1119 Anastasia Way, "Hilltop Haven", Gatlinburg, TN 37738

$1,165,000
Property Type: Residential Bedrooms: 4 Baths: 6 Square Footage: 3,512 Status: Closed
Current Price: $1,165,000 List Date: 12/12/2022 Last Modified: 8/27/2024

Description

Hilltop Haven is an incredible opportunity to purchase a prime location, well producing short term rental cabin in Gatlinburg! In 2021 the property grossed $165,260.90 (not including cleaning fees, taxes, etc). Equating to a 7.26 Gross Rental Multiplier (GRM) - among the best you'll see in our area. Driving the stellar rental income is its private indoor pool, theater room, and impeccable location in Gatlinburg with the Arts & Crafts Community. The four bedroom, four bath property is well maintained, appointed and decorated. The floor plan lends itself very well to short term rental. The lower level consists of the indoor pool room (with half bath & laundry), theater room, and a bedroom with full bath. On the main level you're welcomed to a large great room area, ample kitchen, half bath, and bedroom with en suite bath. The upstairs features two bedrooms, each with their own private bath along with a large game room/rec room area. The layout enables separating of groups well, while still allowing great common room access for all. The exterior is low maintenance cement board (Hardie Board) siding, saving many thousands of dollars during ownership compared to the regular staining of log cabins or wood sided cabins. Additionally, the covered porch area is much larger than the vast majority of short term rental properties in our area, offering a wonderful outdoor living experience. Being located in the Gatlinburg City Limits, the property has the rare situation of being a short term rental on city water and sewer, so you don't have to worry about well issues or septic failures. The combination of incredible amenities (private indoor pool, theater room, etc) and the extremely convenient location to downtown Gatlinburg makes this property a winner to add to your short term rental portfolio!

More Information MLS# 255045

Location, Tax, and Legal

Street Additional Info: "Hilltop Haven" Restrictive Covenants YN: Yes Zoning: R-2 Zoning Entity: Gatlinburg Tax Lot: 9 Book/Page/Doc #: 5972, 45 Tax Annual Amount: 2793.92 Tax Year: 2022

Contract Information

Association Type: Mandatory Owner Name: Hilltop Haven, LLC Listing Agreement: Exclusive Right To Sell Occupancy: Either Common Interest: Planned Development Rental History Gross Amount 1: 165260.9 Rental History Year 1: 2021 Rental History Gross Amount 2: 123378.62 Rental History Year 2: 2020 Association YN: Yes Association Fee: 300 Association Fee Frequency: Monthly Association Name: Laurel Estates at the Glades HOA Association Email: 865-774-0059 Current Price: $1,165,000 Original List Price: 1200000 Sold Price: $1,165,000 Status: Closed Listing Contract Date: 2022-12-12

General Property Information

Lot Size Acres: 0 Above Grade Finished Area: 2348 Below Grade Finished Area: 1164 Below Grade Unfinished Area: 0 Garage YN: No Bathrooms Half: 2 Garage Spaces: 0 Bonus Room YN: No Furnished: Furnished Accessory Dwelling Unit YN: No Sign On Property YN: No Home Warranty YN: No Construction Type: Site Built List Price/SqFt: 341.69 Sold Price/SqFt: 331.72 Living Area: 3512 Bedrooms Total: 4 Bathrooms Total: 6 Bathrooms Full: 4 Year Built: 2017

