1940 Wears Valley Road, Bear Creek Retreat, Sevierville, TN 37862

$1,200,000

Property Type: Residential Bedrooms: 7 Baths: 21 Square Footage: 8,044 Lot Size (sq. ft.): 871,200 Status: Closed

Current Price: $1,200,000 List Date: 5/26/2017 Last Modified: 8/30/2024

Overview

Description

Fantastic investment opportunity! Private, unique retreat on a crystal clean mountain stream. Seven cabins on 20 forested acres, with proven rental income just minutes from the main Parkway in the middle of Pigeon Forge. (1.) Nikhia's Loft is a 1BR honeymoon cabin w/ $26k rentals for 2016. (2.) Nature's Dream is a 3BR (plus loft), sleeps 10, w/ $44k rentals for 2016. (3.) Rolling Creek is a 2BR, sleeps 4, w/ $34k rentals for 2016. (4.) On the Creek is a 7BR, sleeps 17, w/ $87k rentals for 2016. (5.) Hillside Haven, built in 2008, is a 3BR, sleeps 12, w/ $52K rentals for 2016. (6.) Whispering Brook is currently leased to the caretaker for the property for $500 per month. (7.) Secret Hideaway is the personal cabin used by the owners. It's a 4BR and is not on the rental market. Some cabins are located on the stream while others have a view of the stream. It is a beautiful, pristine, stream with rock outcroppings perfect for picnics. The sounds of the rushing water will lull you to sleep and the gazebo next to the stream has been the site for many romantic weddings. Whether you are looking for a family retreat or retirement income, check out this unique income producing property. The newest cabin was built in 2008. Other cabins were built prior to that. More photos and video coming soon.

Listing Details MLS# 210080

General Property Information

Lot Size Acres: 20
Living Area: 8044
Above Grade Finished Area: 8044
Bedrooms Total: 7
Bathrooms Total: 21
Bathrooms Full: 18
Bathrooms Half: 3
Garage YN: No
Year Built: 2000
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
Waterfront YN: Yes
List Price/SqFt: 198.78
Sold Price/SqFt: 149.18
Below Grade Finished Area: 0
Below Grade Unfinished Area: 0
Garage Spaces: 0
Number of Bonus Rooms: 0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Log Basement: Crawl Space Construction Materials: Frame; Log; Log Siding; Wood Siding Cooling: Central Air; Electric; Heat Pump; Window Unit(s) Exterior Features: Rain Gutters Fireplace Features: Gas Log Flooring: Wood Heating: Central; Electric; Heat Pump Interior Features: Ceiling Fan(s); Great Room; Tile Counters Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: One; Two Listing Terms: Cash; Conventional Lot Features: Level; Private; Water Amenity; Wooded Other Structures: Outbuilding Parking Features: Driveway; Private Patio And Porch Features: Deck; Patio Pool Features: Hot Tub Possession: Close Of Escrow Road Frontage Type: County Road; Private Road; State Road Road Surface Type: Gravel Security Features: Smoke Detector(s) Sewer: Septic Tank View: River Water Source: Private Waterfront Features: Creek; River Front Window Features: Double Pane Windows Showing Requirements: Appointment Only; Lockbox; See Remarks

Location Tax and Legal

Street Number: 1940
Street Name: Wears Valley
Street Suffix: Road
County: Sevier
State: TN
Zip Code: 37862
Property Sub Type: Single Family Residence
MLS Area Major: Wears Valley
Subdivision Name: Other

Contract Information

Original List Price: 1650000
Listing Contract Date: 2017-05-26
Owner Name: Gayda
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Rental History Gross Amount 1: 249000
Rental History Year 1: 2016
Association YN: No
Rental History Gross Amount 2: 0
Rental History Year 2: 0
Association Fee: 0

