2969 Redtail Road, Sevierville, TN 37862
$1,125,000
Property Type:
Residential
Bedrooms:
4
Baths:
5
Square Footage:
4,415
Lot Size (sq. ft.):
46,609
Status:
Closed
Current Price:
$1,125,000
List Date:
4/10/2021
Last Modified:
8/28/2024
Description
Beautiful Lodge Style Log Home in a Private Location in Wears Valley. This 4 bedroom log cabin with a bonus bunk room has spectacular unobstructed views of the Smoky Mountains. Zero-Entry at the door with a Master bedroom on the main level. You will know that you have entered a luxurious property from the time that you walk into this 4,400+ square foot mountain retreat with high-end finishes throughout. Vaulted ceilings in multiple rooms with walls of glass that bring the outdoors in. Intricate tongue and groove millwork with timbers of spruce, hemlock, hickory, oak, and cherry. Enjoy the sense of volume in the 2 Story Great Room with soaring beams, gleaming wood walls, and beautiful hardwood floors. An upgraded oversized kitchen with a large breakfast bar and adjacent dining room accommodates large gatherings. Two spacious bedrooms with private baths on the upper level are connected by a huge lofted living room with wonderful mountain views. The lower level of the property is built for entertainment with a theater room(stadium seating), a large game room with a pool table, 2 console games, and a wet bar. A king bedroom and bunk room complete this space. Boundless decks and covered porches on the main and lower levels provide lots of outdoor living space with a hot tub and multiple seating areas for both observing the mountains and sharing meals. The owners of the property have made over $110,000 in upgrades since its acquisition. Gross Revenue from March 2020 through February 2021 was $89,269 with zero reservations in April 2020 and only 64% Occupancy for May through June of 2020. Revenue for 2021 is conservatively projected to be in excess of $103,000. This Property is Being Sold Turnkey!
More Information MLS# 241757
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Parcel Number: 113 051.19
Tax Lot: 78E
Book/Page/Doc #: 34, 249
Tax Annual Amount: 2052.98
Tax Year: 2019
Contract Information
Association Type: Mandatory
Owner Name: Triangle Elite Properties, LLC
Occupancy: Either
Association YN: Yes
Association Fee: 300
Association Fee Frequency: Annually
Association Name: Homestead HOA
Current Price: $1,125,000
Original List Price: 1125000
Sold Price: $1,125,000
Status: Closed
Listing Contract Date: 2021-04-10
General Property Information
Lot Size Acres: 1.07
Above Grade Finished Area: 2795
Below Grade Finished Area: 1620
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 1
Garage Spaces: 0
Bonus Room YN: Yes
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: 254.81
Sold Price/SqFt: 254.81
Living Area: 4415
Bedrooms Total: 4
Bathrooms Total: 5
Bathrooms Full: 4
Year Built: 2007
Remarks and Miscellaneous
Public Remarks: Beautiful Lodge Style Log Home in a Private Location in Wears Valley. This 4 bedroom log cabin with a bonus bunk room has spectacular unobstructed views of the Smoky Mountains. Zero-Entry at the door with a Master bedroom on the main level. You will know that you have entered a luxurious property from the time that you walk into this 4,400+ square foot mountain retreat with high-end finishes throughout. Vaulted ceilings in multiple rooms with walls of glass that bring the outdoors in. Intricate tongue and groove millwork with timbers of spruce, hemlock, hickory, oak, and cherry. Enjoy the sense of volume in the 2 Story Great Room with soaring beams, gleaming wood walls, and beautiful hardwood floors. An upgraded oversized kitchen with a large breakfast bar and adjacent dining room accommodates large gatherings. Two spacious bedrooms with private baths on the upper level are connected by a huge lofted living room with wonderful mountain views. The lower level of the property is built for entertainment with a theater room(stadium seating), a large game room with a pool table, 2 console games, and a wet bar. A king bedroom and bunk room complete this space. Boundless decks and covered porches on the main and lower levels provide lots of outdoor living space with a hot tub and multiple seating areas for both observing the mountains and sharing meals. The owners of the property have made over $110,000 in upgrades since its acquisition. Gross Revenue from March 2020 through February 2021 was $89,269 with zero reservations in April 2020 and only 64% Occupancy for May through June of 2020. Revenue for 2021 is conservatively projected to be in excess of $103,000. This Property is Being Sold Turnkey!
