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Pigeon Forge 37863
623 Country Oaks Drive
$518,000 - $632,000
House - In Contract

623 Country Oaks Drive

Pigeon Forge, TN 37863
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1000 Sqft
Sold Dec 15, 2021
$402,000
$321,600 by Homebridge Financial Services
Mortgage Due Dec 01, 2051
Sold May 02, 2019
$328,350
$236,340 by First Harrison Bank
Mortgage Due May 01, 2049

About This Property

Welcome to your next lucrative investment opportunity nestled in the heart of Pigeon Forge, TN, at the foothills of the majestic Great Smoky Mountains. This cash cow of a property is an investor's dream, boasting a prime location just a short 3-minute drive to the main parkway.

This short-term rental investment cabin has proven to be a consistent earner, with a solid rental history documented from 2022-2023, exemplified in the provided photo images. In 2023 alone, it generated an impressive $71k in revenue as a self-managed Airbnb rental, showcasing its profitability. Be sure to check out the link provided, where you'll find a plethora of glowing 5-star reviews from satisfied guests.

The owners have recently made a significant upgrade by replacing the HVAC system in 2023, ensuring optimal comfort for guests year-round. Unlike many properties in the area, this gem is not part of any homeowners association, granting you freedom and flexibility in managing your investment. Ample parking ensures convenience for guests, a rare find in this bustling tourist destination.

Guests rave about the cabin's amenities, including a fireplace in each bedroom, a rejuvenating hot tub, and an arcade for endless entertainment. The fully equipped kitchen invites guests to channel their inner chef and whip up delicious meals to savor together.

With just a quick 3-minute drive, you'll find yourself on the main parkway, where all the area's attractions, dining, and entertainment await. For those eager to explore further, the Great Smoky Mountains National Park beckons with its breathtaking natural beauty and endless outdoor adventures.

To truly appreciate all that this investment property has to offer, we invite you to experience a full video tour. Simply type the address into YouTube, and you'll discover an immersive glimpse into the endless potential of this listing. Don't miss out on this exceptional opportunity to own a profitable piece of paradise in Pigeon Forge!

https://www.airbnb.com/rooms/53648958?adults=1&viralityEntryPoint=1&s=76&unique_share_id=FA1373AC-EEFE-48E6-8896-F31DBA77442B&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0zKS9LLTdX3LTPICkgqK0%2FxSAIA3ky3NxsAAAA%3D&_branch_match_id=609637561&source_impression_id=p3__62%2BHSGQAz00i5K8F

The manager has listed the unit size as 1000 square feet.
Unit Size
1,000Ft²
Days on Market
-
Land Size
1.11 acres
Price per sqft
$575
Property Type
House
Property Taxes
$1,097
HOA Dues
-
Year Built
1994
Listed By
Jennie Ooten
United Real Estate Solutions

Price History

Date / Event Date Event Price
Apr 18, 2024 In contract -
In contract
Apr 12, 2024 Relisted $575,000
Relisted
Mar 29, 2024 In contract -
In contract
Feb 26, 2024 Listed $575,000
Listed
Dec 15, 2021 Sold to Leeyung Chase Meloney, Sara... $402,000
Sold to Leeyung Chase Meloney, Sara...
Show More

Property Highlights

Air Conditioning
With View
Interior Details

Interior Information

Deck
Exterior Details

Exterior Information

Block
Log Siding
Wood Siding

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1999
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: Average
  • Building Quality: B+
  • Building Style: Custom
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Full basement
  • Basement Area: 1,000
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 48,352
  • Total Building Area: 2,000
  • Gross Building Area: 2,000
  • Building Area: 2,000
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,000
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: None
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Subdivision: COUNTRY OAKS 2
  • Land Acres: 1.11
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: COUNTRY OAKS 2 PB 24 PG 219 LOT 1

