realty-smokies

303 CANEY CREEK Road, Pigeon Forge, TN 37863

$1,700,200
Property Type: Residential Bedrooms: 8 Baths: 8 Square Footage: 3,828 Lot Size (sq. ft.): 34,848 Status: Closed
Current Price: $1,700,200 List Date: 9/19/2021 Last Modified: 8/29/2024

Overview

Description

Creekside Getaway is projected to finish 2021 at $230,000 in gross overnight rental income. After expenses, this gold mine represents an 11% cap rate for most investors! With nearly 4,000 sq ft of deluxe accommodations, featuring 8-bedrooms and 8-baths on the gorgeous year-round Caney Creek, this property borders the Great Smoky Mountains National Park. While it certainly feels like you're miles from the action, the cabin is just 4 minutes from the Pigeon Forge strip and 7 minutes from downtown Gatlinburg. The owners recently had all-new high-durability floors installed that complement the custom mountain furniture. This property is truly turnkey all the way down to the knives and forks. The bedrooms are outfitted to maximize occupancy, each with its own ensuite bathroom appointed with granite vanities, tiled showers, and jet tubs. 5 of the bedrooms are set up with hand-crafted king beds and natural branch futons. Three rooms feature queen bunks and the same high-quality futons. The game room comes stocked like a Dave-N-Busters with a pool table, foosball, twin driving arcade games, Big Buck Hunter, and a large screen multicade. With all of that and the open theater, your guests may never run out of things to do together during their stay. Of course, it wouldn't be a "Creekside Getaway" without Caney Creek. The back porch is just feet away from this year-round flowing gem that babbles by creating a truly serene setting. Hundreds of square feet of semi-enclosed porches, patios, gas and wood fire pits, hot tub, comfortable outside seating, and stonework all face the creek and behind it, the national park for maximum vacation privacy. It's no use sleeping so many people without the ability to feed them! This kitchen, with its stainless appliances, twin fridges, and ample seating is ready to deliver huge meals to your eager guests. They'll love the two, matching natural branch dining sets. Every detail in this cabin has been carefully considered. Exceptional care has been taken of this property, and every guest's desire has been anticipated. Whether adding it to your portfolio of properties or just beginning your short-term rental business, you'll be hard-pressed to find anything that compares in quality or revenue to 303 Caney Creek Rd.

Listing Details MLS# 245114

General Property Information

Lot Size Acres
0.8
Living Area
3828
Above Grade Finished Area
3828
Bedrooms Total
8
Bathrooms Total
8
Bathrooms Full
8
Garage YN
No
Year Built
2003
Bonus Room YN
No
Accessory Dwelling Unit YN
No
Sign On Property YN
Yes
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
View YN
Yes
Waterfront YN
Yes
List Price/SqFt
417.95
Sold Price/SqFt
444.15
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer Architectural Style: Cabin Attic Features: None Basement: Crawl Space; None Construction Materials: Log Cooling: Central Air; Electric Exterior Features: Rain Gutters Fireplace Features: Electric Heating: Central Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Formal Dining; Great Room; High Speed Internet; Soaking Tub; Solid Surface Counters Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional; FHA; VA Loan Lot Features: Level Patio And Porch Features: Deck; Patio; Porch; Screened Pool Features: Hot Tub Possession: Close Of Escrow Rental: Rental History Road Frontage Type: County Road Road Surface Type: Gravel Roof: Composition Security Features: Smoke Detector(s) Sewer: Shared Septic Utilities: Cable Available View: Mountain(s) Water Source: Well Waterfront Features: Creek Window Features: Double Pane Windows Showing Requirements: Appointment Only; See Remarks

Location Tax and Legal

Street Number
303
Street Name
CANEY CREEK
Street Suffix
Road
County
Sevier
State
TN
Zip Code
37863
Property Sub Type
Single Family Residence
MLS Area Major
Pigeon Forge
Subdivision Name
Other

Contract Information

Original List Price
1599900
Listing Contract Date
2021-09-19
Owner Name
Long
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Rental History Gross Amount 1
230000
Rental History Year 1
2021
Rental History Gross Amount 2
172291
Rental History Year 2
2020
Association YN
No

