$975,000
$999,999
2.5%For more information regarding the value of a property, please contact us for a free consultation.
1520 Rainbow Ridge WAY Sevierville, TN 37862
7 Beds
8 Baths
3,236 SqFt
Key Details
Sold Price $975,000
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 3,236 sqft
Price per Sqft $301
Subdivision Rainbow Ridge
MLS Listing ID 1156867
Sold Date 10/22/21
Style Cabin
Bedrooms 7
Full Baths 7
Half Baths 1
HOA Fees $100/mo
Originating Board East Tennessee REALTORS® MLS
Year Built 2006
Lot Size 435 Sqft
Acres 0.01
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.
Location
State TN
County Sevier County - 27
Area 0.01
Rooms
Family Room Yes
Other Rooms Basement Rec Room, LaundryUtility, Bedroom Main Level, Family Room, Mstr Bedroom Main Level
Basement Finished
Interior
Interior Features Cathedral Ceiling(s), Eat-in Kitchen
Heating Central, Electric
Cooling Central Cooling
Flooring Laminate, Carpet, Hardwood
Fireplaces Number 4
Fireplaces Type Gas Log
Fireplace Yes
Appliance Dishwasher, Dryer, Refrigerator, Microwave, Washer
Heat Source Central, Electric
Laundry true
Exterior
Exterior Feature Porch - Covered, Deck, Balcony
Parking Features Designated Parking
Garage Description Designated Parking
View Country Setting
Garage No
Building
Lot Description Zero Lot Line, Level
Faces From Downtown Sevierville, TN Take Veterans Blvd and Ridge Rd to Rainbow Rd 8 min (4.3 mi) Continue on Rainbow Rd. Drive to Rainbow Ridge Way 2 min (0.6 mi) Arrive at 1520 Rainbow Ridge Way Sevierville, TN 37862
Sewer Public Sewer
Water Public
Architectural Style Cabin
Structure Type Log
Others
HOA Fee Include Grounds Maintenance
Restrictions Yes
Tax ID 072K D 001.00 006
Energy Description Electric
Acceptable Financing New Loan, Cash, Conventional
Listing Terms New Loan, Cash, Conventional
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