Ownership

  • Current Owner : MELONEY LEEYUNG CHASE
  • Current Owner 2: MELONEY SARA
  • Previous Owner : DAVIS GEOFFREY TODD
  • Previous Owner 2: DAVIS BRENDA A
  • Owner Before Previous Owner: BROOKS PROPERTIES LLC

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78576
  • Census Tract: 081002

Zoning

  • Zoning: R-2

Geography

  • Assessors Map Reference: 094A
  • District: 05
  • Parcel: 094A-A-001.00
  • Lot: 1
  • Municipality: PIGEON FORGE
  • Latitude: 35.7923
  • Longitude: -83.5808

    Address

  • Full Address: 623 Country Oaks Dr
  • Address - House Number: 623
  • Address - Street Name: Country Oaks
  • Address - Suffix Type: Dr
  • State: TN
  • City Name: Pigeon Forge
  • Zip Code: 37863

Valuation

    Tax

  • Total Area: 1,000
  • Tax Year: 2023
  • Tax Amount: $3,158
  • Tax Rate Code Area: 78A02

    Appraisal Valuation

  • Standard Deviation: 0.4591
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 8
  • Final Value: 476,985
  • High Value: 695,985
  • Low Value: 257,984

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $321,600
  • First Open Lien Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Open Lien Mortgage Recording Date: Dec 15, 2021
  • First Open Lien Mortgage Loan Amount: $321,600
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Dec 01, 2051

    Market Valuation

  • Market Total Value: $266,800
  • Market Land Value: $50,000
  • Market Improvement Value: $216,800

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $106,720
  • Assessed Land Value: $20,000
  • Assessed Improvements Value: $86,720

    Sales

  • Current Sale Contract Date: Dec 09, 2021
  • Current Sale Recording Date: Dec 15, 2021
  • Current Sale Transaction ID: 11874460977
  • Current Sale Price: $402,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21048149
  • Previous Sale Recording Date: May 02, 2019
  • Previous Sale Contract Date: May 01, 2019
  • Previous Sale Amount: $328,350
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: HOMEBRIDGE FINANCIAL SERVICES
  • First Mortgage Transaction Date: Dec 15, 2021
  • First Mortgage Loan Amount: $321,600
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Dec 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: FIRST HARRISON BANK
  • Previous Mortgage Transaction Date: May 02, 2019
  • Previous Mortgage Loan Amount: $236,340
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: May 01, 2049

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
2 Baths
1,008 ft²
$496/ft²
$499,900 May 24, 2023
-
$125/mo
House
1 Bed
1.5 Baths
800 ft²
$625/ft²
$500,000 Feb 5, 2024
-
$120/mo
In Contract
House
1 Bed
1.5 Baths
716 ft²
$663/ft²
$475,000 Mar 18, 2024
-
$312/mo
House
1 Bed
2 Baths
1,624 ft²
$415/ft²
$674,500 Apr 8, 2024
-
$299/mo
Other
Loft
2 Baths
903 ft²
$637/ft²
$575,000 Oct 10, 2023
-
$1,318/mo
In Contract
Other
Loft
2 Baths
1,496 ft²
$451/ft²
$674,900 Feb 16, 2024
-
$883/mo
Other
Loft
2 Baths
1,500 ft²
$447/ft²
$670,000 Mar 11, 2024
-
$1,906/mo
In Contract
Other
Loft
3 Baths
2,489 ft²
$211/ft²
$525,000 Jan 18, 2024
-
$1,041/mo

About Pigeon Forge


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Frequently Asked Questions

When was property at 623 Country Oaks Drive built and last sold?
The property at 623 Country Oaks Drive was built in 1994 and last sold on Dec 9, 2021 for $402,000.
How much is this home worth?
The estimated value of the home located at 623 Country Oaks Drive is $557,685.
What are some comparable homes to 623 Country Oaks Drive?
Homes that are comparable to 623 Country Oaks Drive include a house property at 719 Kings Hills Boulevard, 2919 Peregrine Way, 332 Woodridge Way.

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