$510,000
$545,000
6.4%For more information regarding the value of a property, please contact us for a free consultation.
5397 Cocke County Line RD Cosby, TN 37722
3 Beds
3 Baths
1,960 SqFt
Key Details
Sold Price $510,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,960 sqft
Price per Sqft $260
Subdivision Majestic View
MLS Listing ID 255399
Sold Date 03/24/23
Style Chalet,Cottage,Craftsman
Bedrooms 3
Full Baths 3
HOA Y/N No
Abv Grd Liv Area 1,960
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 2022
Annual Tax Amount $653
Tax Year 2022
Lot Size 1.010 Acres
Acres 1.01
Property Description
Amazing short term rental opportunity. Price To Sell! Rental projections from multiple management companies of $77-$85,000+ gross. This brand new, 3 bedroom property was built with efficiency and easy maintenance in mind. Located in the foothills of Cosby, this property sits on 1 acre of flat ground with amazing mountain views and options for a number of different outdoor amenities if one so chose. This very private and quiet setting continues to be a draw for guests that want to still be close enough to Gatlinburg/Pigeon Forge but away from the hustle and bustle. Property features 3 full bedrooms and 3 full bathrooms. 2 of the bedrooms are located upstairs and 2 bedrooms have ensuite bathrooms. Open concept living, dining, and kitchen on the main level with ample cabinet and counter top space. Black/stainless appliances with leathered granite countertops through out. 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 12-16% 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. Take a left on Cocke County Line Road which is a gravel road running directly in front of the cabins. First drive way on the right. From I-40/Newport travel 321 approx. 10 miles to a right on Bal Park. Ball Park automatically turns into Holders Grove. Take a left on Cocke County Line Road which is a gravel road running directly in front of the cabins. First drive way on the right.
Rooms
Basement None
Interior
Interior Features Ceiling Fan(s), Solid Surface Counters
Heating 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 Gravel,Paved
Porch Covered, Deck
Road Frontage County Road
Garage No
Building
Lot Description Level
Foundation Slab
Sewer Septic Tank, Septic Permit On File
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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