264 Laurel Oaks Way, Gatlinburg, TN 37738 (MLS# 251510)

264 Laurel Oaks Way, Gatlinburg, TN 37738

$1,200,000
Property Type: Residential Bedrooms: 4 Baths: 5 Square Footage: 2,304 Lot Size (sq. ft.): 436 Status: Closed
Current Price: $1,200,000 List Date: 6/28/2022 Last Modified: 8/27/2024

Overview

Description

LOCATION-LUXURY-VIEWS!!! This newly built 4 bedroom/4.5 bathroom cabin is only 1 mile from the Parkway in Downtown Gatlinburg & has Beautiful Mountain Views. Smoky Mountain Luxury Lodge has everything you could want in a Smoky Mountain vacation home or investment property. Built in 2018 includes 4 King suites with private bathrooms and decked out with top of the line furnishings and amenities. Custom built solid wood furniture throughout (72K in Furniture). All furniture, appliances, games etc convey. On City Water, City Sewer, AND Natural Gas. Currently over 105K on the books since last October, and projected to do over 125K for 2022. (see rental numbers in docs). The cabin is available to show on 6/28 and 6/29. See the virtual tour at the following link https://my.matterport.com/show/?m=v4529PGVjqi

Listing Details MLS# 251510

General Property Information

Lot Size Acres
0.01
Living Area
2304
Above Grade Finished Area
2304
Bedrooms Total
4
Bathrooms Total
5
Bathrooms Full
4
Bathrooms Half
Yes
Year Built
2018
Bonus Room YN
Yes
Bonus Room Type(s)
Rec Room
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
563.8
Sold Price/SqFt
520.83
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Cabin; Chalet; Log Association Amenities: Other Association Fee Includes: Insurance; Maintenance Grounds; Maintenance Structure; Roads; Water Attic Features: None Basement: Finished Construction Materials: Block; Frame; Log Siding; Wood Siding Cooling: Central Air Exterior Features: Rain Gutters Fireplace Features: Gas Log Foundation Details: Slab Heating: Central Interior Features: Cathedral Ceiling(s); Ceiling Fan(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Wooded Patio And Porch Features: Covered; Porch Pool Features: Hot Tub Possession: Close Of Escrow Rental: Rental History Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Sewer: Public Sewer View: Mountain(s) Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent

Location Tax and Legal

Street Number
264
Street Name
Laurel Oaks
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Single Family Residence
MLS Area Major
Gatlinburg
Subdivision Name
Laurel Oaks

Contract Information

Original List Price
1299000
Listing Contract Date
2022-06-28
Owner Name
James H Morgan Jr.
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Common Interest
Planned Development
Rental History Gross Amount 1
125000
Association YN
Yes
Association Fee
450
Association Fee Frequency
Quarterly
Association Name
Laurel Oaks
Association Email
None Listed
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
LOCATION-LUXURY-VIEWS!!! This newly built 4 bedroom/4.5 bathroom cabin is only 1 mile from the Parkway in Downtown Gatlinburg & has Beautiful Mountain Views. Smoky Mountain Luxury Lodge has everything you could want in a Smoky Mountain vacation home or investment property. Built in 2018 includes 4 King suites with private bathrooms and decked out with top of the line furnishings and amenities. Custom built solid wood furniture throughout (72K in Furniture). All furniture, appliances, games etc convey. On City Water, City Sewer, AND Natural Gas. Currently over 105K on the books since last October, and projected to do over 125K for 2022. (see rental numbers in docs). The cabin is available to show on 6/28 and 6/29. See the virtual tour at the following link https://my.matterport.com/show/?m=v4529PGVjqi
Directions
From U.S. Hwy. 321 North heading from downtown Gatlinburg, go for approx. 1 mi. Then take a left onto West Ogle Drive (the first left after the Alamo Steakhouse). Continue on West Ogle Drive, until you reach Oglewood Drive, and continue on Oglewood. This road will become Laurel Oaks Way, and continue onto Laurel Oaks for approx. 0.6 mi. Home is on your left, and is called ''Smoky Mountain Luxury Lodge''

Status Change Information

Major Change Timestamp
2022-11-04T17:19:16Z
Major Change Type
Status Change
Status Change Timestamp
2022-11-04
Purchase Contract Date
2022-08-30
Close Date
2022-11-04
Close Price
1200000
Buyer Financing
Cash
Anticipated Closing Date
2022-11-04

More Information

Showing Requirements

Showing Instructions
Contact Austen for Showings. Cabin is open on 6/28 and 6/29. Guests Check-In on 6/30. Cabin currently on a rental program with Venture Resorts (Contact Info: Mitch Thompson 865-591-2403) - They will honor an 85/15 split. Cabin required to stay on Venture's management program for at least 60 days after closing. The only items that do not convey are towels and linens from the management company.
Appointment Only
Yes
Call Listing Agent
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-1
Zoning Entity
Gatlinburg
Tax Lot
/19
Book/Page/Doc #
5909, 118
Tax Annual Amount
2153.24
Tax Year
2021

Appliances

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

Architectural Style

Cabin
Yes
Chalet
Yes
Log
Yes

Association Amenities

Other
Yes

Association Fee Includes

Insurance
Yes
Maintenance Grounds
Yes
Maintenance Structure
Yes
Roads
Yes
Water
Yes

Attic Features

None
Yes

Basement

Finished
Yes

Construction Materials

Block
Yes
Frame
Yes
Log Siding
Yes
Wood Siding
Yes

Cooling

Central Air
Yes

Exterior Features

Rain Gutters
Yes

Fireplace Features

Gas Log
Yes

Foundation Details

Slab
Yes

Heating

Central
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Ceiling Fan(s)
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Two
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Lot Features

Wooded
Yes

Patio And Porch Features

Covered
Yes
Porch
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Rental

Rental History
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

View

Mountain(s)
Yes

Water Source

Public
Yes
Listing Office: eXp Realty, LLC Maryville
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.
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