$499,000
$489,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
861 Dry Valley RD Townsend, TN 37882
2 Beds
2 Baths
1,440 SqFt
Key Details
Sold Price $499,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,440 sqft
Price per Sqft $346
MLS Listing ID 255081
Sold Date 01/13/23
Style Cabin,Log
Bedrooms 2
Full Baths 2
HOA Y/N No
Abv Grd Liv Area 960
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 1991
Annual Tax Amount $1,063
Tax Year 2022
Lot Size 0.550 Acres
Acres 0.55
Property Sub-Type Single Family Residence
Property Description
Welcome to your cozy mountain getaway in the peaceful side of the smokies! This two bedroom cabin has been fully updated and has been a very popular short term rental this year. This cabin is truly unique as it has the charm of real wood logs, mixed with todays popular modern farmhouse style. On the main level there is a living room with beautiful vaulted ceilings, a full bathroom, and an open and bright kitchen. You can also access the wrap around porch from the living room. The wrap around porch is also screened in on the rear of the cabin, perfect for relaxing or enjoying a game of corn hole. Upstairs in the loft is bedroom one which has a king bed and plenty of space to spread out. Downstairs is bedroom two which has a queen bed, a large walk in closet for extra storage space, a full bathroom, and an open rec room area which currently has a custom barrel multi-cade system with over 400 games. Walk outside the basement to the covered patio with a beautiful aspen spa. There is also a large fire pit area perfect for a night with s'mores! For the investor one of the big perks of this property is that it is setup with full camper hookups (water, sewer, and a 50 amp electric plug in) which is a perfect additional revenue stream that has yet to be tapped into by the current owner. It also has a brand new metal RV building to protect your RV investment for years to come. Between the revenue of the cabin which was around $65k this year and the potential revenue of the RV spot this is a great investment property for the price. RV rentals in the area go for around $100/night on average so there is potential to add an extra $15k-$30k a year in revenue. The two story storage shed next to the camper also has electric and could be finished out as an additional game area or whatever creative idea you may have! This property is turn key and just a short drive to tuckaleechee caverns and all of Townsends best attractions!
Location
State TN
County Blount
Zoning R-1
Direction From US-321 North turn right onto Old Tuckaleechee Rd, Stay left on Old Tuckaleechee Rd, Slight right onto Old Cades Cove Rd, then left onto dry valley rd
Rooms
Basement Basement, Finished
Dining Room 1 true
Kitchen true
Interior
Interior Features Cathedral Ceiling(s), Ceiling Fan(s), High Speed Internet
Heating Central, Electric, Heat Pump
Cooling Central Air, Heat Pump
Fireplaces Number 1
Fireplaces Type Electric
Fireplace Yes
Appliance Dishwasher, Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Exterior Feature Rain Gutters
Pool Hot Tub
Utilities Available Cable Available
Roof Type Metal
Street Surface Paved
Porch Covered, Deck, Patio, Screened
Road Frontage County Road
Garage No
Building
Sewer Septic Tank
Water Public
Architectural Style Cabin, Log
Structure Type Log,Wood Siding
Others
Security Features Smoke Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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