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.