3867 Holders Grove Road, Cosby, TN 37722

$800,700
Property Type: Residential Bedrooms: 3 Baths: 4 Square Footage: 2,344 Lot Size (sq. ft.): 43,996 Status: Closed
Current Price: $800,700 List Date: 1/12/2023 Last Modified: 9/02/2024

Overview

Description

Ridiculous Views AND flat ground!? Yes, that is what this property offers. This is a great short term rental opportunity at a great price for a brand new 3 bedroom cabin. With rental projections of $105-$115,000+, this property would make a great addition to your real estate portfolio. Cabin sits on an acre of flat ground and is positioned in such a way to showcase the amazing mountain views from all areas of the cabin. There is also a beautiful stone fire-pit with poly-wood Adirondack chairs for people to enjoy an evening fire while enjoying the beautiful views. The cabin features 4 full bedrooms with ensuite bathrooms, a large kitchen with plenty of cabinet and countertop space along with leathered granite countertops. The living room/great room has cathedral ceilings, floor to ceiling stone fireplace, and a wall of windows to showcase those mountain views. The cabins of Majestic View have no restrictions and there is no HOA. They are on well and septic so the only utility costs are ...

Listing Details MLS# 255400

General Property Information

Lot Size Acres
1.01
Living Area
2344
Above Grade Finished Area
2344
Bedrooms Total
3
Bathrooms Total
4
Bathrooms Full
4
Garage YN
No
Year Built
2022
Bonus Room YN
No
Accessory Dwelling Unit YN
No
Sign On Property YN
Yes
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
View YN
Yes
List Price/SqFt
373.29
Sold Price/SqFt
341.6
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 Architectural Style: Chalet; Cottage; Craftsman Attic Features: Access Only Basement: Crawl Space; None Construction Materials: Cedar; Cement Siding; Frame; Stone Cooling: Central Air; Electric; Heat Pump Exterior Features: Rain Gutters Fireplace Features: Electric Flooring: Wood Heating: Central; Electric; Heat Pump Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; 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 Pool Features: Hot Tub Possession: Close Of Escrow Road Frontage Type: County Road Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Sewer: Septic Tank Utilities: Cable Available View: Mountain(s) Water Source: Well Window Features: Window Treatments Showing Requirements: Appointment Only; See Remarks

Location Tax and Legal

Street Number
3867
Street Name
Holders Grove
Street Suffix
Road
County
Cocke
State
TN
Zip Code
37722
Property Sub Type
Single Family Residence
MLS Area Major
Cosby
Subdivision Name
Majestic View

Contract Information

Original List Price
875000
Listing Contract Date
2023-01-12
Owner Name
Husky/Carr
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Association YN
No

Remarks and Miscellaneous

Public Remarks
Ridiculous Views AND flat ground!? Yes, that is what this property offers. This is a great short term rental opportunity at a great price for a brand new 3 bedroom cabin. With rental projections of $105-$115,000+, this property would make a great addition to your real estate portfolio. Cabin sits on an acre of flat ground and is positioned in such a way to showcase the amazing mountain views from all areas of the cabin. There is also a beautiful stone fire-pit with poly-wood Adirondack chairs for people to enjoy an evening fire while enjoying the beautiful views. The cabin features 4 full bedrooms with ensuite bathrooms, a large kitchen with plenty of cabinet and countertop space along with leathered granite countertops. The living room/great room has cathedral ceilings, floor to ceiling stone fireplace, and a wall of windows to showcase those mountain views. The cabins of Majestic View have no restrictions and there is no HOA. They are on well and septic so the only utility costs are electric and digital services. Very low overhead! This is a great opportunity in this changing market to take advantage of a property that has the potential of generating 11-14+% ROI (gross rent:purchase price).
Directions
From Gatlinburg travel Hwy 321 approx. 20 miles to a left on Ball Park. Ball Park automatically turns into Holders Grove. House is the first on left past County Line Road. From I-40/Newport travel 321 approx. 10 miles to a right on Bal Park. Ball Park automatically turns into Holders Grove. House is the first on left past County Line Road.

Status Change Information

Major Change Timestamp
2023-02-28T18:31:06Z
Major Change Type
Status Change
Status Change Timestamp
2023-02-28
Purchase Contract Date
2023-01-28
Close Date
2023-02-28
Close Price
800700
Buyer Financing
Conventional
Anticipated Closing Date
2023-02-27

More Information

Fireplace Features

Fireplaces Total
Yes
Electric
Yes

Showing Requirements

Showing Instructions
To schedule a showing, call/text Christian Maloney at 865-809-3344. **ALL OFFERS TO INCLUDE ALL ASSOCIATED DOCUMENT DISCLOSURES** and to be sent to matthew@themaloneyteam.com.
Appointment Only
Yes
See Remarks
Yes

Historical Information

Public Historical Remarks
Interior Features: Large Primary Bedroom

Location, Tax, and Legal

Restrictive Covenants YN
No
Zoning
None
Zoning Entity
Cocke County
Tax Lot
1D
Book/Page/Doc #
1540, 510
Tax Annual Amount
812
Tax Year
2022

Appliances

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

Architectural Style

Chalet
Yes
Cottage
Yes
Craftsman
Yes

Attic Features

Access Only
Yes

Basement

Crawl Space
Yes
None
Yes

Construction Materials

Cedar
Yes
Cement Siding
Yes
Frame
Yes
Stone
Yes

Cooling

Central Air
Yes
Electric
Yes
Heat Pump
Yes

Exterior Features

Rain Gutters
Yes

Flooring

Wood
Yes

Heating

Central
Yes
Electric
Yes
Heat Pump
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Ceiling Fan(s)
Yes
Great Room
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

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

County Road
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Septic Tank
Yes

Utilities

Cable Available
Yes

View

Mountain(s)
Yes

Water Source

Well
Yes

Window Features

Window Treatments
Yes
Listing Office: Prime Mountain Properties
Last Updated: September - 02 - 2024
Information deemed reliable but not guaranteed.