Pros

• Priced less than $100 per square foot
• Good mountain views
• Development includes wedding chapel, swimming pool, outdoor pavillion with fireplace, spa, sauna, and fitness room!
• Strong past rental income
• All wood interior
• Kids loft area

Cons

• There have been many foreclosures in the development.
• HOA fee and amenity fees are high (approaching $200/month)
• Cabin needs stained on the exterior

 

 

 

 

Pros

• High Quality theater room
• Excellent construction
• Part of the Gatlinburg Falls communities with access to swimming pool, etc.
• Strong past rental income ($65,463 in 2010 and $77,005 in 2009)
• All wood interior
• Outdoor picnic area, firepit, kids treehouse, and covered porch swing
• Arcade games (including Golden Tee golf)
• Fully furnished
• Great location off the spur between Gatlinburg and Pigeon Forge

Cons

• There have been many foreclosures and short sales in the development.
• HOA fee is high ($450/month)

 

 

 

 

Pros

• Priced well less than $100 per square foot
• Excellent mountain views
• Bank Approved Short sale
• $63,286 gross rental income in 2008 and $64,466 in 2009
• Location less than 10 minutes to downtown Gatlinburg.
• All wood interior
• Double sided fireplace between kitchen and living area

Cons

• Seller wants $18,000 for the furnishings

 

 

 

 

Pros

• Absolutely amazing kitchen (the largest I have ever seen) with granite counters, granite floors, space for a Viking range, fridge, and warming oven
• Located on approximately 1.8 acres
• Located just a couple minutes to downtown Sevierville
• Could be used as a rental cabin, permanent residence, or second home
• Massive walk-in tiled shower
• 2 car garage and a huge circular driveway
• Large lower level theater room
• Lower level ceiling heights are 14+ feet
• Upper Level ceiling heights are 12 feet
• Very high end construction and luxurious
• Secondary bedrooms are large with very nice private baths
• First floor master suite
• Lots of decking and space to enjoy outdoor living
• Fairly level terrain with extra room for another building/pool/etc.
• Fannie Mae owned property
• Private, yet very close to town
• Plumbed for kitchen in lower level
• Easy to access backroads to get into Pigeon Forge or other parts of Sevierville
• Great price per square foot for this level of construction
• Tax value of $611,500 - per Sevier County Tax Records
• Would make an ideal Bed & Breakfast
• Price reduction from $389,000 to $364,500
• You must see inside this cabin to appreciate!!!

Cons

• Some people may feel the location is too close to town
• Kitchen is almost too large!
• Location may be too far North for some people's tastes
• Wooded view - no mountain view. It is very private though for being so close to town.

SOLD

Pros

• Gated community
• Excellent mountain views
• 5 bedroom cabin under $150k is unheard of even in today's market. Shoot, a 5 BR cabin under $200k is unheard of!
• $40k to $50k potential rental income
• 3,000+ square feet - LESS THAN $50/square foot!
• Lots of decking
• Location less than 10 minutes to Dollywood and easy access to Gatlinburg Arts & Crafts.
• First floor bedroom with fireplace
• Upstairs loft area bedroom with picture window and great view. This room also has a nice dormer for a sitting area.
• Previously sold for $460,368 on 11/21/2006. That makes the listing price only 32.23% of the original sales price!
• Space for a theater room.
• Nice feeling cabin with exposed beam rafters and nice architectural detail.
• View video of cabin - very large file size (10 minute long video)
• hotos #1: http://www.wearsvalleyhomes.com/appalachian-retreat-1/index.html (Exterior & Main Level – OTHER THAN FIRST FLOOR BEDROOM)
• Photos #2: www.wearsvalleyhomes.com\appalachian-retreat\index.html (Main level bedroom, upstairs loft, upstairs bedroom)
• Photos #3: http://www.wearsvalleyhomes.com/appalachian-retreat-2/index.html (Lower level - 3 bedrooms, bath, and theater room area)
• 2008 Rental History Details - Updated detailed rental history coming soon!

Cons

• VERY FEW FLAWS in my opinion for the price
• Kitchen area is a little small.
• Doesn't have an abundance of privacy
• Stains on carpet in lower level

 

 

 

As of August 11, 2010 at 5:45 EST there are 10 offers in according to the listing agent. All bids are due in 8/11/2010 at 8:00pm EST.

