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Map
$839,999
↓ $35K (4%)
●
House -
For Sale
505 Chickasaw Gap Way
Pigeon Forge, TN 37863
5 Beds
5 Baths
2392 Sqft
$4,437
Estimated Monthly
$150
HOA / Fees
0.92%
Cap Rate
About This Property
5 Star Reviews on VRBO! Currently SELF managed under EVOLVE. 2021
Rental $114,686.76 2022 Rental $88,040.35. $86,657 for 2023. Huge
Upgrades & Maintenance done while they have owned it! 3 miles to
Dollywood! Minutes to Parkway, 10 min to downtown Gatlinburg!
Investor Note: close on this property in May and get rentals
for May/June/July before you need to make your first mortgage
payment. Buy now to get the summer rental income. This cabin is 3
miles to Dollywood and has the cabin experience while keeping your
guests close to the main area for activities! Great for families
who have children and may need diapers, Tylenol at night etc. Great
for church and business retreats. Sleeps 16. Situated in one
of Pigeon Forge's most sought-after subdivisions, prime location,
centrally positioned in town & easily accessible via a non-winding
road accessible throughout all seasons. Sold fully furnished. Every
bedroom has a bathroom. 7 flat-screen TVs w/ cable, farmhouse-style
dining table (seats 16- great for Thanksgiving rental), gable
window, 2 gas fireplaces, foosball table, arcade machine, pool
table. KITCHEN: Fully equipped w/ cooking basics, stainless steel
appliances, microwave, blender, drip + Keurig coffee maker, knife
set, ice maker, breakfast bar. Bedroom 1: King Bed, Bedroom 2: King
Bed, Bedroom 3: King Bed, Bedroom 4: Queen Bunk Beds, Bedroom 5:
Queen Bunk Beds, 4 Twin Bunks in basement. 2- story covered decks +
covered front porch, rocking chairs, gas grill, hot tub w/ cover,
community pool access (open seasonally).
The homeowners' dues are
$1700/year if you pay all at one time. If you pay monthly, it
totals $1800 or $150/month.
Currently SELF managed under EVOLVE. 2021 Rental $114,686.76 2022 Rental $88,040.35 In 2022 they changed management companies & switched back. They did lose some rental times when they switched over. Booked for $86,657 for 2023 but see attachment with Bear Tracts Management Company with their projections - estimate cabin could do $10,000 more*. REPAIRS HAVE BEEN DONE! Cabin has been highly maintained and many major items have been upgraded or replaced. LIST OF UPGRADES AND APPROVEMENTS!! - Installed gutters - All new windows - New shower tub on main floor - New bedroom fan on main floor & bed frame -New bedding for all beds - New oven, stove & microwave - New kitchen sink & added a garbage disposal - New stools at kitchen bar - Updated & restocked kitchen appliances, utensils, etc. - New living room tables & lamps -New big screen TV in living's room & replaced a couple of others - Replaced the gas burners in both fireplaces & timers - New stacked washer/dryer - Pool table re-felted - New stools in game room - PAC-Man machine refurbished - Updated front door keypad & installed deadbolt in game room door to the deck - New BBQ Grill -Replaced some rockers for decks - Replaced the posts supporting the bottom deck & poured cement pilings to support them *$13,300 -Sheeting under the house to protect from moisture / bugs - Repaired & Replaced the stucco *$12,000. - Replaced both HVACs - with regularly scheduled maintenance - New, brighter hall lights going down to the game room - New electrical circuit panel - New Washer / Dryer - stacked combo + ironing board & iron - New Hot Water Heater -4 twin bunk beds in the basement -Ceiling fans in each bedroom, living room, and dining room. -2 covered decks in addition to the covered porch. -Hot tub with cover.
*Please confirm all rental projections directly with Bear Tracts.
link for EVOLVE RENTAL LISTING
https://evolve.com/vacation-rentals/us/tn/pigeon-forge/438658?Property-Type=Cabin&queryID=cc11b8141325a9f165b790a9f7ce071e
The manager has listed the unit size as 2392 square feet.
