304 Carly Way, "Take My Breath Away", Gatlinburg, TN 37738 (MLS# 251339)

304 Carly Way, "Take My Breath Away", Gatlinburg, TN 37738

$830,000

Virtual Tour

http://tour.usamls.net/304-Carly-Way-Gatlinburg-TN-37738/unbranded

Property Type: Residential Bedrooms: 2 Baths: 2 Square Footage: 2,880 Lot Size (sq. ft.): 77,537 Status: Closed

Current Price: $830,000 List Date: 6/20/2022 Last Modified: 8/30/2024

Overview

Description

What an absolutely incredible opportunity to purchase a cabin on 1.78 acres with a magnificent view just outside of Gatlinburg producing astronomical rental income figures. The property, aptly named "Take My Breath Away" grossed an amazing $104,154 in 2021 and $88,704 in 2020. These figures do NOT include taxes or cleaning fees, strictly the rental rate revenue generated by the cabin. It's able to produce such magnificent numbers for numerous reasons including the panoramic mountain view looking largely into the undisturbed wilderness of the Smoky Mountains National Park where your view won't be cluttered with other cabins in the future. The view is something to behold and is really accentuated from the massive covered porch of the cabin and the large window wall looking out to the panoramic view. The view is only the beginning of the stellar qualities of this property. The deck is very generously sized with ample space for the outdoor dining, grilling, and much more. Inside you'll see ... (Read more) What an absolutely incredible opportunity to purchase a cabin on 1.78 acres with a magnificent view just outside of Gatlinburg producing astronomical rental income figures. The property, aptly named "Take My Breath Away" grossed an amazing $104,154 in 2021 and $88,704 in 2020. These figures do NOT include taxes or cleaning fees, strictly the rental rate revenue generated by the cabin. It's able to produce such magnificent numbers for numerous reasons including the panoramic mountain view looking largely into the undisturbed wilderness of the Smoky Mountains National Park where your view won't be cluttered with other cabins in the future. The view is something to behold and is really accentuated from the massive covered porch of the cabin and the large window wall looking out to the panoramic view. The view is only the beginning of the stellar qualities of this property. The deck is very generously sized with ample space for the outdoor dining, grilling, and much more. Inside you'll see a cabin that has been meticulously updated with the finest features including a luxury theater room, completely remodeled baths with top notch walk in showers, high end vanities, high end furniture throughout, custom pool table, wet bar, strategically placed windows to capture the mountain views, an all wood interior (no sheetrock, and the list goes on and on. The property combines the rare quality (that creates a unique and top producing short term rental) of an excellent panoramic view with privacy & acreage (1.78 acres) to go along with easy access close to Gatlinburg and not far at all off a major road (321). It's the rare unicorn that manages a mountain view without having to travel miles off the main road to get to it - and even has privacy! Throw in the magnificent existing rental history and its a recipe for success as a short term rental cabin. At listing price it's an 8.64 GRM, well below the 10x gross norm for the area. It is one of the larger 2 bedroom cabins you'll see at 2,880 square feet of quality.

Listing Details MLS# 251339

General Property Information

Lot Size Acres: 1.78
Living Area: 2880
Above Grade Finished Area: 1920
Below Grade Finished Area: 960
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Garage YN: No
Year Built: 1996
Bonus Room YN: No
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: 312.47
Sold Price/SqFt: 288.19
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 Amenities: Other Association Fee Includes: Roads Basement: Basement; Finished; Full; Walk-Out Access Construction Materials: Log; Log Siding; Wood Siding Cooling: Central Air; Electric; Heat Pump Fireplace Features: Electric Flooring: Wood Foundation Details: Slab Heating: Electric; Heat Pump Interior Features: Ceiling Fan(s); Great Room; Soaking Tub; Wet Bar Laundry Features: Electric Dryer Hookup; Washer Hookup Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Private; Wooded Parking Features: Driveway; Private Patio And Porch Features: Covered; Deck; Patio; Porch Pool Features: Hot Tub Possession: Close Of Escrow Rental: Off Site; Rental History Road Surface Type: Paved Sewer: Septic Tank View: Mountain(s); Seasonal Water Source: Well Window Features: Double Pane Windows; Window Treatments Showing Requirements: Appointment Only; Call Listing Agent; Call Manager; See Remarks

Location Tax and Legal

Street Number: 304
Street Name: Carly
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Single Family Residence
MLS Area Major: Gatlinburg
Subdivision Name: Other

Contract Information

Original List Price: 899900
Listing Contract Date: 2022-06-20
Owner Name: James Chantler & Danielle Sullivan
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Rental History Gross Amount 1: 104154
Rental History Year 1: 2021
Rental History Gross Amount 2: 88704
Rental History Year 2: 2020
Association YN: Yes
Association Fee: 600
Association Fee Frequency: Annually
Association Name: James Hover - Laurel Highlands HOA
Association Email: N/A
Association Type: Mandatory

