2948 Fiddlers Creek Way, Pigeon Forge, TN 37863

$1,501,000

Virtual Tour

http://tour.usamls.net/2948-Fiddlers-Creek-Way-Pigeon-Forge-TN-37863/unbranded

Property Type: Residential Bedrooms: 8 Baths: 8 Square Footage: 4,600 Status: Closed

Current Price: $1,501,000 List Date: 8/31/2023 Last Modified: 8/31/2024

Overview

Description

Investors - huge cash flow and tax savings opportunity! $213,645 annualized gross income. Don't miss your chance to secure this incredible cabin before the holidays! 1031 Exchange and/or a chance to secure 80% bonus depreciation this year! Furnishing bonus depreciation estimate of $150K. Only 1.2 miles from the Parkway, and the 3 minute drive is smooth and easy - no unpaved, steep, or winding roads. Close proximity to every attraction! Built in October 2022, this fully furnished cabin comfortably accommodates 26 guests. Sleeping arrangements include 6 spacious king bedrooms, two bunk rooms with 4 twin beds, and three queen sleeper sofas. Each bedroom has a private full bath. There are 4K Roku TVs in every room including a 86” TV in the theater room. Game room includes pool table, arcade games, shuffle board, foosball table. The massive DOUBLE KITCHEN provides ample space for cooking with two of every appliance. State-of-the-art Wi-Fi system provides fast internet in every corner of the home, including outdoor areas. Enjoy the mountain views from two levels of string lit decks. The upper level deck has a grill, and the lower lever has a TWO large hot tubs. Property is on city water and sewer, which is a HUGE amenity in this market. Unlike many of the cabins on wells, this property will never run out of water or cause guests to complain of water smelling of sulfur. Guests will have plenty of parking places in the large designated lot. Durable, low-maintenance metal roofing tops off this incredible property.

Listing Details MLS# 261134

General Property Information

Living Area: 4600
Above Grade Finished Area: 2300
Below Grade Finished Area: 2300
Bedrooms Total: 8
Bathrooms Total: 8
Bathrooms Full: 8
Garage YN: No
Year Built: 2022
Bonus Room YN: Yes
Number of Bonus Rooms: 2
Bonus Room Type(s): Theater Room & Game Room
Accessory Dwelling Unit YN: No
Sign On Property YN: No
Home Warranty YN: No
Furnished: Furnished
Construction Type: Site Built
List Price/SqFt: 358.7
Sold Price/SqFt: 326.3
Lot Size Acres: 0
Below Grade Unfinished Area: 0
Bathrooms Half: 0
Garage Spaces: 0

Property Features

Appliances: Dishwasher; Double Oven; Dryer; Electric Cooktop; Microwave; Refrigerator; Self Cleaning Oven; Washer Architectural Style: Cabin Association Fee Includes: Maintenance Grounds; Roads Attic Features: None Basement: Basement; None Construction Materials: Frame; Log; Log Siding Cooling: Central Air; Zoned Exterior Features: Rain Gutters Fireplace Features: Blower Fan; Electric Flooring: Wood Heating: Central; Electric; Heat Pump Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet; Solid Surface Counters Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Sprinklers In Front; Sprinklers In Rear; Wooded Parking Features: Driveway; Paved Patio And Porch Features: Covered; Deck; Porch Pool Features: Hot Tub Possession: Close Of Escrow; Other Rental: Rental History Road Frontage Type: City Street Road Surface Type: Paved Roof: Metal Security Features: Security System; Smoke Detector(s) Sewer: Public Sewer Water Source: Public Window Features: Window Treatments Showing Requirements: Appointment Only; See Remarks

Location Tax and Legal

Street Number: 2948
Street Name: Fiddlers Creek
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37863
Property Sub Type: Single Family Residence
MLS Area Major: Pigeon Forge
Subdivision Name: Fiddlers Creek Pud

Contract Information

Original List Price: 1650000
Listing Contract Date: 2023-08-31
Owner Name: Eli, Gary, & Connie Poesnecker
Listing Agreement: Exclusive Right To Sell
Occupancy: Overnight Only
Common Interest: Planned Development
Association YN: Yes
Association Fee: 100
Association Fee Frequency: Monthly
Association Name: Fiddlers Creek HOA
Association Email: jvbrent@gmail.com
Association Type: Mandatory

