2922 Fiddlers Creek Way, Pigeon Forge, TN 37863

$995,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 2,578 Status: Closed
Current Price: $995,000 List Date: 10/26/2022 Last Modified: 8/31/2024

Overview

Description

Investors - huge cash flow and tax savings opportunity back on the market! Don't miss your chance to secure this turn-key cabin with rental projections of $144K just in time for summer! 1031 Exchange and/or a chance to secure 80% bonus depreciation before the end of the year! Furnishing bonus depreciation estimate of $80K. Only 1.2 miles from the Parkway, and the 3 minute drive is smooth and easy - no unpaved, steep, or winding roads! Huge private driveway for plenty of vehicles to park. Built in September 2021, this fully furnished cabin comfortably accommodates 15 guests. Sleeping arrangements include 4 spacious king bedrooms with ensuite bathrooms, one bunk room with 3 twin bunks and ensuite bathroom, and two queen sleeper sofas. There are 4K Roku TVs in every room including 65” TVs in the theater room and pool table room. State-of-the-art Mesh Wi-Fi system provides fast internet in every corner of the home, including outdoor areas. Enjoy the peaceful wooded view from 3 levels of ...

Listing Details MLS# 254541

General Property Information

Living Area
2578
Above Grade Finished Area
2578
Bedrooms Total
5
Bathrooms Total
5
Bathrooms Full
5
Garage YN
No
Year Built
2021
Bonus Room YN
No
Accessory Dwelling Unit YN
No
Sign On Property YN
No
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
List Price/SqFt
393.72
Sold Price/SqFt
385.96
Lot Size Acres
0
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Cooktop; Microwave; Refrigerator; Self Cleaning Oven; Washer; Water Purifier Architectural Style: Cabin Association Fee Includes: Maintenance Grounds; Roads Attic Features: None Basement: None Construction Materials: Log; Log Siding Cooling: Central Air; Zoned Exterior Features: Rain Gutters Fireplace Features: Blower Fan; Electric Flooring: Wood Foundation Details: Slab Heating: Central Interior Features: Ceiling Fan(s); Great Room; High Speed Internet; Solid Surface Counters Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Three Or More Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Wooded Parking Features: Driveway; Paved Patio And Porch Features: Covered; Deck; Patio; Porch Pool Features: Hot Tub Possession: Close Of Escrow; Other Rental: On Site Road Surface Type: Paved Roof: Metal Security Features: Security System; Smoke Detector(s) Sewer: Public Sewer Water Source: Public Window Features: Window Treatments Showing Requirements: Appointment Only; See Remarks Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Game Room; Kitchen; Living Room; Other; Primary Bedroom

Location Tax and Legal

Street Number
2922
Street Name
Fiddlers Creek
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37863
Property Sub Type
Single Family Residence
MLS Area Major
Pigeon Forge
Subdivision Name
Fiddlers Creek Pud

Contract Information

Original List Price
1085000
Listing Contract Date
2022-10-26
Owner Name
Eli, Connie, & Gary Poesnecker
Listing Agreement
Exclusive Right To Sell
Occupancy
Overnight Only
Common Interest
Planned Development
Association YN
Yes
Association Fee
100
Association Fee Frequency
Monthly
Association Name
Fiddlers Creek HOA
Association Email
jvbrent@gmail.com
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
Investors - huge cash flow and tax savings opportunity back on the market! Don't miss your chance to secure this turn-key cabin with rental projections of $144K just in time for summer! 1031 Exchange and/or a chance to secure 80% bonus depreciation before the end of the year! Furnishing bonus depreciation estimate of $80K. Only 1.2 miles from the Parkway, and the 3 minute drive is smooth and easy - no unpaved, steep, or winding roads! Huge private driveway for plenty of vehicles to park. Built in September 2021, this fully furnished cabin comfortably accommodates 15 guests. Sleeping arrangements include 4 spacious king bedrooms with ensuite bathrooms, one bunk room with 3 twin bunks and ensuite bathroom, and two queen sleeper sofas. There are 4K Roku TVs in every room including 65” TVs in the theater room and pool table room. State-of-the-art Mesh Wi-Fi system provides fast internet in every corner of the home, including outdoor areas. Enjoy the peaceful wooded view from 3 levels of covered decks. The first level has a grill and TWO hot tubs. Property is on city water and sewer, which is a HUGE amenity in this market. Unlike many of the cabins on wells, this property will never run out of water or cause guests to complain of water smelling of sulfur. Durable, low-maintenance metal roofing tops off this incredible property.
Directions
Heading Northwest on the Parkway, turn left on Pine Mountain Road, then in 1.2 miles turn right on Fiddlers Creek Way. If GPS doesn't bring you to the property, search 803 Pine Mountain Road. That will bring you to the entrance of the development, where there is a sign denoting "Fiddlers Creek". Cabin is the 2nd on the right.

