2520 Mountain Holly Way, Sevierville, TN 37862
$1,800,000
Property Type:
Residential
Bedrooms:
4
Baths:
5
Square Footage:
3,024
Lot Size (sq. ft.):
44,867
Status:
Closed
Current Price:
$1,800,000
List Date:
3/23/2022
Last Modified:
8/29/2024
Listing Details MLS# 248192
General Property Information
- Lot Size Acres
- 1.03
- Living Area
- 3024
- Above Grade Finished Area
- 1848
- Below Grade Finished Area
- 1176
- Bedrooms Total
- 4
- Bathrooms Total
- 5
- Bathrooms Full
- 4
- Bathrooms Half
- Yes
- Garage YN
- No
- Year Built
- 2019
- Bonus Room YN
- No
- Accessory Dwelling Unit YN
- No
- Sign On Property YN
- No
- Home Warranty YN
- No
- Furnished
- Furnished
- Construction Type
- Site Built
- View YN
- Yes
- List Price/SqFt
- 644.84
- Sold Price/SqFt
- 595.24
- Below Grade Unfinished Area
- 0
- Garage Spaces
- 0
Property Features
Appliances:
Dishwasher; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer; Water Purifier; Water Softener Owned
Architectural Style:
Cabin
Association Fee Includes:
Insurance; Maintenance Grounds; Roads
Attic Features:
None
Basement:
Finished
Construction Materials:
Frame; Log Siding; Masonry; Wood Siding
Cooling:
Central Air; Heat Pump
Exterior Features:
Rain Gutters
Fireplace Features:
Gas Log
Foundation Details:
Slab
Heating:
Central; Electric; Heat Pump
Laundry Features:
Electric Dryer Hookup; Washer Hookup
Levels:
Tri-Level
Listing Terms:
1031 Exchange; Cash; Conventional
Patio And Porch Features:
Deck
Pool Features:
Hot Tub
Possession:
Close Of Escrow
Rental:
Rental History
Roof:
Composition; Metal
Security Features:
Gated Community; Smoke Detector(s)
Sewer:
Septic Tank; Septic Permit On File
View:
Mountain(s); Seasonal
Water Source:
Well
Window Features:
Double Pane Windows
Showing Requirements:
Call Listing Agent; See Remarks
Location Tax and Legal
- Street Number
- 2520
- Street Name
- Mountain Holly
- Street Suffix
- Way
- County
- Sevier
- State
- TN
- Zip Code
- 37862
- Property Sub Type
- Single Family Residence
- MLS Area Major
- Sevierville
- Subdivision Name
- Waldens Ridge
Contract Information
- Original List Price
- 2375000
- Listing Contract Date
- 2022-03-23
- Owner Name
- Korlin
- Listing Agreement
- Exclusive Right To Sell
- Occupancy
- Either
- Rental History Gross Amount 1
- 224392
- Rental History Year 1
- 2021
- Rental History Gross Amount 2
- 152762
- Rental History Year 2
- 2020
- Association YN
- Yes
- Association Fee
- 350
- Association Fee Frequency
- Annually
- Association Name
- Waldens Ridge HOA
- Association Email
- n/a
- Association Type
- Mandatory
Remarks and Miscellaneous
- Public Remarks
- Owner agent JUST FELL THROUGH VIA BUYER'S FINANCING / Views! Location! Style! Indoor heated swimming pool! This cabin has it all! Located in the private and prestigious gated community of Waldens Ridge this mountain home is just 12 minutes from the Pigeon Forge Parkway. Floor to ceiling wall of glass features gorgeous mountain views from the living, dining, kitchen, and loft areas. A mix of rustic, industrial, and modern finishes adorn this home and pair nicely with the multi tone stained tongue and groove interior. Custom Midnight colored with rustic finish KrafMaid soft close cabinets are the focal point of the kitchen. Perched at the highest point of the subdivision this home offers stunning views of the Waldens Creek area, Bluff Mountain, and parts of the Chilhowee Ridge line. Sunsets are front and center from the back deck every evening. The indoor heated swimming pool is salt water and an industrial dehumidifier was just installed. The pool also features an auto fill system that drains the dehumidifier back into the pool. Pool heater was replaced DEC 2021. Floor plan layout is generous with the main floor featuring 2 suits with connected bathrooms, the upstairs has a generous primary suite with double vanities, walk-in double shower, and cathedral ceilings. The basement is all play with a dedicated bunk room, theater, mini arcade, and a full bath adjacent to the indoor pool. Spacious back decks offer plenty of room to enjoy the mountain scenery. An overnight rental powerhouse this home produced $152k in 2020 (June-Dec), $224k in 2021, and has done/has on the books $151k for 2022 (fall and 2nd half of the year holidays). Based on 2021 gross numbers, 20% down payment @ 4.5% interest this property is a 36% ROI and as an all cash purchase this is an 12.1% ROI. Feel free to request a performa for review.