Remarks and Miscellaneous

Public Remarks: Hilltop Haven is an incredible opportunity to purchase a prime location, well producing short term rental cabin in Gatlinburg! In 2021 the property grossed $165,260.90 (not including cleaning fees, taxes, etc). Equating to a 7.26 Gross Rental Multiplier (GRM) - among the best you'll see in our area. Driving the stellar rental income is its private indoor pool, theater room, and impeccable location in Gatlinburg with the Arts & Crafts Community. The four bedroom, four bath property is well maintained, appointed and decorated. The floor plan lends itself very well to short term rental. The lower level consists of the indoor pool room (with half bath & laundry), theater room, and a bedroom with full bath. On the main level you're welcomed to a large great room area, ample kitchen, half bath, and bedroom with en suite bath. The upstairs features two bedrooms, each with their own private bath along with a large game room/rec room area. The layout enables separating of groups well, while still allowing great common room access for all. The exterior is low maintenance cement board (Hardie Board) siding, saving many thousands of dollars during ownership compared to the regular staining of log cabins or wood sided cabins. Additionally, the covered porch area is much larger than the vast majority of short term rental properties in our area, offering a wonderful outdoor living experience. Being located in the Gatlinburg City Limits, the property has the rare situation of being a short term rental on city water and sewer, so you don't have to worry about well issues or septic failures. The combination of incredible amenities (private indoor pool, theater room, etc) and the extremely convenient location to downtown Gatlinburg makes this property a winner to add to your short term rental portfolio! Directions: From Gatlinburg past the spur turn left onto Dudley Creek Bypass. Go 1.0 mile then turn right to stay on Dudley Creek Rd. Then in 0.5 miles turn left onto East Parkway (321). Travel 1.3 miles and turn left onto Glades Road. In 0.8 miles turn right onto Laurel Lane. Follow the one way road and turn left on to Anastasia Way once you enter the resort. Property is located at 1119 Anastasia (Cabin Name: Hilltop Haven). Lot #9

Status Change Information

Status Change Timestamp: 2023-01-31 Buyer Financing: Conventional Anticipated Closing Date: 2023-01-26 Major Change Timestamp: 2023-01-31T18:29:33Z Major Change Type: Status Change Purchase Contract Date: 2022-12-25 Close Date: 2023-01-31 Close Price: 1165000

Appliances

Dishwasher: 1 Dryer: 1 Electric Range: 1 Microwave: 1 Refrigerator: 1 Washer: 1

Architectural Style

Chalet: 1 Cottage: 1 Craftsman: 1

Association Amenities

Clubhouse: 1 Pool: 1

Association Fee Includes

Maintenance Grounds: 1 Roads: 1

Basement

Crawl Space: 1

Construction Materials

Cement Siding: 1 Frame: 1

Cooling

Central Air: 1 Electric: 1 Heat Pump: 1

Fireplace Features

Fireplaces Total: 2 Gas Log: 1

Flooring

Wood: 1

Heating

Central: 1 Electric: 1 Heat Pump: 1

Interior Features

Ceiling Fan(s): 1 Great Room: 1 High Speed Internet: 1

Laundry Features

Electric Dryer Hookup: 1 Washer Hookup: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1

Parking Features

Driveway: 1 Paved: 1

Patio And Porch Features

Covered: 1 Patio: 1 Porch: 1

Pool Features

Hot Tub: 1 In Ground: 1 Private: 1

Possession

Close Of Escrow: 1

Rental

Rental History: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Security Features

Smoke Detector(s): 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Window Features

Double Pane Windows: 1 Window Treatments: 1

Showing Requirements

Call Listing Agent: 1 Showing Instructions: Call Jay on his cell phone for cabin availability and to obtain the door code and interior pool door code. See additional docs for rental history, disclosures, restrictions, etc. Buyers should verify all information independently including HOA info. Buy Title insurance, have a survey, home inspection, and all other needed inspections.. Square footage taken from CRS - property records. Equal Housing Opportunity See Remarks: 1

Historical Information

Public Historical Remarks: Interior Features: Large Primary Bedroom

Location Tax and Legal

Street Number: 1119 Street Name: Anastasia Street Suffix: Way County: Sevier State: TN Zip Code: 37738 Property Sub Type: Single Family Residence MLS Area Major: Gatlinburg Subdivision Name: Laurel Estates

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Chalet; Cottage; Craftsman Association Amenities: Clubhouse; Pool Association Fee Includes: Maintenance Grounds; Roads Basement: Crawl Space Construction Materials: Cement Siding; Frame Cooling: Central Air; Electric; Heat Pump Fireplace Features: Gas Log Flooring: Wood Heating: Central; Electric; Heat Pump Interior Features: Ceiling Fan(s); Great Room; High Speed Internet Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: 1031 Exchange; Cash; Conventional Parking Features: Driveway; Paved Patio And Porch Features: Covered; Patio; Porch Pool Features: Hot Tub; In Ground; Private Possession: Close Of Escrow Rental: Rental History Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Sewer: Public Sewer Water Source: Public Window Features: Double Pane Windows; Window Treatments Showing Requirements: Call Listing Agent; See Remarks
Listing Office: Smoky Mountain Real Estate Cor
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.