2834 Florence, Pigeon Forge, TN 37863
$995,000
Property Type:
Residential
Bedrooms:
6
Baths:
5
Square Footage:
3,080
Lot Size (sq. ft.):
13,504
Status:
Closed
Current Price:
$995,000
List Date:
1/16/2021
Last Modified:
9/01/2024
Description
Unique one of a kind property in the heart of downtown Pigeon Forge. Zoned as commercial C2, this presents an excellent investment opportunity in the current market. Projected annual rental revenue of $120,000-$130,000. There simply is no other cabin located in the heart of Pigeon Forge within walking distance to The Island and surrounding attractions of the Parkway, let alone one that offers these amenities - Amazing new outdoor area with a new swim spa, outdoor fireplace on a large deck, theater room, hot tub and game room. All of this with no winding or steep roads, an abundance of level parking, and 2 Master Bedroom Suites on the main level. Projected Cap Rate of 8 to 8.7% from credible, high producing cabin property management company.
More Information MLS# 240093
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: C-6
Zoning Entity: Pigeon Forge
Parcel Number: 37863
Tax Lot: 8-AR
Book/Page/Doc #: 3294, 396
Tax Annual Amount: 2055.8
Tax Year: 2019
Contract Information
Owner Name: Gillespie
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Association YN: No
Current Price: $995,000
Original List Price: 899900
Sold Price: $995,000
Status: Closed
Listing Contract Date: 2021-01-16
General Property Information
Lot Size Acres: 0.31
Above Grade Finished Area: 1820
Below Grade Finished Area: 1260
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 0
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
List Price/SqFt: 323.05
Sold Price/SqFt: 323.05
Living Area: 3080
Bedrooms Total: 6
Bathrooms Total: 5
Bathrooms Full: 5
Year Built: 1965
Remarks and Miscellaneous
Public Remarks: Unique one of a kind property in the heart of downtown Pigeon Forge. Zoned as commercial C2, this presents an excellent investment opportunity in the current market. Projected annual rental revenue of $120,000-$130,000. There simply is no other cabin located in the heart of Pigeon Forge within walking distance to The Island and surrounding attractions of the Parkway, let alone one that offers these amenities - Amazing new outdoor area with a new swim spa, outdoor fireplace on a large deck, theater room, hot tub and game room. All of this with no winding or steep roads, an abundance of level parking, and 2 Master Bedroom Suites on the main level. Projected Cap Rate of 8 to 8.7% from credible, high producing cabin property management company.
Directions: From the parkway in pigeon forge turn onto Sharon drive next to the jungle boat ride, turn left onto florence dr. house is 1/4 mile on the right.
Status Change Information
Status Change Timestamp: 2021-06-01
Buyer Financing: Cash
Anticipated Closing Date: 2021-05-31
Major Change Timestamp: 2021-06-01T16:40:09Z
Major Change Type: Status Change
Price Change Timestamp: 2021-03-25T08:12:18Z
Purchase Contract Date: 2021-04-02
Close Date: 2021-06-01
Close Price: 995000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cabin: 1
Attic Features
Access Only: 1
Basement
Basement: 1
Finished: 1
Construction Materials
Block: 1
Frame: 1
Log: 1
Wood Siding: 1
Cooling
Electric: 1
Heat Pump: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Gas Log: 1
Gas Starter: 1
Heating
Forced Air: 1
Natural Gas: 1
Interior Features
Ceiling Fan(s): 1
High Speed Internet: 1
Wet Bar: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
FHA: 1
Patio And Porch Features
Deck: 1
Patio: 1
Porch: 1
Screened: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Other: 1
Rental
Rental History: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
Water Source
Public: 1
Window Features
Window Treatments: 1
Showing Requirements
Call Listing Agent: 1
Showing Instructions: 2020 rental income: $89,000 (without Swim spa and fireplace). For showings contact listing agent: 865-607-9565 or propertybykaren@gmail.com. Cabin is available to show: Sunday, January 17th @ 2:00 pm. Cabin is Downtown Getaway with Heritage Cabin Rentals. Seller willing to look at all back up offers.
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Location Tax and Legal
Street Number: 2834
Street Name: Florence
County: Sevier
State: TN
Zip Code: 37863
Property Sub Type: Single Family Residence
MLS Area Major: Pigeon Forge
Subdivision Name: Lafollette Addn
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Washer
Architectural Style: Cabin
Attic Features: Access Only
Basement: Basement; Finished
Construction Materials: Block; Frame; Log; Wood Siding
Cooling: Electric; Heat Pump
Exterior Features: Rain Gutters
Fireplace Features: Gas Log; Gas Starter
Heating: Forced Air; Natural Gas
Interior Features: Ceiling Fan(s); High Speed Internet; Wet Bar
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Two
Listing Terms: Cash; Conventional; FHA
Patio And Porch Features: Deck; Patio; Porch; Screened
Pool Features: Hot Tub
Possession: Close Of Escrow; Other
Rental: Rental History
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Metal
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Utilities: Cable Available
Water Source: Public
Window Features: Window Treatments
Showing Requirements: Call Listing Agent
Listing Office:
United Real Estate Solutions
Last Updated: September - 01 - 2024
Information deemed reliable but not guaranteed.