1939 Elk Springs Way, Blackjack, Gatlinburg, TN 37738
$900,000
Property Type:
Residential
Bedrooms:
3
Baths:
3
Square Footage:
2,554
Status:
Closed
Current Price:
$900,000
List Date:
1/10/2022
Last Modified:
8/29/2024
Listing Details MLS# 246846
General Property Information
- Living Area
- 2554
- Above Grade Finished Area
- 1555
- Below Grade Finished Area
- 999
- Bedrooms Total
- 3
- Bathrooms Total
- 3
- Bathrooms Full
- 3
- Garage YN
- No
- Year Built
- 2006
- Bonus Room YN
- No
- Accessory Dwelling Unit YN
- No
- Sign On Property YN
- No
- Home Warranty YN
- No
- Furnished
- Furnished
- Construction Type
- Site Built
- List Price/SqFt
- 319.11
- Sold Price/SqFt
- 352.39
- Lot Size Acres
- 0
- Below Grade Unfinished Area
- 0
- Bathrooms Half
- 0
- Garage Spaces
- 0
Property Features
Appliances:
Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer
Architectural Style:
Cabin; Log
Association Fee Includes:
Cable TV; Internet; Maintenance Grounds; Roads; Water
Construction Materials:
Log; Log Siding; Wood Siding
Cooling:
Heat Pump
Exterior Features:
Rain Gutters
Fireplace Features:
Gas Log
Flooring:
Wood
Interior Features:
Cathedral Ceiling(s); Ceiling Fan(s); High Speed Internet; Soaking Tub
Laundry Features:
Electric Dryer Hookup; Washer Hookup
Listing Terms:
1031 Exchange; Cash; Conventional
Parking Features:
Driveway; Paved; Private
Patio And Porch Features:
Covered; Deck; Porch
Pool Features:
Hot Tub
Possession:
Close Of Escrow
Rental:
Rental History
Road Frontage Type:
Private Road
Road Surface Type:
Paved
Roof:
Metal
Security Features:
Smoke Detector(s)
Sewer:
Shared Septic
Utilities:
Cable Available
Water Source:
Public
Window Features:
Double Pane Windows; Window Treatments
Showing Requirements:
Appointment Only; Call Listing Agent; See Remarks
Location Tax and Legal
- Street Number
- 1939
- Street Name
- Elk Springs
- Street Suffix
- Way
- County
- Sevier
- State
- TN
- Zip Code
- 37738
- Property Sub Type
- Single Family Residence
- MLS Area Major
- Gatlinburg
- Subdivision Name
- Elk Springs Resort
Contract Information
- Original List Price
- 815000
- Listing Contract Date
- 2022-01-10
- Owner Name
- Andrew Gladstein and Corrie E. Gladstein
- Listing Agreement
- Exclusive Right To Sell
- Occupancy
- Either
- Common Interest
- Planned Development
- Rental History Gross Amount 1
- 105563
- Rental History Year 1
- 2021
- Association YN
- Yes
- Association Fee
- 150
- Association Fee Frequency
- Monthly
- Association Name
- Elk Springs Resort HOA
- Association Email
- andy@elkspringsresort.com
- Association Type
- Mandatory
Remarks and Miscellaneous
- Public Remarks
- "Blackjack" is a fantastic opportunity to purchase a great revenue producing rental cabin in the Smokies. Ideally situated in the Gatlinburg Arts & Crafts community just east of Gatlinburg, the cabin produced a whopping $105,563 in rental revenue for 2021. This does NOT include cleaning fees, taxes, or any other additional fees. It is strictly rental revenue. At the current listing price, the GRM (gross rental multiplier) of the cabin is 7.72 which is far less (better for a buyer) than the current average for cabins sold in Sevier County. The three bedroom, three bath cabin has massive deck space, a soaring ceiling in the family room area with a huge fireplace, theater area, and many recent updates. Included within the updates are the kitchen counters, some furniture, and other items to keep the cabin well maintained for short term rental. The HOA fees of $150 per month are quite possibly the best bang for your buck in all of Sevier County. The $150 HOA fee includes the Xfinity cable/internet and the water. Just those utilities alone are often well above $150 for cabins in our market. Additionally, the cabin offers a rarity for cabins in our market - natural gas through Sevier County Utility District (SCUD). Which is wonderful for the gas fireplace and other gas items such as a grill. If a new owner chose, this property has the capability, which has been explored by the owner, to add a detached indoor pool house to boost the rental income even more and provide an extra amenity to your short term rental guests. The seller has a contractor and design ready for such an endeavor should a new buyer be interested. The property is easily accessed without steep roads near the front of the subdivision and just minutes from downtown Gatlinburg and even closer to the Gatlinburg Arts & Crafts Community on Glades Road. Please note some photos differ from the current exact contents/furniture/TVs within the property and kitchen counters.
