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69
Photos
1940 Wears Valley Road, Sevierville, TN 37862
$4,500,000 Asking Price
$---/mo Est. Payment Get Prequalified »
7
beds
16
baths
10,578
sqft
Built in
1968
PRIME INVESTMENT OPPORTUNITY!! OWN YOUR OWN TURNKEY CABIN DEVELOPMENT SURROUNDED BY A RUSHING MOUNTAIN STREAM (COVE CREEK) WITH 5 LUXURY INCOME PRODUCING SHORT TERM RENTAL CABINS RANGING BEING SOLD FULLY FURNISHED SITTING ON 20.60 ACRES IN THE PIGEON FORGE, TN AREA WITH ROOM TO EXPAND AND BUILD ADDITIONAL CABINS! GROSS INCOME FOR 2021 WAS $374,989. Two additional build sites that had cabins ready to rebuild already have septic and potential of 8 additional build sites on the additional acreage! You can't beat this location only minutes to Pigeon Forge attractions, Dollywood, Gatlinburg, and the Smoky Mountains National Park. Easy access location NO STEEP ROADS and highly visible location. Fronts Wears Valley Rd. with its own private road into the development. Enjoy the picturesque setting and chance to develop and have a portfolio of approx. 15+ cabins! Nicely paved roads to access. The possibilities are endless- the sky is the limit! Must see! Cabins are currently being rented on the overnight rental program as follows: 1BR, 3BR, 7BR, 4BR, and 3BR. CHECK OUT THE VIRTUAL TOUR OF THE PROPERTY!!
Features & Amenities
Interior
- General:
- Cathedral Ceiling(s), Ceiling Fan(s), Great Room, Solid Surface Counters
- Appliances:
- Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Self Cleaning Oven, Washer
- Laundry:
- Electric Dryer Hookup, Washer Hookup
- Basement:
- Basement, Finished, Walk-Out Access
- Flooring:
- Wood
- A/C:
- true, Central Air, Heat Pump
- Heating:
- true, Central, Heat Pump
Exterior
- Style:
- Cabin, Log
- Pool:
- Hot Tub
- Parking:
- Driveway, Paved, Private
Construction
- Roofing:
- Composition, Metal
- General:
- Frame, Log Siding, Wood Siding, Two
Location
- Road/Access:
- Gravel, Paved
- Originating MLS:
- Great Smoky Mountains Association of REALTORS®
- County:
- Sevier
Lot
- Zoning:
- R-1, 104 010.00
- View:
- Seasonal
Utilities
- Water:
- Well
- Sewer:
- Septic Tank
Financial
- Source:
- Great Smoky Mountains Association of REALTORS®
- NA Compensation:
- The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
This listing courtesy of:
Tennessee Elite Realty
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Sevierville, TN
Housing
- Number of Units
- 33,362
- Median Home Value
- $204,918
- Median Rent
- $668
29.15% of housing units are renter occupied.
28.79% are vacant.
Commute
- Car
-
86.76%
- Public Transportation
-
0.71%
- Walk to Work
-
0.54%
- Work from Home
-
10.69%
- Other
-
0.44%
The median travel time to work is 24 minutes.
People
- Population
- 58,372
- Median Age
- 43.40
- Median Household Size
- 2.70
Education
- High School
-
38.63%
- Associate’s Degree
-
7.21%
- Bachelor’s Degree
-
13.01%
- Graduate Degree
-
5.72%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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