417 Compass Point Way, Sevierville, TN 37876
$915,000
Property Type:
Residential
Bedrooms:
5
Baths:
5
Square Footage:
2,393
Lot Size (sq. ft.):
2,614
Status:
Closed
Current Price:
$915,000
List Date:
8/13/2024
Last Modified:
11/04/2024
Description
New-construction 5 bedroom cabin with a Bluff Mountain view! This stunning contemporary cabin boasts a total of 2,393 square feet of living space, complete with the latest upscale finishes and a chic, modern vibe. The dramatic open floor plan features walls of glass that let in an abundance of natural light and provide views of the surrounding landscape and mountains. There are 5 bedrooms, 4 full bathrooms, an additional half bathroom and an open loft! Step outside and enjoy the beauty of nature from the comfort of one of your oversized decks. This property will be furnished with high-end, commercial grade furniture sourced from the top suppliers in the short-term rental industry. The Lodges at Reedmont is a premier short-term rental development with city utilities and is located minutes from all the best attractions and entertainment in the area. It is 2 minutes from Soaky Mountain and the Sevierville Convention Center and Pigeon Forge is just a short 15-minute drive away with no steep roads along the way. As an added bonus, The Lodges at Reedmont is also designated as an opportunity zone, providing investors with the potential for tax benefits, including tax deferrals on capital gains and potential tax-free appreciation on investments held for 10 years or more. [Drone photography used] Cabin has sprinkler system.
More Information MLS# 302498
Location, Tax, and Legal
City/County: City
New Construction YN: Yes
New Construction Start Date: 2023-09-01
Estimated Completion Date: 2024-07-31
Restrictive Covenants YN: Yes
Zoning: C-5
Zoning Entity: C-5
Parcel Number: 037.57
Tax Lot: 163
Book/Page/Doc #: 6292/447
Tax Annual Amount: 368.22
Tax Year: 2023
Contract Information
Association Type: Mandatory
Auction YN: No
Owner Name: Tiny Home Vacations, LLC
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Common Interest: Planned Development
Association YN: Yes
Association Fee: 200
Association Fee Frequency: Monthly
Association Name: HOA
Association Phone: .
Association Email: hoa@lodgesatreedmont.com
Current Price: $915,000
Original List Price: 925000
Sold Price: $915,000
Status: Closed
Listing Contract Date: 2024-07-31
General Property Information
Stories Total: 3
Lot Size Acres: 0.06
Above Grade Finished Area: 1548
Below Grade Finished Area: 845
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 1
Garage Spaces: 0
Fireplace YN: Yes
Bonus Room YN: Yes
Number of Bonus Rooms: 1
Bonus Room Type(s): Loft
Furnished: Furnished
Accessory Dwelling Unit YN: No
Sign On Property YN: Yes
Home Warranty YN: No
Construction Type: Site Built
Planned Unit Development (PUD): Yes
View YN: Yes
List Price/SqFt: 386.54
Sold Price/SqFt: 382.37
Living Area: 2393
Bedrooms Total: 5
Bathrooms Total: 5
Bathrooms Full: 4
Year Built: 2024
Remarks and Miscellaneous
Public Remarks: New-construction 5 bedroom cabin with a Bluff Mountain view! This stunning contemporary cabin boasts a total of 2,393 square feet of living space, complete with the latest upscale finishes and a chic, modern vibe. The dramatic open floor plan features walls of glass that let in an abundance of natural light and provide views of the surrounding landscape and mountains. There are 5 bedrooms, 4 full bathrooms, an additional half bathroom and an open loft! Step outside and enjoy the beauty of nature from the comfort of one of your oversized decks. This property will be furnished with high-end, commercial grade furniture sourced from the top suppliers in the short-term rental industry. The Lodges at Reedmont is a premier short-term rental development with city utilities and is located minutes from all the best attractions and entertainment in the area. It is 2 minutes from Soaky Mountain and the Sevierville Convention Center and Pigeon Forge is just a short 15-minute drive away with no steep roads along the way. As an added bonus, The Lodges at Reedmont is also designated as an opportunity zone, providing investors with the potential for tax benefits, including tax deferrals on capital gains and potential tax-free appreciation on investments held for 10 years or more. [Drone photography used] Cabin has sprinkler system.
Directions: From Hwy 66 in Sevierville, turn onto Gists Creek Rd. towards Soaky Mountain Waterpark and continue for 1.2 miles. Turn right onto Reed Schoolhouse Rd. In .3 miles, the entrance will be on your right
Status Change Information
Status Change Timestamp: 2024-11-04
Buyer Financing: Conventional
Anticipated Closing Date: 2024-11-01
Major Change Timestamp: 2024-11-04T17:33:32Z
Major Change Type: Status Change
Purchase Contract Date: 2024-09-20
Close Date: 2024-11-04
Close Price: 915000
Appliances
Dishwasher: 1
Dryer: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cabin: 1
Contemporary: 1
Association Amenities
Clubhouse: 1
Basement
Basement: 1
Finished: 1
Full: 1
Construction Materials
Cement Siding: 1
Other: 1
Cooling
Central Air: 1
Fireplace Features
Fireplaces Total: 1
Electric: 1
Flooring
Vinyl: 1
Heating
Central: 1
Natural Gas: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Great Room: 1
Solid Surface Counters: 1
Walk-In Shower(s): 1
Laundry Features
Gas Dryer Hookup: 1
Laundry Room: 1
Washer Hookup: 1
Levels
Three Or More: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Patio And Porch Features
Covered: 1
Deck: 1
Porch: 1
Property Condition
New Construction: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Metal: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Utilities
Natural Gas Connected: 1
Sewer Connected: 1
Water Connected: 1
View
Mountain(s): 1
Trees/Woods: 1
Water Source
Public: 1
Showing Requirements
Showing Instructions: Text Rachel at 865-805-6114 for showings and more information. Estimated completion February 2024 and property to be furnished. Design book with furniture ordered is in Associated Docs. Closing company to be Tennessee Land Title. Offers to include preapproval/proof of funds, signed disclosures, and time limit of offer to be no less than 24 hours. Tax info is for original large parcel. Drone photography used. Last photos are of a different completed cabin in development with similar finishings.
See Remarks: 1
Location Tax and Legal
Street Number: 417
Street Name: Compass Point
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37876
Property Sub Type: Cabin
MLS Area Major: Sevierville
Subdivision Name: Other
Property Features
Appliances: Dishwasher; Dryer; Refrigerator; Washer
Architectural Style: Cabin; Contemporary
Association Amenities: Clubhouse
Basement: Basement; Finished; Full
Construction Materials: Cement Siding; Other
Cooling: Central Air
Fireplace Features: Electric
Flooring: Vinyl
Heating: Central; Natural Gas
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; Solid Surface Counters; Walk-In Shower(s)
Laundry Features: Gas Dryer Hookup; Laundry Room; Washer Hookup
Levels: Three Or More
Listing Terms: 1031 Exchange; Cash; Conventional
Patio And Porch Features: Covered; Deck; Porch
Property Condition: New Construction
Road Surface Type: Paved
Roof: Composition; Metal
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Utilities: Natural Gas Connected; Sewer Connected; Water Connected
View: Mountain(s); Trees/Woods
Water Source: Public
Showing Requirements: See Remarks
Listing Office:
Local Realty Group
Last Updated: November - 04 - 2024
Information deemed reliable but not guaranteed.