303 CANEY CREEK Road, Pigeon Forge, TN 37863
$1,700,200
Property Type:
Residential
Bedrooms:
8
Baths:
8
Square Footage:
3,828
Lot Size (sq. ft.):
34,848
Status:
Closed
Current Price:
$1,700,200
List Date:
9/19/2021
Last Modified:
8/29/2024
Description
Creekside Getaway is projected to finish 2021 at $230,000 in gross overnight rental income. After expenses, this gold mine represents an 11% cap rate for most investors! With nearly 4,000 sq ft of deluxe accommodations, featuring 8-bedrooms and 8-baths on the gorgeous year-round Caney Creek, this property borders the Great Smoky Mountains National Park. While it certainly feels like you're miles from the action, the cabin is just 4 minutes from the Pigeon Forge strip and 7 minutes from downtown Gatlinburg. The owners recently had all-new high-durability floors installed that complement the custom mountain furniture. This property is truly turnkey all the way down to the knives and forks. The bedrooms are outfitted to maximize occupancy, each with its own ensuite bathroom appointed with granite vanities, tiled showers, and jet tubs. 5 of the bedrooms are set up with hand-crafted king beds and natural branch futons. Three rooms feature queen bunks and the same high-quality futons. The game room comes stocked like a Dave-N-Busters with a pool table, foosball, twin driving arcade games, Big Buck Hunter, and a large screen multicade. With all of that and the open theater, your guests may never run out of things to do together during their stay. Of course, it wouldn't be a "Creekside Getaway" without Caney Creek. The back porch is just feet away from this year-round flowing gem that babbles by creating a truly serene setting. Hundreds of square feet of semi-enclosed porches, patios, gas and wood fire pits, hot tub, comfortable outside seating, and stonework all face the creek and behind it, the national park for maximum vacation privacy. It's no use sleeping so many people without the ability to feed them! This kitchen, with its stainless appliances, twin fridges, and ample seating is ready to deliver huge meals to your eager guests. They'll love the two, matching natural branch dining sets. Every detail in this cabin has been carefully considered. Exceptional care has been taken of this property, and every guest's desire has been anticipated. Whether adding it to your portfolio of properties or just beginning your short-term rental business, you'll be hard-pressed to find anything that compares in quality or revenue to 303 Caney Creek Rd.
More Information MLS# 245114
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 1
Book/Page/Doc #: LM 4, 138
Tax Annual Amount: 1826
Tax Year: 2019
Contract Information
Owner Name: Long
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Rental History Gross Amount 1: 230000
Rental History Year 1: 2021
Rental History Gross Amount 2: 172291
Rental History Year 2: 2020
Association YN: No
Current Price: $1,700,200
Original List Price: 1599900
Sold Price: $1,700,200
Status: Closed
Listing Contract Date: 2021-09-19
General Property Information
Lot Size Acres: 0.8
Above Grade Finished Area: 3828
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: Yes
Home Warranty YN: No
Construction Type: Site Built
View YN: Yes
Waterfront YN: Yes
List Price/SqFt: 417.95
Sold Price/SqFt: 444.15
Living Area: 3828
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Year Built: 2003
Remarks and Miscellaneous
Public Remarks: Creekside Getaway is projected to finish 2021 at $230,000 in gross overnight rental income. After expenses, this gold mine represents an 11% cap rate for most investors! With nearly 4,000 sq ft of deluxe accommodations, featuring 8-bedrooms and 8-baths on the gorgeous year-round Caney Creek, this property borders the Great Smoky Mountains National Park. While it certainly feels like you're miles from the action, the cabin is just 4 minutes from the Pigeon Forge strip and 7 minutes from downtown Gatlinburg. The owners recently had all-new high-durability floors installed that complement the custom mountain furniture. This property is truly turnkey all the way down to the knives and forks. The bedrooms are outfitted to maximize occupancy, each with its own ensuite bathroom appointed with granite vanities, tiled showers, and jet tubs. 5 of the bedrooms are set up with hand-crafted king beds and natural branch futons. Three rooms feature queen bunks and the same high-quality futons. The game room comes stocked like a Dave-N-Busters with a pool table, foosball, twin driving arcade games, Big Buck Hunter, and a large screen multicade. With all of that and the open theater, your guests may never run out of things to do together during their stay. Of course, it wouldn't be a "Creekside Getaway" without Caney Creek. The back porch is just feet away from this year-round flowing gem that babbles by creating a truly serene setting. Hundreds of square feet of semi-enclosed porches, patios, gas and wood fire pits, hot tub, comfortable outside seating, and stonework all face the creek and behind it, the national park for maximum vacation privacy. It's no use sleeping so many people without the ability to feed them! This kitchen, with its stainless appliances, twin fridges, and ample seating is ready to deliver huge meals to your eager guests. They'll love the two, matching natural branch dining sets. Every detail in this cabin has been carefully considered. Exceptional care has been taken of this property, and every guest's desire has been anticipated. Whether adding it to your portfolio of properties or just beginning your short-term rental business, you'll be hard-pressed to find anything that compares in quality or revenue to 303 Caney Creek Rd.
