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
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 virtual walkthrough of each building.
More Information MLS# 256684
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
Contract Information
Owner Name: Predominant Duo LLC
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Association YN: No
Current Price: $1,100,000
Original List Price: 1100000
Sold Price: $1,100,000
Status: Closed
Listing Contract Date: 2023-04-09
General Property Information
Lot Size Acres: 1.25
Above Grade Finished Area: 4200
Below Grade Finished Area: 0
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 0
Garage Spaces: 0
Bonus Room YN: No
Furnished: Furnished
Accessory Dwelling Unit YN: No
Sign On Property YN: Yes
Home Warranty YN: No
Construction Type: Site Built
List Price/SqFt: 261.9
Sold Price/SqFt: 261.9
Living Area: 4200
Bedrooms Total: 5
Bathrooms Total: 3
Bathrooms Full: 3
Year Built: 1995
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
Status Change Timestamp: 2023-05-31
Buyer Financing: Conventional
Anticipated Closing Date: 2023-05-31
Major Change Timestamp: 2023-05-31T17:37:24Z
Major Change Type: Status Change
Purchase Contract Date: 2023-04-18
Close Date: 2023-05-31
Close Price: 1100000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Water Softener Owned: 1
Architectural Style
Cabin: 1
Log: 1
Attic Features
Access Only: 1
Basement
Basement: 1
Finished: 1
Construction Materials
Log: 1
Cooling
Central Air: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Electric: 1
Foundation Details
Slab: 1
Heating
Central: 1
Electric: 1
Interior Features
Ceiling Fan(s): 1
High Speed Internet: 1
In-Law Floorplan: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
One and One Half: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other Structures
Outbuilding: 1
Patio And Porch Features
Covered: 1
Possession
Close Of Escrow: 1
Rental
Rental History: 1
Road Frontage Type
County Road: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Septic Tank: 1
Septic Permit On File: 1
Water Source
Well: 1
Window Features
Double Pane Windows: 1
Showing Requirements
Appointment Only: 1
Call Manager: 1
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.
Room Types
Bedroom 2: 1
Bedroom 2 Level: 1
Bedroom 3: 1
Bedroom 3 Level: 1
Bedroom 4: 1
Bedroom 4 Level: 1
Den: 1
Den Level: 1
Dining Room: 1
Dining Room Level: 1
Game Room: 1
Game Room Level: B
Kitchen: 1
Kitchen Level: 1
Living Room: 1
Living Room Level: 1
Primary Bedroom: 1
Primary Bedroom Level: 1
Utility Room: 1
Utility Room Level: 1
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
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
Room Information
Primary Bedroom
Level: First
Bedroom 2
Level: First
Bedroom 3
Level: First
Bedroom 4
Level: First
Kitchen
Level: First
Dining Room
Level: First
Living Room
Level: First
Den
Level: First
Game Room
Level: Basement
Utility Room
Level: First
Primary Bedroom
Level: First
Bedroom 2
Level: First
Bedroom 3
Level: First
Bedroom 4
Level: First
Kitchen
Level: First
Dining Room
Level: First
Living Room
Level: First
Den
Level: First
Game Room
Level: Basement
Utility Room
Level: First
Listing Office:
Realty Executives Smoky Mounta
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.