2241 Legend Drive, Sevierville, TN 37876
$2,625,000
Property Type:
Residential
Bedrooms:
6
Baths:
8
Square Footage:
6,572
Lot Size (sq. ft.):
27,878
Status:
Closed
Current Price:
$2,625,000
List Date:
2/02/2022
Last Modified:
8/30/2024
Description
ONE OF A KIND Smoky Mountain Lodge with INDOOR swimming pool and well established rental history! Gorgeous large Canadian Timbers adorn this lodge and give it a unique character and feel. Generous great room is complete with walls of glass and soaring cathedral ceilings that draws your focus to the oversized stacked stone fireplace and custom carved mantel. 6 full generous suits provide ample space for guests. Fully outfitted game room and heated indoor swimming pool round out the property and make it a high income producer. Extensive landscaping provides additional outdoor livings space that pairs extremely well with he generous wrap around and covered decks. Spacious kitchen is open and great for entertaining large parties! This property boasts an estimated 12.9% ROI for a cash purchase and 42% ROI with a 20% down purchase. This investment can cash flow! Multiple recent updates and upgrades including: new furniture, dishwasher, landscaping, 32' retaining wall, and deck railing replacements!
More Information MLS# 247200
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 14
Book/Page/Doc #: 5755, 120
Tax Annual Amount: 2395
Tax Year: 2019
Contract Information
Association Type: None
Owner Name: Jcarco Holdings LLC
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Rental History Gross Amount 1: 326795
Rental History Year 1: 2022
Rental History Gross Amount 2: 285947
Rental History Year 2: 2021
Association YN: No
Current Price: $2,625,000
Original List Price: 2999900
Sold Price: $2,625,000
Status: Closed
Listing Contract Date: 2022-02-02
General Property Information
Lot Size Acres: 0.64
Above Grade Finished Area: 4212
Below Grade Finished Area: 2360
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 2
Garage Spaces: 0
Bonus Room YN: No
Furnished: Furnished
Accessory Dwelling Unit YN: No
Sign On Property YN: No
Home Warranty YN: No
Construction Type: Site Built
View YN: Yes
List Price/SqFt: 456.47
Sold Price/SqFt: 399.42
Living Area: 6572
Bedrooms Total: 6
Bathrooms Total: 8
Bathrooms Full: 6
Year Built: 2006
Remarks and Miscellaneous
Public Remarks: ONE OF A KIND Smoky Mountain Lodge with INDOOR swimming pool and well established rental history! Gorgeous large Canadian Timbers adorn this lodge and give it a unique character and feel. Generous great room is complete with walls of glass and soaring cathedral ceilings that draws your focus to the oversized stacked stone fireplace and custom carved mantel. 6 full generous suits provide ample space for guests. Fully outfitted game room and heated indoor swimming pool round out the property and make it a high income producer. Extensive landscaping provides additional outdoor livings space that pairs extremely well with he generous wrap around and covered decks. Spacious kitchen is open and great for entertaining large parties! This property boasts an estimated 12.9% ROI for a cash purchase and 42% ROI with a 20% down purchase. This investment can cash flow! Multiple recent updates and upgrades including: new furniture, dishwasher, landscaping, 32' retaining wall, and deck railing replacements!
Directions: From Pigeon Forge, take Dollywood Lane at light #8 which turns into Upper Middle Creek Rd. Follow to the end (Dunn's Creek Market) and turn RIGHT onto Birds Creek Rd. Follow about 3.5 miles to a LEFT on Kings Hollow. STAY LEFT onto Legend Dr. Follow to the end of cul de sac. Take small drive. 2241 "Legend Crest" cabin is on the LEFT.
Status Change Information
Status Change Timestamp: 2022-03-31
Buyer Financing: Cash
Anticipated Closing Date: 2022-03-31
Major Change Timestamp: 2022-03-31T17:05:53Z
Major Change Type: Status Change
Purchase Contract Date: 2022-02-13
Close Date: 2022-03-31
Close Price: 2625000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Architectural Style
Log: 1
Attic Features
None: 1
Basement
Basement: 1
Finished: 1
Walk-Out Access: 1
Construction Materials
Log: 1
Stone: 1
Wood Siding: 1
Cooling
Electric: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Gas Log: 1
Flooring
Wood: 1
Foundation Details
Slab: 1
Heating
Electric: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
Great Room: 1
High Speed Internet: 1
Solid Surface Counters: 1
Walk-In Closet(s): 1
Wet Bar: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Three Or More: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Level: 1
Wooded: 1
Patio And Porch Features
Covered: 1
Deck: 1
Pool Features
Hot Tub: 1
In Ground: 1
Private: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Easement: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Septic Tank: 1
Septic Permit On File: 1
View
Mountain(s): 1
Water Source
Shared Well: 1
Well: 1
Window Features
Double Pane Windows: 1
Window Treatments: 1
Showing Requirements
Appointment Only: 1
Showing Instructions: To show or with questions contact Greg Korlin at 865-643-2103 // gregkorlin@gmail.com // text preferred // Performa in the associated docs. Shared well and is located on this property. Shared drive / easement drive. Docs in associated docs.
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
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: Pittman Center
Subdivision Name: Other
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator
Architectural Style: Log
Attic Features: None
Basement: Basement; Finished; Walk-Out Access
Construction Materials: Log; Stone; Wood Siding
Cooling: Electric
Exterior Features: Rain Gutters
Fireplace Features: Gas Log
Flooring: Wood
Foundation Details: Slab
Heating: Electric
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet; Solid Surface Counters; Walk-In Closet(s); Wet Bar
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Three Or More
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: Level; Wooded
Patio And Porch Features: Covered; Deck
Pool Features: Hot Tub; In Ground; Private
Possession: Close Of Escrow
Road Frontage Type: Easement
Road Surface Type: Paved
Roof: Composition
Security Features: Smoke Detector(s)
Sewer: Septic Tank; Septic Permit On File
View: Mountain(s)
Water Source: Shared Well; Well
Window Features: Double Pane Windows; Window Treatments
Showing Requirements: Appointment Only; See Remarks
Listing Office:
Century 21 MVP
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.