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.