realty-smokies

715 Oldham Street, Pigeon Forge, TN 37863

$2,000,000
Property Type: Residential Bedrooms: 9 Baths: 8 Square Footage: 6,873 Lot Size (sq. ft.): 86,684 Status: Closed
Current Price: $2,000,000 List Date: 8/02/2021 Last Modified: 9/01/2024

Overview

Description

This property touches on almost every investor's dream. Money maker, location, mountain views, sewer, AND additional building lots. What more could you ask for? It is no wonder this produces such amazing numbers. Grossing $210,000 in 2020 and ALREADY having $254,000 on the books for 2021!!! This rental is perfect for corporate gatherings, family reunions, retreats, or multi family vacations. It is within walking distance to the Parkway in Pigeon Forge, has a jaw dropping outdoor entertainment area equipped with a 14 person hot tub, 12 ft projection screen, seating area, gas grill, and a SPLASH PAD all overlooking the beautiful Smoky Mountains. Inside you will have 9 bedrooms, 4 bonus living areas, a full theatre, game room, and sauna room. If this is not enough to get you interested let's talk about additional building opportunities. There is an additional 1 acre lot that conveys with this sale. With sewer available your possibilities are almost endless, you can add to your investment portfolio with some new construction or keep it wooded for privacy. Be sure to watch the walk through video. No steep mountain roads and plenty of parking for guests. Home accommodates up to 30 guests! A truly unique find in this highly sought out tourist destination!

Listing Details MLS# 244223

General Property Information

Lot Size Acres
1.99
Living Area
6873
Above Grade Finished Area
4118
Below Grade Finished Area
2755
Bedrooms Total
9
Bathrooms Total
8
Bathrooms Full
7
Bathrooms Half
Yes
Garage YN
No
Year Built
1979
Bonus Room YN
Yes
Number of Bonus Rooms
Yes
Accessory Dwelling Unit YN
No
Sign On Property YN
Yes
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
View YN
Yes
List Price/SqFt
341.92
Sold Price/SqFt
290.99
Below Grade Unfinished Area
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Gas Cooktop; Microwave; Refrigerator; Self Cleaning Oven; Washer Architectural Style: Colonial Attic Features: Access Only Basement: Basement; Finished Construction Materials: Brick; Frame Cooling: Central Air; Electric Fireplace Features: Gas Log; Wood Burning Flooring: Wood Heating: Central Interior Features: Cathedral Ceiling(s); Central Vacuum; Formal Dining; Great Room; High Speed Internet; Soaking Tub; Solid Surface Counters; Wet Bar; Other Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Level; Wooded Parking Features: Driveway; Paved; RV Access/Parking Patio And Porch Features: Deck; Patio Pool Features: Hot Tub Possession: Negotiable Rental: Rental History Road Frontage Type: City Street Roof: Composition Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Cable Available View: Mountain(s) Water Source: Public Window Features: Window Treatments Showing Requirements: Appointment Only; Call Listing Agent; See Remarks

Location Tax and Legal

Street Number
715
Street Name
Oldham
Street Suffix
Street
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
2350000
Listing Contract Date
2021-08-02
Owner Name
Lyons
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Rental History Gross Amount 1
248000
Rental History Year 1
2021
Rental History Gross Amount 2
210000
Rental History Year 2
2020
Association YN
No

Remarks and Miscellaneous

Public Remarks
This property touches on almost every investor's dream. Money maker, location, mountain views, sewer, AND additional building lots. What more could you ask for? It is no wonder this produces such amazing numbers. Grossing $210,000 in 2020 and ALREADY having $254,000 on the books for 2021!!! This rental is perfect for corporate gatherings, family reunions, retreats, or multi family vacations. It is within walking distance to the Parkway in Pigeon Forge, has a jaw dropping outdoor entertainment area equipped with a 14 person hot tub, 12 ft projection screen, seating area, gas grill, and a SPLASH PAD all overlooking the beautiful Smoky Mountains. Inside you will have 9 bedrooms, 4 bonus living areas, a full theatre, game room, and sauna room. If this is not enough to get you interested let's talk about additional building opportunities. There is an additional 1 acre lot that conveys with this sale. With sewer available your possibilities are almost endless, you can add to your investment portfolio with some new construction or keep it wooded for privacy. Be sure to watch the walk through video. No steep mountain roads and plenty of parking for guests. Home accommodates up to 30 guests! A truly unique find in this highly sought out tourist destination!
Directions
FROM THE PARKWAY IN PIGEON FORGE, TURN AT LIGHT #8 ONTO DOLLYWOOD LANE. THEN BECOMES VETERANS BLVD, LEFT ONTO WINSTON. TRAVEL TO STOP SIGN AND TURN RIGHT ONTO OLDHAM STREET. CONTINUE STRAIGHT AND YOU WILL SEE A WHITE BRICK HOME SITTING ON HILL. TAKE 1ST PAVED DRIVEWAY LEADING TO THE HOME.

Status Change Information

Major Change Timestamp
2021-12-16T17:53:56Z
Major Change Type
Status Change
Status Change Timestamp
2021-12-16
Purchase Contract Date
2021-10-15
Close Date
2021-12-16
Close Price
2000000
Buyer Financing
Other
Anticipated Closing Date
2021-12-09

More Information

Showing Requirements

Showing Instructions
Call List Agent to schedule showings. Check cabin availability at https://www.elkspringsresort.com/cabins/the-pillars/ Buyer to verify square footage. Information taken from tax records and deemed reliable but not guaranteed. Management Company has a TARGET of $300,000 gross for 2021. Drone used in video and some photos. Available Showing dates: 9/1, 9/2, 9/7, 9/8, 9/14, 9/15 **subject to change
Appointment Only
Yes
Call Listing Agent
Yes
See Remarks
Yes

Historical Information

Public Historical Remarks
Interior Features: Large Primary Bedroom, Fireplace: 3 or More

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-1
Zoning Entity
Pigeon Forge
Tax Lot
4
Book/Page/Doc #
5337, 585 190175
Tax Annual Amount
2239.74
Tax Year
2019

Appliances

Dishwasher
Yes
Dryer
Yes
Gas Cooktop
Yes
Microwave
Yes
Refrigerator
Yes
Self Cleaning Oven
Yes
Washer
Yes

Architectural Style

Colonial
Yes

Attic Features

Access Only
Yes

Basement

Basement
Yes
Finished
Yes

Construction Materials

Brick
Yes
Frame
Yes

Cooling

Central Air
Yes
Electric
Yes

Fireplace Features

Gas Log
Yes
Wood Burning
Yes

Flooring

Wood
Yes

Heating

Central
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Central Vacuum
Yes
Formal Dining
Yes
Great Room
Yes
High Speed Internet
Yes
Soaking Tub
Yes
Solid Surface Counters
Yes
Wet Bar
Yes
Other
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Two
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Lot Features

Level
Yes
Wooded
Yes

Parking Features

Driveway
Yes
Paved
Yes
RV Access/Parking
Yes

Patio And Porch Features

Deck
Yes
Patio
Yes

Pool Features

Hot Tub
Yes

Possession

Negotiable
Yes

Rental

Rental History
Yes

Road Frontage Type

City Street
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

View

Mountain(s)
Yes

Water Source

Public
Yes

Window Features

Window Treatments
Yes
Listing Office: Tennessee Mountain Real Estate, LLC
Last Updated: September - 01 - 2024
Information deemed reliable but not guaranteed.