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3747 Edge Park Drive

Sevierville, TN 37862
  • $1,700,000
  • STATUS: Active
  • ON SITE: 58 Days
  • ID#: 248126
$1,700,000
  • 4
    BEDS
  • 3.29
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 4,122
    SQFT
  • $412
    $/SQFT
Type:
Single-Family Home
Built:
2006
County:
Area:

School Ratings & Info

Listing courtesy of Tn Smoky Mtn Realty, Llc.


Description

Cabin business for sale! This 4 bedroom with bonus rooms cabin has been run solely as a business for the past few years. It has 2 masters on the main floor with the living room and kitchen. 2 stories below host the additional bedrooms, bathrooms, laundry room, game room, and theater room. The cabin is just minutes from Metcalf Bottoms in the National Park. This access allows for playing by the river, picnicking, wading, and the short drive over the mountain through the park to Gatlinburg. The income last year alone was $177K documented. The cabin would have brought in 190+ last year if not also used by the owner over the summer. Vacasa is managing the rental currently. Their model is rent for more per night. They are charging triple what the last management company did. The seller has been getting between $1,000 and $3,000 a night depending on the time of year. A little lower in the off-season. Because of that, the rental calendar never looks that full, but it brings in a lot of money. In the last couple of years, it has had a strong history of booking at the last minute for full price. January of 2022 cabin grossed 8945.47. Improvements to the business include the following: *New platform in the theater along with new theater seats. *New ceiling tiles in the theater. *New video game machines New 50 inch flatscreens in all of the bedrooms and 86 inch tv in the theater Replaced quite a few mattresses. *New couches upstairs *Resealed decks *New hot tub on the top level with hardcover (bear-proof) *Repaired exterior lighting *Trees trimmed back and removed to improve the view *Upgraded to UV water purifier *New water pump and bladder Business being sold so the seller can do a 1031 and purchase rentals closer to their perm residence. Seller is motivated and encourages all offers to be presented.

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Copyright 2022 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 2022-05-19T00:15:39.063.
www.realestatewithsuzanne.com/homes/126902836
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3747 Edge Park Drive Sevierville, TN 37862

  • Price: $1,700,000
  • Status: Active
  • On Site: 58 Days
  • ID#: 248126
4
Beds
6
Baths
0
½ Baths
3.29
Acres
4,122
SQFT
$412
$/SQFT
2006
Built
Neighborhood:
Chestnut Hills At The Park
County:
Sevier
Area:
Wears Valley
Property Description
Cabin business for sale! This 4 bedroom with bonus rooms cabin has been run solely as a business for the past few years. It has 2 masters on the main floor with the living room and kitchen. 2 stories below host the additional bedrooms, bathrooms, laundry room, game room, and theater room. The cabin is just minutes from Metcalf Bottoms in the National Park. This access allows for playing by the river, picnicking, wading, and the short drive over the mountain through the park to Gatlinburg. The income last year alone was $177K documented. The cabin would have brought in 190+ last year if not also used by the owner over the summer. Vacasa is managing the rental currently. Their model is rent for more per night. They are charging triple what the last management company did. The seller has been getting between $1,000 and $3,000 a night depending on the time of year. A little lower in the off-season. Because of that, the rental calendar never looks that full, but it brings in a lot of money. In the last couple of years, it has had a strong history of booking at the last minute for full price. January of 2022 cabin grossed 8945.47. Improvements to the business include the following: *New platform in the theater along with new theater seats. *New ceiling tiles in the theater. *New video game machines New 50 inch flatscreens in all of the bedrooms and 86 inch tv in the theater Replaced quite a few mattresses. *New couches upstairs *Resealed decks *New hot tub on the top level with hardcover (bear-proof) *Repaired exterior lighting *Trees trimmed back and removed to improve the view *Upgraded to UV water purifier *New water pump and bladder Business being sold so the seller can do a 1031 and purchase rentals closer to their perm residence. Seller is motivated and encourages all offers to be presented.
Exterior Features

Access County Road Construction LogLog Siding Exterior Features Private YardGuttersWooded Foundation Basement Garage Capacity 0.00 Garage Type None Roof Composition Style CabinLog

Interior Features

Appliances DryerMicrowaveElectric RangeSmoke DetectorDishwasherRefrigeratorWasher Basement Walk-Out Access Bonus Rooms Yes Cooling Heat Pump Fireplace Gas LogOne Heating Heat Pump Interior Features FurnitureRecreation RoomWalk-In Closet(S)Cathedral Ceiling(S)Large Master BedroomW/D ConnectionCeiling Fan(S)Great RoomSolid Surface Countertops Number Of Bonus Rooms 2 Sq Ft Above Grade 1402 Sq Ft Finished Basement 2720 Sq Ft Unfinished Basement 0 Stories Three Or More

Property Features

Annual Tax 2694.00 Construction Type Site Built District 06 Hoa YN No Lot Block Unit 15R&16R Miscellaneous Hot TubPrivateMountain View Occupancy Either Owner Financing No Proposed Financing CashConventional1031 Exchange Rental Off Site Residential Type Single Family Restrictive Covenants Yes Sewer Septic Permit On File Tax Year 2020 Water Shared WellWell Zoning R-1 Zoning Entity Sevier County

Copyright 2022 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Tn Smoky Mtn Realty, Llc | Office Phone: 8652802569 .

Copyright 2022 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 2022-05-19T00:15:39.063.
 
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Suzanne Walls with eXp Realty
200 E Broadway Ave Suite 504
Maryville TN, 37804
Listing courtesy of Tn Smoky Mtn Realty, Llc.