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    1520 Rainbow Ridge Way

    Sevierville, TN 37862
    • $999,999
    • STATUS: Active Under Contract
    • ON SITE: 42 days
    • ID#: 243237
    Under Contract
    UPDATED: 25 min ago
    $999,999
    • 7
      BEDS
    • N/A
      ACRES
    • 7
      BATHS
    • 1
      1/2 BATHS
    • 3,236
      SQFT
    • $309
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    2006
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Tennessee Mountain Real Estate, Llc.


    Description

    LOCATION!!! Huge, income producing cabin with amazing location. This 7 bedroom 7 1/2 bath cabin is just a short drive off of the Parkway near the Tanger shopping outlets. Gross earnings of $94k already on the books for 2021. Walking into the main level you are welcomed with tall cathedral ceilings, open concept living room and kitchen, and 2 Master Suites. Downstairs is a party paradise with 2 master suites, 1 bunk room suite, and a fully equipped game room. Upstairs will be 2 additional Master Suites. The cabin can sleep 20 guests on the rental program. The cabin grossed $85k in 2019 and $66k in 2020 (multiple cancellations due to COVID). With the size, amazing location, and established rentals, this cabin is sure to make a great addition to your portfolio. You can see the cabin's heavily booked calendar at the website below. https://www.cabinsofthesmokymountains.com/pigeon-forge-cabin-rental/Lantern_Hill_Lodge.html

    Monthly Payment Calculator

    Copyright 2021 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Suzanne Walls with eXp Realty. Information deemed reliable but not guaranteed. Last updated 2021-07-30T21:15:32.857.
    www.realestatewithsuzanne.com/homes/118382905
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    1520 Rainbow Ridge Way Sevierville, TN 37862

    • Price: $999,999
    • Status: Active Under Contract
    • Updated: 25 min ago
    • ID#: 243237
    7
    Beds
    7
    Baths
    1
    ½ Baths
    N/A
    Acres
    3,236
    SQFT
    $309
    $/SQFT
    2006
    Built
    Neighborhood:
    Rainbow Ridge
    County:
    Sevier
    Area:
    Sevierville
    Property Description
    LOCATION!!! Huge, income producing cabin with amazing location. This 7 bedroom 7 1/2 bath cabin is just a short drive off of the Parkway near the Tanger shopping outlets. Gross earnings of $94k already on the books for 2021. Walking into the main level you are welcomed with tall cathedral ceilings, open concept living room and kitchen, and 2 Master Suites. Downstairs is a party paradise with 2 master suites, 1 bunk room suite, and a fully equipped game room. Upstairs will be 2 additional Master Suites. The cabin can sleep 20 guests on the rental program. The cabin grossed $85k in 2019 and $66k in 2020 (multiple cancellations due to COVID). With the size, amazing location, and established rentals, this cabin is sure to make a great addition to your portfolio. You can see the cabin's heavily booked calendar at the website below. https://www.cabinsofthesmokymountains.com/pigeon-forge-cabin-rental/Lantern_Hill_Lodge.html
    Exterior Features

    Access City Street Construction Log Exterior Features DeckLevel Lot Foundation Basement Garage Capacity 0.00 Garage Type None Roof Metal Style Cabin

    Interior Features

    Appliances DryerRefrigeratorWasherElectric RangeMicrowaveDishwasher Attic Access Only Basement Finished-All Bonus Rooms Yes Cooling Central Electric Fireplace Gas Log Heating Central Interior Features FurnitureRecreation RoomWood FloorsCathedral CeilingLarge Master BedroomW/D ConnectionGreat Room Number Of Bonus Rooms 1 Number Of Rooms 16 Sq Ft Above Grade 1956 Sq Ft Finished Basement 1280 Sq Ft Unfinished Basement 0 Stories Three Or More

    Property Features

    Annual Tax 1447.08 Construction Type Site Built District 05 Hoa Fees 100.00 Hoa Fees Payment Frequency Monthly Hoa Includes Common Area InsuranceMaintenance Grounds Hoa Name Rainbow Ridge Owners Association Hoa Type Mandatory Hoa YN Yes Lot Block Unit 6/1 Miscellaneous Hot TubPlanned Unit DevelopmentSeasonal ViewCable Tv Occupancy Either Owner Financing No Proposed Financing CashConventional Rental Rental History Residential Type Single Family Restrictive Covenants Yes Sewer Public Sewer Tax Year 2019 Water Utility Available Zoning R-1 Zoning Entity Sevier County

    Copyright 2021 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Tennessee Mountain Real Estate, Llc | Office Phone: 8659808830 .

    Copyright 2021 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Suzanne Walls with eXp Realty. Information deemed reliable but not guaranteed. Last updated 2021-07-30T21:15:32.857.
     
    https://bt-photos.global.ssl.fastly.net/gsmar/orig_boomver_1_243237-2.jpg https://bt-photos.global.ssl.fastly.net/gsmar/orig_boomver_1_243237-2.jpg https://bt-photos.global.ssl.fastly.net/gsmar/orig_boomver_1_243237-2.jpg
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    Suzanne Walls with eXp Realty
    200 E Broadway Ave Suite 504
    Maryville TN, 37804
    Listing courtesy of Tennessee Mountain Real Estate, Llc.