3786 Thomas Cross Road, Sevierville, TN 37876

$1,150,000
Property Type: Residential Income Bedrooms: 5 Baths: 5 Square Footage: 1,920 Lot Size (sq. ft.): 262,667 Status: Closed
Current Price: $1,150,000 List Date: 7/20/2023 Last Modified: 9/10/2024

Overview

Description

Must see!! Five enchanting honeymoon cabins, each spanning 384 square feet. These delightful cabins offer an intimate and secluded haven, complete with private hot tubs for a truly indulgent escape. With a remarkable total rental gross income of $137,160 in 2021 and $137,254 in 2022, this property has established itself as a thriving investment opportunity. The property is equipped with six septic systems, while the shared well efficiently pumps an impressive 30 gallons per minute, guaranteeing ample water supply. Notably, this property enjoys a prime location, only minutes away from the captivating Forbidden Caverns and a mere 16 miles from the vibrant center of Pigeon Forge. Guests can easily explore the wonders of the area while relishing the tranquility of their cabin retreat. Please note these cabins are booked through October. Showings for this property must be scheduled in advance. The availability for viewing may be limited, with only one or two cabins accessible at a time. Ple ...

Listing Details MLS# 258406

General Property Information

Number Of Units Total
5
Lot Size Acres
6.03
Living Area
1920
Bedrooms Total
5
Bathrooms Total
5
Bathrooms Full
5
Garage YN
No
Year Built
1995
Bonus Room YN
No
Sign On Property YN
Yes
Home Warranty YN
No
List Price/SqFt
572.92
Sold Price/SqFt
598.96
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Unit Details: Furnished Construction Materials: Log Siding; Wood Siding Cooling: Wall Unit(s) Fireplace Features: Wood Burning Heating: Electric Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Private Pool Features: Hot Tub Possession: Close Of Escrow; Other Rental: Rental History Road Surface Type: Gravel Sewer: Septic Tank; Septic Permit On File Utilities: Cable Available Water Source: Shared Well Showing Requirements: Appointment Only; Call Listing Agent; Listing Agent Must Accompany

Location Tax and Legal

Street Number
3786
Street Name
Thomas Cross
Street Suffix
Road
County
Sevier
State
TN
Zip Code
37876
Property Sub Type
Multi Family
MLS Area Major
Sevierville

Contract Information

Original List Price
1200000
Listing Contract Date
2023-07-20
Owner Name
Feeney, Feeney, Chapman
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Rental History Gross Amount 1
137160
Rental History Year 1
2021
Rental History Gross Amount 2
137254
Rental History Year 2
2022
Association YN
No

Remarks and Miscellaneous

Public Remarks
Must see!! Five enchanting honeymoon cabins, each spanning 384 square feet. These delightful cabins offer an intimate and secluded haven, complete with private hot tubs for a truly indulgent escape. With a remarkable total rental gross income of $137,160 in 2021 and $137,254 in 2022, this property has established itself as a thriving investment opportunity. The property is equipped with six septic systems, while the shared well efficiently pumps an impressive 30 gallons per minute, guaranteeing ample water supply. Notably, this property enjoys a prime location, only minutes away from the captivating Forbidden Caverns and a mere 16 miles from the vibrant center of Pigeon Forge. Guests can easily explore the wonders of the area while relishing the tranquility of their cabin retreat. Please note these cabins are booked through October. Showings for this property must be scheduled in advance. The availability for viewing may be limited, with only one or two cabins accessible at a time. Please contact Listing Agent with any further questions.
Directions
From Downtown Sevierville travel on Dolly Parton parkway stay straight past Sevier County High School onto 411N continue on 411N for 9.6 miles. You will turn right onto Thomas Cross Road and stay on this road for 2 miles. Slight left on to Old Thomas Cross Road. The driveway will be on the left, then take a right through gate and first cabin will be on the right.

Status Change Information

Major Change Timestamp
2024-03-07T22:50:49Z
Major Change Type
Status Change
Price Change Timestamp
2023-11-09T21:29:02Z
Status Change Timestamp
2024-03-07
Purchase Contract Date
2023-12-06
Close Date
2024-03-07
Close Price
1150000
Buyer Financing
Other
Anticipated Closing Date
2024-03-04

More Information

Showing Requirements

Showing Instructions
As with all real estate transactions, you should verify all information independently.
Appointment Only
Yes
Call Listing Agent
Yes
Listing Agent Must Accompany
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
A-1
Zoning Entity
Sevier County
Parcel Number
033.02
Tax Lot
2,3,4
Book/Page/Doc #
3463, 555
Tax Annual Amount
1350
Tax Year
2022

Unit Details

Furnished
Yes

Construction Materials

Log Siding
Yes
Wood Siding
Yes

Cooling

Wall Unit(s)
Yes

Fireplace Features

Wood Burning
Yes

Heating

Electric
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Lot Features

Private
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes
Other
Yes

Rental

Rental History
Yes

Road Surface Type

Gravel
Yes

Sewer

Septic Tank
Yes
Septic Permit On File
Yes

Utilities

Cable Available
Yes

Water Source

Shared Well
Yes
Listing Office: RE/MAX Adventure Realty
Last Updated: September - 10 - 2024
Information deemed reliable but not guaranteed.