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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.