 

SOLD

Pros

• Recent price reduction from $549,000 to $489k
• Tons of glass to observe the spectacular views
• 8 Bedrooms/ 7 Baths
• Great past rental history - $98k and $103k
• 5,148 square feet! At list price, that is around $90/square foot and furnished!
• Lots of decking
• Great View
• Private location - sitting on 0.73 acres
• Located between The Preserve Resort and The Homestead - two high end developments in Wears Valley
• Previously sold for $740k on 12/31/2004, July 6, 2007 sold for $725k. Tax value is $718,800!!!
• Functional floor plan ideal for a rental cabin
• Located in Wears Valley - a popular area close to the National Park with privacy, yet fairly close to town.
• ZERO HOA fees.
• 2008 Rental History Details - Updated detailed rental history coming soon!

Cons

• VERY FEW FLAWS in my opinion
• Some people may feel the location is too far out from the main Parkway in Pigeon Forge. It is approximately 25 minutes I would estimate. Possibly a little longer depending on the driver! The property still manages to rent very well at $98k and $103k per year!

THIS PROPERTY IS CURRENTLY UNDER CONTRACT.

SOLD

Pros

• Recent price reduction from $139,000 to $124,900
• On Caney Creek
• Located very close to the spur with easy access to Gatlinburg and Pigeon Forge
• Level, easy roads to drive and access property
• Sold for $253,000 in June 2005
• Good floor plan for a rental cabin
• Partially furnished

Cons

• Part of a first look policy where permanent resident buyers have to wait until day #8 on the market to make an offer and second home/investors must wait until day #13.
• Heart shaped jacuzzi tub is dated.
• Sagging floor joist in kitchen area

SOLD

 

 

Pros

• Hands down one of the best views in all of Sevier County
• Tons of glass to observe the spectacular views
• Level and easy parking
• Great past rental history - same floor plan cabins on the same road $55k-$65k
• Popular kids loft with ladder
• Private bath with Jacuzzi tub in loft area
• 3 levels of decks
• Close in location to Gatlinburg
• Lower Level wet bar
• Previously sold for $370,000
• Functional floor plan ideal for a rental cabin
• Additional photos of the cabin
• Video of the cabin (Large file size)
• Pictures from management company (before foreclosure)

Cons

• Unfurnished - other than hot tub
• Missing thermostats (three)
• Cabin to the right is in fairly close proximity
• Missing smoke detectors
• Flooring in lower level is two different shades of wood

** 5 offers presented within 48 hours. Now PENDING. It will sell for well over listing price.

SOLD

Pros

• Good mountain views
• Very convenient location close to Gatlinburg
• Located in Black Bear Falls Resort with community pool
• Granite kitchen counters
• Granite bathroom vanities
• Level, easy parking
• Relatively level lot
• Large lower level game room
• Functional, good floor plan for a rental cabin
• Has been on the market for a while with some price reductions
• Previously sold for $409,960 in 2007
• Additional Photos (when it was still furnished)

Cons

• Unfurnished - missing door knobs
• View overlooks some other cabins
• Price per square foot isn't spectacular

SOLD

Pros

• Good mountain views
• Located on over 2 acres
• Adequate space between cabins
• Popular floor plan
• Lots of windows to enjoy the mountain views
• Level, easy parking
• No cabins obstructing view
• Has access to The Preserve Resort's amenities for $150/month (pool, wedding chapel, outdoor fireplace/pavillion, spa, and exercise facility
• Strong past rental history ($42k, $49k, 50k, and 51k+)
• Has been on the market for a while with some price reductions
• Previously sold for $413,700 in October 2005
• 3 levels and decking
• Popular kids loft area with ladder
• Very nice upstairs loft area
• Fannie Mae owned property
• View management company page for adjacent cabin with same floor plan

Cons

• Unfurnished - other than game tables in lower level
• Sits fairly close to the road (Chamberlain Lane)
• Could use exterior stain in near future
• Some wear and tear from being a popular rental

THIS PROPERTY IS CURRENTLY UNDER CONTRACT.

SOLD

* Data obtained from the GSMAR (Great Smoky Mountains Association of Realtors) and KAARMLS (Knoxville Association of Realtors). Data such as the availability of properties is not guaranteed as accurate along with any price changes. A best effort is made to maintain the accuracy of this page, but is not guaranteed. The listings within this page belong to other Brokerages and Realtors within the GSMAR & KAARMLS. This data is for information and my opinion of the most aggressively priced foreclosures on the market, the areas of foreclosed properties and the price trends of these properties.