Gatlinburg, TN 37738,531 Gatlin DR
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Gatlinburg, TN 37738,531 Gatlin DR
Gatlinburg, TN 37738,531 Gatlin DR
Gatlinburg, TN 37738,531 Gatlin DR
Gatlinburg, TN 37738,531 Gatlin DR
Listed by Misty Patterson • Cabins For You Realty

$891,500

Est. payment /mo

$849,900

4.9%
Est.Price: ?

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531 Gatlin DR Gatlinburg, TN 37738

5 Beds

3 Baths

2,808 SqFt

SOLD DATE : 11/12/2021

Key Details

Sold Price $891,500

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 2,808 sqft

Price per Sqft $317

Subdivision Montgomery Woods

MLS Listing ID 245136

Sold Date 11/12/21

Style Log

Bedrooms 5

Full Baths 3

HOA Y/N No

Abv Grd Liv Area 1,728

Originating Board Great Smoky Mountains Association of REALTORS®

Year Built 2000

Annual Tax Amount $1,433

Tax Year 2019

Lot Size 0.570 Acres

Acres 0.57

Property Description

Don't miss this one! Same owner for the last fifteen years. It has been making great revenue and has many recent upgrades. This would be a great home or a great investment property. It's location off of Hwy 321 is very close to downtown Gatlinburg and all it has to offer. This 2,800 sq ft home has five bedrooms and three full bathrooms. The common indoor and outdoor areas are perfect for entertaining or for family gatherings. Recent upgrades include a complete high end staining of the outdoor areas, new tile floors in all bathrooms, new pool table felt, new televisions, landscaping stones, and appliances and wood floors in the den are around five years old. The property has been well-maintained and most of the furniture will stay with the home. Step out onto the decks of this Gatlinburg cabin and breathe in the fresh Smoky Mountain air. Spend time here as you have a meal at the table, enjoy your morning coffee in the chairs, or soothe your tired muscles in the hot tub. The wooded surroundings and distant mountain views will leave you wanting to call this place home. Current revenue sits at $75,000 including upcoming reservations. 53 “owner nights” for renovations and upgrades in 2021 and further outstanding open dates could have yielded an additional $20-25k. This can be a $90-100K gross annual income property, as a pure investment property. Link to Property Management website for Unforgettable: https://www.cabinsforyou.com/unforgettable.htm.

Location

State TN

County Sevier

Zoning R-1

Direction Head north on Parkway toward East Pkwy. Turn right onto East Pkwy. Pass by Sleep Inn & Suites (on the left in 0.3 mi). 2.5 mi. Turn left onto Walnut Rd 0.2 mi. Turn left onto Bruce Rd 0.6 mi. Sharp left to stay on Bruce Rd. Destination will be on the right

Rooms

Basement Basement, Finished

Interior

Interior Features Cathedral Ceiling(s), Ceiling Fan(s), High Speed Internet, Solid Surface Counters

Heating Central

Cooling Central Air, Electric

Flooring Wood

Fireplaces Type Gas Log

Fireplace Yes

Appliance Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Washer

Exterior

Exterior Feature Rain Gutters

Pool Hot Tub

Utilities Available Cable Available

View Y/N Yes

View Mountain(s)

Roof Type Metal

Street Surface Paved

Porch Deck

Garage No

Building

Lot Description Private, Wooded

Sewer Public Sewer

Water Public

Architectural Style Log

Structure Type Log

Others

Security Features Smoke Detector(s)

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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Lara Conrad

Broker | License ID: 366348

+1(865) 635-6544

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