$891,500
$849,900
4.9%For more information regarding the value of a property, please contact us for a free consultation.
531 Gatlin DR Gatlinburg, TN 37738
5 Beds
3 Baths
2,808 SqFt
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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