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1311 Grace Way

Sevierville, TN 37876
  • $2,567,000
  • STATUS: Active
  • ON SITE: 214 Days
  • ID#: 242076
UPDATED: 27 min ago
$2,567,000
  • 11
    BEDS
  • 6.24
    ACRES
  • 7
    BATHS
  • 0
    1/2 BATHS
  • 6,324
    SQFT
  • $406
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1996
County:
Area:

School Ratings & Info

Listing courtesy of Exp Realty, Llc Sevierville.


Description

Cabin Community for sale just off Pullen Road! 5 cabins, 1 traditional home. Live in the primary, rent out the rest and build more! Based on the location, size, style, and design, there is no reason $35K per year per unit would be unreasonable. Plus, a 3/2 primary w garage and storage. Plus additional property to build at least 2 more cabins for overnight rental. That should generate $245,000 per year plus the house to live in! SWEET!! The property has approximately 6.2acres+/- with underground power, well, and septic. There are several outbuildings and storage areas to also convey. FYI: Only one septic permit has been found so far.1311 Grace Way and 1311 Ina Grace Way have been both used as the addresses for both tracts and all the homes and cabins on this property. We are conferring with 911 addressing to decipher the correct address' to help eliminate the confusion and possibly find more septic permits and match up the one we have. The units have been long-term rentals since purchased by the current owner in 2013. There is not any rental history.

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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 Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2021-11-27T15:15:32.68.
www.smokymtnhomeinfo.com/homes/116465185
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1311 Grace Way Sevierville, TN 37876

  • Price: $2,567,000
  • Status: Active
  • On Site: 214 Days
  • Updated: 27 min ago
  • ID#: 242076
11
Beds
7
Baths
0
½ Baths
6.24
Acres
6,324
SQFT
$406
$/SQFT
1996
Built
Neighborhood:
Myers Property
County:
Sevier
Area:
Sevierville
Property Description
Cabin Community for sale just off Pullen Road! 5 cabins, 1 traditional home. Live in the primary, rent out the rest and build more! Based on the location, size, style, and design, there is no reason $35K per year per unit would be unreasonable. Plus, a 3/2 primary w garage and storage. Plus additional property to build at least 2 more cabins for overnight rental. That should generate $245,000 per year plus the house to live in! SWEET!! The property has approximately 6.2acres+/- with underground power, well, and septic. There are several outbuildings and storage areas to also convey. FYI: Only one septic permit has been found so far.1311 Grace Way and 1311 Ina Grace Way have been both used as the addresses for both tracts and all the homes and cabins on this property. We are conferring with 911 addressing to decipher the correct address' to help eliminate the confusion and possibly find more septic permits and match up the one we have. The units have been long-term rentals since purchased by the current owner in 2013. There is not any rental history.
Exterior Features

Access Private DriveCounty RoadPrivate RoadPaved Construction Vinyl SidingLogStucco Exterior Features DeckLevel LotDouble Pane WindowsSurfaced DriveWoodedGuttersPrivate Yard Foundation Crawl Space Garage Capacity 2.00 Garage Type Attached Garage Roof Composition Style Cabin

Interior Features

Appliances RefrigeratorDishwasher Basement None Bedroom2 Comments 1 1/2 Story Bedroom3 Comments 1 1/2 Story Bedroom4 Comments 1 1/2 Story Bonus Rooms Yes Cooling Central Electric Fireplace Pre-Fabricated3 Or MoreWoodburningInsert Heating Central Interior Features Walk-In ClosetWood FloorsCathedral CeilingW/D ConnectionCeiling Fan(S)Great RoomLoft Kitchen Comments 1 1/2 Story Master Bedroom Comments 1 1/2 Story Master Bedroom Size Cabin 1-1170 Sq Ft Above Grade 6324 Sq Ft Finished Basement 0 Sq Ft Unfinished Basement 0 Stories One And One Half

Property Features

Annual Tax 389.00 Construction Type Site Built District 4 Financial Remarks Cash To Seller At Closing Hoa YN No Lot Block Unit Po2 Occupancy Either Owner Financing No Proposed Financing CashConventional1031 Exchange Residential Type Single Family Restrictive Covenants Yes School Bus Service Sevierville Primary K-2Sevierville Middle 6-8Sevier Co High School 9-12Sevierville Intermediate 3-5 Sewer Septic Permit Not FoundSeptic System Tax Year 2019 Water Well Zoning R-1 Zoning Entity Sevierville

Copyright 2021 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Exp Realty, Llc Sevierville | Office Phone: 8654295517 .

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 Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2021-11-27T15:15:32.68.
 
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Prime Mountain Properties
807 Dolly Parton Pkwy
Sevierville TN, 37862
Listing courtesy of Exp Realty, Llc Sevierville.