$680,000
SOLD JUN 11, 2021

2705 Owls Cove Way Sevierville, TN 37862

2 Beds
2.5 Baths
1,872 Sq Ft
0.62 Acres

Recently Sold

$363 Per Sq Ft

2% Below List Price

7 Days on Market

Highlights

  • Pool and Spa
  • Deck
  • Wooded Lot
  • Gatlinburg Pittman High School Rated A-
  • Private Lot
  • Cathedral Ceiling

About This Home

As of January 2024

HIGH INCOME RENTAL PRODUCING LUXURY CABIN IN THE PRESITIGIOUS CEDAR FALLS RESORT IN PIGEON FORGE, TN! SITTING ON A BEAUTIFUL WOODED SETTING ON .062 ACRES, THIS 2BR PLUS THEATRE CABIN WITH HIGH-END AMENITIES IS AN UNMATCHED INVESMENT OPPORTUNITY! "Cedar Forest" is nestled in a private wooded setting with the "in the mountains" feel. This three level cabin is pristine and being sold fully furnished and turnkey. Step onto the covered wrap around porch and enter into the open and airy main level with living room with soaring vaulted ceilings, wood walls and floors, and plenty of seating gathered around the stone fireplace. Spacious kitchen fully equipped with nice appliances, tile counters, eat in dining area, and an island with additional seating. Enjoy the wooded "forest" feel out the windows and on one of the multiple levels of covered decking off the back of the cabin. Private hot tub on the deck for relaxing and HDTV to enjoy as well as grilling on the grill or dining at the picnic table. This cabin currently sleeps six guests on the rental program. Upgraded bedroom with king bed on the lower level with its own private bathroom, and a spacious loft bedroom with queen log bed, sleeper sofa, and private bath. Huge finished lower level gameroom and entertainment area with additional seating, multi arcade game , foosball, and its own private deck. Enjoy nature with the serene and peaceful setting. Nicely landscaped and Plenty of parking. Subdivision amenities include an outdoor pool, pavillion, covered bridge, playground, etc. Must see! *Buyer to honor existing bookings and current rental agreement with rental company through 12/31/21.

Last Agent to Sell the Property

Charity Brown

Tennessee Elite Realty License #296337 Listed on: 05/07/2021

Last Buyer's Agent

DeLoreS White

Colonial Real Estate, Inc. License #258432

Colonial Real Estate, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,170

Year Built

  • Built in 2006

Lot Details

  • 0.62 Acre Lot
  • Property fronts a county road
  • Private Lot
  • Wooded Lot

HOA Fees

  • $67 Monthly HOA Fees

Home Design

  • Log Cabin
  • Composition Roof
  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Wood Flooring
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Pool and Spa
  • Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tax Lot 85

Community Details

Overview

  • Association fees include insurance, roads
  • Cedar Falls Association
  • Cedar Falls Phase 3 Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,170

Year Built

Built in 2006

Lot Details

0

HOA Fees

$67 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2006
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Private, Wooded
  • ResoPoolFeatures: Hot Tub
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Amenities: Pool, Other
  • Reso Association Fee Includes: Insurance, Roads
  • Co List Office Mls Id: 609
  • Subdivision Name: Cedar Falls Phase 3
  • Above Grade Finished Sq Ft: 1152.0
  • Architectural Style: Cabin, Log
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: One and One Half
  • Location Tax and Legal Tax Lot2: 85
  • Location Tax and Legal:Tax Annual Amount: 1169.94
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Lot Size Acres: 0.62
  • General Property Information Above Grade Finished Area: 1152.0
  • General Property Information Below Grade Finished Area: 720.0
  • General Property Information:Bathrooms Half: 1
  • General Property Information Bonus Room YN2: No
  • General Property Information:Furnished: Furnished
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin2: Yes
  • Architectural Style Log2: Yes
  • Association Amenities Pool2: Yes
  • Cooling:Central Air: Yes
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Levels:One and One Half: Yes
  • Roof:Composition: Yes
  • Security Features:Smoke Detector(s): Yes
  • Water Source:Public: Yes
  • Road Frontage Type County Road: Yes
  • Pool Features Hot Tub: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement, Finished, Full
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s)
  • Street Number Modifier: 2705
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 720.0
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Basement:Basement2: Yes
  • Basement Finished: Yes
  • Full Basement: Yes
  • Appliances:Range Hood: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Roof: Composition
  • Acres: 0.62
  • Home Warranty: No
  • Construction Type: Log, Log Siding
  • Patio And Porch Features: Deck
  • Construction Materials:Log: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Log Siding: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Private2: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Paved
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Cooling: Central Air, Electric, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association Fee: 800.0
  • Association Fee Frequency: Annually
  • Association Name: Cedar Falls
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Insurance: Yes

