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.