1520 RAINBOW RIDGE Way, Sevierville, TN 37862
$975,000
Property Type:
Residential
Bedrooms:
7
Baths:
8
Square Footage:
3,236
Status:
Closed
Current Price:
$975,000
List Date:
6/17/2021
Last Modified:
9/03/2024
Overview
Description
Listing Details MLS# 243237
General Property Information
- Living Area
- 3236
- Above Grade Finished Area
- 1956
- Below Grade Finished Area
- 1280
- Bedrooms Total
- 7
- Bathrooms Total
- 8
- Bathrooms Full
- 7
- Bathrooms Half
- Yes
- Garage YN
- No
- Year Built
- 2006
- Bonus Room YN
- Yes
- Number of Bonus Rooms
- Yes
- Bonus Room Type(s)
- Basement Rec
- Accessory Dwelling Unit YN
- No
- Sign On Property YN
- No
- Home Warranty YN
- No
- Furnished
- Furnished
- Construction Type
- Site Built
- List Price/SqFt
- 309.02
- Sold Price/SqFt
- 301.3
- Lot Size Acres
- 0
- Below Grade Unfinished Area
- 0
- Garage Spaces
- 0
Property Features
Appliances:
Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style:
Cabin
Association Fee Includes:
Insurance; Maintenance Grounds
Attic Features:
Access Only
Basement:
Basement; Finished
Construction Materials:
Log
Cooling:
Central Air; Electric
Fireplace Features:
Gas Log
Flooring:
Wood
Heating:
Central
Interior Features:
Cathedral Ceiling(s); Great Room
Laundry Features:
Electric Dryer Hookup; Washer Hookup
Levels:
Three Or More
Listing Terms:
Cash; Conventional
Lot Features:
Level
Patio And Porch Features:
Deck
Pool Features:
Hot Tub
Possession:
Negotiable
Rental:
Rental History
Road Frontage Type:
City Street
Roof:
Metal
Sewer:
Public Sewer
Utilities:
Cable Available; Water Available
View:
Seasonal
Water Source:
Public
Showing Requirements:
Appointment Only; See Remarks
Location Tax and Legal
- Street Number
- 1520
- Street Name
- RAINBOW RIDGE
- Street Suffix
- Way
- County
- Sevier
- State
- TN
- Zip Code
- 37862
- Property Sub Type
- Single Family Residence
- MLS Area Major
- Sevierville
- Subdivision Name
- Rainbow Ridge
Contract Information
- Original List Price
- 1100000
- Listing Contract Date
- 2021-06-17
- Owner Name
- Butofsky
- Listing Agreement
- Exclusive Right To Sell
- Occupancy
- Either
- Common Interest
- Planned Development
- Rental History Gross Amount 1
- 94000
- Rental History Year 1
- 2021
- Rental History Gross Amount 2
- 129000
- Rental History Year 2
- 2019
- Association YN
- Yes
- Association Fee
- 100
- Association Fee Frequency
- Monthly
- Association Name
- Rainbow Ridge Owners Association
- Association Email
- kkellogg@reagan.com
- Association Type
- Mandatory
Remarks and Miscellaneous
- Public Remarks
- LOCATION!!! Huge, income producing cabin with amazing location. This 7 bedroom 7 1/2 bath cabin is just a short drive off of the Parkway near the Tanger shopping outlets. Gross earnings of $94k already on the books for 2021. Walking into the main level you are welcomed with tall cathedral ceilings, open concept living room and kitchen, and 2 Master Suites. Downstairs is a party paradise with 2 master suites, 1 bunk room suite, and a fully equipped game room. Upstairs will be 2 additional Master Suites. The cabin can sleep 20 guests on the rental program. The cabin grossed $85k in 2019 and $66k in 2020 (multiple cancellations due to COVID). With the size, amazing location, and established rentals, this cabin is sure to make a great addition to your portfolio. You can see the cabin's heavily booked calendar at the website below.
- Directions
- From Downtown Sevierville, TN Take Veterans Blvd and Ridge Rd to Rainbow Rd 8 min (4.3 mi) Continue on Rainbow Rd. Drive to Rainbow Ridge Way 2 min (0.6 mi) Arrive at 1520 Rainbow Ridge Way Sevierville, TN 37862
Status Change Information
- Major Change Timestamp
- 2021-10-22T16:50:38Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2021-07-19T18:08:13Z
- Status Change Timestamp
- 2021-10-22
- Purchase Contract Date
- 2021-09-17
- Close Date
- 2021-10-22
- Close Price
- 975000
- Buyer Financing
- Conventional
- Anticipated Closing Date
- 2021-10-21
More Information
Showing Requirements
- Showing Instructions
- Call listing agent to schedule. 865-585-1062 Cabin name is Lantern Hill. Current available showing dates are below. Rental history in associated docs. Buyer to verify all information including square footage. Most information taken from tax records and deemed reliable but not guaranteed. https://www.cabinsofthesmokymountains.com/pigeon-forge-cabin-rental/Lantern_Hill_Lodge.html. Available dates : 9/1, 9/2, 9/16, 9/17 **subject to change.
- Appointment Only
- Yes
- See Remarks
- Yes
Historical Information
- Public Historical Remarks
- Interior Features: Large Primary Bedroom
Location, Tax, and Legal
- Restrictive Covenants YN
- Yes
- Zoning
- R-1
- Zoning Entity
- Sevier County
- Parcel Number
- 072K D 001.00 006
- Tax Lot
- 6/1
- Book/Page/Doc #
- LM-7, 181
- Tax Annual Amount
- 1447.08
- Tax Year
- 2019
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Electric Range
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Architectural Style
- Cabin
- Yes
Association Fee Includes
- Insurance
- Yes
- Maintenance Grounds
- Yes
Attic Features
- Access Only
- Yes
Basement
- Basement
- Yes
- Finished
- Yes
Construction Materials
- Log
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
Fireplace Features
- Gas Log
- Yes
Flooring
- Wood
- Yes
Heating
- Central
- Yes
Interior Features
- Cathedral Ceiling(s)
- Yes
- Great Room
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Washer Hookup
- Yes
Levels
- Three Or More
- Yes
Listing Terms
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Level
- Yes
Patio And Porch Features
- Deck
- Yes
Pool Features
- Hot Tub
- Yes
Possession
- Negotiable
- Yes
Rental
- Rental History
- Yes
Road Frontage Type
- City Street
- Yes
Roof
- Metal
- Yes
Sewer
- Public Sewer
- Yes
Utilities
- Cable Available
- Yes
- Water Available
- Yes
View
- Seasonal
- Yes
Water Source
- Public
- Yes
Listing Office:
Tennessee Mountain Real Estate, LLC
Last Updated: September - 03 - 2024
Information deemed reliable but not guaranteed.