Currently SELF managed under EVOLVE. 2021 Rental $114,686.76 2022 Rental $88,040.35 In 2022 they changed management companies & switched back. They did lose some rental times when they switched over. Booked for $86,657 for 2023 but see attachment with Bear Tracts Management Company with their projections - estimate cabin could do $10,000 more*. REPAIRS HAVE BEEN DONE! Cabin has been highly maintained and many major items have been upgraded or replaced. LIST OF UPGRADES AND APPROVEMENTS!! - Installed gutters - All new windows - New shower tub on main floor - New bedroom fan on main floor & bed frame -New bedding for all beds - New oven, stove & microwave - New kitchen sink & added a garbage disposal - New stools at kitchen bar - Updated & restocked kitchen appliances, utensils, etc. - New living room tables & lamps -New big screen TV in living's room & replaced a couple of others - Replaced the gas burners in both fireplaces & timers - New stacked washer/dryer - Pool table re-felted - New stools in game room - PAC-Man machine refurbished - Updated front door keypad & installed deadbolt in game room door to the deck - New BBQ Grill -Replaced some rockers for decks - Replaced the posts supporting the bottom deck & poured cement pilings to support them *$13,300 -Sheeting under the house to protect from moisture / bugs - Repaired & Replaced the stucco *$12,000. - Replaced both HVACs - with regularly scheduled maintenance - New, brighter hall lights going down to the game room - New electrical circuit panel - New Washer / Dryer - stacked combo + ironing board & iron - New Hot Water Heater -4 twin bunk beds in the basement -Ceiling fans in each bedroom, living room, and dining room. -2 covered decks in addition to the covered porch. -Hot tub with cover.
*Please confirm all rental projections directly with Bear Tracts.
link for EVOLVE RENTAL LISTING
https://evolve.com/vacation-rentals/us/tn/pigeon-forge/438658?Property-Type=Cabin&queryID=cc11b8141325a9f165b790a9f7ce071e
The manager has listed the unit size as 2392 square feet.
Unit Size
2,392Ft²
Days on Market
145 days
Land Size
0.10 acres
Price per sqft
$351
Property Type
House
Property Taxes
$162
HOA Dues
$150
Year Built
2003
Listed By
Last updated: 2 months ago (GSMARTN #267671)
Price History
Date / Event | Date | Event | Price |
---|---|---|---|
Mar 29, 2024 | Price Decreased |
$839,999
↓ $35K
(4%)
|
|
Price Decreased | |||
Mar 9, 2024 | Price Decreased |
$875,000
↓ $24K
(2.7%)
|
|
Price Decreased | |||
Feb 3, 2024 | Price Decreased |
$899,000
↓ $26K
(2.8%)
|
|
Price Decreased | |||
Dec 20, 2023 | Listed by Brandon Hannah Properties | $925,000 | |
Listed by Brandon Hannah Properties | |||
|
|||
3 miles to Dollywood! Sleeps 16. Situated in one of Pigeon Forge's
most sought-after subdivisions, prime location, centrally
positioned in town & easily accessible via non-winding road
accessible throughout all seasons. Sold fully furnished. Every
bedroom has a bathroom. 7 flat-screen TVs w/ cable, farmhouse-style
dining table (seats 16), gable window, 2 gas fireplaces, foosball
table, arcade machine, pool table. KITCHEN: Fully equipped w/
cooking basics, stainless steel appliances…
|
|||
Jan 14, 2020 | Sold to Michael S Archambo, Sharon ... | $530,000 | |
Sold to Michael S Archambo, Sharon ... |
Show More
Property Highlights
Fireplace
Air Conditioning
Interior Details
Interior Information
Deck
Fireplace Information
Fireplace
Exterior Details
Exterior Information
Log Siding
Wood Siding
Building Info
Overview
Building
Neighborhood
Zoning
Geography
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
House
5
Beds
5
Baths
2,600 ft²
$373/ft²
$970,000
Dec 12, 2023
-
$2,191/mo
In Contract
House
5
Beds
5
Baths
2,622 ft²
$379/ft²
$995,000
Nov 2, 2023
-
$1,796/mo
In Contract
House
5
Beds
5
Baths
2,567 ft²
$384/ft²
$984,900
Aug 15, 2023
-
$1,575/mo
Active
House
4
Beds
3
Baths
2,496 ft²
$352/ft²
$879,000
Aug 17, 2023
-
$2,454/mo
Active
House
4
Beds
5
Baths
2,064 ft²
$521/ft²
$1,075,000
Jun 28, 2023
-
$1,176/mo
About Pigeon Forge
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