1940 Wears Valley Road
1940 Wears Valley Road
Sevierville, TN 37862
$4,500,000
Price
7
Beds
13
Baths
3
1/2 Baths
10,578 Sq. Ft.
$425 / Sq. Ft.
10,578
Sq. Ft.
$425
per Sq. Ft.
Description
Prime investment opportunity! Own your own turnkey cabin development surrounded by a rushing mountain stream (cove creek) with 5 luxury income producing short term rental cabins being sold fully furnished sitting on 20.60 acres in the pigeon forge, tn area with room to expand and build additional cabins! Gross income for 2021 was $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't...Prime investment opportunity! Own your own turnkey cabin development surrounded by a rushing mountain stream (cove creek) with 5 luxury income producing short term rental cabins being sold fully furnished sitting on 20.60 acres in the pigeon forge, tn area with room to expand and build additional cabins! Gross income for 2021 was $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR. Check out the video tour to see the property by drone!
- Listed by Charity Ann Brown • Tennessee Elite Realty
Property Details for 1940 Wears Valley Road
Architectural Style
Cabin, Log, Chalet
Sub division NameQuick Family Trust
ViewCountry Setting, Wooded
Style CabinTrue
Style ChaletTrue
Style LogTrue
Location
Listing Courtesy of Tennessee Elite Realty, Charity Ann Brown
Add your commute
LISTING UPDATED: 04/26/2024 08:51 AM
Property Details for 1940 Wears Valley Road
| Status | Active |
|---|---|
| MLS # | 1258187 |
| Days on Market | 277 |
| Taxes | $5,167 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Single Family / Residential |
| Year Built | 1968 |
| Lot Size | 20.60 AC / 897,336 SF |
| County | Sevier County |
Location
Listing Courtesy of Tennessee Elite Realty, Charity Ann Brown
Add your commute
Building Information for 1940 Wears Valley Road
Stories-Year Built1968Building Size-Lot Size20.60 AC / 897,336 SF
Payment Calculator
$24,989 per month
30 year fixed, 7.25% Interest
Principal and Interest
$24,558
Property Taxes
$431
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1940 Wears Valley Road
Summary
Location and General Information
- City: Sevierville
- County Or Parish: Sevier County - 27
- Directions: In Pigeon Forge take Wears Valley Rd to property on R. See sign.
- Latitude: 35.771348
- Longitude: -83.619131
- MLS Area Major: Sevier County - 27
- MLS Area Minor: Sevier County - 27
- Postal Code: 37862
- State Or Province: TN
- View Country Setting: True
- View Wooded: True
- View Other: True
- Location Tax Legal Info Area: Sevier County - 27
- Remarks Misc Directions: In Pigeon Forge take Wears Valley Rd to property on R. See sign.
Parking
- Attached Garage: No
- Parking Features: Main Level
- Atchd Dtchd Type Detached: True
- Garage Parking Main Level: True
Taxes and HOA Information
- Association Fee: 0.0
- Parcel Number: 104 010.00
- Location Tax Legal Info Total Tax: 5166.68
- General Property Description HOA: No
Virtual Tour
- Virtual Tours Count: 0
Property
Lot Information
- Lot Size Area: 20.6
- Lot Size Units: Acres
- Lot Size Square Feet: 897336.0
- Year Built: 1968
- Lot Features: River, Private, Wooded
- Building Area Total: 10578.0
- Living Area Source: Tax Records
- Lot Size Acres: 20.6
- Lot Size Source: Tax Records
- General Property Description SqFt - Main Lvl: 0.0
- General Property Description SqFt - Down Lvl: 0.0
- General Property Description SqFt - 2nd Flr Lvl: 0.0
- General Property Description SqFt - 3rd Flr Lvl: 0.0
- General Property Description SqFt - Source: Tax Records
- General Property Description Acres: 20.6
- General Property Description Acre Source: Tax Records
- General Property Description Site Built: Yes
