1619 E Parkway, 1619 Parkway Terrace, Gatlinburg, TN 37738
$975,000
Property Type:
Residential
Bedrooms:
2
Baths:
4
Square Footage:
3,191
Lot Size (sq. ft.):
32,670
Status:
Closed
Current Price:
$975,000
List Date:
2/16/2022
Last Modified:
8/27/2024
Description
With each passing year the Short Term Rental game gets more and more aggressive. Its important to have properties that stand out or that are unique. Well here it is. This 3 bedroom home has over 3,000 sqft and a ton of opportunity. It has been a successful rental for many years and was one of the first pool cabins in the area. This property has generated just under $130,000 in gross rents during its best years. It sits on just under 1 acre in the Arts & Crafts area of Gatlinburg. This unique home offers a split level floor plan, open concept, and full indoor pool. This is a not a splash pool, but a full freeform gunite pool. The main level offers full kitchen, large living room with wood burning fireplace, master bedroom with ensuite bathroom, full utility room with washer/dryer, and access to the 2 car garage. The second bedroom is on the main level as well. The pool room is just off the main foyer and has a wall of glass to showcase the mountain views. The lower level has an additional great room that would make an amazing game or rec room, an additional bedroom, bathroom and access to the lower level patio. Both patios offer great mountain views. Endless opportunities to make this property an amazing rental like no other. See addendum for rental restriction and minimum stay. Income info, survey, sqft measurements, updates list, and floor plan are all available and uploaded in the MLS. Drone photos included in this listing.
More Information MLS# 247474
Location, Tax, and Legal
Street Additional Info: 1619 Parkway Terrace
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 3
Book/Page/Doc #: 524, 140
Tax Annual Amount: 1615.88
Tax Year: 2019
Contract Information
Owner Name: Andes
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Rental History Gross Amount 1: 106754
Rental History Year 1: 2020
Rental History Gross Amount 2: 74696
Rental History Year 2: 2021
Association YN: No
Current Price: $975,000
Original List Price: 1250000
Sold Price: $975,000
Status: Closed
Listing Contract Date: 2022-02-16
General Property Information
Lot Size Acres: 0.75
Above Grade Finished Area: 3191
Below Grade Finished Area: 0
Below Grade Unfinished Area: 0
Garage YN: Yes
Bathrooms Half: 1
Attached Garage YN: Yes
Garage Spaces: 2
Bonus Room YN: Yes
Number of Bonus Rooms: 2
Furnished: Furnished
Accessory Dwelling Unit YN: No
Sign On Property YN: No
Home Warranty YN: No
Construction Type: Site Built
View YN: Yes
List Price/SqFt: 391.73
Sold Price/SqFt: 305.55
Living Area: 3191
Bedrooms Total: 2
Bathrooms Total: 4
Bathrooms Full: 3
Year Built: 1980
Remarks and Miscellaneous
Public Remarks: With each passing year the Short Term Rental game gets more and more aggressive. Its important to have properties that stand out or that are unique. Well here it is. This 3 bedroom home has over 3,000 sqft and a ton of opportunity. It has been a successful rental for many years and was one of the first pool cabins in the area. This property has generated just under $130,000 in gross rents during its best years. It sits on just under 1 acre in the Arts & Crafts area of Gatlinburg. This unique home offers a split level floor plan, open concept, and full indoor pool. This is a not a splash pool, but a full freeform gunite pool. The main level offers full kitchen, large living room with wood burning fireplace, master bedroom with ensuite bathroom, full utility room with washer/dryer, and access to the 2 car garage. The second bedroom is on the main level as well. The pool room is just off the main foyer and has a wall of glass to showcase the mountain views. The lower level has an additional great room that would make an amazing game or rec room, an additional bedroom, bathroom and access to the lower level patio. Both patios offer great mountain views. Endless opportunities to make this property an amazing rental like no other. See addendum for rental restriction and minimum stay. Income info, survey, sqft measurements, updates list, and floor plan are all available and uploaded in the MLS. Drone photos included in this listing.