Remarks and Miscellaneous

Public Remarks: Fantastic investment opportunity! Private, unique retreat on a crystal clean mountain stream. Seven cabins on 20 forested acres, with proven rental income just minutes from the main Parkway in the middle of Pigeon Forge. (1.) Nikhia's Loft is a 1BR honeymoon cabin w/ $26k rentals for 2016. (2.) Nature's Dream is a 3BR (plus loft), sleeps 10, w/ $44k rentals for 2016. (3.) Rolling Creek is a 2BR, sleeps 4, w/ $34k rentals for 2016. (4.) On the Creek is a 7BR, sleeps 17, w/ $87k rentals for 2016. (5.) Hillside Haven, built in 2008, is a 3BR, sleeps 12, w/ $52K rentals for 2016. (6.) Whispering Brook is currently leased to the caretaker for the property for $500 per month. (7.) Secret Hideaway is the personal cabin used by the owners. It's a 4BR and is not on the rental market. Some cabins are located on the stream while others have a view of the stream. It is a beautiful, pristine, stream with rock outcroppings perfect for picnics. The sounds of the rushing water will lull you to sleep and the gazebo next to the stream has been the site for many romantic weddings. Whether you are looking for a family retreat or retirement income, check out this unique income producing property. The newest cabin was built in 2008. Other cabins were built prior to that. More photos and video coming soon.
Directions: From the Parkway in Pigeon Forge, (US 441), turn @ Traffic Light #3 onto WEARS VALLEY Rd. toward Townsend. Drive about 4 miles & turn right (across from the Zipline). Look for the sign Bear Creek Retreat.

Status Change Information

Major Change Timestamp: 2017-09-14T15:37:37Z
Major Change Type: Status Change
Price Change Timestamp: 2017-09-14T09:00:00Z
Status Change Timestamp: 2017-09-14
Purchase Contract Date: 2017-08-20
Close Date: 2017-09-14
Close Price: 1200000
Buyer Financing: Conventional

More Information

Showing Requirements

Showing Instructions: Information taken from sellers and tax records and deemed reliable but not verified. Buyers to verify independently. Seller authorizes Crye-Leike to be the holder of earnest money. Please contact Appointment Center (865) 675-4545 to schedule showings. Text or call listing agent after hours or holidays (865) 446-0126.
Appointment Only: Yes
Lockbox: Yes
See Remarks: Yes

Location, Tax, and Legal

Street Additional Info: Bear Creek Retreat
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: Tr-2
Book/Page/Doc #: 2122, 1
Tax Annual Amount: 4301
Tax Year: 2016

Appliances

Dishwasher: Yes
Dryer: Yes
Electric Range: Yes
Microwave: Yes
Refrigerator: Yes
Washer: Yes

Architectural Style

Log: Yes

Basement

Crawl Space: Yes

Construction Materials

Frame: Yes
Log: Yes
Log Siding: Yes
Wood Siding: Yes

Cooling

Central Air: Yes
Electric: Yes
Heat Pump: Yes
Window Unit(s): Yes

Exterior Features

Rain Gutters: Yes

Fireplace Features

Gas Log: Yes

Flooring

Wood: Yes

Heating

Central: Yes
Electric: Yes
Heat Pump: Yes

Interior Features

Ceiling Fan(s): Yes
Great Room: Yes
Tile Counters: Yes

Laundry Features

Electric Dryer Hookup: Yes
Washer Hookup: Yes

Levels

One: Yes
Two: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Level: Yes
Private: Yes
Water Amenity: Yes
Wooded: Yes

Other Structures

Outbuilding: Yes

Parking Features

Driveway: Yes
Private: Yes

Patio And Porch Features

Deck: Yes
Patio: Yes

Pool Features

Hot Tub: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

County Road: Yes
Private Road: Yes
State Road: Yes

Road Surface Type

Gravel: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Septic Tank: Yes

View

River: Yes

Water Source

Private: Yes

Waterfront Features

Creek: Yes
River Front: Yes

Window Features

Double Pane Windows: Yes

Listing Office: Crye-Leike Realtors

Last Updated: August - 30 - 2024

Information deemed reliable but not guaranteed.

1940 Wears Valley Road, Bear Creek Retreat, Sevierville, TN 37862 (MLS# 210080)