3211 Midvalley Drive, Pigeon Forge, TN 37863 (MLS# 263469)

3211 Midvalley Drive, Pigeon Forge, TN 37863

$825,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 2,180 Status: Closed
Current Price: $825,000 List Date: 9/19/2023 Last Modified: 8/31/2024

Overview

Description

This vacation rental is an investor's dream! Located less than a mile from the Parkway, it's no wonder this cabin grossed an average of $104,321/year in the last two years. The two minute drive to the Parkway is smooth and easy - no unpaved, steep, or winding roads! HUGE private driveway for up to 6 vehicles to park. As part of the Arrowhead Resort, the HOA offers a recently renovated community POOL located directly across from the property. Built in 2020, this fully furnished cabin comfortably accommodates 12 guests in 4 spacious king bedrooms with ensuite bathrooms and two queen sleeper sofas. There are 4K Roku TVs in every room, and a 75” TV in the theater room. Right off the theater room is a pool table and conveniently located half bath. A high-speed Wi-Fi system provides fast internet in every corner of the home. Enjoy the peaceful wooded view from the covered decks, with a grill on the first level and a large hot tub located on the 2nd level. Property is on city water and sewe ...

Listing Details MLS# 263469

General Property Information

Living Area
2180
Above Grade Finished Area
2180
Bedrooms Total
4
Bathrooms Total
5
Bathrooms Full
4
Bathrooms Half
Yes
Garage YN
No
Year Built
2020
Bonus Room YN
No
Accessory Dwelling Unit YN
No
Sign On Property YN
No
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
List Price/SqFt
380.73
Sold Price/SqFt
378.44
Lot Size Acres
0
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Cooktop; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Cabin Association Amenities: Pool Association Fee Includes: Maintenance Grounds; Roads Attic Features: None Basement: None Construction Materials: Frame; Log Siding Cooling: Central Air; Electric; Heat Pump Exterior Features: Rain Gutters Fireplace Features: Electric Flooring: Wood Foundation Details: Slab Heating: Central; Electric; Heat Pump Interior Features: 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; Patio; Porch Pool Features: Hot Tub; Private Rental: Rental History Road Frontage Type: City Street Road Surface Type: Paved Roof: Metal Security Features: Security System; Smoke Detector(s) Sewer: Public Sewer Water Source: Public Window Features: Window Treatments Showing Requirements: Appointment Only; See Remarks Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Dining Room; Game Room; Kitchen; Living Room; Primary Bedroom

Location Tax and Legal

Street Number
3211
Street Name
Midvalley
Street Suffix
Drive
County
Sevier
State
TN
Zip Code
37863
Property Sub Type
Single Family Residence
MLS Area Major
Pigeon Forge
Subdivision Name
Arrowhead Resort

Contract Information

Original List Price
849900
Listing Contract Date
2023-09-19
Owner Name
Eli, Gary, & Connie Poesnecker
Listing Agreement
Exclusive Right To Sell
Occupancy
Overnight Only
Common Interest
Planned Development
Rental History Gross Amount 1
126038.4
Rental History Year 1
2021
Rental History Gross Amount 2
82604.64
Rental History Year 2
2022
Association YN
Yes
Association Fee
150
Association Fee Frequency
Monthly
Association Name
Arrowhead Resort
Association Email
mickeylynnturner@gmail.com
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
This vacation rental is an investor's dream! Located less than a mile from the Parkway, it's no wonder this cabin grossed an average of $104,321/year in the last two years. The two minute drive to the Parkway is smooth and easy - no unpaved, steep, or winding roads! HUGE private driveway for up to 6 vehicles to park. As part of the Arrowhead Resort, the HOA offers a recently renovated community POOL located directly across from the property. Built in 2020, this fully furnished cabin comfortably accommodates 12 guests in 4 spacious king bedrooms with ensuite bathrooms and two queen sleeper sofas. There are 4K Roku TVs in every room, and a 75” TV in the theater room. Right off the theater room is a pool table and conveniently located half bath. A high-speed Wi-Fi system provides fast internet in every corner of the home. Enjoy the peaceful wooded view from the covered decks, with a grill on the first level and a large hot tub located on the 2nd level. Property is on city water and sewer, so no sulfuric well water or septic issues here! Durable, low-maintenance metal roofing tops off this incredible property.
Directions
Heading South down the Parkway, take a right on Pine Mountain Road. Drive 0.7 miles then turn left on Midvalley Drive. Cabin is located on the left.

Status Change Information

Major Change Timestamp
2023-11-22T18:49:42Z
Major Change Type
Status Change
Price Change Timestamp
2023-10-03T04:18:48Z
Status Change Timestamp
2023-11-22
Purchase Contract Date
2023-10-05
Close Date
2023-11-22
Close Price
825000
Buyer Financing
Other
Anticipated Closing Date
2023-11-27

More Information

Fireplace Features

Fireplaces Total
Yes
Electric
Yes

Showing Requirements

Showing Instructions
Property is an active overnight rental. To schedule showing appointments, contact listing agent at (806) 335-6020. Email offers to rachelteal@kw.com. Offer instructions are in attached documents. Note: Buyers may need to honor rental agreement with current property management company for a short time after closing. Rental income for any stays beginning after closing will be distributed to new property owners.
Appointment Only
Yes
See Remarks
Yes

Room Types

Bedroom 2 Level
Yes
Bedroom 3 Level
2
Bedroom 4 Level
2
Dining Room Level
Yes
Game Room Level
2
Kitchen Level
Yes
Living Room Level
Yes
Primary Bedroom Level
Yes
Bedroom 2
Yes
Bedroom 3
Yes
Bedroom 4
Yes
Dining Room
Yes
Game Room
Yes
Kitchen
Yes
Living Room
Yes
Primary Bedroom
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
C-1
Zoning Entity
Pigeon Forge
Tax Lot
65
Book/Page/Doc #
5356, 709
Tax Annual Amount
466
Tax Year
2022

Appliances

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

Architectural Style

Cabin
Yes

Association Amenities

Pool
Yes

Association Fee Includes

Maintenance Grounds
Yes
Roads
Yes

Attic Features

None
Yes

Basement

None
Yes

Construction Materials

Frame
Yes
Log Siding
Yes

Cooling

Central Air
Yes
Electric
Yes
Heat Pump
Yes

Exterior Features

Rain Gutters
Yes

Flooring

Wood
Yes

Foundation Details

Slab
Yes

Heating

Central
Yes
Electric
Yes
Heat Pump
Yes

Interior Features

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
Patio
Yes
Porch
Yes

Pool Features

Hot Tub
Yes
Private
Yes

Rental

Rental History
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Roof

Metal
Yes

Security Features

Security System
Yes
Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Window Features

Window Treatments
Yes

Room Information

Room Name Level
Primary Bedroom First
Bedroom 2 First
Bedroom 3 Second
Bedroom 4 Second
Kitchen First
Dining Room First
Living Room First
Game Room Second
Primary Bedroom First
Bedroom 2 First
Bedroom 3 Second
Bedroom 4 Second
Kitchen First
Dining Room First
Living Room First
Game Room Second
Listing Office: Keller Williams Realty Nashville/Franklin
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.
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