More Details on present prices and financials for low-priced log cabins in the Great Smoky Mountains
As noted in other posts on my blog, the real estate market continues to provide an atmosphere for low costs for vacation and second home log cabin properties in the Great Smoky Mountain region. Cabins located in Sevier County near Gatlinburg, Pigeon Forge, and Sevierville are still providing in this market excellent rental revenues.
As noted in other posts we are offering a group of log cabins at a little above one-half of the appraised value, or 80 percent of the last advertised price by the bank-owner. As an illustration, one of my favorites in this group, the seller will take $184,000. It is listed for $230,000, and the tax appraisal for it is $330,000. The rental income last year (2009) was $45,514. Revenues for the group ranged from $24,000 to over $45,000 in 2009.
Details of the attractive pricing and experience with income for these cabins follow:
|
Cabin Name
|
Accommodation
|
Price
$ |
2009
Rental $ |
| 1. Call for Info |
1 Bed/ 2 bath
|
168,000
|
36676
|
| 2. Call for Info |
1 Bed/ 2 bath
|
168,000
|
35405
|
| 3. Call for Info |
1 Bed/ 2 bath
|
168,000
|
35974
|
| 4. Call for Info |
1 Bed/ 2 bath
|
180,000
|
37349
|
| 5. Call for Info |
1 Bed/ 2 bath
|
158,000
|
29498
|
| 6. Call for Info |
1 Bed/ 2 bath
|
158,000
|
29557
|
| 7. Call for Info |
1 Bed/ 2 bath
|
158,000
|
31206
|
| 8. Call for Info |
1 Bed/ 2 bath
|
182,000
|
43250
|
| 9. Call for Info |
1 Bed/ 2 bath
|
184,000
|
45514
|
| 10. Call for Info |
1 Bed/ 2 bath
|
180,000
|
43857
|
| 11. Call for Info |
1 Bed/ 2 bath
|
148,000
|
24029
|
| 12. Call for Info |
1 Bed/ 2 bath
|
182,000
|
39836
|
| 13. Call for Info |
1 Bed/ 2 bath
|
148,000
|
22729
|
| 14. Call for Info |
2 Beds/ 2 bath
|
206,000
|
38469
|
| Call an agent at Century 21 MVP to obtain location and information on these log cabins.
Note that these are in the process of being sold, so some of these may not be available at the time you are visiting my blog. |
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Log cabins are coming to the marketplace regularly, and are being offered at very appealing prices. Deborah Korlin, real estate broker and co-owner of Century 21 MVP in Sevierville, Tennessee, is very familiar with the home and log cabin investment market in Tennessee, especially in the Great Smoky Mountains. She is, consequently, a very good source of information and expertise. Get more facts on these log cabins, real estate investment possibilities, and available real estate in the Great Smoky Mountains and Knoxville, Tennessee by contacting Deborah using the contact form on this site or call 865-765-6157.
