1935 Livingston Way, #1, #2, #3, #4, #5, #6, #7, #8, Sevierville, TN 37876
$2,430,000
Property Type:
Residential
Bedrooms:
10
Baths:
9
Lot Size (sq. ft.):
596,859
Status:
Closed
Current Price:
$2,430,000
List Date:
5/06/2021
Last Modified:
8/29/2024
Overview
Description
8 Cabins on 13 Acres right off the Spur/Parkway with possible 5 to 8 extra building lots. Own a Mountain in the Smokies and create your own retreat! Build a pool amenity with game room & putt putt golf and guest will love it. Five 1 bedroom/1 bath, One Studio, One 2 bedroom/1 bath, and One 2 bedroom/2bath cabins. All cabins have fire pits and Five cabins have magnificent views. If you are looking to self manage, this is a winner. Current owner would be willing to work with new purchaser to teach and take over website. The seller has mastered renting in the Smokies and is willing to share. All cabins need to be cleaned and stained, change out some carpet, updating of furnishings, and smart TV's. Location is the key to the success! Rate of Return at current income is 10.19%. Improve properties and add more cabins to property and watch the income. Yearly /Expenses: Advertising $21,122, Insurance $4,902, Repairs & Maintenance $6,524, Supplies $953, Taxes $3,881, TV/Internet/Utilities $20,240, Pest/Security/Road Maintenance $6,125. Net income of $285,227 for 2020. Water tower supplies all water to all 8 cabins. 13 acres are on two parcels.
Listing Details MLS# 243020
General Property Information
- Lot Size Acres
- 13.702
- Bedrooms Total
- 10
- Bathrooms Total
- 9
- Bathrooms Full
- 9
- Garage YN
- No
- Year Built
- 1994
- Bonus Room YN
- No
- Accessory Dwelling Unit YN
- No
- Sign On Property YN
- No
- Home Warranty YN
- No
- Furnished
- Furnished
- Construction Type
- Site Built
- View YN
- Yes
- List Price/SqFt
- 478.89
- Sold Price/SqFt
- 431
- Above Grade Finished Area
- 0
- Below Grade Finished Area
- 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; Chalet; Log
Attic Features:
None
Basement:
Basement; Crawl Space; Partial; Partially Finished; Walk-Out Access; None
Construction Materials:
Log; Log Siding; Wood Siding
Cooling:
Electric; Heat Pump
Fireplace Features:
Electric; Gas Log
Heating:
Electric; Heat Pump
Interior Features:
Ceiling Fan(s); Great Room; Soaking Tub
Laundry Features:
Electric Dryer Hookup; Washer Hookup
Levels:
One; One and One Half
Listing Terms:
1031 Exchange; Cash; Conventional
Lot Features:
Level
Patio And Porch Features:
Deck
Possession:
Close Of Escrow; Other
Rental:
Off Site; Rental History
Road Frontage Type:
Easement; Private Road
Road Surface Type:
Gravel; Paved
Roof:
Metal
Sewer:
Septic Permit Not Found; Septic Permit On File
View:
Mountain(s)
Water Source:
Private; Shared Well
Showing Requirements:
See Remarks
Location Tax and Legal
- Street Number
- 1935
- Street Name
- Livingston
- Street Suffix
- Way
- County
- Sevier
- State
- TN
- Zip Code
- 37876
- Property Sub Type
- Single Family Residence
- MLS Area Major
- Pigeon Forge
- Subdivision Name
- Other
Contract Information
- Original List Price
- 2999900
- Listing Contract Date
- 2021-05-06
- Owner Name
- Gilliam
- Listing Agreement
- Exclusive Right To Sell
- Occupancy
- Either
- Rental History Gross Amount 1
- 348974
- Rental History Year 1
- 2020
- Association YN
- No
Remarks and Miscellaneous
- Public Remarks
- 8 Cabins on 13 Acres right off the Spur/Parkway with possible 5 to 8 extra building lots. Own a Mountain in the Smokies and create your own retreat! Build a pool amenity with game room & putt putt golf and guest will love it. Five 1 bedroom/1 bath, One Studio, One 2 bedroom/1 bath, and One 2 bedroom/2bath cabins. All cabins have fire pits and Five cabins have magnificent views. If you are looking to self manage, this is a winner. Current owner would be willing to work with new purchaser to teach and take over website. The seller has mastered renting in the Smokies and is willing to share. All cabins need to be cleaned and stained, change out some carpet, updating of furnishings, and smart TV's. Location is the key to the success! Rate of Return at current income is 10.19%. Improve properties and add more cabins to property and watch the income. Yearly /Expenses: Advertising $21,122, Insurance $4,902, Repairs & Maintenance $6,524, Supplies $953, Taxes $3,881, TV/Internet/Utilities $20,240, Pest/Security/Road Maintenance $6,125. Net income of $285,227 for 2020. Water tower supplies all water to all 8 cabins. 13 acres are on two parcels.
