$800,700
$875,000
8.5%For more information regarding the value of a property, please contact us for a free consultation.
3867 Holders Grove RD Cosby, TN 37722
3 Beds
4 Baths
2,344 SqFt
Key Details
Sold Price $800,700
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,344 sqft
Price per Sqft $341
Subdivision Majestic View
MLS Listing ID 255400
Sold Date 02/28/23
Style Chalet,Cottage,Craftsman
Bedrooms 3
Full Baths 4
HOA Y/N No
Abv Grd Liv Area 2,344
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 2022
Annual Tax Amount $812
Tax Year 2022
Lot Size 1.010 Acres
Acres 1.01
Property Description
Ridiculous Views AND flat ground!? Yes, that is what this property offers. This is a great short term rental opportunity at a great price for a brand new 3 bedroom cabin. With rental projections of $105-$115,000+, this property would make a great addition to your real estate portfolio. Cabin sits on an acre of flat ground and is positioned in such a way to showcase the amazing mountain views from all areas of the cabin. There is also a beautiful stone fire-pit with poly-wood Adirondack chairs for people to enjoy an evening fire while enjoying the beautiful views. The cabin features 4 full bedrooms with ensuite bathrooms, a large kitchen with plenty of cabinet and countertop space along with leathered granite countertops. The living room/great room has cathedral ceilings, floor to ceiling stone fireplace, and a wall of windows to showcase those mountain views. The cabins of Majestic View have no restrictions and there is no HOA. They are on well and septic so the only utility costs are electric and digital services. Very low overhead! This is a great opportunity in this changing market to take advantage of a property that has the potential of generating 11-14+% ROI (gross rent:purchase price).
Location
State TN
County Cocke
Zoning None
Direction From Gatlinburg travel Hwy 321 approx. 20 miles to a left on Ball Park. Ball Park automatically turns into Holders Grove. House is the first on left past County Line Road. From I-40/Newport travel 321 approx. 10 miles to a right on Bal Park. Ball Park automatically turns into Holders Grove. House is the first on left past County Line Road.
Rooms
Basement Crawl Space, None
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fan(s), Great Room, Solid Surface Counters
Heating Central, Electric, Heat Pump
Cooling Central Air, Electric, Heat Pump
Flooring Wood
Fireplaces Number 1
Fireplaces Type Electric
Fireplace Yes
Window Features Window Treatments
Appliance Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway, Paved
Pool Hot Tub
Utilities Available Cable Available
View Y/N Yes
View Mountain(s)
Roof Type Composition
Street Surface Paved
Porch Covered, Deck
Road Frontage County Road
Garage No
Building
Lot Description Level
Sewer Septic Tank
Water Well
Architectural Style Chalet, Cottage, Craftsman
Structure Type Cedar,Cement Siding,Frame,Stone
Others
Security Features Smoke Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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