2241 Legend Drive, Sevierville, TN 37876

$1,775,000

Virtual Tour

http://tour.usamls.net/2241-Legend-Drive-Sevierville-TN-37876/unbranded

Property Type: Residential Bedrooms: 6 Baths: 7 Square Footage: 6,383 Lot Size (sq. ft.): 27,878 Status: Closed

Current Price: $1,775,000 List Date: 1/29/2021 Last Modified: 8/30/2024

Overview

Description

This is your chance to own one of the most remarkable pool cabins in the area! This cabin has been a beloved second home, and is currently on a very productive overnight rental program. The cabin is centrally located with easy access to all parts of the area without going through high traffic areas. Sellers have made recent investments in the property, including new pool equipment, new septic system upgrades, new well pump, furnishings and TVs. The cabin is easily accessed by paved roads that are not steep at all, but boasts a beautiful Mountain View. Indoor pool is humidity and temperature controlled. Cabin is currently on VRBO/Air Bnb self managed by the seller, and has over 130 *5 STAR* reviews. Seller will agree to transfer all available reviews, cabin name and future bookings to new owner, allowing the income stream to be uninterrupted! Shared well and driveway per deed. Seller may offer buyer participation in continued management of the property for very reasonable fee (l ... (Read more)

Listing Details MLS# 240302

General Property Information

Lot Size Dimensions: 208 X 172
Lot Size Acres: 0.64
Living Area: 6383
Above Grade Finished Area: 4066
Below Grade Finished Area: 2317
Bedrooms Total: 6
Bathrooms Total: 7
Bathrooms Full: 6
Bathrooms Half: Yes
Garage YN: No
Year Built: 2006
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: 300.8
Sold Price/SqFt: 296.62
Below Grade Unfinished Area: 0
Garage Spaces: 0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Washer Architectural Style: Cabin; Log Basement: Basement; Finished; Walk-Out Access Construction Materials: Log; Other Cooling: Central Air; Electric Exterior Features: Rain Gutters Fireplace Features: Gas Log Flooring: Wood Foundation Details: Slab Heating: Electric; Heat Pump Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Formal Dining; Solid Surface Counters; Tile Counters; Wet Bar Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Three Or More Listing Terms: Cash; Conventional Lot Features: Wooded Patio And Porch Features: Deck Pool Features: In Ground Possession: Close Of Escrow; Other Rental: Rental History Road Surface Type: Paved Roof: Composition Security Features: Security System; Smoke Detector(s) Sewer: Septic Tank; Septic Permit On File View: Mountain(s) Water Source: Shared Well Window Features: Double Pane Windows; Window Treatments Showing Requirements: Call Listing Agent; See Remarks

Location Tax and Legal

Street Number: 2241
Street Name: Legend
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37876
Property Sub Type: Single Family Residence
MLS Area Major: Sevierville
Subdivision Name: Other

Contract Information

Original List Price: 1800000
Listing Contract Date: 2021-01-29
Owner Name: White & Pola LLC
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Association YN: No
Association Type: None

Remarks and Miscellaneous

Public Remarks: This is your chance to own one of the most remarkable pool cabins in the area! This cabin has been a beloved second home, and is currently on a very productive overnight rental program. The cabin is centrally located with easy access to all parts of the area without going through high traffic areas. Sellers have made recent investments in the property, including new pool equipment, new septic system upgrades, new well pump, furnishings and TVs. The cabin is easily accessed by paved roads that are not steep at all, but boasts a beautiful Mountain View. Indoor pool is humidity and temperature controlled. Cabin is currently on VRBO/Air Bnb self managed by the seller, and has over 130 *5 STAR* reviews. Seller will agree to transfer all available reviews, cabin name and future bookings to new owner, allowing the income stream to be uninterrupted! Shared well and driveway per deed. Seller may offer buyer participation in continued management of the property for very reasonable fee (less than local companies), by separate agreement. INCOME INFORMATION: For 2020, cabin had NET income (after taxes, cleaning fees, listing fees) of $184,071.44. As of listing date, there is $140,019.55 NET in present and future bookings for 2021.
Directions: From Pigeon Forge, take Dollywood Lane at light #8 which becomes Upper Middle Creek Rd. Follow to the end, at Dunn's Creek market, and make a right turn onto Birds Creek Rd. Follow about 3.5 miles to left on Kings Hollow. Immediately upon turning in, the road splits-- take the left branch onto Legend Drive. Follow to the end, 2241 "Legend Crest" cabin is on the left.

Status Change Information

Major Change Timestamp: 2021-03-31T16:40:42Z
Major Change Type: Status Change
Status Change Timestamp: 2021-03-31
Purchase Contract Date: 2021-01-31
Close Date: 2021-03-31
Close Price: 1775000
Buyer Financing: Other
Anticipated Closing Date: 2021-03-31

More Information

Showing Requirements

Showing Instructions: Shared well and driveway per deed. Seller may offer buyer participation in continued management of the property for very reasonable fee (less than local companies), by separate agreement. Agents please contact Jane for showing instructions t (865) 313-1277. INCOME INFORMATION: For 2020, cabin had NET income (after taxes, cleaning fees, listing fees) of $184,071.44. As of listing date, there is $140,019.55 NET in present and future bookings for 2021.
Call Listing Agent: Yes
See Remarks: Yes

Location, Tax, and Legal

Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Parcel Number: 097P B 014
Tax Lot: 14
Book/Page/Doc #: 4699, 40
Tax Annual Amount: 2394.29
Tax Year: 2019

Appliances

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

Architectural Style

Cabin: Yes
Log: Yes

Basement

Basement: Yes
Finished: Yes
Walk-Out Access: Yes

Construction Materials

Log: Yes
Other: Yes

Cooling

Central Air: Yes
Electric: Yes

Exterior Features

Rain Gutters: Yes

Fireplace Features

Gas Log: Yes

Flooring

Wood: Yes

Foundation Details

Slab: Yes

Heating

Electric: Yes
Heat Pump: Yes

Interior Features

Cathedral Ceiling(s): Yes
Ceiling Fan(s): Yes
Formal Dining: Yes
Solid Surface Counters: Yes
Tile Counters: Yes
Wet Bar: Yes

Laundry Features

Electric Dryer Hookup: Yes
Washer Hookup: Yes

Levels

Three Or More: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Wooded: Yes

Patio And Porch Features

Deck: Yes

Pool Features

In Ground: Yes

Possession

Close Of Escrow: Yes
Other: Yes

Rental

Rental History: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes

Security Features

Security System: Yes
Smoke Detector(s): Yes

Sewer

Septic Tank: Yes
Septic Permit On File: Yes

View

Mountain(s): Yes

Water Source

Shared Well: Yes

Window Features

Double Pane Windows: Yes
Window Treatments: Yes

Listing Office: Prime Mountain Properties

Last Updated: August - 30 - 2024

Information deemed reliable but not guaranteed.

2241 Legend Drive, Sevierville, TN 37876 (MLS# 240302)