2517 Laurel Point Way, Lazy Bear Lodge, Sevierville, TN 37862
$1,600,000
Property Type:
Residential
Bedrooms:
6
Baths:
8
Square Footage:
4,800
Status:
Closed
Current Price:
$1,600,000
List Date:
2/18/2024
Last Modified:
8/29/2024
Description
Meticulously maintained by owners who have an eye for detail! This home features all the amenities that make a successful short term rental in the Great Smoky Mountains: indoor heated swimming pool, game room, theater room, large open common area / kitchen, multiple levels of covered decks (5 total!), 6 large bedrooms w/ en suites, mountain views, and 12 minutes to the Pigeon Forge Parkway! Multiple additions added by the owners include: hard landscaping, gutters, water diversion, added exterior lighting, additional opening windows to help air flow, upgraded mini split system in pool room, upgraded dehumidifier in pool room, sealed pool deck, pool cover, additional exterior lighting on all decks, built in tables and seating, extended lighting chain pulls, and instructions and labels on how to operate and use just about everything in the home! Other features include: handsome tongue and groove throughout, high ceilings on the main floor, cathedral ceilings on the top floor, granite counters in the kitchen, and a tasteful interior outfitting.
More Information MLS# 268457
Location, Tax, and Legal
Street Additional Info: Lazy Bear Lodge
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 103R
Book/Page/Doc #: 5647, 99
Tax Annual Amount: 3119.84
Tax Year: 2022
Contract Information
Association Type: Mandatory
Owner Name: Lee
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Common Interest: Planned Development
Association YN: Yes
Association Fee: 550
Association Fee Frequency: Quarterly
Association Name: Smoky Mountain Ridge
Association Email: hooverhoaconsulting@gmail.com
Current Price: $1,600,000
Original List Price: 1699900
Sold Price: $1,600,000
Status: Closed
Listing Contract Date: 2024-02-17
General Property Information
Lot Size Acres: 0
Above Grade Finished Area: 3200
Below Grade Finished Area: 1600
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 2
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: 354.15
Sold Price/SqFt: 333.33
Living Area: 4800
Bedrooms Total: 6
Bathrooms Total: 8
Bathrooms Full: 6
Year Built: 2019
Remarks and Miscellaneous
Public Remarks: Meticulously maintained by owners who have an eye for detail! This home features all the amenities that make a successful short term rental in the Great Smoky Mountains: indoor heated swimming pool, game room, theater room, large open common area / kitchen, multiple levels of covered decks (5 total!), 6 large bedrooms w/ en suites, mountain views, and 12 minutes to the Pigeon Forge Parkway! Multiple additions added by the owners include: hard landscaping, gutters, water diversion, added exterior lighting, additional opening windows to help air flow, upgraded mini split system in pool room, upgraded dehumidifier in pool room, sealed pool deck, pool cover, additional exterior lighting on all decks, built in tables and seating, extended lighting chain pulls, and instructions and labels on how to operate and use just about everything in the home! Other features include: handsome tongue and groove throughout, high ceilings on the main floor, cathedral ceilings on the top floor, granite counters in the kitchen, and a tasteful interior outfitting.
Directions: From Pkwy Pigeon Forge. Traffic light #3 take Wears Valley Rd/ Highway 321 towards Townsend. Go 4.8 miles to a LEFT onto Smoky Ridge Way. Veer LEFT after crossing the bridge. Go .7 miles and turn LEFT onto Boulder Way. Go .3 miles to a RIGHT onto Laurel Point Way. Cabin is last on LEFT. See sign.
Status Change Information
Status Change Timestamp: 2024-04-29
Buyer Financing: Cash
Anticipated Closing Date: 2024-04-24
Major Change Timestamp: 2024-04-29T18:07:44Z
Major Change Type: Status Change
Purchase Contract Date: 2024-02-22
Close Date: 2024-04-26
Close Price: 1600000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cabin: 1
Association Amenities
Management: 1
Pool: 1
Other: 1
Association Fee Includes
Maintenance Grounds: 1
Roads: 1
Attic Features
Access Only: 1
Basement
Basement: 1
Crawl Space: 1
Finished: 1
Construction Materials
Log Siding: 1
Wood Siding: 1
Cooling
Electric: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Fireplaces Total: 1
Electric: 1
Foundation Details
Combination: 1
Heating
Electric: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Great Room: 1
Solid Surface Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Three Or More: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Patio And Porch Features
Covered: 1
Deck: 1
Pool Features
In Ground: 1
Possession
Close Of Escrow: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Security Features
Smoke Detector(s): 1
Sewer
Shared Septic: 1
View
Mountain(s): 1
Seasonal: 1
Water Source
Public: 1
Window Features
Double Pane Windows: 1
Showing Requirements
Showing Instructions: To show, submit offers, or ask questions contact Greg at 865-643-2103 // gregkorlin@gmail.com // Home has a CO for 12 // Seller willing to offer a $50,000 sprinkler retro fit escrow credit with full price offer // Varied but strong rental history due to seller switching rental companies multiple times as they settled into the market // 2020: $145,517 gross > 171 nights occupied > $850 avg. rate // 2021: $217,357 gross > 220 nights rented > $987 avg. rate // 2022: $150,237 gross > 197 nights rented > $762 avg. rate // 2023: $136,987 gross > 173 nights rented > $791 avg. rate // 2024: $61,416 // 84 nights rented // $731 avg. rate // Seller would like to transition off of current rental company post closing TO BE NEGOTIATED // ITEMS THAT DO NOT CONVEY: 1 arcade game closest to laundry room, Betty Boop Photo and 2 Guitars and Carved Bear on rear deck middle floor.
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Location Tax and Legal
Street Number: 2517
Street Name: Laurel Point
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Single Family Residence
MLS Area Major: Sevierville
Subdivision Name: Smoky Mountain Ridge
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style: Cabin
Association Amenities: Management; Pool; Other
Association Fee Includes: Maintenance Grounds; Roads
Attic Features: Access Only
Basement: Basement; Crawl Space; Finished
Construction Materials: Log Siding; Wood Siding
Cooling: Electric
Exterior Features: Rain Gutters
Fireplace Features: Electric
Foundation Details: Combination
Heating: Electric
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; Solid Surface Counters
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Three Or More
Listing Terms: 1031 Exchange; Cash; Conventional
Patio And Porch Features: Covered; Deck
Pool Features: In Ground
Possession: Close Of Escrow
Road Surface Type: Paved
Roof: Metal
Security Features: Smoke Detector(s)
Sewer: Shared Septic
View: Mountain(s); Seasonal
Water Source: Public
Window Features: Double Pane Windows
Showing Requirements: See Remarks
Listing Office:
Century 21 MVP
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.