$750,000
$839,999
10.7%For more information regarding the value of a property, please contact us for a free consultation.
505 Chickasaw Gap WAY Pigeon Forge, TN 37863
5 Beds
5 Baths
2,392 SqFt
Key Details
Sold Price $750,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,392 sqft
Price per Sqft $313
Subdivision Arrowhead Resort
MLS Listing ID 267671
Sold Date 06/24/24
Style Cabin,Log
Bedrooms 5
Full Baths 5
HOA Fees $150/mo
HOA Y/N Yes
Abv Grd Liv Area 1,456
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 2003
Annual Tax Amount $1,942
Tax Year 2022
Lot Size 4,356 Sqft
Acres 0.1
Property Description
5 Star Reviews on VRBO! Currently SELF managed under EVOLVE. 2021 Rental $114,686.76 2022 Rental $88,040.35. $86,657 for 2023. Huge Upgrades & Maintenance done while they have owned it! 3 miles to Dollywood! Minutes to Parkway, 10 min to downtown Gatlinburg! Investor Note: close on this property in May and get rentals for May/June/July before you need to make your first mortgage payment. Buy now to get the summer rental income. This cabin is 3 miles to Dollywood and has the cabin experience while keeping your guests close to the main area for activities! Great for families who have children and may need diapers, Tylenol at night etc. Great for church and business retreats. Sleeps 16. Situated in one of Pigeon Forge's most sought-after subdivisions, prime location, centrally positioned in town & easily accessible via a non-winding road accessible throughout all seasons. Sold fully furnished. Every bedroom has a bathroom. 7 flat-screen TVs w/ cable, farmhouse-style dining table (seats 16- great for Thanksgiving rental), gable window, 2 gas fireplaces, foosball table, arcade machine, pool table. KITCHEN: Fully equipped w/ cooking basics, stainless steel appliances, microwave, blender, drip + Keurig coffee maker, knife set, ice maker, breakfast bar. Bedroom 1: King Bed, Bedroom 2: King Bed, Bedroom 3: King Bed, Bedroom 4: Queen Bunk Beds, Bedroom 5: Queen Bunk Beds, 4 Twin Bunks in basement. 2- story covered decks + covered front porch, rocking chairs, gas grill, hot tub w/ cover, community pool access (open seasonally). The homeowners' dues are $1700/year if you pay all at one time. If you pay monthly, it totals $1800 or $150/month.
Currently SELF managed under EVOLVE. 2021 Rental $114,686.76 2022 Rental $88,040.35 In 2022 they changed management companies & switched back. They did lose some rental times when they switched over. Booked for $86,657 for 2023 but see attachment with Bear Tracts Management Company with their projections - estimate cabin could do $10,000 more*. REPAIRS HAVE BEEN DONE! Cabin has been highly maintained and many major items have been upgraded or replaced. LIST OF UPGRADES AND APPROVEMENTS!! - Installed gutters - All new windows - New shower tub on main floor - New bedroom fan on main floor & bed frame -New bedding for all beds - New oven, stove & microwave - New kitchen sink & added a garbage disposal - New stools at kitchen bar - Updated & restocked kitchen appliances, utensils, etc. - New living room tables & lamps -New big screen TV in living's room & replaced a couple of others - Replaced the gas burners in both fireplaces & timers - New stacked washer/dryer - Pool table re-felted - New stools in game room - PAC-Man machine refurbished - Updated front door keypad & installed deadbolt in game room door to the deck - New BBQ Grill -Replaced some rockers for decks - Replaced the posts supporting the bottom deck & poured cement pilings to support them *$13,300 -Sheeting under the house to protect from moisture / bugs - Repaired & Replaced the stucco *$12,000. - Replaced both HVACs - with regularly scheduled maintenance - New, brighter hall lights going down to the game room - New electrical circuit panel - New Washer / Dryer - stacked combo + ironing board & iron - New Hot Water Heater -4 twin bunk beds in the basement -Ceiling fans in each bedroom, living room, and dining room. -2 covered decks in addition to the covered porch. -Hot tub with cover.
*Please confirm all rental projections directly with Bear Tracts.
link for EVOLVE RENTAL LISTING
https://evolve.com/vacation-rentals/us/tn/pigeon-forge/438658?Property-Type=Cabin&queryID=cc11b8141325a9f165b790a9f7ce071e
Location
State TN
County Sevier
Zoning C-1
Direction From the Parkway in Pigeon Forge at Traffic Light#6, turn onto Pine Mountain Road. Go to the 4 Way stop and proceed straight ahead for 0.2M. Turn L onto Mid Valley Drive then R onto Choctaw Hill Way. Go 0.1M to L onto Chickasaw Gap Way. Cabin is on the R.
Rooms
Other Rooms true
Basement Basement, Full, Partially Finished
Kitchen true
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fan(s), Eat-in Kitchen, Granite Counters, Great Room, High Speed Internet, Kitchen Island, Kitchen/Dining Combo, Living/Dining Combo
Heating Central, Zoned
Cooling Central Air, Electric, Zoned
Flooring Tile, Wood
Fireplaces Number 1
Fireplaces Type Gas Log
Equipment Intercom
Fireplace Yes
Window Features Double Pane Windows,Window Treatments
Appliance Dishwasher, Disposal, Dryer, Electric Cooktop, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Laundry Electric Dryer Hookup, Laundry Closet, Lower Level, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Parking Features Driveway, Paved, Private
Pool Hot Tub
Utilities Available Cable Connected, Electricity Connected, High Speed Internet Connected, Internet Connected, Sewer Connected
Amenities Available Pool
View Y/N No
Roof Type Metal
Street Surface Paved
Porch Covered, Deck, Porch
Road Frontage Private Road
Garage No
Building
Lot Description Views, Wooded
Story 3
Sewer Public Sewer
Water Public
Architectural Style Cabin, Log
Structure Type Frame,Log,Log Siding,Wood Siding
New Construction No
Others
Security Features Smoke Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional, FHA, VA Loan
Listing Terms 1031 Exchange, Cash, Conventional, FHA, VA Loan
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