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2229 Lones Branch LN Sevierville, TN 37876
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Key Details
Sold Price $607,500
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,376 sqft
Price per Sqft $441
Subdivision Panther Knob Est
MLS Listing ID 257114
Sold Date 06/08/23
Style Cabin,Log
Bedrooms 1
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 1,376
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 1996
Annual Tax Amount $915
Tax Year 2022
Lot Size 1.020 Acres
Acres 1.02
Property Description
*Multiple Offers. Highest and best due by Sunday, May 7th 2023 at 6pm.* Check out this cash flowing STR cabin! Great investment opportunity with no HOA and minimal overhead. This property consistently generates returns at 14-17% based on the gross income:list price. These are great numbers and hard to achieve in todays market. Property does amazing on AirBnb with almost 200 reviews. The cabin sits on just over an acre of usable land. The outdoor area has a great putt putt golf course that guest love, horseshoes, and a fire-pit to sit around on a cool night. The property features 1 bedroom and 2 full baths. The main level offers a full kitchen with granite counter tops, living room with stacked stone gas fireplace, Coffee table/foosball combo, sit-down multicade game system, and the bedroom and full bath. The upstairs area offers a pool table, trundle bed that provides two twin mattresses, flat screen TV, and full bathroom. The outdoor deck space features the covered hottub area, flat screen TV, and additional seating. This property generates 90-100k in gross rents for both 2021 and 2022 and has a great following. **The grandfather clock DOES NOT convey in the sale**
Location
State TN
County Sevier
Zoning R-1
Direction From the Pigeon Forge parkway, go to light #8 and then onto Dollywood Lane for 0.2 miles. At the light, take a right onto Dollywood Ln/Upper Middle Creek for 2.3 miles. Take a left onto Walker Trail for 1 mile and then a right onto Lones Branch Ln for 0.1 miles. Take a left onto Lones Branch Ln for 0.7 miles and the cabin will be on the left: Putt-Putt Hideaway.
Rooms
Basement Crawl Space, None
Interior
Interior Features Ceiling Fan(s), High Speed Internet, Soaking Tub, Solid Surface Counters
Heating Electric, Heat Pump
Cooling Electric, Heat Pump
Flooring Wood
Fireplaces Number 1
Fireplaces Type Gas Log
Equipment Satellite Dish Leased
Fireplace Yes
Window Features Window Treatments
Appliance Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer, Water Purifier, Water Softener Owned
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Rain Gutters, Storage
Garage Driveway, Paved, Private
Pool Hot Tub
Utilities Available Cable Available
Waterfront No
Roof Type Metal
Street Surface Paved
Porch Deck
Road Frontage County Road
Parking Type Driveway, Paved, Private
Garage No
Building
Lot Description Private, Wooded
Sewer Septic Tank, Septic Permit Not Found
Water Well
Architectural Style Cabin, Log
Structure Type Block,Log,Log Siding,Stone
Others
Security Features Smoke Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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