Remarks and Miscellaneous

Public Remarks: Investors - huge cash flow and tax savings opportunity! $213,645 annualized gross income. Don't miss your chance to secure this incredible cabin before the holidays! 1031 Exchange and/or a chance to secure 80% bonus depreciation this year! Furnishing bonus depreciation estimate of $150K. Only 1.2 miles from the Parkway, and the 3 minute drive is smooth and easy - no unpaved, steep, or winding roads. Close proximity to every attraction! Built in October 2022, this fully furnished cabin comfortably accommodates 26 guests. Sleeping arrangements include 6 spacious king bedrooms, two bunk rooms with 4 twin beds, and three queen sleeper sofas. Each bedroom has a private full bath. There are 4K Roku TVs in every room including a 86” TV in the theater room. Game room includes pool table, arcade games, shuffle board, foosball table. The massive DOUBLE KITCHEN provides ample space for cooking with two of every appliance. State-of-the-art Wi-Fi system provides fast internet in every corner of the home, including outdoor areas. Enjoy the mountain views from two levels of string lit decks. The upper level deck has a grill, and the lower lever has a TWO large hot tubs. Property is on city water and sewer, which is a HUGE amenity in this market. Unlike many of the cabins on wells, this property will never run out of water or cause guests to complain of water smelling of sulfur. Guests will have plenty of parking places in the large designated lot. Durable, low-maintenance metal roofing tops off this incredible property.
Directions: Heading Northwest on the Parkway, turn left on Pine Mountain Road, then in 1.2 miles turn right on Fiddlers Creek Way. If GPS doesn't bring you to the property, search 803 Pine Mountain Road. That will bring you to the entrance of the development, where there is a sign denoting "Fiddlers Creek". Cabin is the last one on the right.

Status Change Information

Major Change Timestamp: 2023-11-03T17:48:09Z
Major Change Type: Status Change
Status Change Timestamp: 2023-11-03
Purchase Contract Date: 2023-09-19
Close Date: 2023-11-03
Close Price: 1501000
Buyer Financing: Conventional
Anticipated Closing Date: 2023-11-02

More Information

Showing Requirements

Showing Instructions: Closing must take place on or after October 30, 2023 (due to tax reasons). Property is an active overnight rental. To schedule showing appointments, contact listing agent at (806) 335-6020. Email offers to rachelteal@kw.com. Offer instructions are in attached documents. Note: Buyers may have to honor rental agreement with American Patriot Getaways for a short period after closing. Rental income for any stays beginning after closing will be distributed to new property owners.
Appointment Only: Yes
See Remarks: Yes

Location, Tax, and Legal

Restrictive Covenants YN: Yes
Zoning: R-2
Zoning Entity: Pigeon Forge
Parcel Number: 094 124.00
Tax Lot: 14
Book/Page/Doc #: P45, 83
Tax Annual Amount: 1474.45
Tax Year: 2022

Appliances

Dishwasher: Yes
Double Oven: Yes
Dryer: Yes
Electric Cooktop: Yes
Microwave: Yes
Refrigerator: Yes
Self Cleaning Oven: Yes
Washer: Yes

Architectural Style

Cabin: Yes

Association Fee Includes

Maintenance Grounds: Yes
Roads: Yes

Attic Features

None: Yes

Basement

Basement: Yes
None: Yes

Construction Materials

Frame: Yes
Log: Yes
Log Siding: Yes

Cooling

Central Air: Yes
Zoned: Yes

Exterior Features

Rain Gutters: Yes

Fireplace Features

Blower Fan: Yes
Electric: Yes

Flooring

Wood: Yes

Heating

Central: Yes
Electric: Yes
Heat Pump: Yes

Interior Features

Cathedral Ceiling(s): Yes
Ceiling Fan(s): Yes
Great Room: Yes
High Speed Internet: Yes
Solid Surface Counters: Yes

Laundry Features

Electric Dryer Hookup: Yes
Washer Hookup: Yes

Levels

Two: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Lot Features

Sprinklers In Front: Yes
Sprinklers In Rear: Yes
Wooded: Yes

Parking Features

Driveway: Yes
Paved: Yes

Patio And Porch Features

Covered: Yes
Deck: Yes
Porch: Yes

Pool Features

Hot Tub: Yes

Possession

Close Of Escrow: Yes
Other: Yes

Rental

Rental History: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Roof

Metal: Yes

Security Features

Security System: Yes
Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Window Features

Window Treatments: Yes

Listing Office: Keller Williams Realty Nashville/Franklin

Last Updated: August - 31 - 2024

Information deemed reliable but not guaranteed.

2948 Fiddlers Creek Way, Pigeon Forge, TN 37863 (MLS# 261134)