3131 Cherokee Valley Drive, Sevierville, TN 37862 (MLS# 254859)

3131 Cherokee Valley Drive, Sevierville, TN 37862

$850,000
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 1,842 Lot Size (sq. ft.): 11,326 Status: Closed
Current Price: $850,000 List Date: 11/21/2022 Last Modified: 8/31/2024

Overview

Description

Fantastic investment opportunity. Brand new 4 bedroom 3 bathroom new construction property located an easy 2.5 mile drive from the main Parkway in Pigeon Forge. It is located in Cherokee Valley, which offers all city amenities of city water, city sewer, and available high speed cable/internet. The property has been tastefully decorated and features brand new appliances, granite counter tops, upgraded tile/glass bathrooms, and new furniture and dcor throughout. This new build has been outfitted with all the amenities a guest might enjoy including new hot tub on private rear covered deck, new televisions, foosball table, arcade system, and upscale furnishings. The property features quality flooring throughout, and has been beautifully decorated with decor and wood trim accents. This cabin has an annual gross rental projection of $90,000-$120,000 per year. This is a wonderful property for investors looking for something that is new, turnkey, and ready to rent!

Listing Details MLS# 254859

General Property Information

Lot Size Dimensions
60.01 X 186.42 IRR
Lot Size Acres
0.26
Living Area
1842
Above Grade Finished Area
1842
Bedrooms Total
4
Bathrooms Total
3
Bathrooms Full
3
Garage YN
No
Year Built
2022
Bonus Room YN
No
Accessory Dwelling Unit YN
No
Sign On Property YN
Yes
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
List Price/SqFt
475.03
Sold Price/SqFt
461.45
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Disposal; Dryer; Electric Cooktop; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Cabin Association Amenities: Other Association Fee Includes: Roads Attic Features: Access Only Basement: Crawl Space; None Construction Materials: Frame; Log Siding Cooling: Central Air; Electric Fireplace Features: Electric Heating: Central; Electric Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); High Speed Internet; Solid Surface Counters Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Level Parking Features: Driveway; Paved Patio And Porch Features: Covered; Deck Pool Features: Hot Tub Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Cable Available Water Source: Public Showing Requirements: Call Listing Agent

Location Tax and Legal

Street Number
3131
Street Name
Cherokee Valley
Street Suffix
Drive
County
Sevier
State
TN
Zip Code
37862
Property Sub Type
Single Family Residence
MLS Area Major
Bluff Mtn/Walde
Subdivision Name
Cherokee Valley

Contract Information

Original List Price
899000
Listing Contract Date
2022-11-21
Owner Name
Artica
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Occupant Type
Vacant
Common Interest
Planned Development
Association YN
Yes
Association Fee
150
Association Fee Frequency
Annually
Association Name
Cherokee Valley
Association Email
mkaminskysales@gmail.com
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
Fantastic investment opportunity. Brand new 4 bedroom 3 bathroom new construction property located an easy 2.5 mile drive from the main Parkway in Pigeon Forge. It is located in Cherokee Valley, which offers all city amenities of city water, city sewer, and available high speed cable/internet. The property has been tastefully decorated and features brand new appliances, granite counter tops, upgraded tile/glass bathrooms, and new furniture and dcor throughout. This new build has been outfitted with all the amenities a guest might enjoy including new hot tub on private rear covered deck, new televisions, foosball table, arcade system, and upscale furnishings. The property features quality flooring throughout, and has been beautifully decorated with decor and wood trim accents. This cabin has an annual gross rental projection of $90,000-$120,000 per year. This is a wonderful property for investors looking for something that is new, turnkey, and ready to rent!
Directions
From the Parkway in Pigeon Forge turn onto Wears Valley Road (Light #3). Take Wears Valley Road approximately 2.5 miles and turn right into Cherokee Valley Subdivision (just past Waldens Creek Road intersection). Property will be on the left hand side. 3131 Cherokee Valley Road.

Status Change Information

Major Change Timestamp
2023-02-28T18:28:34Z
Major Change Type
Status Change
Price Change Timestamp
2023-01-05T06:43:00Z
Status Change Timestamp
2023-02-28
Purchase Contract Date
2023-01-25
Close Date
2023-02-28
Close Price
850000
Buyer Financing
Conventional
Anticipated Closing Date
2023-02-28

More Information

Showing Requirements

Showing Instructions
Call or text Listing Agents Jared Drager at 865-244-6414 or Natalie Gribble at 865-661-5502 for questions or showings. Property is vacant and easy to show. Most information taken from tax records and/or owner's, and not verified by the listing agent/company. All information deemed reliable but not guaranteed. As with all Real Estate transactions, buyer should verify all information independently.
Call Listing Agent
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-1
Zoning Entity
Sevier County
Tax Lot
25
Book/Page/Doc #
5348, 321
Tax Annual Amount
106.94
Tax Year
2021

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Electric Cooktop
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Architectural Style

Cabin
Yes

Association Amenities

Other
Yes

Association Fee Includes

Roads
Yes

Attic Features

Access Only
Yes

Basement

Crawl Space
Yes
None
Yes

Construction Materials

Frame
Yes
Log Siding
Yes

Cooling

Central Air
Yes
Electric
Yes

Fireplace Features

Electric
Yes

Heating

Central
Yes
Electric
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Ceiling Fan(s)
Yes
High Speed Internet
Yes
Solid Surface Counters
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Two
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Lot Features

Level
Yes

Parking Features

Driveway
Yes
Paved
Yes

Patio And Porch Features

Covered
Yes
Deck
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Water Source

Public
Yes
Listing Office: Prime Mountain Properties
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.
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