- Directions
- From traffic light number three in downtown pigeon Forge take where's Valley Road and go 3.1 miles to a RIGHT onto Waldens Creek Rd (at a traffic light). Go 3 miles to the three-way intersection and turn LEFT onto North Clear Fork (will see a large lit up sign that says Shagbark and Waldens Ridge). Go .7 miles and turn left into Waldens Ridge. Continue on Cooper's Hawk way until a T intersection where you take a sharp RIGHT. Continue for .6 miles to a RIGHT onto Mountain Holly Way. Cabin is third on the RIGHT. There is a gate and you will need to get the code from Greg Korlin.
Status Change Information
- Major Change Timestamp
- 2022-08-22T17:10:00Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2022-06-08T18:56:58Z
- Status Change Timestamp
- 2022-08-22
- Purchase Contract Date
- 2022-06-09
- Close Date
- 2022-08-22
- Close Price
- 1800000
- Buyer Financing
- Conventional
- Anticipated Closing Date
- 2022-07-21
More Information
Fireplace Features
- Fireplaces Total
- Yes
- Gas Log
- Yes
Showing Requirements
- Showing Instructions
- OWNER AGENT contact Greg Korlin for showings/ questions/ offers 865-643-2103 // gregkorlin@gmail.com. Cabin has a turn March 25th, April 2nd, open April 5th-9th. All disclosures are in the associated documents along with a performa, and gross rental income. 2022 numbers can be provided but come from the VRBO and AirBnB dashboards. ***Agents there is some ongoing construction next door to this home that the current photos do not reflect. Please disclose this to potential buyers. ***2 known broken window seals are present; I have 1 replacement on site and the other being delivered April 15th; will be installed in May.
- Call Listing Agent
- Yes
- See Remarks
- Yes
Location, Tax, and Legal
- Restrictive Covenants YN
- Yes
- Zoning
- R-1
- Zoning Entity
- Sevier County
- Tax Lot
- 51
- Book/Page/Doc #
- 5157, 325
- Tax Annual Amount
- 2325.47
- Tax Year
- 2019
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Electric Range
- Yes
- Microwave
- Yes
- Range Hood
- Yes
- Refrigerator
- Yes
- Self Cleaning Oven
- Yes
- Washer
- Yes
- Water Purifier
- Yes
- Water Softener Owned
- Yes
Architectural Style
- Cabin
- Yes
Association Fee Includes
- Insurance
- Yes
- Maintenance Grounds
- Yes
- Roads
- Yes
Attic Features
- None
- Yes
Basement
- Finished
- Yes
Construction Materials
- Frame
- Yes
- Log Siding
- Yes
- Masonry
- Yes
- Wood Siding
- Yes
Cooling
- Central Air
- Yes
- Heat Pump
- Yes
Exterior Features
- Rain Gutters
- Yes
Foundation Details
- Slab
- Yes
Heating
- Central
- Yes
- Electric
- Yes
- Heat Pump
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Washer Hookup
- Yes
Levels
- Tri-Level
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Patio And Porch Features
- Deck
- Yes
Pool Features
- Hot Tub
- Yes
Possession
- Close Of Escrow
- Yes
Rental
- Rental History
- Yes
Roof
- Composition
- Yes
- Metal
- Yes
Security Features
- Gated Community
- Yes
- Smoke Detector(s)
- Yes
Sewer
- Septic Tank
- Yes
- Septic Permit On File
- Yes
View
- Mountain(s)
- Yes
- Seasonal
- Yes
Water Source
- Well
- Yes
Window Features
- Double Pane Windows
- Yes
Listing Office:
Century 21 MVP
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.