• Scenic View Sub. Lots Sevierville (WEARS VALLEY), TN 37862

  • Multi-family (2-4 units) / Owner Financing

Property Details for null St, Sevierville (WEARS VALLEY), TN 37862



This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

All three lots (there were four originally but one has been sold) are in the Scenic View Subdivision (Mattox Cemetery Road) in Wears Valley (mail delivery from Sevierville.) All 3 lots are approximately .5 acre each and 2 are contiguous (ideal for a family compound or friends). Each lot has been "perked" and approved by Sevier County Environmental and Planning for building a home. (I have already applied for and received a building permit for one of these lots as proof of building status.) These lots are wooded and gently sloping, suitable for any building style, but especially suited for a "walk-out basement." The back property line of all 3 lots abuts Great Smoky Mountains National Park land, currently leased as pasture, and there will never be any homes built there, insuring privacy and a generous buffer. (The single lot is especially private. The lot to the west is vacant and owned/used by the adjacent homeowner as a buffer; the lot to the east is also vacant and also owned/used by the adjacent homeowner as a buffer.) The land behind all 3 lots was originally intended to be a buffer for the proposed extension of the Foothills Parkway to the originally planned terminus in Newport. The National Park Service has recently decided to make the new terminus the current exchange across from the service station (at present a Marathon) on U. S. 321/Wears Valley Road--the only overpass on Wears Valley Road. The land previously meant to be a Parkway buffer will now be used as hiking and bicycling trails. Adding even more quiet and privacy are the access road--Mattox Cemetery Rd. is a dead-end--and the setting--residential/retirement homes with spacious lots. Mattox Cem. Rd. is paved (county-maintained) and provides year-round access to Wears Valley Rd. (Many homes on paved roads at higher elevations do not have year-round access.) The views are sweeping: Cove Mtn. in the foreground, Round Top Mtn. in the rear, and pastures and woodlands rolling up and down the valley. Each home owner must provide his/her own well. Comcast Hi-Speed cable Internet and TV are available, and DirecTV reception quality is outstanding. Wears Valley Volunteer Fire Dept. is 1/4 mile away (on the same road), helping to assure the lowest insurance rates in Wears Valley. Electricity costs are very low because they are subsidized by the TVA. Property taxes are very low and there are no state income taxes. The climate consists of 4 distinct seasons, each one mild. The recreational opportunities in Smoky Mtn. Nat. Park and the entertainment activities in nearby Pigeon Forge and Gatlinburg are too numerous to describe. The lots are extraordinarily well located. Gatlinburg can be accessed via the Park entrance at Metcalf Bottom and a beautiful drive along the Little River in the Park into Gatlinburg. The opening of the Foothills Parkway means West Knoxville can be reached in an hour or so, depending on rush-hour traffic. Access to the Knoxville International Airport in Alcoa will take even less time. PRICE: $50,000 for each of 2 lots and $55,000 for the third (it has a farm road access on the side as well as front access on Mat. Cem. Rd.). For a buyer who wants to buy more than one lot a $5,000 discount will be given for each MULTIPLE. (A 2-lot purchase will have a total $5,000 discount; a 3-lot purchase will have an ADDITIONAL $5,000 discount.) OWNER FINANCING: I will finance the lots for 10 years @ 5% interest with a 10% down payment if the buyer has a credit score of 620 or higher. I will also consider a swap of for an equivalent value in timberland--preferably with mineral rights--in northwest Alabama. I thank you for your interest and wish you luck in finding what you are looking for. PLEASE NOTE: The location indicator in the "Maps" section is wrong and I can't correct the error. Also, no real estate agents, please! PLEASE NOTE (March 18, 2020 notice): I was gone for part of the winter and had no way to communicate during that time. Several recent questions have been asked by several people and I will address them: 1) Yes, I still have some lots for sale; of the original 4 lots, 1 has been sold and another has a pending sale (subject to credit check), leaving 2 lots for sale; 2) Yes, I will still finance the lots if the minimum credit score is met; 3) Yes, animals may be kept on the lots; 4) Yes, buyers of the lots can put in their own wells and septic systems--in fact, it is required; 5) Yes, there is room on the lots to put in a vegetable garden; 6) Yes, there are plenty of trees to use for heating and cooking; 7) Yes, buyers of the lots will have direct access to the GSMNP trails once the Park has finalized plans. There are 3 options being considered for land usage and they vary in length of hiking trails, easy mountain biking trails, and advanced mountain biking trails. As soon as public input has been assessed GSMNP will begin construction of the trails and related facilities. These lots are only a handful that abut the Park land and offer a rare opportunity to have direct access to outstanding bicycling, hiking, and dog-walking trails right out the back door!

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