Remarks and Miscellaneous

Public Remarks: What an absolutely incredible opportunity to purchase a cabin on 1.78 acres with a magnificent view just outside of Gatlinburg producing astronomical rental income figures. The property, aptly named "Take My Breath Away" grossed an amazing $104,154 in 2021 and $88,704 in 2020. These figures do NOT include taxes or cleaning fees, strictly the rental rate revenue generated by the cabin. It's able to produce such magnificent numbers for numerous reasons including the panoramic mountain view looking largely into the undisturbed wilderness of the Smoky Mountains National Park where your view won't be cluttered with other cabins in the future. The view is something to behold and is really accentuated from the massive covered porch of the cabin and the large window wall looking out to the panoramic view. The view is only the beginning of the stellar qualities of this property. The deck is very generously sized with ample space for the outdoor dining, grilling, and much more. Inside you'll see a cabin that has been meticulously updated with the finest features including a luxury theater room, completely remodeled baths with top notch walk in showers, high end vanities, high end furniture throughout, custom pool table, wet bar, strategically placed windows to capture the mountain views, an all wood interior (no sheetrock, and the list goes on and on. The property combines the rare quality (that creates a unique and top producing short term rental) of an excellent panoramic view with privacy & acreage (1.78 acres) to go along with easy access close to Gatlinburg and not far at all off a major road (321). It's the rare unicorn that manages a mountain view without having to travel miles off the main road to get to it - and even has privacy! Throw in the magnificent existing rental history and its a recipe for success as a short term rental cabin. At listing price it's an 8.64 GRM, well below the 10x gross norm for the area. It is one of the larger 2 bedroom cabins you'll see at 2,880 square feet of quality.
Directions: From Gatlinburg, take 321 towards Cosby. Turn left onto Branam Hollow Road. After 100', turn right onto Church Drive. Left into Laurel Highlands subdivision. On Highlands Way proceed to 3rd home on right at Carly Way (the driveway is basically at the corner of Highlands Way & Carly Way on your right. See sign Take My Breath Away

Status Change Information

Major Change Timestamp: 2022-08-22T17:18:38Z
Major Change Type: Status Change
Status Change Timestamp: 2022-08-22
Purchase Contract Date: 2022-07-19
Close Date: 2022-08-22
Close Price: 830000
Buyer Financing: Conventional
Anticipated Closing Date: 2022-08-22

More Information

Showing Requirements

Showing Instructions: The cabin is open from the time of listing until a check in on Wednesday, June 22nd. Please text Jay at (865) 809-8600 for the door code. I am going to be out of the country until the 26th, but will be doing my best to keep connected. But if I am not responding back quickly, please email the management company at cabininfo@elkspringsresort.com. Let them know you are an agent and looking to view the property named "Take My Breath Away" at 304 Carly Way. They typically respond very quickly with setting up codes via email. Buyer to verify square footage, HOA, & other information to their satisfaction. Most information included is taken from tax records, which shall be considered reliable but not guaranteed. Some photos may differ from the current exact contents/furniture within the property. See the additional docs for disclosures, personal property agreement, etc.
Appointment Only: Yes
Call Listing Agent: Yes
Call Manager: Yes
See Remarks: Yes

Historical Information

Public Historical Remarks: Interior Features: Large Primary Bedroom

Location, Tax, and Legal

Street Additional Info: "Take My Breath Away"
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 16
Book/Page/Doc #: 4897, 603
Tax Annual Amount: 1517
Tax Year: 2021

Appliances

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

Architectural Style

Cabin: Yes
Log: Yes

Association Amenities

Other: Yes

Association Fee Includes

Roads: Yes

Basement

Basement: Yes
Finished: Yes
Full: Yes
Walk-Out Access: Yes

Construction Materials

Log: Yes
Log Siding: Yes
Wood Siding: Yes

Cooling

Central Air: Yes
Electric: Yes
Heat Pump: Yes

Fireplace Features

Electric: Yes

Flooring

Wood: Yes

Foundation Details

Slab: Yes

Heating

Electric: Yes
Heat Pump: Yes

Interior Features

Ceiling Fan(s): Yes
Great Room: Yes
Soaking Tub: Yes
Wet Bar: Yes

Laundry Features

Electric Dryer Hookup: Yes
Washer Hookup: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Lot Features

Private: Yes
Wooded: Yes

Parking Features

Driveway: Yes
Private: Yes

Patio And Porch Features

Covered: Yes
Deck: Yes
Patio: Yes
Porch: Yes

Pool Features

Hot Tub: Yes

Possession

Close Of Escrow: Yes

Rental

Off Site: Yes
Rental History: Yes

Road Surface Type

Paved: Yes

Sewer

Septic Tank: Yes

View

Mountain(s): Yes
Seasonal: Yes

Water Source

Well: Yes

Window Features

Double Pane Windows: Yes
Window Treatments: Yes

Listing Office: Smoky Mountain Real Estate Cor

Last Updated: August - 30 - 2024

Information deemed reliable but not guaranteed.

Geoff Hill, Realtor Lic. No. 322967 Prime Mountain Properties, Lic. No. 259072

304 Carly Way, “Take My Breath Away”, Gatlinburg, TN 37738 (MLS# 251339)