realty-smokies

Multiple Union Dell Court, Union Hill Subdivision, Sevierville, TN 37876

$1,468,800
Property Type: Commercial Sale Square Footage: 10,122 Lot Size (sq. ft.): 1,110,344 Status: Closed
Current Price: $1,468,800 List Date: 4/26/2021 Last Modified: 8/23/2024

Overview

Description

Fantastic Opportunity income producing property for an investor / developer! This listing represents 9 single family homes, 21 individual building lots with natural gas, water and sewer, and 14 raw acres also with natural gas, water, and sewer access. The properties are all in Union Hill Subdivision situated approximately 2 miles from downtown Sevierville. A lot of the property has elevation creating sweeping views of the Smoky Mountains. The properties have been long term rentals historically. However, they can also be utilized for overnight rentals. The environment is peaceful and the land is serene. The homes are all in good condition, and currently rented. There are two properties with year to year leases and tenant rights. The remaining seven are month to month leases. The lots are all in close proximity to each other and would make development ideal for a contractor to build out with one convenient staging area. Addresses of the single family homes are as follows - 1. 802 Union Dell Court / Union Hill Phase II, 2. 809 Union Crest Court / Union Hill Phase II, 3. 814 Union Dell Court / Union Hill Phase II, 4. 822 Union Dell Court / Union Hill Phase II, 5. 826 Union Dell Court / Union Hill Phase II, 6. 829 Union Crest Court / Union Hill Phase II, 7. 830 Union Dell Court / Union Hill Phase II, 8. 833 Union Dell Court / Union Hill Phase II, 9. 914 Hill Hollow Drive / Union Hill. Please see associated docs for full legal description of all lots, raw acreage, and homes. Aerial photography was utilized in marketing this listing.

Listing Details MLS# 242094

General Property Information

Number Of Buildings
9
Lot Size Acres
25.49
Living Area
10122
Year Built
2002
Bonus Room YN
No
Sign On Property YN
No
List Price/SqFt
172.89
Sold Price/SqFt
145.11

Property Features

Basement: None Construction Materials: Frame; Vinyl Siding Cooling: Central Air; Electric; Heat Pump Documents Available: Covenants; EPA Documents Heating: Central; Electric; Heat Pump Listing Terms: Cash; Conventional; Fee Simple Improved Possession: Close Of Escrow; Other Road Frontage Type: County Road Road Surface Type: Paved Utilities: Cable Available; Electricity Available; Natural Gas Available; Phone Available; Sewer Available; Sewer Connected; Water Available Showing Requirements: Appointment Only; Restricted Hours; See Remarks

Location Tax and Legal

Street Number
Multiple
Street Name
Union Dell
Street Suffix
Court
County
Sevier
State
TN
Zip Code
37876
Property Sub Type
Other
MLS Area Major
Sevierville
Subdivision Name
Union Hill

Contract Information

Original List Price
1980000
Listing Contract Date
2021-04-26
Owner Name
B & B
Listing Agreement
Exclusive Right To Sell

Remarks and Miscellaneous

Public Remarks
Fantastic Opportunity income producing property for an investor / developer! This listing represents 9 single family homes, 21 individual building lots with natural gas, water and sewer, and 14 raw acres also with natural gas, water, and sewer access. The properties are all in Union Hill Subdivision situated approximately 2 miles from downtown Sevierville. A lot of the property has elevation creating sweeping views of the Smoky Mountains. The properties have been long term rentals historically. However, they can also be utilized for overnight rentals. The environment is peaceful and the land is serene. The homes are all in good condition, and currently rented. There are two properties with year to year leases and tenant rights. The remaining seven are month to month leases. The lots are all in close proximity to each other and would make development ideal for a contractor to build out with one convenient staging area. Addresses of the single family homes are as follows - 1. 802 Union Dell Court / Union Hill Phase II, 2. 809 Union Crest Court / Union Hill Phase II, 3. 814 Union Dell Court / Union Hill Phase II, 4. 822 Union Dell Court / Union Hill Phase II, 5. 826 Union Dell Court / Union Hill Phase II, 6. 829 Union Crest Court / Union Hill Phase II, 7. 830 Union Dell Court / Union Hill Phase II, 8. 833 Union Dell Court / Union Hill Phase II, 9. 914 Hill Hollow Drive / Union Hill. Please see associated docs for full legal description of all lots, raw acreage, and homes. Aerial photography was utilized in marketing this listing.
Directions
From Sevierville take Allensville Road 1.5 Miles to a left onto Kellum Creek Road. Travel .4 Miles to a slight Left into Union Hill Subdivision. There are apartments and storage buildings at this turn. Properties are scattered throughout Union Hill on Union Dell Court, Union Crest Court, and Hill Hollow Drive.

Status Change Information

Major Change Timestamp
2021-08-25T05:39:27Z
Major Change Type
Status Change
Price Change Timestamp
2021-06-04T19:52:16Z
Status Change Timestamp
2021-08-25
Purchase Contract Date
2021-07-16
Close Date
2021-08-25
Close Price
1468800
Buyer Financing
Seller Financing

More Information

Currently Not Used

Book/Page/Doc #
2694, 813/806

Showing Requirements

Showing Instructions
Information gathered from various sources including tax information. Buyer should verify all information contained herein with appropriate inspections prior to purchase. Showings on the homes shall be scheduled with an acceptable contract to purchase. The showings will be considered part of buyers due diligence to respect tenants privacy. Please call Adam Lane at 865-765-1606 with additional questions about the property. Recorded Subdivision Plat map, restrictions, sewer and water map, property breakdown and legal descriptions, and a marked CRS Plat are all in associated docs along with required disclosures.
Appointment Only
Yes
Restricted Hours
Yes
See Remarks
Yes

Location, Tax, and Legal

Street Additional Info
Union Hill Subdivision
Restrictive Covenants YN
Yes
Zoning
R-2
Zoning Entity
Sevier County
Parcel Number
Multiple
Tax Lot
Multiple
Tax Annual Amount
6286
Tax Year
2019

Basement

None
Yes

Construction Materials

Frame
Yes
Vinyl Siding
Yes

Cooling

Central Air
Yes
Electric
Yes
Heat Pump
Yes

Documents Available

Covenants
Yes
EPA Documents
Yes

Heating

Central
Yes
Electric
Yes
Heat Pump
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Fee Simple Improved
Yes

Possession

Close Of Escrow
Yes
Other
Yes

Road Frontage Type

County Road
Yes

Road Surface Type

Paved
Yes

Utilities

Cable Available
Yes
Electricity Available
Yes
Natural Gas Available
Yes
Phone Available
Yes
Sewer Available
Yes
Sewer Connected
Yes
Water Available
Yes
Listing Office: Keller Williams Smoky Mountain
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.