This month’s featured “House of the Month” is a country home just 10 miles northeast of Pigeon Forge.
If you would like to schedule a showing at this country home, call me at 865-765-6157 or my support line at 865-654-2111.
For the last few months, I’ve been sharing all the fantastic opportunities that are coming for people who want to own newly constructed rental cabins, both in areas with already established resorts as well as areas where no resorts have existed before. We are working with developers and builders to build new cabins in Sherwood Forest, Black Bear Ridge, Hibernation Station, and Mountain Shadows. I’m very excited to see all the new building coming back to the area after the downturn of the market in 2008 when construction all but stopped.
In our area, there are so many great reasons to own a rental cabin in the Smokies, and I’ve talked about many of those before. But above all else what makes this area such a great place to own vacation rental property is the tourist appeal. The Great Smoky Mountains National Park is the most visited national park in the United States, surpassing the second most visited national park by an almost 2 to 1 ratio! In 2015, nearly 12 million people visited the Smoky Mountains – and that doesn’t include the number of people who just come to visit the tourist attractions of Gatlinburg and Pigeon Forge! Between Dollywood, the number of specialty shops, musical shows, and other activities, our region is one of the most popular tourist sites!
‘The Mountain Mile’
What’s more, the number of opportunities for things to do and see in our area is increasing all the time. One of the most exciting new developments is “The Mountain Mile,” a 1,000,000 square foot stretch of retail and restaurant space spread over more than 174 acres. The new endeavor will include about a mile of frontage along Teaster Lane and is located next to the Cal Ripken baseball complex. The Island and LeConte Center are also close by to the new development. If you haven’t been to The Island recently you owe it to yourself. It is really delightful! The Cal Rip-ken baseball complex and The Rocky Top sports complex have been big hits with our visitors as well. “The Mountain Mile” will be a fantastic addition to that area!
You can learn more about the plans for “The Mountain Mile” here.
The continuing addition of quality entertainment, shopping and sports venues increases the value of your property as well as produces renters for you! I love that when these national companies have done market studies it has led them to us! We knew that we were a wonderful and special place. It’s affirming that their numbers and research agree with us!
We are looking forward to the development of “The Mountain Mile” and all it is going to add to our region!
Pick No. 1
Great Cabin 4 Bedroom 3 Baths— Very good mountain views in a great resort…The Summit – 10 minute drive down to all the attractions,
shopping and dining in Pigeon Forge—it is going to cash flow well on a rental program… list price is $239,900 I would try to get it for $200,000— It is only 2 years old and looks to be in great shape, tongue and groove throughout, large spacious master suites…game room—decks— current tax appraisal on it is $368,000
Pick No. 2
I love this Short Sale… Well built custom log home, built in 2003, 5 bedroom, 5 bath—over 2674 sq.ft. beautiful setting- private- Smoky mtn. wonderland… on the end of a culdesac with a waterfall and stream– it is very close to being an approved short sale- offered for $225,000.
Pick No. 3
Here is another one of my picks! Over 4115 sqft. Built in 2008 on .75 of an acre listed at $269,900.—probably can get for $240,000- I’d try! Has a home theatre and a pool! 3 bedrooms, 3 baths and 1 half bath—gleaming hardwoods, glass, unique design log home on flat wooded easy to drive to lot
Pick No. 4
3 Bedroom, 2 Bath only $99,900. over 2088 sqft. Close into Sevierville—has a view of Douglas lake, one block to the Marina- open and airy- bring the boat – you can not go wrong with this property… great for residence, second home, rental—flip and sell…
Contact me for more details about these properties.
Telephone 865-765-6157 or email me.
Century 21 MVP
Many have asked about foreclosures in our area.
I will first start off by saying we don’t have massive amounts of foreclosures, but we do have some very interesting ones. Are you interested in Sevier County, Knox County or the surrounding areas? Are you looking for a residence for yourself, or a residence that you could rent or flip or are you perhaps looking for an second home in the Smoky Mountains or an investment cabin to put on a rental program? We have all of these!
Right now I am helping someone buy a log home for $115,000 and it will appraise for about $200,000. It has a very small list of items that will cost about $3,000 to repair. So we are excited!
The way to get started is to give me a phone call or write me an email describing what your dream property is and all the particulars that you think are important. There is no charge to have me as your guide and real estate coach as the sellers, the bank, pays my commission, so it is a win – win.
While you are waiting for just the right property to come on the market, we go ahead and help you get pre-approved with a lender; unless you are planning to pay cash. If you are planning to pay cash; prepare to have a proof of funds, so that when the property presents itself you are ready. All foreclosure offers require that you submit the offer with proof of how you are going to pay for it. We have found that there is still a lot of money available for loans to buy property; you just have to be persistent and know who to ask. We help you with this. A cash offer does gives you a negotiating advantage.
After I receive your communication concerning your perfect property, I will
begin to send you specific foreclosures that meet your criteria. Properties are coming on the market, as illustrated here with the picture of a Great Smokies cabin. I will also watch for the ones that are up and coming, so that the moment they come on the market we are positioned to take advantage of something amazing. If you are in town, we will go out immediately and make an assessment. If you are out of town, I will go and photograph it for you, so we can decide whether it is worth your while to make a trip. If you are coming in for a visit, I will arrange a tour of your top picks.
Once we find our property, then we write the offer. We make the offer contingent upon you getting the financing that you want, and we make it contingent upon a professional inspection. This way you are not taking a risk losing your earnest money should the inspection of the property turn up something we are uncomfortable with. This gives you a safety net, ties the property up, so no one can offer a higher price while you are pursuing the details. It takes about 4-6 weeks to actually complete the purchase once the bank accepts your offer. Sometimes the bank will counter you and sometimes there will be multiple offers on the same property. This can be complicated, but that is why we are here. We use our experience to help you navigate and procure the property at the best price possible. It’s a great adventure and we just love it!
Basically that is an overview. Hope all this has been helpful. Look forward to hearing from you.
Deborah & Mike Korlin,
Principal Broker/Owners of
Century 21 MVP
865-765-6157 Deborah’s cell
865-286-1862 Assistant, Rasa Karvelyte
P.S. If you are in our area we show foreclosures on our big screen in our training conference room every week on Sat. at 10:30. Call me and I can give you more details. I will send you a list of foreclosures in a moment…
I am renewing my effort on the my real estate blog. I am hoping to bring you up to date fresh information with this blog concerning real estate in our location in the Great Smoky Mountains- in communities like Gatlinburg, Pigeon Forge, Sevierville, and of course, Knoxville. I want to make it interesting and informative, bringing you late information we have that may help you in your search for real estate or in your decision to sell. Come here often, and please comment. The only requirement is that you sign up as a user of the blog. We will not transfer your information to anyone else. You can do that is the lower right hand corner- click register.
Our companion company website will also be of interest to you.