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.