$445,000
Bean Station, TN 37708
MLS# 9961985
Status: Closed
4 beds | 4 baths | 2462 sqft
1 / 60
Property Description
Amazing Opportunity and Motivated Sellers!!! Your new adventure awaits with this amazing property that's perfect for your next short term rental opportunity! This property generated $40k last year from only renting the 2 smaller cabins after a 10% property management fee! Projected rental income for all cabins rented is $75k after 10% property management fee!!! Nestled amid the tranquil beauty of Bean Station, TN, this remarkable property offers an extraordinary opportunity to embrace the serene lakeside lifestyle with views of the stunning Cherokee Lake. Set against the backdrop of majestic mountains and lush greenery, this idyllic retreat comprises three fully furnished charming cabins, an RV spot, and a welcoming firepit area, all within easy reach of public access to the pristine waters of Cherokee Lake. As you approach the property, you're immediately captivated by the serene ambiance and breathtaking vistas that stretch across the sparkling waters of Cherokee Lake. Situated on a sprawling parcel of unrestricted land, the property enjoys a prime location with convenient access to public boat ramps and recreational areas, allowing you to fully immerse yourself in the beauty of lakeside living. The focal point of this exceptional property is the trio of inviting cabins, each exuding its own unique charm and character. Constructed from natural wood and rustic materials, these cozy cabins offer a warm and welcoming retreat for both residents and guests alike. The main cabin, positioned to maximize views of the lake, serves as the heart of the property's living quarters. Stepping inside, you're greeted by a spacious and inviting living area, complete with comfortable furnishings, a cozy fireplace, and multiple outdoor gathering areas that frame sweeping vistas of Cherokee Lake and the surrounding landscape. Whether you're relaxing with loved ones or hosting gatherings, this inviting space provides the perfect backdrop for memorable moments shared with family and fr
Details
Maps
Location, Tax & Legal Info
Street #: 187
Street Name: Noe
St Suffix: Road
County: Grainger
State/Province: TN
Zip Code: 37708
Area: 205 - Grainger County
Subdivision: Not Listed
County Taxes: 737.78
Contract Info
Status: Closed
Listing Price: 500000
Current Price: $445,000
List Price/SqFt: 203.09
Listing Date: 2024-02-14
Buyer Broker: Yes
Buyer Broker Comm: 2.5
Buyer Broker Comm Type: %
Foreclosure: No
Short Sale: No
Auction: No
General Property Description
Property Sub-Type: Single Family Residence
Lot #: 11-R1
Deed Book #: IN363
Deed Page #: 149
Parcel ID: 042k B 011.00
Lot Dimensions: 210.48 X 171 X 160.79 X 119.78
Acres: 0.6
Zoning: R-1
Stories: 1
# Bedrooms: 4
Baths - Full: 4
Total Baths: 4
Total Rooms: 9
Year Built: 2007
HOA Y/N: No
# Fireplaces: 1
Elementary School: Bean Station
Middle School: Rutledge
High School: Grainger Co.
Home Warranty: No
Total SqFt: 2462
Total SqFt Finished: 2462
Above Grade SqFt: 2462
Remarks & Misc
Public Remarks: Amazing Opportunity and Motivated Sellers!!! Your new adventure awaits with this amazing property that's perfect for your next short term rental opportunity! This property generated $40k last year from only renting the 2 smaller cabins after a 10% property management fee! Projected rental income for all cabins rented is $75k after 10% property management fee!!! Nestled amid the tranquil beauty of Bean Station, TN, this remarkable property offers an extraordinary opportunity to embrace the serene lakeside lifestyle with views of the stunning Cherokee Lake. Set against the backdrop of majestic mountains and lush greenery, this idyllic retreat comprises three fully furnished charming cabins, an RV spot, and a welcoming firepit area, all within easy reach of public access to the pristine waters of Cherokee Lake. As you approach the property, you're immediately captivated by the serene ambiance and breathtaking vistas that stretch across the sparkling waters of Cherokee Lake. Situated on a sprawling parcel of unrestricted land, the property enjoys a prime location with convenient access to public boat ramps and recreational areas, allowing you to fully immerse yourself in the beauty of lakeside living. The focal point of this exceptional property is the trio of inviting cabins, each exuding its own unique charm and character. Constructed from natural wood and rustic materials, these cozy cabins offer a warm and welcoming retreat for both residents and guests alike. The main cabin, positioned to maximize views of the lake, serves as the heart of the property's living quarters. Stepping inside, you're greeted by a spacious and inviting living area, complete with comfortable furnishings, a cozy fireplace, and multiple outdoor gathering areas that frame sweeping vistas of Cherokee Lake and the surrounding landscape. Whether you're relaxing with loved ones or hosting gatherings, this inviting space provides the perfect backdrop for memorable moments shared with family and fr
Directions: Take Hwy 11E to Jefferson City. Turn Left at light in New Market onto Churchview St. Bear right at underpass onto Mill Springs Rd. In 3.5 miles, turn left onto Hwy 92. In 2.9 miles, turn right onto Lakeshore Dr. In 14 miles, turn left onto Tater Hill Rd. Turn right onto Noe Rd. Property on left.