Directions: **Use the address 1619 Parkway Terrace for your GPS. If you use the E Parkway address, you will never arrive. From Gatlinburg take Hwy 321 east to a left on Glades Rd. Follow Glades Rd to a left at the blinking light (Powdermill Rd). Follow Powdermill to a slight left on to Valley Dr. Follow Valley Dr to a slight left onto Lake Dr. Take Lake Dr to a right on Parkway Terrace.
Status Change Information
Status Change Timestamp: 2022-05-19
Buyer Financing: Conventional
Anticipated Closing Date: 2022-05-17
Major Change Timestamp: 2022-05-19T17:06:54Z
Major Change Type: Status Change
Purchase Contract Date: 2022-04-01
Close Date: 2022-05-19
Close Price: 975000
Appliances
Dishwasher: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Refrigerator: 1
Washer: 1
Architectural Style
Cottage: 1
Country: 1
Ranch: 1
Split Level: 1
Attic Features
Pull-Down Stairs: 1
Basement
Basement: 1
Exterior Entry: 1
Finished: 1
Walk-Out Access: 1
Construction Materials
Block: 1
Brick: 1
Frame: 1
Stucco: 1
Wood Siding: 1
Cooling
Central Air: 1
Heat Pump: 1
Exterior Features
Rain Gutters: 1
Storage: 1
Fencing
Fenced: 1
Fireplace Features
Fireplaces Total: 1
Wood Burning: 1
Heating
Central: 1
Heat Pump: 1
Interior Features
Ceiling Fan(s): 1
Great Room: 1
Soaking Tub: 1
Solid Surface Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Two: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Other Equipment
Satellite Dish Owned: 1
Other Structures
Outbuilding: 1
Parking Features
Driveway: 1
Garage Door Opener: 1
Paved: 1
Patio And Porch Features
Patio: 1
Porch: 1
Pool Features
Hot Tub: 1
In Ground: 1
Private: 1
Possession
Close Of Escrow: 1
Rental
Off Site: 1
Rental History: 1
Road Frontage Type
County Road: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Security Features
Security System: 1
Smoke Detector(s): 1
Sewer
Septic Tank: 1
Septic Permit On File: 1
View
Mountain(s): 1
Water Source
Shared Well: 1
Window Features
Skylight(s): 1
Window Treatments: 1
Showing Requirements
Appointment Only: 1
Showing Instructions: To schedule a showing, call/text Christian Maloney at 865-809-3344. Cabin is on rental with Cabins For You. Cabin must remain on the CFY program for a period of 90 days after closing. Please include that verbiage in a standalone addendum. **ALL OFFERS TO INCLUDE ALL ASSOCIATED DOCUMENT DISCLOSURES** and to be sent to matthew@anniemaloney.com.
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Location Tax and Legal
Street Number: 1619
Street Name: E
Street Suffix: Parkway
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Single Family Residence
MLS Area Major: Gatlinburg
Subdivision Name: Oak Valley
Property Features
Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style: Cottage; Country; Ranch; Split Level
Attic Features: Pull-Down Stairs
Basement: Basement; Exterior Entry; Finished; Walk-Out Access
Construction Materials: Block; Brick; Frame; Stucco; Wood Siding
Cooling: Central Air; Heat Pump
Exterior Features: Rain Gutters; Storage
Fencing: Fenced
Fireplace Features: Wood Burning
Heating: Central; Heat Pump
Interior Features: Ceiling Fan(s); Great Room; Soaking Tub; Solid Surface Counters
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Two
Listing Terms: 1031 Exchange; Cash; Conventional
Other Equipment: Satellite Dish Owned
Other Structures: Outbuilding
Parking Features: Driveway; Garage Door Opener; Paved
Patio And Porch Features: Patio; Porch
Pool Features: Hot Tub; In Ground; Private
Possession: Close Of Escrow
Rental: Off Site; Rental History
Road Frontage Type: County Road
Road Surface Type: Paved
Roof: Composition
Security Features: Security System; Smoke Detector(s)
Sewer: Septic Tank; Septic Permit On File
View: Mountain(s)
Water Source: Shared Well
Window Features: Skylight(s); Window Treatments
Showing Requirements: Appointment Only; See Remarks
Listing Office:
Prime Mountain Properties
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.