2936 Fiddlers Creek Way, Pigeon Forge, TN 37863
$1,060,000
Property Type:
Residential
Bedrooms:
5
Baths:
5
Square Footage:
2,600
Status:
Closed
Current Price:
$1,060,000
List Date:
5/18/2023
Last Modified:
8/31/2024
Description
Back on the market! Investors - huge cash flow and tax savings opportunity! 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! Built in July 2022, this fully furnished cabin comfortably accommodates 16 guests. Sleeping arrangements include 4 spacious king bedrooms, one bunk room with 4 twin beds, and two queen sleeper sofas. Each bedroom has a private full bath. There are 4K Roku TVs in every room including 75” TVs in the theater 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 mountain views from two levels of string lit decks. The upper level deck has a grill, and the lower lever has a large hot tub with privacy wall. 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.
More Information MLS# 257350
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-2
Zoning Entity: Pigeon Forge
Tax Lot: 11
Book/Page/Doc #: P45, 83
Tax Annual Amount: 2328.37
Tax Year: 2022
Contract Information
Association Type: Mandatory
Owner Name: Eli, Gary, & Connie 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
Current Price: $1,060,000
Original List Price: 1045000
Sold Price: $1,060,000
Status: Closed
Listing Contract Date: 2023-05-18
General Property Information
Lot Size Acres: 0
Above Grade Finished Area: 2600
Below Grade Finished Area: 0
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: 401.92
Sold Price/SqFt: 407.69
Living Area: 2600
Bedrooms Total: 5
Bathrooms Total: 5
Bathrooms Full: 5
Year Built: 2022
Remarks and Miscellaneous
Public Remarks: Back on the market! Investors - huge cash flow and tax savings opportunity! 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! Built in July 2022, this fully furnished cabin comfortably accommodates 16 guests. Sleeping arrangements include 4 spacious king bedrooms, one bunk room with 4 twin beds, and two queen sleeper sofas. Each bedroom has a private full bath. There are 4K Roku TVs in every room including 75” TVs in the theater 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 mountain views from two levels of string lit decks. The upper level deck has a grill, and the lower lever has a large hot tub with privacy wall. 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 5th on the right.
Status Change Information
Status Change Timestamp: 2023-07-17
Buyer Financing: Other
Anticipated Closing Date: 2023-07-12
Major Change Timestamp: 2023-07-17T17:40:37Z
Major Change Type: Status Change
Purchase Contract Date: 2023-06-09
Close Date: 2023-07-17
Close Price: 1060000
Appliances
Dishwasher: 1
Dryer: 1
Electric Cooktop: 1
Microwave: 1
Refrigerator: 1
Self Cleaning Oven: 1
Washer: 1
Architectural Style
Cabin: 1
Association Fee Includes
Maintenance Grounds: 1
Roads: 1
Attic Features
None: 1
Basement
None: 1
Construction Materials
Log: 1
Log Siding: 1
Cooling
Central Air: 1
Zoned: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Blower Fan: 1
Electric: 1
Flooring
Wood: 1
Foundation Details
Slab: 1
Heating
Central: 1
Interior Features
Ceiling Fan(s): 1
Great Room: 1
High Speed Internet: 1
Solid Surface Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Three Or More: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Wooded: 1
Parking Features
Driveway: 1
Paved: 1
Patio And Porch Features
Covered: 1
Deck: 1
Patio: 1
Porch: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Other: 1
Rental
On Site: 1
Road Surface Type
Paved: 1
Roof
Metal: 1
Security Features
Security System: 1
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Window Features
Window Treatments: 1
Showing Requirements
Appointment Only: 1
Showing Instructions: Closing must take place on or after July 12, 2023 (due to tax reasons). 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.
See Remarks: 1
Room Types
Bedroom 2: 1
Bedroom 2 Level: 2
Bedroom 3: 1
Bedroom 3 Level: 2
Bedroom 4: 1
Bedroom 4 Level: B
Dining Room: 1
Dining Room Level: 1
Game Room: 1
Game Room Level: B
Kitchen: 1
Kitchen Level: 1
Living Room: 1
Living Room Level: 1
Loft: 1
Loft Level: 2
Other: 1
Other Level: B
Primary Bedroom: 1
Primary Bedroom Level: 1
Location Tax and Legal
Street Number: 2936
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
Property Features
Appliances: Dishwasher; Dryer; Electric Cooktop; Microwave; Refrigerator; Self Cleaning Oven; Washer
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; Loft; Other; Primary Bedroom
Room Information
Primary Bedroom
Level: First
Bedroom 2
Level: Second
Bedroom 3
Level: Second
Bedroom 4
Level: Basement
Kitchen
Level: First
Dining Room
Level: First
Living Room
Level: First
Game Room
Level: Basement
Loft
Level: Second
Other
Level: Basement
Remarks: Bedroom 5
Primary Bedroom
Level: First
Bedroom 2
Level: Second
Bedroom 3
Level: Second
Bedroom 4
Level: Basement
Kitchen
Level: First
Dining Room
Level: First
Living Room
Level: First
Game Room
Level: Basement
Loft
Level: Second
Other
Level: Basement
Listing Office:
Keller Williams Realty Nashville/Franklin
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.