1619 E Parkway, 1619 Parkway Terrace, Gatlinburg, TN 37738 (MLS# 247474)

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

Overview

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 addition ...

Listing Details MLS# 247474

General Property Information

Lot Size Acres
0.75
Living Area
3191
Above Grade Finished Area
3191
Bedrooms Total
2
Bathrooms Total
4
Bathrooms Full
3
Bathrooms Half
Yes
Garage YN
Yes
Attached Garage YN
Yes
Garage Spaces
2
Year Built
1980
Bonus Room YN
Yes
Number of Bonus Rooms
2
Accessory Dwelling Unit YN
No
Sign On Property YN
No
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
View YN
Yes
List Price/SqFt
391.73
Sold Price/SqFt
305.55
Below Grade Finished Area
0
Below Grade Unfinished Area
0

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

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

Contract Information

Original List Price
1250000
Listing Contract Date
2022-02-16
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

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

Major Change Timestamp
2022-05-19T17:06:54Z
Major Change Type
Status Change
Status Change Timestamp
2022-05-19
Purchase Contract Date
2022-04-01
Close Date
2022-05-19
Close Price
975000
Buyer Financing
Conventional
Anticipated Closing Date
2022-05-17

More Information

Fireplace Features

Fireplaces Total
Yes
Wood Burning
Yes

Showing Requirements

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.
Appointment Only
Yes
See Remarks
Yes

Historical Information

Public Historical Remarks
Interior Features: Large Primary Bedroom

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

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Architectural Style

Cottage
Yes
Country
Yes
Ranch
Yes
Split Level
Yes

Attic Features

Pull-Down Stairs
Yes

Basement

Basement
Yes
Exterior Entry
Yes
Finished
Yes
Walk-Out Access
Yes

Construction Materials

Block
Yes
Brick
Yes
Frame
Yes
Stucco
Yes
Wood Siding
Yes

Cooling

Central Air
Yes
Heat Pump
Yes

Exterior Features

Rain Gutters
Yes
Storage
Yes

Fencing

Fenced
Yes

Heating

Central
Yes
Heat Pump
Yes

Interior Features

Ceiling Fan(s)
Yes
Great Room
Yes
Soaking Tub
Yes
Solid Surface Counters
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Two
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Other Equipment

Satellite Dish Owned
Yes

Other Structures

Outbuilding
Yes

Parking Features

Driveway
Yes
Garage Door Opener
Yes
Paved
Yes

Patio And Porch Features

Patio
Yes
Porch
Yes

Pool Features

Hot Tub
Yes
In Ground
Yes
Private
Yes

Possession

Close Of Escrow
Yes

Rental

Off Site
Yes
Rental History
Yes

Road Frontage Type

County Road
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Security Features

Security System
Yes
Smoke Detector(s)
Yes

Sewer

Septic Tank
Yes
Septic Permit On File
Yes

View

Mountain(s)
Yes

Water Source

Shared Well
Yes

Window Features

Skylight(s)
Yes
Window Treatments
Yes
Listing Office: Prime Mountain Properties
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.
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