- Lot Description Private: True
- Lot Description River: True
- Lot Description Wooded: True
Property and Assessments
- Possession: At Closing
- Sign On Property: Yes
- Property Attached: No
- Property Type Label: Single Family
- Floor Plans Count: 0
- Property Type: Single Family
- Property Sub Type: Residential
- Possession At Closing: True
Utilities
- General Property Description Sewer: Septic Tank
- Fuel Electric: True
- Fuel Propane: True
- Sewer Septic Tank: True
- Water Well: True
Interior and Exterior Features
Exterior Features
- Exterior Features: Porch - Covered, Deck
- Other Structures: Gazebo
- Construction Materials: Other, Wood, Log, Frame
- Siding Log: True
- Siding Wood: True
- Outbuildings Gazebo: True
- Exterior Features Deck: True
- Exterior Features Porch - Covered: True
- Misc Features Pantry: True
Interior Features
- Beds Total: 7
- Baths Full: 13
- Baths Half: 3
- Fireplaces Total: 1
- Fireplace: Yes
- Bathrooms Total Integer: 16
- Cooling Details: Yes
- Kitchen Appliances: Dishwasher, Dryer, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave, Washer
- Fireplace Features: Other
- Flooring: Carpet, Hardwood, Tile
- Heating: Yes
- Fireplace Other: True
- Cooling Ceiling Fan(s): True
- Cooling Central Cooling: True
- Cooling Wall Cooling: True
- Floors Carpet: True
- Floors Hardwood: True
- Floors Tile: True
- Basement Finished: True
- Basement Walkout: True
- General Property Description Number of Bedrooms: 7
- General Property Description Number of Rooms: 0.0
- General Property Description Fireplace: Yes
- General Property Description Number of Fireplace: 1.0
- General Property Description Basement: Yes
- General Property Description Bonus Room: No
- Heat Central: True
- Heat - Heat Pump: True
- Dining Area Formal Dining Area: True
- Dining Area KitchenDining Rm Co: True
- Dining Area Living Room Dining Room: True
- Appliances Dishwasher: True
- Appliances Dryer: True
- Appliances Microwave: True
- Appliances Range: True
- Appliances Refrigerator: True
- Appliances Self Cleaning Oven: True
- Appliances Smoke Detector: True
- Appliances Washer: True
- Misc Features Cathedral Ceiling: True
- Misc Features Hot Tub: True
- Misc Features WasherDryer Connect: True
- Misc Features Whirlpool Tub: True
Room Information
Room
- Rooms Total: 0
Multi Family
Income & Expenses Information
- Contract Info Gross Amount Year: 374989
- Contract Info Gross Amount Year: 330462
Rental
Rent Information
- Contract Info Occupancy: Either
- General Property Description Restrictions: No
- Tenant Expenses Cooling: Central Cooling,Wall Cooling,Ceiling Fan(s)
- Tenant Expenses Heating: Central,Heat Pump,Propane,Electric
Property History for 1940 Wears Valley Road
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1940 Wears Valley Road
Taxable ValueLand$62,200Additions$471,200Total$533,400
Tax Record2021$5,967 ($497 / month)
Home Facts
Beds0Total Finished SqFt2,608 SqFtAbove Grade Finished SqFt2,608 SqFtStories3Lot Size130,680 SqFtStyleSingle Family ResidenceYear Built1968Year Renovated1991ZoningR-1CountySEVIERAPN078104 01000Fireplace TypeHas Fireplace
Schools near 1940 Wears Valley Road
This home is within Sevier County School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 3 | |||
| Public - | 7 to 9 | |||
| Public - | 10 to 12 | |||
| Public - | K to 8 |
Rating | School | Distance |
|---|---|---|
Pigeon Forge Primary School PublicPK to 3 | ||
Pigeon Forge Middle School Public7 to 9 | ||
Pigeon Forge High School Public10 to 12 | ||
Wearwood Elementary School PublicK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of Tennessee Elite Realty, Charity Ann Brown
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