612 Chickasaw Gap Way, Pigeon Forge, TN 37862 (MLS# 243023)

612 Chickasaw Gap Way, Pigeon Forge, TN 37862

$950,000
Property Type: Residential Bedrooms: 5 Baths: 5 Square Footage: 2,792 Status: Closed
Current Price: $950,000 List Date: 6/05/2021 Last Modified: 8/31/2024

Overview

Description

Must see 5 bedroom/5 bath INCOME PRODUCING cabin right off the Parkway in the heart of Pigeon Forge. Built in 2019 and meticulously maintained, this cabin is completely turn-key with a huge hot tub, pool table, foosball table, 2 living rooms, 8 TVs, and both gas and charcoal grills. The kitchen is fully equipped with service for 16 and a brand new set of pots and pans. 2020 gross earnings at $108k and on track for $132k for 2021 - don't miss out on this investment opportunity! Decks were stained in November 2020. Private driveway can hold 3 cars plus 2 additional designated parking spots across from the cabin. UPDATE: Multiple offers - please submit final offers by Monday, 6/7 at 6pm.

Listing Details MLS# 243023

General Property Information

Living Area
2792
Above Grade Finished Area
1832
Below Grade Finished Area
960
Bedrooms Total
5
Bathrooms Total
5
Bathrooms Full
5
Garage YN
No
Year Built
2019
Bonus Room YN
Yes
Accessory Dwelling Unit YN
No
Sign On Property YN
No
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
List Price/SqFt
322.31
Sold Price/SqFt
340.26
Lot Size Acres
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Microwave; Range Hood; Refrigerator; Washer Architectural Style: Cabin Association Amenities: Pool Association Fee Includes: Insurance Attic Features: None Basement: Basement; Finished Construction Materials: Log Cooling: Central Air; Electric Fireplace Features: Electric Heating: Central Interior Features: Ceiling Fan(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Three Or More Listing Terms: Cash; Conventional Patio And Porch Features: Deck Possession: Close Of Escrow Rental: Rental History Road Frontage Type: City Street Roof: Metal Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only; See Remarks

Location Tax and Legal

Street Number
612
Street Name
Chickasaw Gap
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37862
Property Sub Type
Single Family Residence
MLS Area Major
Pigeon Forge
Subdivision Name
Arrowhead Resort

Contract Information

Original List Price
899900
Listing Contract Date
2021-06-05
Owner Name
Stewart
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Common Interest
Planned Development
Rental History Gross Amount 1
108000
Rental History Year 1
2020
Rental History Gross Amount 2
132000
Rental History Year 2
2021
Association YN
Yes
Association Fee
142
Association Fee Frequency
Monthly
Association Name
Arrowhead Resort
Association Email
TBD
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
Must see 5 bedroom/5 bath INCOME PRODUCING cabin right off the Parkway in the heart of Pigeon Forge. Built in 2019 and meticulously maintained, this cabin is completely turn-key with a huge hot tub, pool table, foosball table, 2 living rooms, 8 TVs, and both gas and charcoal grills. The kitchen is fully equipped with service for 16 and a brand new set of pots and pans. 2020 gross earnings at $108k and on track for $132k for 2021 - don't miss out on this investment opportunity! Decks were stained in November 2020. Private driveway can hold 3 cars plus 2 additional designated parking spots across from the cabin. UPDATE: Multiple offers - please submit final offers by Monday, 6/7 at 6pm.
Directions
From the Parkway in Pigeon Forge take Red Light #6 Pine Mountain Road. Follow Pine Mountain Rd for 0.7 miles then turn left onto Midvalley Drive. Then take an immediate right on Choctaw Hill Way. Follow to the top of the hill and turn left at the stop sign onto Chickasaw Gap Way.

Status Change Information

Major Change Timestamp
2021-07-15T16:50:00Z
Major Change Type
Status Change
Status Change Timestamp
2021-07-15
Purchase Contract Date
2021-06-08
Close Date
2021-07-15
Close Price
950000
Buyer Financing
Conventional
Anticipated Closing Date
2021-07-15

More Information

Showing Requirements

Showing Instructions
UPDATE: Multiple offers - please submit final offers by Monday, 6/7 at 6pm. Venture Resorts projects for it to do $140,000-$150,000 and will honor an 80/20 split.The cabin is currently rented by the owner on Airbnb:https://airbnb.com/h/bearcubcrossing
Appointment Only
Yes
See Remarks
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
C-1
Zoning Entity
Pigeon Forge
Parcel Number
094G E 001.00 046
Tax Lot
46-R
Book/Page/Doc #
5435, 215
Tax Annual Amount
1474.45
Tax Year
2019

Appliances

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

Architectural Style

Cabin
Yes

Association Amenities

Pool
Yes

Association Fee Includes

Insurance
Yes

Attic Features

None
Yes

Basement

Basement
Yes
Finished
Yes

Construction Materials

Log
Yes

Cooling

Central Air
Yes
Electric
Yes

Fireplace Features

Electric
Yes

Heating

Central
Yes

Interior Features

Ceiling Fan(s)
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Three Or More
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Patio And Porch Features

Deck
Yes

Possession

Close Of Escrow
Yes

Rental

Rental History
Yes

Road Frontage Type

City Street
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes
Listing Office: eXp Realty, LLC Maryville
Last Updated: August - 31 - 2024
Information deemed reliable but not guaranteed.
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