PROPERTY
LOCATION AND LOT DESCRIPTION

This furnished, luxury log
home was completed in 2006. The property location is in The Homestead development
in Wears Valley. The Homestead is a restricted development with a large amount
of green space and underground utilities. The road leading to the property is
wide and county maintained. This private 2.13 acre lot is a prime lot on a ridge
facing southwest. The asphalt drive provides an easy access to the log home. Views
include short, medium, and long range mountains. When the leaves are down the
mountain views from the decks are panoramic. This area won't be overdeveloped
as in other areas of Wears Valley.

DESIGN DETAILS

This luxury log home was built by Tennessee Log Homes as a future retirement home
for the owners. The foundation is poured concrete. The logs are 8" x 12" square
with the second floor exterior being cedar shakes. The 1000 sq. ft. of decking
is cedar. The interior carpentry is very detailed and a work of art. The interior
wood is white spruce, pine, Douglas fir, and maple. Most of the exterior doors
and windows are premium Andersen; the interior doors are Home Technology solid
pine. This home is very solid and well built.

The size of the home is 2700 sq. ft. on the first and second floors, with an additional
300 square feet finished in the basement. Most of the first floor area opens into
the great room and dining / kitchen area. There is a guest toilet room downstairs
as well. The master bedroom is downstairs and includes a large bathroom with air
jet tub, 4' x 5' tiled shower, toilet room, dual sinks, and closets. All of the
bathrooms exhaust to the exterior.

The guest bedroom is upstairs. Instead of having a third bedroom upstairs the
area opens into the loft area and was designed as an office to create a large
open area on the second floor.

There is a large kitchen with plenty of maple Kraftmaid cabinets (same as in the
bathrooms). The kitchen countertops are quartz. The range hood exhaust to the
exterior.

The 1600 sq.
ft. basement is partially finished. It has a fully finished pool room, and there
is a laundry room, and closet underneath the basement stairs that is completed.
A fourth bathroom is pre-plumbed along with an additional sink area. A 240V outlet
is wired for an infrared sauna. Much of the finishing work in the basement has
already been completed including a drop ceiling, lighting and electrical outlets.
With a minimal amount of capital the basement can be finished and customized by
the next owner depending on what they want to do with this luxury log home.

WELL AND PLUMBING

Well water flow rate is 63
gallons per minute from a depth of 485 ft. The total mineral content is 7 ppm;
this is good tasting water. The water pipes leading to the exterior faucets (4)
do not pass through the water softener except for the hot tub water line. There
are two 50 gallon hot water heaters with one dedicated to the master bathroom.

HEATING AND COOLING

The incoming electrical line
was upgraded to 325 amps for plenty of power for the HVAC and hot water heaters.
The HVAC is a Trane, 5 ton, 16 SEER heat pump. The air handler is variable speed.
Included are an electrostatic air cleaner, UV light, humidifier, and fresh air
exchange. There are four return vents in the home. This system will easily heat
and cool the basement as well as the rest of the home. The warranty is a transferable
10 year parts and labor warranty.

There are two furnace rated, direct vent fireplaces. These are located in the
great room and master bedroom. An additional wall gas heater is in the pool room
in the basement.

STRUCTURED
WIRING

This home
is wired better than most businesses. The Levinton structured wiring system includes
a 24 jack phone panel, cable TV distribution modules, and internet gateway / ethernet
switches. The data and phone cables are Belden bonded pair cat5e rated at 350MHz.
The coaxial cable is Belden and rated at 3GHz. Data ports, phone ports, and coaxial
ports are distributed throughout the home. Comcast has not made it out to Serenity
Ridge yet but is scheduled to this year. BellSouth does not have DSL in this area
yet as well. Presently a Dish satellite provides the TV entertainment.

Also included in the structured wiring is an intercom system, whole house audio
(ABus), and alarm system. The intercom and audio are the same cat5e Belden wire.
There are three locations pre-wired for video cameras: the front of the house,
the back of the house by the basement door and the great room.

The great room includes pre-wiring for a plasma TV over the mantle with the satellite
speaker wire pre-wired on the opposite side of the room. The wiring behind the
paneling over the mantle is accessed from one of the lockable closets in the office
area.

LANDSCAPING

Landscaping at this time
includes 10 planted white pines and 10 planted cypress for privacy when the leaves
are down. Bushes are planted in the front of the log home with the home surrounded
with pine straw for low maintenance. The dead pines from the pine beetle infestation
have been cut down. Most of the trees are oak and maple.

The paved drive is 350 feet. A gate could be installed on the driveway for privacy.
Facing the log home the septic, buried propane gas tank, electric box, telephone
box, and compressor are on the left. To the right of the log home is an open space
and stone walkway leading to the basement door and lower deck where the hot tub
is located.

Property
Usage

My wife and I built
this luxury log home to retire to in 10 years or so. This log home was not specifically
built as a rental cabin. The design was altered to allow rentals but it is primarily
designed as a main residence. Lisa wants to stay in Nashville now and the four
hour drive is just too much for weekend getaways. So we are selling our dream
home.

Since late February
of 2006, our log home has been rented through Majestic Mountains Cabin Rentals.
With the log home now fully completed we have raised the rental rates and believe
we can raise rates again this year as repeat business accumulates. This is the
highest occupancy rental for Majestic Mountain in our classification. If you purchase
this beauty and want to continue to gain some revenue we would suggest staying
with Majestic Mountain.