2241 Legend Drive, Sevierville, TN 37876
$1,775,000
Property Type:
Residential
Bedrooms:
6
Baths:
7
Square Footage:
6,383
Lot Size (sq. ft.):
27,878
Status:
Closed
Current Price:
$1,775,000
List Date:
1/29/2021
Last Modified:
8/30/2024
Description
This is your chance to own one of the most remarkable pool cabins in the area! This cabin has been a beloved second home, and is currently on a very productive overnight rental program. The cabin is centrally located with easy access to all parts of the area without going through high traffic areas. Sellers have made recent investments in the property, including new pool equipment, new septic system upgrades, new well pump, furnishings and TVs. The cabin is easily accessed by paved roads that are not steep at all, but boasts a beautiful Mountain View. Indoor pool is humidity and temperature controlled. Cabin is currently on VRBO/Air Bnb self managed by the seller, and has over 130 *5 STAR* reviews. Seller will agree to transfer all available reviews, cabin name and future bookings to new owner, allowing the income stream to be uninterrupted! Shared well and driveway per deed. Seller may offer buyer participation in continued management of the property for very reasonable fee (less than local companies), by separate agreement. INCOME INFORMATION: For 2020, cabin had NET income (after taxes, cleaning fees, listing fees) of $184,071.44. As of listing date, there is $140,019.55 NET in present and future bookings for 2021.
More Information MLS# 240302
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Parcel Number: 097P B 014
Tax Lot: 14
Book/Page/Doc #: 4699, 40
Tax Annual Amount: 2394.29
Tax Year: 2019
Contract Information
Association Type: None
Owner Name: White & Pola LLC
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Association YN: No
Current Price: $1,775,000
Original List Price: 1800000
Sold Price: $1,775,000
Status: Closed
Listing Contract Date: 2021-01-29
General Property Information
Lot Size Dimensions: 208 X 172
Lot Size Acres: 0.64
Above Grade Finished Area: 4066
Below Grade Finished Area: 2317
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: 300.8
Sold Price/SqFt: 296.62
Living Area: 6383
Bedrooms Total: 6
Bathrooms Total: 7
Bathrooms Full: 6
Year Built: 2006
Remarks and Miscellaneous
Public Remarks: This is your chance to own one of the most remarkable pool cabins in the area! This cabin has been a beloved second home, and is currently on a very productive overnight rental program. The cabin is centrally located with easy access to all parts of the area without going through high traffic areas. Sellers have made recent investments in the property, including new pool equipment, new septic system upgrades, new well pump, furnishings and TVs. The cabin is easily accessed by paved roads that are not steep at all, but boasts a beautiful Mountain View. Indoor pool is humidity and temperature controlled. Cabin is currently on VRBO/Air Bnb self managed by the seller, and has over 130 *5 STAR* reviews. Seller will agree to transfer all available reviews, cabin name and future bookings to new owner, allowing the income stream to be uninterrupted! Shared well and driveway per deed. Seller may offer buyer participation in continued management of the property for very reasonable fee (less than local companies), by separate agreement. INCOME INFORMATION: For 2020, cabin had NET income (after taxes, cleaning fees, listing fees) of $184,071.44. As of listing date, there is $140,019.55 NET in present and future bookings for 2021.
Directions: From Pigeon Forge, take Dollywood Lane at light #8 which becomes Upper Middle Creek Rd. Follow to the end, at Dunn's Creek market, and make a right turn onto Birds Creek Rd. Follow about 3.5 miles to left on Kings Hollow. Immediately upon turning in, the road splits-- take the left branch onto Legend Drive. Follow to the end, 2241 "Legend Crest" cabin is on the left.
Status Change Information
Status Change Timestamp: 2021-03-31
Buyer Financing: Other
Anticipated Closing Date: 2021-03-31
Major Change Timestamp: 2021-03-31T16:40:42Z
Major Change Type: Status Change
Purchase Contract Date: 2021-01-31
Close Date: 2021-03-31
Close Price: 1775000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cabin: 1
Log: 1
Basement
Basement: 1
Finished: 1
Walk-Out Access: 1
Construction Materials
Log: 1
Other: 1
Cooling
Central Air: 1
Electric: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Gas Log: 1
Flooring
Wood: 1
Foundation Details
Slab: 1
Heating
Electric: 1
Heat Pump: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Formal Dining: 1
Solid Surface Counters: 1
Tile Counters: 1
Wet Bar: 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
Patio And Porch Features
Deck: 1
Pool Features
In Ground: 1
Possession
Close Of Escrow: 1
Other: 1
Rental
Rental History: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Security Features
Security System: 1
Smoke Detector(s): 1
Sewer
Septic Tank: 1
Septic Permit On File: 1
View
Mountain(s): 1
Water Source
Shared Well: 1
Window Features
Double Pane Windows: 1
Window Treatments: 1
Showing Requirements
Call Listing Agent: 1
Showing Instructions: Shared well and driveway per deed. Seller may offer buyer participation in continued management of the property for very reasonable fee (less than local companies), by separate agreement. Agents please contact Jane for showing instructions t (865) 313-1277. INCOME INFORMATION: For 2020, cabin had NET income (after taxes, cleaning fees, listing fees) of $184,071.44. As of listing date, there is $140,019.55 NET in present and future bookings for 2021.
See Remarks: 1
Location Tax and Legal
Street Number: 2241
Street Name: Legend
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37876
Property Sub Type: Single Family Residence
MLS Area Major: Sevierville
Subdivision Name: Other
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Washer
Architectural Style: Cabin; Log
Basement: Basement; Finished; Walk-Out Access
Construction Materials: Log; Other
Cooling: Central Air; Electric
Exterior Features: Rain Gutters
Fireplace Features: Gas Log
Flooring: Wood
Foundation Details: Slab
Heating: Electric; Heat Pump
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Formal Dining; Solid Surface Counters; Tile Counters; Wet Bar
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Three Or More
Listing Terms: Cash; Conventional
Lot Features: Wooded
Patio And Porch Features: Deck
Pool Features: In Ground
Possession: Close Of Escrow; Other
Rental: Rental History
Road Surface Type: Paved
Roof: Composition
Security Features: Security System; Smoke Detector(s)
Sewer: Septic Tank; Septic Permit On File
View: Mountain(s)
Water Source: Shared Well
Window Features: Double Pane Windows; Window Treatments
Showing Requirements: Call Listing Agent; See Remarks
Listing Office:
Prime Mountain Properties
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.