- Directions
- From Gatlinburg take 321 East to Glades Road. Follow Glades Road to a left on Powdermill Road. Take Powdermill Road to a right onto Elk Springs Way. Travel a short distance and veer left. The cabin is on your right located at 1939 Elk Springs Way (Cabin name: Blac
Status Change Information
- Major Change Timestamp
- 2022-02-16T18:04:26Z
- Major Change Type
- Status Change
- Status Change Timestamp
- 2022-02-16
- Purchase Contract Date
- 2022-01-14
- Close Date
- 2022-02-16
- Close Price
- 900000
- Buyer Financing
- Conventional
- Anticipated Closing Date
- 2022-02-15
More Information
Fireplace Features
- Fireplaces Total
- Yes
- Gas Log
- Yes
Showing Requirements
- Showing Instructions
- Subdivision restrictions require ESR as management company. Self management not allowed per restrictions. MULTIPLE OFFERS. Seller requests all offers to be in no later than Thursday, January 13th at 5:00pm with a time limit of response in the offer and the seller making a decision by Friday, January 14th at 10am. Call/text Jay on his cell for the code to show the cabin. Fantastic rental management company split available depending on offer and buyer. Contact Jay for details. Easy to show from original listing date Monday, January 10, 2022 until a check in on Thursday, January 13th. Some information taken from tax records and owner & deemed reliable but not verified. Some photos differ from the current exact contents/furniture/TVs within the property and kitchen counters. 2021 UTILITIES: SCES ($2,569) - Gas (SCUD) $1,256.71 - Septic (TN Wastewater/Adenus) $1,086.20 - Water, Xfinity Cable, & Internet are included within the HOA fee ($150/month or $1,800/year)
- Appointment Only
- Yes
- Call Listing Agent
- Yes
- See Remarks
- Yes
Historical Information
- Public Historical Remarks
- Interior Features: Large Primary Bedroom
Location, Tax, and Legal
- Street Additional Info
- Blackjack
- Restrictive Covenants YN
- Yes
- Zoning
- R-1
- Zoning Entity
- Sevier County
- Tax Lot
- 96
- Book/Page/Doc #
- 2442, 180
- Tax Annual Amount
- 1343.49
- Tax Year
- 2019
Appliances
- Dishwasher
- Yes
- Dryer
- Yes
- Electric Range
- Yes
- Microwave
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Architectural Style
- Cabin
- Yes
- Log
- Yes
Association Fee Includes
- Cable TV
- Yes
- Internet
- Yes
- Maintenance Grounds
- Yes
- Roads
- Yes
- Water
- Yes
Construction Materials
- Log
- Yes
- Log Siding
- Yes
- Wood Siding
- Yes
Cooling
- Heat Pump
- Yes
Exterior Features
- Rain Gutters
- Yes
Flooring
- Wood
- Yes
Interior Features
- Cathedral Ceiling(s)
- Yes
- Ceiling Fan(s)
- Yes
- High Speed Internet
- Yes
- Soaking Tub
- Yes
Laundry Features
- Electric Dryer Hookup
- Yes
- Washer Hookup
- Yes
Listing Terms
- 1031 Exchange
- Yes
- Cash
- Yes
- Conventional
- Yes
Parking Features
- Driveway
- Yes
- Paved
- Yes
- Private
- Yes
Patio And Porch Features
- Covered
- Yes
- Deck
- Yes
- Porch
- Yes
Pool Features
- Hot Tub
- Yes
Possession
- Close Of Escrow
- Yes
Rental
- Rental History
- Yes
Road Frontage Type
- Private Road
- Yes
Road Surface Type
- Paved
- Yes
Roof
- Metal
- Yes
Security Features
- Smoke Detector(s)
- Yes
Sewer
- Shared Septic
- Yes
Utilities
- Cable Available
- Yes
Water Source
- Public
- Yes
Window Features
- Double Pane Windows
- Yes
- Window Treatments
- Yes
Listing Office:
Smoky Mountain Real Estate Cor
Last Updated: August - 29 - 2024
Information deemed reliable but not guaranteed.