Directions: Wears Vally Road to Happy Hollow Road. Go 0.3 miles before turning right onto Clearfork. Go 0.7 miles before turning left onto Chamberlain Way. Go 1.6 miles and veer left, then go 0.1 miles and take the first right onto Settlers View Lane. From there, go 0.6 miles before turning left onto Redtail Road. The property is 0.2 miles ahead on the left with a gravel driveway
Status Change Information
Status Change Timestamp: 2021-06-18
Buyer Financing: Conventional
Anticipated Closing Date: 2021-05-27
Major Change Timestamp: 2021-06-18T16:45:33Z
Major Change Type: Status Change
Purchase Contract Date: 2021-04-17
Close Date: 2021-06-18
Close Price: 1125000
Appliances
Dishwasher: 1
Disposal: 1
Double Oven: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Self Cleaning Oven: 1
Washer: 1
Architectural Style
Log: 1
Association Amenities
Other: 1
Attic Features
None: 1
Basement
Basement: 1
Finished: 1
Full: 1
Walk-Out Access: 1
Construction Materials
Log: 1
Cooling
Central Air: 1
Electric: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Insert: 1
Flooring
Wood: 1
Heating
Central: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Formal Dining: 1
Great Room: 1
Soaking Tub: 1
Walk-In Closet(s): 1
Wet Bar: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Tri-Level: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Parking Features
Driveway: 1
Private: 1
Patio And Porch Features
Deck: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Rental
Off Site: 1
Road Surface Type
Gravel: 1
Paved: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Septic Permit On File: 1
View
Mountain(s): 1
Water Source
Well: 1
Window Features
Double Pane Windows: 1
Window Treatments: 1
Showing Requirements
Appointment Only: 1
Showing Instructions: The Property is Available to Show from Sunday, 4/11 - Friday, 4/16 at 3 pm by Appointment Only. FOR ALL SHOWINGS PLEASE CALL Showing Time at 1-800-Showing or 1-800-746-9464 The Showing Time service is open 24/7, for your scheduling convenience.
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
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
Great Room: 1
Great Room Level: 1
Kitchen: 1
Kitchen Level: 1
Loft: 1
Loft Level: 2
Other: 1
Other Level: B
Primary Bedroom: 1
Primary Bedroom Level: 1
Utility Room: 1
Utility Room Level: B
Location Tax and Legal
Street Number: 2969
Street Name: Redtail
Street Suffix: Road
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Single Family Residence
MLS Area Major: Sevierville
Subdivision Name: Homestead in Wears Valley
Property Features
Appliances: Dishwasher; Disposal; Double Oven; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer
Architectural Style: Log
Association Amenities: Other
Attic Features: None
Basement: Basement; Finished; Full; Walk-Out Access
Construction Materials: Log
Cooling: Central Air; Electric
Exterior Features: Rain Gutters
Fireplace Features: Insert
Flooring: Wood
Heating: Central
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Formal Dining; Great Room; Soaking Tub; Walk-In Closet(s); Wet Bar
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Tri-Level
Listing Terms: 1031 Exchange; Cash; Conventional
Parking Features: Driveway; Private
Patio And Porch Features: Deck
Pool Features: Hot Tub
Possession: Close Of Escrow
Rental: Off Site
Road Surface Type: Gravel; Paved
Roof: Composition
Security Features: Smoke Detector(s)
Sewer: Septic Permit On File
View: Mountain(s)
Water Source: Well
Window Features: Double Pane Windows; Window Treatments
Showing Requirements: Appointment Only; See Remarks
Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Game Room; Great Room; Kitchen; Loft; Other; Primary Bedroom; Utility Room
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
Great Room
Level: First
Game Room
Level: Basement
Utility Room
Level: Basement
Loft
Level: Second
Other
Level: Basement
Remarks: Size: Bunk Room
Primary Bedroom
Level: First
Bedroom 2
Level: Second
Bedroom 3
Level: Second
Bedroom 4
Level: Basement
Kitchen
Level: First
Dining Room
Level: First
Great Room
Level: First
Game Room
Level: Basement
Utility Room
Level: Basement
Loft
Level: Second
Other
Level: Basement
Listing Office:
Wallace Real Estate MRP
Last Updated: August - 28 - 2024
Information deemed reliable but not guaranteed.