$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 Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 1,960 sqft
Price per Sqft $260
Subdivision Majestic View
MLS Listing ID 1215568
Sold Date 03/24/23
Style Cottage,Craftsman,Chalet
Bedrooms 3
Full Baths 3
Originating Board East Tennessee REALTORS® MLS
Year Built 2022
Lot Size 1.020 Acres
Acres 1.02
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 County - 39
Area 1.02
Rooms
Other Rooms Bedroom Main Level, Mstr Bedroom Main Level
Basement Slab
Interior
Interior Features Eat-in Kitchen
Heating Heat Pump
Cooling Central Cooling, Ceiling Fan(s)
Flooring Hardwood, Tile
Fireplaces Number 1
Fireplaces Type Electric
Fireplace Yes
Appliance Dishwasher, Dryer, Smoke Detector, Refrigerator, Microwave, Washer
Heat Source Heat Pump
Exterior
Exterior Feature Porch - Covered, Deck
Parking Features Designated Parking, Off-Street Parking
Garage Description Off-Street Parking, Designated Parking
View Mountain View
Garage No
Building
Lot Description Level
Faces 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.
Sewer Septic Tank
Water Well
Architectural Style Cottage, Craftsman, Chalet
Structure Type Fiber Cement,Cement Siding,Cedar,Frame,Brick
Others
Restrictions No
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