2732 Mountain Preserve Drive, Vista Lodge, Sevierville, TN 37862
$1,350,000
Property Type:
Residential
Bedrooms:
5
Baths:
4
Square Footage:
4,048
Lot Size (sq. ft.):
7,841
Status:
Closed
Current Price:
$1,350,000
List Date:
9/27/2021
Last Modified:
8/28/2024
Description
Vista Lodge is a fantastic opportunity to invest in a well producing short term rental cabin in peaceful Wears Valley with incredible mountain views. The cabin has a gross rental income (not including taxes, fees, etc) of $136,668.46 for the trailing twelve months as of 9/1/2021. It's understandable why the cabin produces an incredibly high rental income when taking a look at the view, the massive theater room, and other great amenities within the 5 bedroom cabin. Located in The Preserve Resort with access to some of the most premier amenities of any subdivision within Sevier County, the cabin really shines both inside and out keeping visitors busy. The cabin floor plan is a wonderful setup for short term rental purposes featuring four king bedroom suites and one bunk bedroom. The wing areas on the sides of the cabin being bedrooms, while the center section of the cabin dedicated to common space for enjoyment. The main level features two large bedrooms, including exposed beam ceilings. Upstairs offers two bedrooms, one on each wing, with vaulted ceilings and incredible mountain views. Additionally, upstairs has a game room area in the middle section with an amazing view and covered private deck area. Downstairs includes a massive theater room, bunk bedroom with another game space with a ping pong table. The cabin is offered completely furnished and has been well kept by the owners. The view from the property can't be emphasized enough. It is among the best you'll see in our area with a view of Cove Mountain and well beyond looking into the Cades Cove area as the panoramic sweeping view moves westward.
More Information MLS# 245219
Location, Tax, and Legal
Street Additional Info: Vista Lodge
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Parcel Number: 113J A 063.00
Tax Lot: 63R
Book/Page/Doc #: 5457, 445
Tax Annual Amount: 1656.8
Tax Year: 2019
Contract Information
Association Type: Mandatory
Owner Name: Michael S. Reischman and Krista M. Reischman
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Common Interest: Planned Development
Rental History Gross Amount 1: 136668.46
Rental History Year 1: 2021
Association YN: Yes
Association Fee: 500
Association Fee Frequency: Quarterly
Association Name: The Preserve Resort HOA
Association Email: manager@thepreservehoa.net
Current Price: $1,350,000
Original List Price: 1350000
Sold Price: $1,350,000
Status: Closed
Listing Contract Date: 2021-09-27
General Property Information
Lot Size Acres: 0.18
Above Grade Finished Area: 2950
Below Grade Finished Area: 1098
Below Grade Unfinished Area: 377
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: 333.5
Sold Price/SqFt: 333.5
Living Area: 4048
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 3
Year Built: 2006
Remarks and Miscellaneous
Public Remarks: Vista Lodge is a fantastic opportunity to invest in a well producing short term rental cabin in peaceful Wears Valley with incredible mountain views. The cabin has a gross rental income (not including taxes, fees, etc) of $136,668.46 for the trailing twelve months as of 9/1/2021. It's understandable why the cabin produces an incredibly high rental income when taking a look at the view, the massive theater room, and other great amenities within the 5 bedroom cabin. Located in The Preserve Resort with access to some of the most premier amenities of any subdivision within Sevier County, the cabin really shines both inside and out keeping visitors busy. The cabin floor plan is a wonderful setup for short term rental purposes featuring four king bedroom suites and one bunk bedroom. The wing areas on the sides of the cabin being bedrooms, while the center section of the cabin dedicated to common space for enjoyment. The main level features two large bedrooms, including exposed beam ceilings. Upstairs offers two bedrooms, one on each wing, with vaulted ceilings and incredible mountain views. Additionally, upstairs has a game room area in the middle section with an amazing view and covered private deck area. Downstairs includes a massive theater room, bunk bedroom with another game space with a ping pong table. The cabin is offered completely furnished and has been well kept by the owners. The view from the property can't be emphasized enough. It is among the best you'll see in our area with a view of Cove Mountain and well beyond looking into the Cades Cove area as the panoramic sweeping view moves westward.
Directions: From Wears Valley road turn on Happy Hollow Road. Bear right on S Clear Fork Rd.and follow to a left on Chamberlain Ln. Travel approximately 2 miles. Turn right into The Preserve Resort. Follow to the first right and veer right onto Mountain Preserve Drive. The cabin, Vista Lodge, will be on your right (2732).
Status Change Information
Status Change Timestamp: 2021-12-06
Buyer Financing: Conventional
Anticipated Closing Date: 2021-11-18
Major Change Timestamp: 2021-12-06T17:57:30Z
Major Change Type: Status Change
Purchase Contract Date: 2021-10-09
Close Date: 2021-12-06
Close Price: 1350000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cabin: 1
Log: 1
Construction Materials
Log: 1
Log Siding: 1
Wood Siding: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Fireplaces Total: 1
Electric: 1
Flooring
Wood: 1
Heating
Electric: 1
Heat Pump: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
High Speed Internet: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Parking Features
Driveway: 1
Paved: 1
Patio And Porch Features
Deck: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Rental
Off Site: 1
Rental History: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Shared Septic: 1
Utilities
Cable Available: 1
View
Mountain(s): 1
Water Source
Private: 1
Shared Well: 1
Window Features
Double Pane Windows: 1
Window Treatments: 1
Showing Requirements
Call Listing Agent: 1
Showing Instructions: The cabin is open for showings from Monday, September 27th through Thursday, September 30th. Please call/text Jay on his cell for the door code. NOTE: There is a separate from HOA optional amenity fee to use the pool and other amenities within the resort. The current cost, should someone want to use these amenities, for this cabin is $300/month. I was told by the HOA manager for The Preserve Resort the water would be individually metered on cabins at some point in 2022. Currently the water is included within the $2,000 annual HOA fee (paid $500 quarterly). As with all real estate transactions Buyers should do their own due diligence and verify all information independently, including square footage and HOA info. Purchase title insurance, get a survey, and any other inspections available. Most information has been taken from tax records and/or seller and not verified by listing
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Location Tax and Legal
Street Number: 2732
Street Name: Mountain Preserve
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Single Family Residence
MLS Area Major: Wears Valley
Subdivision Name: The Preserve
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style: Cabin; Log
Construction Materials: Log; Log Siding; Wood Siding
Cooling: Central Air; Electric; Heat Pump
Exterior Features: Rain Gutters
Fireplace Features: Electric
Flooring: Wood
Heating: Electric; Heat Pump
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); High Speed Internet
Laundry Features: Electric Dryer Hookup; Washer Hookup
Listing Terms: 1031 Exchange; Cash; Conventional
Parking Features: Driveway; Paved
Patio And Porch Features: Deck
Pool Features: Hot Tub
Possession: Close Of Escrow
Rental: Off Site; Rental History
Roof: Composition
Security Features: Smoke Detector(s)
Sewer: Shared Septic
Utilities: Cable Available
View: Mountain(s)
Water Source: Private; Shared Well
Window Features: Double Pane Windows; Window Treatments
Showing Requirements: Call Listing Agent
Listing Office:
Smoky Mountain Real Estate Cor
Last Updated: August - 28 - 2024
Information deemed reliable but not guaranteed.