Remarks and Miscellaneous

Public Remarks
Creekside Getaway is projected to finish 2021 at $230,000 in gross overnight rental income. After expenses, this gold mine represents an 11% cap rate for most investors! With nearly 4,000 sq ft of deluxe accommodations, featuring 8-bedrooms and 8-baths on the gorgeous year-round Caney Creek, this property borders the Great Smoky Mountains National Park. While it certainly feels like you're miles from the action, the cabin is just 4 minutes from the Pigeon Forge strip and 7 minutes from downtown Gatlinburg. The owners recently had all-new high-durability floors installed that complement the custom mountain furniture. This property is truly turnkey all the way down to the knives and forks. The bedrooms are outfitted to maximize occupancy, each with its own ensuite bathroom appointed with granite vanities, tiled showers, and jet tubs. 5 of the bedrooms are set up with hand-crafted king beds and natural branch futons. Three rooms feature queen bunks and the same high-quality futons. The game room comes stocked like a Dave-N-Busters with a pool table, foosball, twin driving arcade games, Big Buck Hunter, and a large screen multicade. With all of that and the open theater, your guests may never run out of things to do together during their stay. Of course, it wouldn't be a "Creekside Getaway" without Caney Creek. The back porch is just feet away from this year-round flowing gem that babbles by creating a truly serene setting. Hundreds of square feet of semi-enclosed porches, patios, gas and wood fire pits, hot tub, comfortable outside seating, and stonework all face the creek and behind it, the national park for maximum vacation privacy. It's no use sleeping so many people without the ability to feed them! This kitchen, with its stainless appliances, twin fridges, and ample seating is ready to deliver huge meals to your eager guests. They'll love the two, matching natural branch dining sets. Every detail in this cabin has been carefully considered. Exceptional care has been taken of this property, and every guest's desire has been anticipated. Whether adding it to your portfolio of properties or just beginning your short-term rental business, you'll be hard-pressed to find anything that compares in quality or revenue to 303 Caney Creek Rd.
Directions
From Pigeon Forge head south on 321 out of Pigeon Forge, property is with several similar properties on the left approximately 2 minutes on left. Farthest property on the left as you are looking at all of them.

Status Change Information

Major Change Timestamp
2021-11-09T17:57:08Z
Major Change Type
Status Change
Status Change Timestamp
2021-11-09
Purchase Contract Date
2021-09-24
Close Date
2021-11-09
Close Price
1700200
Buyer Financing
Conventional
Anticipated Closing Date
2021-11-10

More Information

Showing Requirements

Showing Instructions
Property has been blocked through Thursday, Sep 23rd at 4 pm to maximize compatibility with your showing schedule. If you would like an unbranded, narrated walkthrough of the property for your out-of-state clients, you will find one at the following link that you are free to share with them. https://tinyurl.com/xv3anv Please submit any offers by Friday 9/24 at 3 p.m. with a deadline no sooner than Friday 9/24 at 5pm EST to LesleyAdams@gmail.com For showings please reach out to Jeromy Adams for the door code at 281-630-6995. All offers should include seller-signed disclosures and proof of funds or preapproval.
Appointment Only
Yes
See Remarks
Yes

Historical Information

Public Historical Remarks
Interior Features: Large Primary Bedroom

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-1
Zoning Entity
Sevier County
Tax Lot
Yes
Book/Page/Doc #
LM 4, 138
Tax Annual Amount
1826
Tax Year
2019

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Microwave
Yes
Range Hood
Yes
Refrigerator
Yes
Self Cleaning Oven
Yes
Washer
Yes

Architectural Style

Cabin
Yes

Attic Features

None
Yes

Basement

Crawl Space
Yes
None
Yes

Construction Materials

Log
Yes

Cooling

Central Air
Yes
Electric
Yes

Exterior Features

Rain Gutters
Yes

Fireplace Features

Electric
Yes

Heating

Central
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Ceiling Fan(s)
Yes
Formal Dining
Yes
Great Room
Yes
High Speed Internet
Yes
Soaking Tub
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
FHA
Yes
VA Loan
Yes

Lot Features

Level
Yes

Patio And Porch Features

Deck
Yes
Patio
Yes
Porch
Yes
Screened
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Rental

Rental History
Yes

Road Frontage Type

County Road
Yes

Road Surface Type

Gravel
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Shared Septic
Yes

Utilities

Cable Available
Yes

View

Mountain(s)
Yes

Water Source

Well
Yes

Waterfront Features

Creek
Yes

Window Features

Double Pane Windows
Yes
Listing Office: Mountain Realty Group
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.