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3747 Edge Park Drive

Sevierville, TN 37862
  • $1,700,000
  • STATUS: Active
  • ON SITE: 64 Days
  • ID#: 1184799
UPDATED: 32 min ago
$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

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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© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Tennessee Elite Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Tennessee Elite Realty. Data last updated: 2022-05-27T08:16:41.387.
www.tennesseeeliterealty.com/homes/126975163
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3747 Edge Park Drive Sevierville, TN 37862

  • Price: $1,700,000
  • Status: Active
  • On Site: 64 Days
  • Updated: 32 min ago
  • ID#: 1184799
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:
Sevierville
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

Attached Or Detached Type Detached Construction FrameLog Exterior Features Deck Garage Parking None Lot Description PrivateWooded Siding LogWood Style CabinLog Type Tri-Level View Mountain ViewSeasonal MountainWooded

Interior Features

Appliances DishwasherDryerMicrowaveRangeRefrigeratorSmoke DetectorWasher Basement Finished Basement YN Yes Bonus Room Yes Cooling Central Cooling Dining Area Kitchen/Dining Rm CoLiving Rm/Dining Rm Fireplace Type Gas Log Fireplace YN Yes Fireplaces 1.00 Floors HardwoodLaminate Fuel Electric Heat Heat Pump Misc Features Cathedral CeilingHot TubWalk-In ClosetsWasher/Dryer Connect Other Rooms 2nd Rec RoomBasement Rec RoomLaundry/Utility Rooms 9 Sq Ft Down Level 2720.00 Sq Ft Main Level 1402.00 Sq Ft Second Level 0.00 Sq Ft Third Level 0.00

Property Features

Auction YN No HOA No Lot 15R&16R New Financing CashConventionalExchange Property Status N/A Residential Sub Type Residential Restrictions Yes Site Built Yes Sq Ft Source Tax Records Total Tax 1809.32

Listing information © 2022 Knoxville Area Association of REALTORS®, Inc.
Listing provided courtesy of Tn Smoky Mtn Realty.


© 2022 Knoxville Area Association of REALTORS®, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings displayed may not belong to Tennessee Elite Realty. Information is deemed reliable but is not guaranteed accurate by the MLS or Tennessee Elite Realty. Data last updated: 2022-05-27T08:16:41.387.
 
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Tennessee Elite Realty
621 Wall St.
Sevierville TN, 37862