314 Rodeo Drive, Gatlinburg, TN 37738
$1,019,000
Property Type:
Residential
Bedrooms:
8
Baths:
7
Square Footage:
4,956
Lot Size (sq. ft.):
222,592
Status:
Closed
Current Price:
$1,019,000
List Date:
2/18/2024
Last Modified:
8/30/2024
Description
Fantastic estate in Cobbly Nob! Privately situated on over 5 acres, this sprawling lodge overlooks the national park and has everything you need for entertaining. It comfortably accommodates up to 24, with 8 bedrooms plus a bonus sleeping area, and 8 full bathrooms. The large chef's kitchen features a 6-burner Wolf range, and a dedicated dining room has plentiful seating for all guests. Don't miss the game room and theater room, and there's even a dedicated office space. Expansive decks take in the views of the national park, and a large yard allows for plenty of outdoor activities. Enjoy the privacy of no visible neighbors, yet the community amenities including multiple pools and tennis courts are just moments away. This property has been a successful rental with $164k in rents alone in the past 12 months and a rating of 4.98 stars with 97 reviews on AirBNB!. The owner has done extensive updates, including a brand new roof in 2023, replacing carpet with LVP, painting, creating the theater room with stadium-style seating, new hot tub, and extensive new furniture and fixtures, along with a Phyn water monitor. There is a section of foundation in need of repair; foundation quote of $16,687 in docs. Property needs general TLC and some siding repair. Seller is willing to extend a credit to buyer in lieu of repairs. Drone photography used.
More Information MLS# 268479
Location, Tax, and Legal
New Construction YN: No
Restrictive Covenants YN: Yes
Zoning: A-1
Zoning Entity: Sevier County
Parcel Number: 110 030.02
Tax Lot: -
Book/Page/Doc #: 5454, 216
Tax Annual Amount: 2665.85
Tax Year: 2022
Contract Information
Association Type: Mandatory
Auction YN: No
Owner Name: Asr Gatlinburg Property
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Association YN: Yes
Association Fee: 1814
Association Fee Frequency: Annually
Association Name: Cobbly Nob POA
Association Phone: (865) 436-9630
Association Email: admin@cnpoa.org
Current Price: $1,019,000
Original List Price: 1350000
Sold Price: $1,019,000
Status: Closed
Listing Contract Date: 2024-02-17
General Property Information
Stories Total: 3
Lot Size Acres: 5.11
Above Grade Finished Area: 3913
Below Grade Finished Area: 1043
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 0
Garage Spaces: 0
Fireplace YN: Yes
Bonus Room YN: Yes
Number of Bonus Rooms: 5
Bonus Room Type(s): Sleeping, Theater, Recreation
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: 227
Sold Price/SqFt: 205.61
Living Area: 4956
Bedrooms Total: 8
Bathrooms Total: 7
Bathrooms Full: 7
Year Built: 1986
Remarks and Miscellaneous
Public Remarks: Fantastic estate in Cobbly Nob! Privately situated on over 5 acres, this sprawling lodge overlooks the national park and has everything you need for entertaining. It comfortably accommodates up to 24, with 8 bedrooms plus a bonus sleeping area, and 8 full bathrooms. The large chef's kitchen features a 6-burner Wolf range, and a dedicated dining room has plentiful seating for all guests. Don't miss the game room and theater room, and there's even a dedicated office space. Expansive decks take in the views of the national park, and a large yard allows for plenty of outdoor activities. Enjoy the privacy of no visible neighbors, yet the community amenities including multiple pools and tennis courts are just moments away. This property has been a successful rental with $164k in rents alone in the past 12 months and a rating of 4.98 stars with 97 reviews on AirBNB!. The owner has done extensive updates, including a brand new roof in 2023, replacing carpet with LVP, painting, creating the theater room with stadium-style seating, new hot tub, and extensive new furniture and fixtures, along with a Phyn water monitor. There is a section of foundation in need of repair; foundation quote of $16,687 in docs. Property needs general TLC and some siding repair. Seller is willing to extend a credit to buyer in lieu of repairs. Drone photography used.
