1311 Grace Way, Sevierville, TN 37876

$2,567,000
11
BD
7
BA
6,324
SqFt
List Price
$2,567,000
Status
ACTIVE
MLS#
242076
Bedrooms
11
Full-baths
7
Sq. Ft
6,324
Acres
6.24
Year Built
1996
Subdivision
Myers Property

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.

Additional Information

Price Per Sqft
$405
Days on Market
146
Annual Tax
389
Tax Year
2019
Style
Cabin
Stories
One & Half
Interior Features
Walk-In Closet, Wood Floors, Cathedral Ceiling, W/D Connection, Ceiling Fan(s), Great Room, Loft
Exterior Features
Deck, Level Lot, Double Pane Windows, Surfaced Drive, Wooded, Gutters, Private Yard
Appliances
Refrigerator, Dishwasher
Foundation
Crawl Space
Construction
Vinyl Siding, Log, Stucco
Construction Type
Site Built
Roof
Composition
Garage Spaces
2
Garage Type
Attached Garage
Fireplace Type
Pre-Fabricated, 3 or More, Woodburning, Insert
Heating
Central
Cooling
Central Electric
Sewer
Septic Permit Not Found, Septic System
Water
Well

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of eXp Realty, LLC Sevierville.

Equal Housing Opportunity. All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. All content Copyright 1998-2021 Great Smoky Mountains Association of Realtors. All rights reserved. Last updated .