realty-smokies

410 Compass Point Way, Sevierville, TN 37876

$700,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 1,868 Status: Closed
Current Price: $700,000 List Date: 3/20/2024 Last Modified: 9/05/2024

Description

New construction WITHOUT the construction loan. This fully furnished 4BR / 4.5BA rustic contemporary STR, with rental projections up to $120,000, has a stellar location just minutes from the Parkway and the hottest commercial attractions the Smokies have to offer (Soaky Mountain, Wilderness of the Smokies, Ripken Baseball, multiple shopping outlets, Dig n' Zone Theme Park, the upcoming Gateway to Adventure at Exit 407 and many others). This short term rental sits atop on of the highest peaks in The Lodges of Ridgemont subdivision. The builder spared no expense designing a modern & contemporary STR, but also planned ahead for easy long term maintenance and durability of the cabin. The exterior features cement board siding, composite decking, etc., to minimize long-term upkeep costs. The interior has a durable LVP floor, contemporary kitchen design with granite countertops, and bright white walls paired with warm natural wood ceilings to make sure this cabin stands out from the rest. This floor plan features a master on the main and with an ensuite bathroom, and an open concept kitchen & living room with a cathedral ceiling. The upstairs has two bedrooms and two full bathrooms with a open air loft & sitting room open to the main floor. The basement will be the fun zone of the property and will have both a large game room and bunk room with an additional full bathroom. Large decks are present on both the main floor and bottom floor so you have plenty of room to stretch out and taken in the mountain views.

More Information MLS# 269041

Location, Tax, and Legal

Street Number: 410 Street Name: Compass Point Street Suffix: Way County: Sevier State: TN Zip Code: 37876 New Construction YN: Yes New Construction Start Date: 2023-12-01 Estimated Completion Date: 2024-03-01 Property Sub Type: Single Family Residence MLS Area Major: Sevierville Restrictive Covenants YN: Yes Subdivision Name: The Lodges at Reedmont Zoning: R-1 Zoning Entity: Sevierville Parcel Number: TBD Tax Lot: 159 Book/Page/Doc #: 6331, 173 Tax Annual Amount: 368.22 Tax Year: 2022

Contract Information

Current Price: $700,000 Original List Price: 889000 Sold Price: $700,000 Status: Closed Listing Contract Date: 2024-03-20 Auction YN: No Owner Name: Smith Listing Agreement: Exclusive Right To Sell Occupancy: Either Common Interest: Planned Development Association YN: Yes Association Fee: 150 Association Fee Frequency: Monthly Association Name: TBD Association Phone: TBD Association Email: TBD Association Type: Mandatory

General Property Information

Stories Total: 3 Living Area: 1868 Living Area Source: Plans Above Grade Finished Area: 1170 Below Grade Finished Area: 698 Below Grade Unfinished Area: 698 Bedrooms Total: 4 Bathrooms Total: 5 Bathrooms Full: 4 Bathrooms Half: 1 Garage YN: No Fireplace YN: Yes Year Built: 2024 Bonus Room YN: Yes Number of Bonus Rooms: 1 Bonus Room Type(s): Game Room 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: 428.27 Sold Price/SqFt: 374.73

Remarks and Miscellaneous

Public Remarks: New construction WITHOUT the construction loan. This fully furnished 4BR / 4.5BA rustic contemporary STR, with rental projections up to $120,000, has a stellar location just minutes from the Parkway and the hottest commercial attractions the Smokies have to offer (Soaky Mountain, Wilderness of the Smokies, Ripken Baseball, multiple shopping outlets, Dig n' Zone Theme Park, the upcoming Gateway to Adventure at Exit 407 and many others). This short term rental sits atop on of the highest peaks in The Lodges of Ridgemont subdivision. The builder spared no expense designing a modern & contemporary STR, but also planned ahead for easy long term maintenance and durability of the cabin. The exterior features cement board siding, composite decking, etc., to minimize long-term upkeep costs. The interior has a durable LVP floor, contemporary kitchen design with granite countertops, and bright white walls paired with warm natural wood ceilings to make sure this cabin stands out from the rest. This floor plan features a master on the main and with an ensuite bathroom, and an open concept kitchen & living room with a cathedral ceiling. The upstairs has two bedrooms and two full bathrooms with a open air loft & sitting room open to the main floor. The basement will be the fun zone of the property and will have both a large game room and bunk room with an additional full bathroom. Large decks are present on both the main floor and bottom floor so you have plenty of room to stretch out and taken in the mountain views. Directions: Approximate map location --> https://maps.app.goo.gl/a5Fv1ThPFuCm13JP9 --> Directions: From I-40, take Exit 407 to Parkway south. Right on Gists Creek near Soaky Mountain. Right on Reed Schoolhouse Rd. Right on Reedmont Way at Development entrance (you'll see signs for The Lodges at Ridgemont). Drive to top of hill, then left on Compass Point Way. Cabin is on the right. No sign on property.

Status Change Information

Major Change Timestamp: 2024-09-04T22:17:25Z Major Change Type: Status Change Price Change Timestamp: 2024-06-03T14:16:15Z Status Change Timestamp: 2024-09-04 Purchase Contract Date: 2024-07-18 Close Date: 2024-09-04 Close Price: 700000 Buyer Financing: Cash Anticipated Closing Date: 2024-08-22

Fireplace Features

Fireplaces Total: 1

Showing Requirements

Showing Instructions: VIRTUAL WALKTHOUGH: https://www.youtube.com/watch?v=fBiSi-biG3A. IMPORTANT NOTES: 1) property tax shown for raw land only and will likely change in near future, 2) HOA has not been created but so the fee & services are TBD, AND the $150/mo is a placeholder only and potentially be changed in the near future, 3) Spectrum Cable will likely be the cable/internet provider but buyer/buyers agent to verify with vendor directly. >>> All info taken from public databases, county resources and Seller, but Buyer and/or Buyer's Agent must perform all due diligence important to them. See bill of sale furniture & hot tub conveyance. Please EMAIL offers to matt@theshorttermshop.com AND send TEXT to confirm offer was sent. For showings or questions, please TEXT or CALL listing agent Matt Castle @ 276-477-9309.

Property Features

Appliances: Dishwasher; Dryer; Electric Cooktop; Electric Range; Range Hood; Refrigerator; Washer Architectural Style: Contemporary Association Amenities: Clubhouse; Pool Association Fee Includes: Maintenance Grounds; Roads Attic Features: Storage Only Basement: Basement; Finished Construction Materials: Block; Cement Siding; Frame; Masonry Cooling: Heat Pump Exterior Features: Rain Gutters Heating: Electric; Heat Pump Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Three Or More Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Wooded Parking Features: Driveway; Paved Patio And Porch Features: Covered; Deck Pool Features: Hot Tub Possession: Close Of Escrow Road Frontage Type: County Road; Private Road Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Cable Available View: Mountain(s); Seasonal Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent
Listing Office: eXp Realty, LLC 7765
Last Updated: September - 05 - 2024
Information deemed reliable but not guaranteed.