3423 Pebble Stone Way, Pigeon Forge, TN 37863 (MLS# 253164)

3423 Pebble Stone Way, Pigeon Forge, TN 37863

$859,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,768 Status: Closed
Current Price: $859,000 List Date: 7/29/2022 Last Modified: 8/31/2024

Overview

Description

This turn-key investment property built in 2020 is a big-time money maker! The property did 102k in rental income for 2021 and is already over 68k for 2022. This 3 bedroom, 3 full bath cabin comes fully furnished, including appliances, pool table, hot tub, and electric car charging port. Brookstone Village is only a few short minutes to Dollywood, the new Island recreational development, and the Great Smoky Mountain National Park. Brookstone Village is a quiet, park-like setting with a swimming pool, yet less than a mile from the Parkway. A big benefit is city water and sewer. No issues with wells or septic systems. The HOA fee is $315 a QUARTER.

Listing Details MLS# 253164

General Property Information

Living Area
1768
Above Grade Finished Area
1768
Bedrooms Total
3
Bathrooms Total
3
Bathrooms Full
3
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
508.48
Sold Price/SqFt
485.86
Lot Size Acres
0
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Washer Architectural Style: Cabin Association Amenities: Pool; Other Association Fee Includes: Insurance; Maintenance Grounds Attic Features: None Basement: Crawl Space; None Construction Materials: Frame Cooling: Central Air Fireplace Features: Insert Flooring: Wood Heating: Central Interior Features: Ceiling Fan(s); High Speed Internet; Soaking Tub Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Wooded Parking Features: Driveway; Paved Patio And Porch Features: Covered; Deck; Porch Pool Features: Hot Tub Possession: Close Of Escrow Rental: On Site Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition Sewer: Public Sewer Water Source: Public Showing Requirements: See Remarks

Location Tax and Legal

Street Number
3423
Street Name
Pebble Stone
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37863
Property Sub Type
Single Family Residence
MLS Area Major
Pigeon Forge
Subdivision Name
Brookstone Village

Contract Information

Original List Price
899000
Listing Contract Date
2022-07-29
Owner Name
Fogarty
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Common Interest
Planned Development
Association YN
Yes
Association Fee
315
Association Fee Frequency
Quarterly
Association Name
Brookstone Village
Association Email
ludemat@charter.net
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
This turn-key investment property built in 2020 is a big-time money maker! The property did 102k in rental income for 2021 and is already over 68k for 2022. This 3 bedroom, 3 full bath cabin comes fully furnished, including appliances, pool table, hot tub, and electric car charging port. Brookstone Village is only a few short minutes to Dollywood, the new Island recreational development, and the Great Smoky Mountain National Park. Brookstone Village is a quiet, park-like setting with a swimming pool, yet less than a mile from the Parkway. A big benefit is city water and sewer. No issues with wells or septic systems. The HOA fee is $315 a QUARTER.
Directions
From the Pigeon Forge Parkway turn onto Ogle Dr. and follow approx .5 mile to a right into Brookstone Village Resort. Take the first left turn and then the next left. At the ROCK, turn left to the property on left.

Status Change Information

Major Change Timestamp
2022-10-17T17:21:49Z
Major Change Type
Status Change
Status Change Timestamp
2022-10-17
Purchase Contract Date
2022-08-31
Close Date
2022-10-17
Close Price
859000
Buyer Financing
Cash
Anticipated Closing Date
2022-10-15

More Information

Showing Requirements

Showing Instructions
Call/text Devan Grissom @ 865-919-5172 for showings. Send all offers to devan.grissom.realtor@gmail.com. Self-managed, the owner is willing to manage this rental for 20% gross and will put the cabin into the mid-90th percentile of both occupancy and revenue for 2022. That being said, this property will be very tough to show because it turns once a week and there is roughly a 3-hour window for cleaners/showings. Available to show today 7/29 and Wednesday 8/3 during the turn
See Remarks
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-2
Zoning Entity
Sevier County
Tax Lot
/40-R
Book/Page/Doc #
44, 174
Tax Annual Amount
1932.29
Tax Year
2021

Appliances

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

Architectural Style

Cabin
Yes

Association Amenities

Pool
Yes
Other
Yes

Association Fee Includes

Insurance
Yes
Maintenance Grounds
Yes

Attic Features

None
Yes

Basement

Crawl Space
Yes
None
Yes

Construction Materials

Frame
Yes

Cooling

Central Air
Yes

Fireplace Features

Insert
Yes

Flooring

Wood
Yes

Heating

Central
Yes

Interior Features

Ceiling Fan(s)
Yes
High Speed Internet
Yes
Soaking Tub
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Two
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Lot Features

Wooded
Yes

Parking Features

Driveway
Yes
Paved
Yes

Patio And Porch Features

Covered
Yes
Deck
Yes
Porch
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Rental

On Site
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes
Listing Office: United Real Estate Solutions
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.
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