3307 Valley High Road, Sevierville, TN 37862 (MLS# 256684)

3307 Valley High Road, Sevierville, TN 37862

$1,100,000
Property Type: Residential Bedrooms: 5 Baths: 3 Square Footage: 4,200 Lot Size (sq. ft.): 54,450 Status: Closed
Current Price: $1,100,000 List Date: 4/09/2023 Last Modified: 8/27/2024

Overview

Description

This is an exceptional opportunity to acquire a profitable rental property located in a highly desirable vacation destination. The property boasts a unique feature, allowing it to be rented as either a 5-bedroom or a 3-bedroom and 2-bedroom configuration, thereby catering to various group sizes. Furthermore, it comprises two rentals on a single plot, providing a potential source of additional income. We have secured a guarantee of $170,000 in gross revenue from a reputable local property management firm at an 80/20 revenue sharing arrangement. The primary residence is well-appointed with three bedrooms and two bathrooms, complemented by a game room and theater room. The guest house includes two bedrooms and one bathroom, a capacious living area, and an adjacent game room. Additionally, the property offers captivating views of Cove Mountain from every angle. We have matterports of all three buildings, but our system will only let us upload one. Please reach out if you'd like to see a ...

Listing Details MLS# 256684

General Property Information

Lot Size Acres
1.25
Living Area
4200
Above Grade Finished Area
4200
Bedrooms Total
5
Bathrooms Total
3
Bathrooms Full
3
Garage YN
No
Year Built
1995
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
261.9
Sold Price/SqFt
261.9
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer; Water Softener Owned Architectural Style: Cabin; Log Attic Features: Access Only Basement: Basement; Finished Construction Materials: Log Cooling: Central Air Exterior Features: Rain Gutters Fireplace Features: Electric Foundation Details: Slab Heating: Central; Electric Interior Features: Ceiling Fan(s); High Speed Internet; In-Law Floorplan Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: One and One Half Listing Terms: 1031 Exchange; Cash; Conventional Other Structures: Outbuilding Patio And Porch Features: Covered Possession: Close Of Escrow Rental: Rental History Road Frontage Type: County Road Roof: Composition Security Features: Smoke Detector(s) Sewer: Septic Tank; Septic Permit On File Water Source: Well Window Features: Double Pane Windows Showing Requirements: Appointment Only; Call Manager Room Types: Bedroom 2; Bedroom 3; Bedroom 4; Den; Dining Room; Game Room; Kitchen; Living Room; Primary Bedroom; Utility Room

Location Tax and Legal

Street Number
3307
Street Name
Valley High
Street Suffix
Road
County
Sevier
State
TN
Zip Code
37862
Property Sub Type
Single Family Residence
MLS Area Major
Wears Valley
Subdivision Name
Valley Home Estates

Contract Information

Original List Price
1100000
Listing Contract Date
2023-04-09
Owner Name
Predominant Duo LLC
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Association YN
No

Remarks and Miscellaneous

Public Remarks
This is an exceptional opportunity to acquire a profitable rental property located in a highly desirable vacation destination. The property boasts a unique feature, allowing it to be rented as either a 5-bedroom or a 3-bedroom and 2-bedroom configuration, thereby catering to various group sizes. Furthermore, it comprises two rentals on a single plot, providing a potential source of additional income. We have secured a guarantee of $170,000 in gross revenue from a reputable local property management firm at an 80/20 revenue sharing arrangement. The primary residence is well-appointed with three bedrooms and two bathrooms, complemented by a game room and theater room. The guest house includes two bedrooms and one bathroom, a capacious living area, and an adjacent game room. Additionally, the property offers captivating views of Cove Mountain from every angle. We have matterports of all three buildings, but our system will only let us upload one. Please reach out if you'd like to see a virtual walkthrough of each building.
Directions
Take US-321 S/Wears Valley Rd to Robeson Rd 17 min (9.4 mi) Turn right onto Parkway 1.5 mi Use the left 2 lanes to turn left onto Wears Valley Rd 0.2 mi Continue onto E Old Wears Valley Rd 217 ft Continue onto US-321 S/Wears Valley Rd Pass by Taco Bell (on the right) 7.6 mi Continue on Robeson Rd. Take Valley Home Rd to Valley High Rd 3 min (1.2 mi) Turn left onto Robeson Rd 0.7 mi Turn left onto Covemont Rd 0.2 mi Continue straight onto Valley Home Rd 0.3 mi Turn left onto Valley High Rd

Status Change Information

Major Change Timestamp
2023-05-31T17:37:24Z
Major Change Type
Status Change
Status Change Timestamp
2023-05-31
Purchase Contract Date
2023-04-18
Close Date
2023-05-31
Close Price
1100000
Buyer Financing
Conventional
Anticipated Closing Date
2023-05-31

More Information

Showing Requirements

Showing Instructions
Please provide POF with Offers. As with all Real Estate transactions, buyer should conduct due diligence and verify all information independently, including HOA info. Buyer to provide title insurance, have a survey, home inspection, and all other needed inspections. Information pulled from tax records and not verified by the listing agent/brokerage. Property is listed under Valley High Vista and Valley High Comfort on Timbertops Rental Website. Schedule Showing Via ShowingTime for access code.
Appointment Only
Yes
Call Manager
Yes

Room Types

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

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-1
Zoning Entity
Sevier County
Parcel Number
124 039.21
Tax Lot
17
Book/Page/Doc #
6149, 247
Tax Annual Amount
1190.66
Tax Year
2022

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes
Water Softener Owned
Yes

Architectural Style

Cabin
Yes
Log
Yes

Attic Features

Access Only
Yes

Basement

Basement
Yes
Finished
Yes

Construction Materials

Log
Yes

Cooling

Central Air
Yes

Exterior Features

Rain Gutters
Yes

Fireplace Features

Electric
Yes

Foundation Details

Slab
Yes

Heating

Central
Yes
Electric
Yes

Interior Features

Ceiling Fan(s)
Yes
High Speed Internet
Yes
In-Law Floorplan
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

One and One Half
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Other Structures

Outbuilding
Yes

Patio And Porch Features

Covered
Yes

Possession

Close Of Escrow
Yes

Rental

Rental History
Yes

Road Frontage Type

County Road
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Septic Tank
Yes
Septic Permit On File
Yes

Water Source

Well
Yes

Window Features

Double Pane Windows
Yes

Room Information

Room Name Level
Primary Bedroom First
Bedroom 2 First
Bedroom 3 First
Bedroom 4 First
Kitchen First
Dining Room First
Living Room First
Den First
Game Room Basement
Utility Room First
Primary Bedroom First
Bedroom 2 First
Bedroom 3 First
Bedroom 4 First
Kitchen First
Dining Room First
Living Room First
Den First
Game Room Basement
Utility Room First
Listing Office: Realty Executives Smoky Mounta
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.
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