2020 Bear Creek Way, Sevierville, TN 37862
$960,000
Property Type:
Residential
Bedrooms:
5
Baths:
4
Square Footage:
2,232
Status:
Closed
Current Price:
$960,000
List Date:
6/25/2022
Last Modified:
8/31/2024
Description
Back on the market after financing fell through, this strong performing vacation rental grossed $133K in 2021 and in June-Dec. 2020 grossed $78K. Unbeatable location 7 minutes to Parkway, 15 minutes to Dollywood, 30 minutes to Greater Smoky Mountain National Park, and 40 minutes to Knoxville airport. It's a smooth, easy drive with paved roads up to the cabin - no steep, winding, or narrow roads! Located in Covered Bridge Resort, the HOA offers a community pool walking distance from the cabin. This fully furnished cabin comfortably sleeps 14 in 4 king bedrooms, 1 queen bedroom, and two queen sleeper sofas. Other amenities include an updated 7-person hot tub, new Roku TVs in every room, Air Hockey table, multigame arcade console, and a jacuzzi bath in the owner's bedroom. Enjoy peaceful wooded views from two levels of covered decks with plenty of seating and a propane grill. Just outside city limits of Pigeon Forge, yet still on city water and sewer, which means no sulfuric well water or septic issues here!
More Information MLS# 251457
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-2
Zoning Entity: Sevier County
Tax Lot: 54
Book/Page/Doc #: LM-5, 105
Tax Annual Amount: 2112.03
Tax Year: 2021
Contract Information
Association Type: Mandatory
Owner Name: Gary, Connie, & Eli Poenecker
Listing Agreement: Exclusive Right To Sell
Occupancy: Overnight Only
Common Interest: Planned Development
Rental History Gross Amount 1: 133087
Rental History Year 1: 2021
Association YN: Yes
Association Fee: 460
Association Fee Frequency: Quarterly
Association Name: Wise Property Solutions
Association Email: services@wisepropertysolutions.com
Current Price: $960,000
Original List Price: 975000
Sold Price: $960,000
Status: Closed
Listing Contract Date: 2022-06-25
General Property Information
Lot Size Acres: 0
Above Grade Finished Area: 1368
Below Grade Finished Area: 864
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 0
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
List Price/SqFt: 436.83
Sold Price/SqFt: 430.11
Living Area: 2232
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 4
Year Built: 2004
Remarks and Miscellaneous
Public Remarks: Back on the market after financing fell through, this strong performing vacation rental grossed $133K in 2021 and in June-Dec. 2020 grossed $78K. Unbeatable location 7 minutes to Parkway, 15 minutes to Dollywood, 30 minutes to Greater Smoky Mountain National Park, and 40 minutes to Knoxville airport. It's a smooth, easy drive with paved roads up to the cabin - no steep, winding, or narrow roads! Located in Covered Bridge Resort, the HOA offers a community pool walking distance from the cabin. This fully furnished cabin comfortably sleeps 14 in 4 king bedrooms, 1 queen bedroom, and two queen sleeper sofas. Other amenities include an updated 7-person hot tub, new Roku TVs in every room, Air Hockey table, multigame arcade console, and a jacuzzi bath in the owner's bedroom. Enjoy peaceful wooded views from two levels of covered decks with plenty of seating and a propane grill. Just outside city limits of Pigeon Forge, yet still on city water and sewer, which means no sulfuric well water or septic issues here!
Directions: Heading South on the Parkway, turn right onto Wears Valley Road, then in 2.8 miles turn right onto Waldens Creek Road. After .5 miles turn left onto Old Valley Road, then left onto Mountain Lodge Way in .2 miles. This will be the entrance into Covered Bridge Resort. Take the first left in the resort onto Mountain Lodge Way, then take a right onto Bear Creek Way in .2 Miles. The cabin will be on the right. GPS will take you directly to the property.
Status Change Information
Status Change Timestamp: 2022-10-04
Buyer Financing: Other
Anticipated Closing Date: 2022-09-26
Major Change Timestamp: 2022-10-04T17:19:06Z
Major Change Type: Status Change
Purchase Contract Date: 2022-08-25
Close Date: 2022-10-04
Close Price: 960000
Appliances
Dishwasher: 1
Dryer: 1
Electric Cooktop: 1
Microwave: 1
Refrigerator: 1
Self Cleaning Oven: 1
Washer: 1
Water Purifier: 1
Architectural Style
Cabin: 1
Association Amenities
Pool: 1
Association Fee Includes
Maintenance Grounds: 1
Roads: 1
Attic Features
None: 1
Basement
Crawl Space: 1
Finished: 1
Walk-Out Access: 1
Construction Materials
Log: 1
Cooling
Central Air: 1
Electric: 1
Fireplace Features
Fireplaces Total: 2
Electric: 1
Flooring
Wood: 1
Heating
Central: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
High Speed Internet: 1
Solid Surface Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Three Or More: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Wooded: 1
Parking Features
Driveway: 1
Paved: 1
Patio And Porch Features
Covered: 1
Deck: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Showing Instructions: Property is an active overnight rental. To schedule showing appointments, contact listing agent at (806) 335-6020. Please provide pre-qualification letter or proof of funds with offers.
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Room Types
Bedroom 2: 1
Bedroom 2 Level: 1
Bedroom 3: 1
Bedroom 3 Level: 1
Bedroom 4: 1
Bedroom 4 Level: B
Dining Room: 1
Dining Room Level: 1
Game Room: 1
Game Room Level: B
Kitchen: 1
Kitchen Level: 1
Living Room: 1
Living Room Level: 1
Other: 1
Other Level: B
Primary Bedroom: 1
Primary Bedroom Level: 2
Location Tax and Legal
Street Number: 2020
Street Name: Bear Creek
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Single Family Residence
MLS Area Major: Sevierville
Subdivision Name: Covered Bridge Resort
Property Features
Appliances: Dishwasher; Dryer; Electric Cooktop; Microwave; Refrigerator; Self Cleaning Oven; Washer; Water Purifier
Architectural Style: Cabin
Association Amenities: Pool
Association Fee Includes: Maintenance Grounds; Roads
Attic Features: None
Basement: Crawl Space; Finished; Walk-Out Access
Construction Materials: Log
Cooling: Central Air; Electric
Fireplace Features: Electric
Flooring: Wood
Heating: Central
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); High Speed Internet; Solid Surface Counters
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Three Or More
Listing Terms: Cash; Conventional
Lot Features: Wooded
Parking Features: Driveway; Paved
Patio And Porch Features: Covered; Deck
Pool Features: Hot Tub
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Composition
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Water Source: Public
Showing Requirements: Appointment Only; Call Listing Agent; See Remarks
Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Game Room; Kitchen; Living Room; Other; Primary Bedroom
Room Information
Primary Bedroom
Level: Second
Bedroom 2
Level: First
Bedroom 3
Level: First
Bedroom 4
Level: Basement
Kitchen
Level: First
Dining Room
Level: First
Living Room
Level: First
Game Room
Level: Basement
Other
Level: Basement
Remarks: Bedroom 5
Primary Bedroom
Level: Second
Bedroom 2
Level: First
Bedroom 3
Level: First
Bedroom 4
Level: Basement
Kitchen
Level: First
Dining Room
Level: First
Living Room
Level: First
Game Room
Level: Basement
Other
Level: Basement
Listing Office:
Keller Williams Realty Nashville/Franklin
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.