- Directions
- Travel South on Parkway from Pigeon Forge onto the Spur, go to the first left and cross over river, go left and take immediate right onto King Branch, Go about .08 miles take left at Honey Bears sign, Go uphill and go through gate and follow signs to cabins.
Status Change Information
- Major Change Timestamp
- 2021-12-30T17:49:57Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2021-07-14T04:59:12Z
- Status Change Timestamp
- 2021-12-30
- Purchase Contract Date
- 2021-08-13
- Close Date
- 2021-12-30
- Close Price
- 2430000
- Buyer Financing
- Conventional
- Anticipated Closing Date
- 2021-09-28
More Information
Showing Requirements
- Showing Instructions
- Call Kathleen Wallace for availability and showings at 865-441-6526. All offers to be accompanied by pre-qualification letter or proof of funds(NOEXCEPTION). Property also listed in Commercial section of the MLS 242313. Minimum earnest money of $25,000 required. As with all Real Estate transactions you should verify all information independently.. Buy Title insurance, have a survey, home inspection, and all other needed inspections. Equal Housing Opportunity,
- See Remarks
- Yes
Location, Tax, and Legal
- Street Additional Info
- #1, #2, #3, #4, #5, #6, #7, #8
- Restrictive Covenants YN
- No
- Zoning
- A-1
- Zoning Entity
- Sevier County
- Parcel Number
- 084.01
- Tax Lot
- No
- Book/Page/Doc #
- 4932, 559
- Tax Annual Amount
- 3702.33
- Tax Year
- 2019
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Microwave
- Yes
- Range Hood
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Architectural Style
- Cabin
- Yes
- Chalet
- Yes
- Log
- Yes
Attic Features
- None
- Yes
Basement
- Basement
- Yes
- Crawl Space
- Yes
- Partial
- Yes
- Partially Finished
- Yes
- Walk-Out Access
- Yes
- None
- Yes
Construction Materials
- Log
- Yes
- Log Siding
- Yes
- Wood Siding
- Yes
Cooling
- Electric
- Yes
- Heat Pump
- Yes
Fireplace Features
- Electric
- Yes
- Gas Log
- Yes
Heating
- Electric
- Yes
- Heat Pump
- Yes
Interior Features
- Ceiling Fan(s)
- Yes
- Great Room
- Yes
- Soaking Tub
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Washer Hookup
- Yes
Levels
- One
- Yes
- One and One Half
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Lot Features
- Level
- Yes
Patio And Porch Features
- Deck
- Yes
Possession
- Close Of Escrow
- Yes
- Other
- Yes
Rental
- Off Site
- Yes
- Rental History
- Yes
Road Frontage Type
- Easement
- Yes
- Private Road
- Yes
Road Surface Type
- Gravel
- Yes
- Paved
- Yes
Roof
- Metal
- Yes
Sewer
- Septic Permit Not Found
- Yes
- Septic Permit On File
- Yes
View
- Mountain(s)
- Yes
Water Source
- Private
- Yes
- Shared Well
- Yes
Listing Office:
Smokies Investors Real Estate & Auc
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.