Status Change Info
Date Pending: 2024-03-12
Sold Date: 2024-03-25
Sold Price: $445,000
SqFt Details
Finished SqFt Level 1: 1686
Finished SqFt Level 2: 388
Finished SqFt Level 3+/Other: 388
Property Features
Property Condition: Average
Style: Cabin
Levels: One; One and One Half
Exterior Finish: Block; Log
Window Features: Insulated Windows
Interior Features: Balcony; Eat-in Kitchen; Handicap Modified; Kitchen Island; Pantry; Remodeled; Smoke Detector(s); Wired for Data
Exterior Features: Balcony; Outdoor Grill; See Remarks
Fencing: Privacy
Other Structures: Shed(s); Storage
Appliances: Electric Range; Microwave; Refrigerator
Laundry Features: Electric Dryer Hookup; Washer Hookup
Flooring: Hardwood; Other
Roof: Asphalt
Parking Features: Circular Driveway; Driveway; Gravel; Parking Spaces
Other Rooms: See Remarks
Porch/Patio/Deck: Balcony; Covered; Deck; Patio; Porch
Topography/Lot Description: Level; Rolling Slope
View: Mountain(s); Water
Heating: Electric; Fireplace(s)
AC: Ceiling Fan(s); Wall Unit(s); Window Unit(s)
Water: Public
Sewer: Septic Tank
Fireplace: Other
Walls: Drywall; Log
Attic: Crawl Opening
Foundation: Block
Financing: Cash; Conventional; FHA; VA Loan
Construction: Site Built
Utilities: Cable Connected
Waterfront Features: Lake Privileges
Supplements
This cabin could also be easily converted into 2 private cabins for more cash revenue! The master bedroom, thoughtfully designed for comfort and relaxation, offers a tranquil sanctuary at the end of the day. Featuring a covered deck overlooking the lake, cozy furnishings, and a private ensuite bathroom, this inviting space provides the perfect retreat for rest and rejuvenation. The two additional cabins, nestled on the property offer their own personal amenities, provide comfortable accommodations for guests, and can be utilized as rental units, offering potential for additional income. Each cabin offers a cozy haven where guests can unwind and enjoy the peaceful ambiance of lakeside living. Outside, the property boasts a wealth of outdoor amenities designed to enhance your enjoyment of the natural surroundings. A spacious firepit area, nestled amidst the trees and offering picturesque views of the lake, provides the perfect spot for gathering with loved ones to roast marshmallows, share stories, and gaze at the starry night sky. On site, an RV spot with hookups for water and electricity offers convenient accommodations for guests traveling with their own recreational vehicles, providing a comfortable and inviting space to park and unwind. With its breathtaking lake views, charming cabins, RV spot, and inviting firepit area, this exceptional property offers a rare opportunity to own a slice of lakeside paradise in the heart of Bean Station. Whether you're seeking a peaceful retreat, a potentially lucrative investment opportunity, or a place to create cherished memories with loved ones, this idyllic property offers endless possibilities for lakeside living at its finest.
Listing Office: Keller Williams Realty Knoxville
Last Updated: March - 25 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.