307 Caney Creek Road, Pigeon Forge, TN 37863
$1,720,000
Property Type:
Residential
Bedrooms:
8
Baths:
8
Square Footage:
3,828
Lot Size (sq. ft.):
27,007
Status:
Closed
Current Price:
$1,720,000
List Date:
4/20/2022
Last Modified:
8/29/2024
Description
AMAZING OPPORTUNITY to own 0.62 Acre w/ 8 bedrooms + on the Caney Creek! You won't find another investment like this - cabins with mountain and creek view just out of Pigeon Forge on the way to Gatlinburg are extremely rare and in high demand. Caney Creek runs behind the Cabin and is wonderful to sit on the deck and enjoy the sounds of the water. Cabins on overnight rental programs with fantastic proven cash flow.. All furniture, paintings, appliances and decorations are conveyed with the property.More than $142,000 already on the books for 2022. Projected revenue to exceed $230,000 in gross overnight rental income.
More Information MLS# 248817
Location, Tax, and Legal
Restrictive Covenants YN: No
Zoning: R-1
Zoning Entity: Sevier County
Parcel Number: 106J A 002.00
Tax Lot: 2
Book/Page/Doc #: LM4, 138
Tax Annual Amount: 1790.72
Tax Year: 2021
Contract Information
Owner Name: 307 Caney Creek LLC
Occupancy: Overnight Only
Association YN: No
Current Price: $1,720,000
Original List Price: 1790000
Sold Price: $1,720,000
Status: Closed
Listing Contract Date: 2022-04-20
General Property Information
Lot Size Dimensions: 95.32 X 363.61 IRR
Lot Size Acres: 0.62
Above Grade Finished Area: 3828
Below Grade Finished Area: 0
Below Grade Unfinished Area: 0
Bathrooms Half: 0
Garage Spaces: 0
Bonus Room YN: No
Accessory Dwelling Unit YN: No
Sign On Property YN: No
Home Warranty YN: No
Construction Type: Site Built
View YN: Yes
List Price/SqFt: 467.61
Sold Price/SqFt: 449.32
Living Area: 3828
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Year Built: 2003
Remarks and Miscellaneous
Public Remarks: AMAZING OPPORTUNITY to own 0.62 Acre w/ 8 bedrooms + on the Caney Creek! You won't find another investment like this - cabins with mountain and creek view just out of Pigeon Forge on the way to Gatlinburg are extremely rare and in high demand. Caney Creek runs behind the Cabin and is wonderful to sit on the deck and enjoy the sounds of the water. Cabins on overnight rental programs with fantastic proven cash flow.. All furniture, paintings, appliances and decorations are conveyed with the property.More than $142,000 already on the books for 2022. Projected revenue to exceed $230,000 in gross overnight rental income.
Directions: From Pigeon Forge Light #10, Go 0.5 Miles on Highway 411 (The SPUR) and Turn Right onto Caney Creek.Go 0.5 Miles and see the First Cabin on the Left. This Cabin is 2nd from the end. NO SIGN at the Property!
Status Change Information
Status Change Timestamp: 2022-06-15
Buyer Financing: Cash
Anticipated Closing Date: 2022-06-16
Major Change Timestamp: 2022-06-15T17:12:17Z
Major Change Type: Status Change
Purchase Contract Date: 2022-05-31
Close Date: 2022-06-15
Close Price: 1720000
Appliances
Dishwasher: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Architectural Style
Cabin: 1
Attic Features
Storage Only: 1
Basement
None: 1
Construction Materials
Log: 1
Cooling
Central Air: 1
Fireplace Features
Factory Built: 1
Flooring
Wood: 1
Heating
Central: 1
Electric: 1
Heat Pump: 1
Interior Features
Ceiling Fan(s): 1
Great Room: 1
High Speed Internet: 1
Soaking Tub: 1
Other: 1
Levels
Two: 1
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Wooded: 1
Patio And Porch Features
Deck: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Rental
Rental History: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
View
Mountain(s): 1
River: 1
Water Source
Public: 1
Well: 1
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Lockbox: 1
Location Tax and Legal
Street Number: 307
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: Falling Waters
Property Features
Appliances: Dishwasher; Electric Range; Microwave; Refrigerator
Architectural Style: Cabin
Attic Features: Storage Only
Basement: None
Construction Materials: Log
Cooling: Central Air
Fireplace Features: Factory Built
Flooring: Wood
Heating: Central; Electric; Heat Pump
Interior Features: Ceiling Fan(s); Great Room; High Speed Internet; Soaking Tub; Other
Levels: Two
Listing Terms: Cash; Conventional
Lot Features: Wooded
Patio And Porch Features: Deck
Pool Features: Hot Tub
Possession: Close Of Escrow
Rental: Rental History
Road Surface Type: Paved
Roof: Composition
Security Features: Smoke Detector(s)
Sewer: Public Sewer
View: Mountain(s); River
Water Source: Public; Well
Showing Requirements: Appointment Only; Call Listing Agent; Lockbox
Listing Office:
Wallace Real Estate Lakeside
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.