$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 DR Gatlinburg, TN 37738
5 Beds
3 Baths
2,808 SqFt
Key Details
Sold Price $891,500
Property Type Single Family Home
Sub Type Residential
Listing Status Sold
Purchase Type For Sale
Square Footage 2,808 sqft
Price per Sqft $317
Subdivision Montgomery Woods Addn 3
MLS Listing ID 1168225
Sold Date 11/12/21
Style Cabin,Log
Bedrooms 5
Full Baths 3
Originating Board East Tennessee REALTORS® MLS
Year Built 2000
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. It's location is great, off of Hwy 321 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. Step out onto the decks of this Gatlinburg cabin and breathe in the fresh Smoky Mountain air. Spend tim 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. Link to Property Management website for Unforgettable: https://www.cabinsforyou.com/unforgettable.htm.
Location
State TN
County Sevier County - 27
Area 0.57
Rooms
Family Room Yes
Other Rooms Basement Rec Room, Family Room
Basement Finished
Dining Room Eat-in Kitchen
Interior
Interior Features Cathedral Ceiling(s), Eat-in Kitchen
Heating Central, Electric
Cooling Central Cooling, Ceiling Fan(s)
Flooring Carpet, Hardwood, Tile
Fireplaces Number 1
Fireplaces Type Gas Log
Fireplace Yes
Appliance Dishwasher, Dryer, Refrigerator, Microwave, Washer
Heat Source Central, Electric
Exterior
Exterior Feature Porch - Covered, Deck
Garage Other
Garage Description Other
View Mountain View
Parking Type Other
Garage No
Building
Lot Description Wooded, Level
Faces 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
Sewer Public Sewer
Water Public
Architectural Style Cabin, Log
Structure Type Log
Others
Restrictions Yes
Tax ID 117N A
Energy Description Electric
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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