3070 Happy Hollow Road, Sevierville, TN 37862
$2,043,122.61
Property Type:
Residential
Bedrooms:
4
Baths:
5
Square Footage:
5,720
Lot Size (sq. ft.):
37,897
Status:
Closed
Current Price:
$2,043,122.61
List Date:
1/23/2024
Last Modified:
8/27/2024
Description
Wrapping Up REMODEL! Sprinkler system! Will be permitted to sleep 20! Projected income of $225k to $275k w/ 32% self managing ROI on 20% down payment // 13% ROI cash on cash! This gorgeous property is currently in the midst of a down to the studs remodel. Redesigned to appeal to the overnight rental market this property features: soaring cathedral ceilings, walls of glass, open kitchen - dining - living room area perfect for entertaining, heated indoor swimming pool, golf simulator, movie and game space, 4 spacious bedrooms, and 5 full bathrooms! Additional sleeping in game room/theater area! A tasteful combination of tongue and groove and drywall paired with modern light and water fixtures create an amazing ambiance that will appeal to a wide variety of guests! Conveniently located in the Wears Valley area, this property is only 15 minutes to Pigeon Forge Parkway and 10 minutes to up and coming Townsend! Easy access to the National Park through Line Springs Rd! You can even make your way to Gatlinburg using back roads to avoid the traffic. Est time of completion is April 2024.
More Information MLS# 268032
Location, Tax, and Legal
New Construction YN: No
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Parcel Number: 123 036.20
Tax Lot: 25R
Book/Page/Doc #: 6394, 531
Tax Annual Amount: 1238.76
Tax Year: 2022
Contract Information
Auction YN: No
Owner Name: Elevated Investment Group, LLC
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Association YN: No
Current Price: $2,043,122.61
Original List Price: 2150000
Sold Price: $2,043,122.61
Status: Closed
Listing Contract Date: 2024-01-23
General Property Information
Stories Total: 2
Lot Size Acres: 0.87
Above Grade Finished Area: 2860
Below Grade Finished Area: 2860
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 0
Garage Spaces: 0
Fireplace YN: Yes
Bonus Room YN: Yes
Number of Bonus Rooms: 1
Bonus Room Type(s): Sleeping / game room theater combo
Furnished: Furnished
Accessory Dwelling Unit YN: No
Sign On Property YN: Yes
Home Warranty YN: No
Construction Type: Site Built
List Price/SqFt: 356.56
Sold Price/SqFt: 357.19
Living Area: 5720
Bedrooms Total: 4
Bathrooms Total: 5
Bathrooms Full: 5
Year Built: 1996
Remarks and Miscellaneous
Public Remarks: Wrapping Up REMODEL! Sprinkler system! Will be permitted to sleep 20! Projected income of $225k to $275k w/ 32% self managing ROI on 20% down payment // 13% ROI cash on cash! This gorgeous property is currently in the midst of a down to the studs remodel. Redesigned to appeal to the overnight rental market this property features: soaring cathedral ceilings, walls of glass, open kitchen - dining - living room area perfect for entertaining, heated indoor swimming pool, golf simulator, movie and game space, 4 spacious bedrooms, and 5 full bathrooms! Additional sleeping in game room/theater area! A tasteful combination of tongue and groove and drywall paired with modern light and water fixtures create an amazing ambiance that will appeal to a wide variety of guests! Conveniently located in the Wears Valley area, this property is only 15 minutes to Pigeon Forge Parkway and 10 minutes to up and coming Townsend! Easy access to the National Park through Line Springs Rd! You can even make your way to Gatlinburg using back roads to avoid the traffic. Est time of completion is April 2024.
Directions: From Pigeon Forge Traffic light #3 take Wears Valley Rd. Go 9.8 miles and turn RIGHT onto Happy Hollow Rd. Go .4 miles to home on LEFT. See sign. Home is just before you are able to veer RIGHT onto S. Clear Fork Rd.
Status Change Information
Status Change Timestamp: 2024-07-31
Buyer Financing: Cash
Anticipated Closing Date: 2024-07-16
Major Change Timestamp: 2024-07-31T14:39:25Z
Major Change Type: Status Change
Price Change Timestamp: 2024-05-08T15:32:38Z
Purchase Contract Date: 2024-06-06
Close Date: 2024-07-29
Close Price: 2043122.61
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Log: 1
Attic Features
None: 1
Basement
Basement: 1
Finished: 1
Construction Materials
Frame: 1
Stone: 1
Wood Siding: 1
Cooling
Electric: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Fireplaces Total: 1
Electric: 1
Heating
Electric: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Great Room: 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
Lot Features
Sprinklers In Front: 1
Sprinklers In Rear: 1
Patio And Porch Features
Covered: 1
Deck: 1
Pool Features
In Ground: 1
Possession
Close Of Escrow: 1
Road Frontage Type
County Road: 1
Easement: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Septic Tank: 1
Water Source
Shared Well: 1
Window Features
Double Pane Windows: 1
Window Treatments: 1
Showing Requirements
Showing Instructions: For questions, to show, or submit an offer send to Greg Korlin at 865-643-2103 // gregkorlin@gmail.com.
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Location Tax and Legal
Street Number: 3070
Street Name: Happy Hollow
Street Suffix: Road
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Single Family Residence
MLS Area Major: Wears Valley
Subdivision Name: Wears Cove Acres
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style: Log
Attic Features: None
Basement: Basement; Finished
Construction Materials: Frame; Stone; Wood Siding
Cooling: Electric
Exterior Features: Rain Gutters
Fireplace Features: Electric
Heating: Electric
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; Solid Surface Counters
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: Sprinklers In Front; Sprinklers In Rear
Patio And Porch Features: Covered; Deck
Pool Features: In Ground
Possession: Close Of Escrow
Road Frontage Type: County Road; Easement
Road Surface Type: Paved
Roof: Composition
Security Features: Smoke Detector(s)
Sewer: Septic Tank
Water Source: Shared Well
Window Features: Double Pane Windows; Window Treatments
Showing Requirements: See Remarks
Listing Office:
Century 21 MVP
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.