Directions: From Downtown Gatlinburg: take East Parkway 11.1 miles until you pass Bent Creek Golf Club. Just past Bent Creek, turn left onto Butler Branch Road. After 0.6 miles, veer left onto Rodeo Rd. then take a hard left to follow Rodeo Rd. Property will be on the left.
Status Change Information
Status Change Timestamp: 2024-06-12
Buyer Financing: Conventional
Concessions Comments: Total of $98,998 in credits ($19,000 towards closing expenses, balance towards repairs)
Anticipated Closing Date: 2024-06-05
Major Change Timestamp: 2024-06-12T18:05:41Z
Major Change Type: Status Change
Price Change Timestamp: 2024-04-19T19:18:52Z
Purchase Contract Date: 2024-05-01
Close Date: 2024-06-10
Close Price: 1019000
Appliances
Dishwasher: 1
Dryer: 1
Gas Range: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Self Cleaning Oven: 1
Washer: 1
Architectural Style
Cabin: 1
Log: 1
Association Amenities
Pool: 1
Tennis Court(s): 1
Association Fee Includes
Roads: 1
Security: 1
Attic Features
None: 1
Basement
Finished: 1
Construction Materials
Frame: 1
Log Siding: 1
Masonry: 1
Cooling
Central Air: 1
Fireplace Features
Fireplaces Total: 3
Blower Fan: 1
Electric: 1
Free Standing: 1
Foundation Details
Combination: 1
Heating
Central: 1
Interior Features
Ceiling Fan(s): 1
Formal Dining: 1
Great Room: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Three Or More: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Private: 1
Patio And Porch Features
Covered: 1
Deck: 1
Patio: 1
Screened: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Road Frontage Type
Private Road: 1
Roof
Composition: 1
Sewer
Septic Tank: 1
View
Mountain(s): 1
Water Source
Public: 1
Showing Requirements
Showing Instructions: Text Julie at 615-568-6195 to show. Sold AS IS. Needed repairs include: replacing areas of siding and fascia that show moisture damage; areas around windows and doors that show moisture damage; foundation bowing and displacement in the forward-most part of the cabin. Structural engineering report from 7/23 in docs, along with excerpts from inspections when seller purchased in 2019 showing foundation condition. Seller will credit $50,000 towards these repairs with acceptable offer. ALL OFFERS should be made with awareness of these aspects, and property has been priced accordingly. All information taken from seller or tax records and is deemed reliable but not guaranteed; buyer or buyer's agent to verify anything of importance. AirBNB: https://www.airbnb.com/rooms/41514526 VRBO: https://www.vrbo.com/9331735ha
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom, Fireplace: 3 or More
Location Tax and Legal
Street Number: 314
Street Name: Rodeo
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Single Family Residence
MLS Area Major: Cobbly Nob
Subdivision Name: Cobbly Nob
Property Features
Appliances: Dishwasher; Dryer; Gas Range; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer
Architectural Style: Cabin; Log
Association Amenities: Pool; Tennis Court(s)
Association Fee Includes: Roads; Security
Attic Features: None
Basement: Finished
Construction Materials: Frame; Log Siding; Masonry
Cooling: Central Air
Fireplace Features: Blower Fan; Electric; Free Standing
Foundation Details: Combination
Heating: Central
Interior Features: Ceiling Fan(s); Formal Dining; Great Room
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Three Or More
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: Private
Patio And Porch Features: Covered; Deck; Patio; Screened
Pool Features: Hot Tub
Possession: Close Of Escrow
Road Frontage Type: Private Road
Roof: Composition
Sewer: Septic Tank
View: Mountain(s)
Water Source: Public
Listing Office:
eXp Realty, LLC 7720
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.