Directions: From Pigeon Forge head south on 321 out of Pigeon Forge, property is with several similar properties on the left approximately 2 minutes on left. Farthest property on the left as you are looking at all of them.
Status Change Information
Status Change Timestamp: 2021-11-09
Buyer Financing: Conventional
Anticipated Closing Date: 2021-11-10
Major Change Timestamp: 2021-11-09T17:57:08Z
Major Change Type: Status Change
Purchase Contract Date: 2021-09-24
Close Date: 2021-11-09
Close Price: 1700200
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Self Cleaning Oven: 1
Washer: 1
Architectural Style
Cabin: 1
Attic Features
None: 1
Basement
Crawl Space: 1
None: 1
Construction Materials
Log: 1
Cooling
Central Air: 1
Electric: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Electric: 1
Heating
Central: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Formal Dining: 1
Great Room: 1
High Speed Internet: 1
Soaking Tub: 1
Solid Surface Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
FHA: 1
VA Loan: 1
Lot Features
Level: 1
Patio And Porch Features
Deck: 1
Patio: 1
Porch: 1
Screened: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Rental
Rental History: 1
Road Frontage Type
County Road: 1
Road Surface Type
Gravel: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Shared Septic: 1
Utilities
Cable Available: 1
View
Mountain(s): 1
Water Source
Well: 1
Waterfront Features
Creek: 1
Window Features
Double Pane Windows: 1
Showing Requirements
Appointment Only: 1
Showing Instructions: Property has been blocked through Thursday, Sep 23rd at 4 pm to maximize compatibility with your showing schedule. If you would like an unbranded, narrated walkthrough of the property for your out-of-state clients, you will find one at the following link that you are free to share with them. https://tinyurl.com/xv3anv Please submit any offers by Friday 9/24 at 3 p.m. with a deadline no sooner than Friday 9/24 at 5pm EST to LesleyAdams@gmail.com For showings please reach out to Jeromy Adams for the door code at 281-630-6995. All offers should include seller-signed disclosures and proof of funds or preapproval.
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Location Tax and Legal
Street Number: 303
Street Name: CANEY CREEK
Street Suffix: Road
County: Sevier
State: TN
Zip Code: 37863
Property Sub Type: Single Family Residence
MLS Area Major: Pigeon Forge
Subdivision Name: Other
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer
Architectural Style: Cabin
Attic Features: None
Basement: Crawl Space; None
Construction Materials: Log
Cooling: Central Air; Electric
Exterior Features: Rain Gutters
Fireplace Features: Electric
Heating: Central
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Formal Dining; Great Room; High Speed Internet; Soaking Tub; Solid Surface Counters
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional; FHA; VA Loan
Lot Features: Level
Patio And Porch Features: Deck; Patio; Porch; Screened
Pool Features: Hot Tub
Possession: Close Of Escrow
Rental: Rental History
Road Frontage Type: County Road
Road Surface Type: Gravel
Roof: Composition
Security Features: Smoke Detector(s)
Sewer: Shared Septic
Utilities: Cable Available
View: Mountain(s)
Water Source: Well
Waterfront Features: Creek
Window Features: Double Pane Windows
Showing Requirements: Appointment Only; See Remarks
Listing Office:
Mountain Realty Group
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.