Status Change Information

Major Change Timestamp
2023-06-30T17:27:15Z
Major Change Type
Status Change
Price Change Timestamp
2023-05-16T06:53:35Z
Status Change Timestamp
2023-06-30
Purchase Contract Date
2023-05-18
Close Date
2023-06-30
Close Price
995000
Buyer Financing
Other
Anticipated Closing Date
2023-06-20

More Information

Showing Requirements

Showing Instructions
Property is an active overnight rental. To schedule showing appointments, contact listing agent at (806) 335-6020. Email offers to rachelteal@kw.com. Offer instructions are in attached documents. Note: Buyers must honor rental agreement with current property management company for 60 days after closing. Rental income for any stays beginning after closing will be distributed to new property owners.
Appointment Only
Yes
See Remarks
Yes

Historical Information

Public Historical Remarks
Interior Features: Large Primary Bedroom

Room Types

Bedroom 2 Level
2
Bedroom 3 Level
2
Bedroom 4 Level
3
Dining Room Level
Yes
Game Room Level
3
Kitchen Level
Yes
Living Room Level
Yes
Other Level
3
Primary Bedroom Level
Yes
Bedroom 2
Yes
Bedroom 3
Yes
Bedroom 4
Yes
Dining Room
Yes
Game Room
Yes
Kitchen
Yes
Living Room
Yes
Other
Yes
Primary Bedroom
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-2
Zoning Entity
Pigeon Forge
Tax Lot
4
Book/Page/Doc #
44, 250
Tax Annual Amount
550
Tax Year
2020

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Cooktop
Yes
Microwave
Yes
Refrigerator
Yes
Self Cleaning Oven
Yes
Washer
Yes
Water Purifier
Yes

Architectural Style

Cabin
Yes

Association Fee Includes

Maintenance Grounds
Yes
Roads
Yes

Attic Features

None
Yes

Basement

None
Yes

Construction Materials

Log
Yes
Log Siding
Yes

Cooling

Central Air
Yes
Zoned
Yes

Exterior Features

Rain Gutters
Yes

Fireplace Features

Blower Fan
Yes
Electric
Yes

Flooring

Wood
Yes

Foundation Details

Slab
Yes

Heating

Central
Yes

Interior Features

Ceiling Fan(s)
Yes
Great Room
Yes
High Speed Internet
Yes
Solid Surface Counters
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Three Or More
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Lot Features

Wooded
Yes

Parking Features

Driveway
Yes
Paved
Yes

Patio And Porch Features

Covered
Yes
Deck
Yes
Patio
Yes
Porch
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes
Other
Yes

Rental

On Site
Yes

Road Surface Type

Paved
Yes

Roof

Metal
Yes

Security Features

Security System
Yes
Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Window Features

Window Treatments
Yes

Room Information

Room Name Level Remarks
Primary Bedroom First
Bedroom 2 Second
Bedroom 3 Second
Bedroom 4 Third
Kitchen First
Dining Room First
Living Room First
Game Room Third
Other Third Bedroom 5
Primary Bedroom First
Bedroom 2 Second
Bedroom 3 Second
Bedroom 4 Third
Kitchen First
Dining Room First
Living Room First
Game Room Third
Other Third
Listing Office: Keller Williams Realty Nashville/Franklin
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.