More Information MLS# 210080
Location, Tax, and Legal
Street Additional Info: Bear Creek Retreat
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: Tr-2
Book/Page/Doc #: 2122, 1
Tax Annual Amount: 4301
Tax Year: 2016
Contract Information
Owner Name: Gayda
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Rental History Gross Amount 1: 249000
Rental History Year 1: 2016
Rental History Gross Amount 2: 0
Rental History Year 2: 0
Association YN: No
Association Fee: 0
Current Price: $1,200,000
Original List Price: 1650000
Sold Price: $1,200,000
Status: Closed
Listing Contract Date: 2017-05-26
General Property Information
Lot Size Acres: 20
Above Grade Finished Area: 8044
Below Grade Finished Area: 0
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 3
Garage Spaces: 0
Bonus Room YN: No
Number of Bonus Rooms: 0
Furnished: Furnished
Accessory Dwelling Unit YN: No
Sign On Property YN: No
Home Warranty YN: No
Construction Type: Site Built
View YN: Yes
Waterfront YN: Yes
List Price/SqFt: 198.78
Sold Price/SqFt: 149.18
Living Area: 8044
Bedrooms Total: 7
Bathrooms Total: 21
Bathrooms Full: 18
Year Built: 2000
Remarks and Miscellaneous
Public Remarks: Fantastic investment opportunity! Private, unique retreat on a crystal clean mountain stream. Seven cabins on 20 forested acres, with proven rental income just minutes from the main Parkway in the middle of Pigeon Forge. (1.) Nikhia's Loft is a 1BR honeymoon cabin w/ $26k rentals for 2016. (2.) Nature's Dream is a 3BR (plus loft), sleeps 10, w/ $44k rentals for 2016. (3.) Rolling Creek is a 2BR, sleeps 4, w/ $34k rentals for 2016. (4.) On the Creek is a 7BR, sleeps 17, w/ $87k rentals for 2016. (5.) Hillside Haven, built in 2008, is a 3BR, sleeps 12, w/ $52K rentals for 2016. (6.) Whispering Brook is currently leased to the caretaker for the property for $500 per month. (7.) Secret Hideaway is the personal cabin used by the owners. It's a 4BR and is not on the rental market. Some cabins are located on the stream while others have a view of the stream. It is a beautiful, pristine, stream with rock outcroppings perfect for picnics. The sounds of the rushing water will lull you to sleep and the gazebo next to the stream has been the site for many romantic weddings. Whether you are looking for a family retreat or retirement income, check out this unique income producing property. The newest cabin was built in 2008. Other cabins were built prior to that. More photos and video coming soon.
Directions: From the Parkway in Pigeon Forge, (US 441), turn @ Traffic Light #3 onto WEARS VALLEY Rd. toward Townsend. Drive about 4 miles & turn right (across from the Zipline). Look for the sign Bear Creek Retreat.
Status Change Information
Status Change Timestamp: 2017-09-14
Buyer Financing: Conventional
Major Change Timestamp: 2017-09-14T15:37:37Z
Major Change Type: Status Change
Price Change Timestamp: 2017-09-14T09:00:00Z
Purchase Contract Date: 2017-08-20
Close Date: 2017-09-14
Close Price: 1200000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Log: 1
Basement
Crawl Space: 1
Construction Materials
Frame: 1
Log: 1
Log Siding: 1
Wood Siding: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Window Unit(s): 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Gas Log: 1
Flooring
Wood: 1
Heating
Central: 1
Electric: 1
Heat Pump: 1
Interior Features
Ceiling Fan(s): 1
Great Room: 1
Tile Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
One: 1
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Level: 1
Private: 1
Water Amenity: 1
Wooded: 1
Other Structures
Outbuilding: 1
Parking Features
Driveway: 1
Private: 1
Patio And Porch Features
Deck: 1
Patio: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Road Frontage Type
County Road: 1
Private Road: 1
State Road: 1
Road Surface Type
Gravel: 1
Security Features
Smoke Detector(s): 1
Sewer
Septic Tank: 1
View
River: 1
Water Source
Private: 1
Waterfront Features
Creek: 1
River Front: 1
Window Features
Double Pane Windows: 1
Showing Requirements
Appointment Only: 1
Lockbox: 1
Showing Instructions: Information taken from sellers and tax records and deemed reliable but not verified. Buyers to verify independently. Seller authorizes Crye-Leike to be the holder of earnest money. Please contact Appointment Center (865) 675-4545 to schedule showings. Text or call listing agent after hours or holidays (865) 446-0126.
See Remarks: 1
Location Tax and Legal
Street Number: 1940
Street Name: Wears Valley
Street Suffix: Road
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Single Family Residence
MLS Area Major: Wears Valley
Subdivision Name: Other
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style: Log
Basement: Crawl Space
Construction Materials: Frame; Log; Log Siding; Wood Siding
Cooling: Central Air; Electric; Heat Pump; Window Unit(s)
Exterior Features: Rain Gutters
Fireplace Features: Gas Log
Flooring: Wood
Heating: Central; Electric; Heat Pump
Interior Features: Ceiling Fan(s); Great Room; Tile Counters
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: One; Two
Listing Terms: Cash; Conventional
Lot Features: Level; Private; Water Amenity; Wooded
Other Structures: Outbuilding
Parking Features: Driveway; Private
Patio And Porch Features: Deck; Patio
Pool Features: Hot Tub
Possession: Close Of Escrow
Road Frontage Type: County Road; Private Road; State Road
Road Surface Type: Gravel
Security Features: Smoke Detector(s)
Sewer: Septic Tank
View: River
Water Source: Private
Waterfront Features: Creek; River Front
Window Features: Double Pane Windows
Showing Requirements: Appointment Only; Lockbox; See Remarks
Listing Office:
Crye-Leike Realtors
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.