Rainbow Ridge, Sevierville, TN 37862
$4,025,000
Property Type:
Land
Lot Size (sq. ft.):
1,171,328
Status:
Closed
Current Price:
$4,025,000
List Date:
6/20/2023
Last Modified:
9/11/2024
Description
Investors dream, 2 phases of Moose Meadows subdivision part of Rainbow Ridge. Property already has 26 approved lots with underground utilities in phase 1 with the possibility of an additional 30+ lots in phase 2. Owner controls the HOA along with the swimming pool and common area. Survey has been recorded for the PUD along with the additional phase. Seller will entertain backup offers
More Information MLS# 257924
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-2
Zoning Entity: Sevierville
Tax Lot: --
Book/Page/Doc #: 4955, 248
Tax Annual Amount: 942.02
Tax Year: 2022
Contract Information
Owner Name: Clossman Holdings LLC
Listing Agreement: Exclusive Right To Sell
Common Interest: Planned Development
Association YN: No
Current Price: $4,025,000
Original List Price: 5000000
Sold Price: $4,025,000
Status: Closed
Listing Contract Date: 2023-06-20
General Property Information
Lot Size Acres: 26.89
Sign On Property YN: No
View YN: Yes
List Price/Acre: 185942.73
Sold Price/Acre: 149683.9
Remarks and Miscellaneous
Public Remarks: Investors dream, 2 phases of Moose Meadows subdivision part of Rainbow Ridge. Property already has 26 approved lots with underground utilities in phase 1 with the possibility of an additional 30+ lots in phase 2. Owner controls the HOA along with the swimming pool and common area. Survey has been recorded for the PUD along with the additional phase. Seller will entertain backup offers
Directions: Head south toward E Main St 23 ft Turn right onto E Main St 367 ft Turn left onto Parkway Pass by Hardee's (on the right in 1.8 mi) 2.2 mi Use the left 2 lanes to turn left onto Collier Dr 0.7 mi Sharp right onto Rainbow Rd 1.2 mi Turn left onto JED Trail 177 ft Turn right
Status Change Information
Status Change Timestamp: 2023-06-30
Buyer Financing: Cash
Anticipated Closing Date: 2023-06-30
Major Change Timestamp: 2023-06-30T06:51:45Z
Major Change Type: Status Change
Purchase Contract Date: 2023-06-20
Close Date: 2023-06-30
Close Price: 4025000
Listing Terms
Cash: 1
Conventional: 1
Lot Features
Cleared: 1
Wooded: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Utilities
Sewer Available: 1
View
Mountain(s): 1
Water Source
Public: 1
Possible Use
Residential: 1
Single Family: 1
Subdevelopment: 1
Showing Requirements
Call Listing Agent: 1
Showing Instructions: Call listing agent with any questions you may have. Seller will entertain backup offers
Location Tax and Legal
Street Name: Rainbow
Street Suffix: Ridge
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Unimproved Land
MLS Area Major: Sevierville
Subdivision Name: Moose Meadows Pud
Property Features
Listing Terms: Cash; Conventional
Lot Features: Cleared; Wooded
Possession: Close Of Escrow
Possible Use: Residential; Single Family; Subdevelopment
Road Frontage Type: City Street
Road Surface Type: Paved
Utilities: Sewer Available
View: Mountain(s)
Water Source: Public
Showing Requirements: Call Listing Agent
Listing Office:
MG Rise Real Estate Group
Last Updated: September - 11 - 2024
Information deemed reliable but not guaranteed.