Lot Info

  • Lot Size Sq Ft: 27007.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 1169.94
  • Tax Lot: 85

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2023
Closed on
Jan 3, 2024
Sold by
Owls Cove Holdings Llc Series I
Bought by
Kl Investments
Seller's Agent
Robert Dansereau
Alliance Sotheby's International Realty
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$850,000
Sold Price
$735,000
Premium/Discount to List
-$115,000
-13.53%
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.58%
Original Mortgage
$588,000
Outstanding Balance
$477,375
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$452,751

Purchase Details

Closed on
Nov 11, 2021
Sold by
Palmer Stephen J and Palmer Ana Colores
Bought by
Owls Cove Holdings Llc

Purchase Details

Listed on
May 7, 2021
Closed on
Jun 11, 2021
Sold by
Graceful Cabins Llc
Bought by
Palmer Stephen J and Palmer Ana Colores
Seller's Agent
Charity Brown
Tennessee Elite Realty
Buyer's Agent
DeLoreS White
Colonial Real Estate, Inc.
List Price
$695,000
Sold Price
$680,000
Premium/Discount to List
-$15,000
-2.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.57%

Purchase Details

Listed on
May 4, 2012
Closed on
Sep 17, 2012
Sold by
Mcdonald Milton Ray
Bought by
Graceful Cabins Llc
Seller's Agent
Delores White
THOMPSON CARR REAL ESTATE LLC
Buyer's Agent
Deborah Korlin
Century 21 MVP
List Price
$229,900
Sold Price
$217,000
Premium/Discount to List
-$12,900
-5.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.96%

Purchase Details

Closed on
Jan 19, 2005
Bought by
Mcdonald Milton Ray
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $735,000 None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed $680,000 Smoky Mountain Title
Warranty Deed $217,000 --
Warranty Deed $40,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $588,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/05/2025 09/05/25 Pending -- -- --
09/02/2025 09/02/25 For Sale $899,000 0.0% $480 / Sq Ft
08/20/2025 08/20/25 Pending -- -- --
08/19/2025 08/19/25 Price Changed $899,000 -5.4% $480 / Sq Ft
06/03/2025 06/03/25 For Sale $950,000 +29.3% $507 / Sq Ft
01/03/2024 01/03/24 Sold $735,000 -13.5% $393 / Sq Ft
12/05/2023 12/05/23 Pending -- -- --
06/24/2023 06/24/23 For Sale $850,000 +25.0% $454 / Sq Ft
09/12/2021 09/12/21 Off Market $680,000 -- --
06/11/2021 06/11/21 Sold $680,000 -2.2% $363 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/09/2021 05/09/21 For Sale $695,000 +220.3% $371 / Sq Ft
12/16/2015 12/16/15 Off Market $217,000 -- --
09/17/2012 09/17/12 Sold $217,000 -5.6% $121 / Sq Ft
09/07/2012 09/07/12 Pending -- -- --
05/04/2012 05/04/12 For Sale $229,900 -- $128 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,157 $187,800 $16,000 $171,800
2024 $2,157 $145,720 $16,000 $129,720
2023 $2,157 $145,720 $0 $0
2022 $1,348 $91,075 $10,000 $81,075
2021 $1,348 $91,075 $10,000 $81,075
2020 $1,170 $91,075 $10,000 $81,075
2019 $1,170 $62,900 $10,000 $52,900
2018 $1,170 $62,900 $10,000 $52,900
2017 $1,170 $62,900 $10,000 $52,900
2016 $1,170 $62,900 $10,000 $52,900
2015 -- $68,525 $0 $0
2014 -- $68,520 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 242368

Great Smoky Mountains Association of REALTORS®

APN: 103F-A-085.00