416 Deer Path Lane, Gatlinburg, TN 37738

$1,125,000
Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 4,636 Lot Size (sq. ft.): 35,719 Status: Closed
Current Price: $1,125,000 List Date: 10/16/2020 Last Modified: 8/30/2024

Overview

Description

This awesome home has been transformed into one of the top producing short term rental properties in this entire area! Gross income from March through December 2019 totaled $109,966. Gross income year to date for 2020 with a few days still available is currently $163,573 given down time from March through May 2020 due to Covid 19. Located in the Cobbly Nob community just above Bent Creek Golf Resort and directly across from the Great Smoky Mountains National Park offering many area hiking trails & recreation areas! HOA includes swimming pools, year road maintenance, and 24/7 security!

Listing Details MLS# 230703

General Property Information

Lot Size Acres
0.82
Living Area
4636
Above Grade Finished Area
2582
Below Grade Finished Area
2054
Bedrooms Total
5
Bathrooms Total
6
Bathrooms Full
4
Bathrooms Half
2
Garage YN
No
Year Built
1973
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
237.27
Sold Price/SqFt
242.67
Below Grade Unfinished Area
0
Garage Spaces
0
Number of Bonus Rooms
0

Property Features

Appliances: Dishwasher; Dryer; Electric Range; Refrigerator; Washer Architectural Style: Log Association Amenities: Pool Association Fee Includes: Roads; Security Basement: Finished Construction Materials: Log Siding Cooling: Electric; Heat Pump Fireplace Features: Masonry Foundation Details: Slab Heating: Electric; Heat Pump Interior Features: Cathedral Ceiling(s); High Speed Internet; Walk-In Closet(s) Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: Cash; Conventional Lot Features: Private Parking Features: Driveway; Paved Patio And Porch Features: Deck Pets Allowed: Yes Possession: Close Of Escrow Rental: Rental History Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Sewer: Septic Tank; Septic Permit Not Found View: Mountain(s) Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Restricted Hours; See Remarks

Location Tax and Legal

Street Number
416
Street Name
Deer Path
Street Suffix
Lane
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Single Family Residence
MLS Area Major
Cobbly Nob
Subdivision Name
Cobbly Nob

Contract Information

Original List Price
1100000
Listing Contract Date
2020-10-16
Owner Name
Dakat Properties Llc
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Rental History Gross Amount 1
163573
Rental History Year 1
2020
Rental History Gross Amount 2
109966
Rental History Year 2
2019
Association YN
No
Association Fee
1359
Association Fee Frequency
Annually
Association Name
Cobbly Nob Property Owners
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
This awesome home has been transformed into one of the top producing short term rental properties in this entire area! Gross income from March through December 2019 totaled $109,966. Gross income year to date for 2020 with a few days still available is currently $163,573 given down time from March through May 2020 due to Covid 19. Located in the Cobbly Nob community just above Bent Creek Golf Resort and directly across from the Great Smoky Mountains National Park offering many area hiking trails & recreation areas! HOA includes swimming pools, year road maintenance, and 24/7 security!
Directions
From traffic light #3 in Gatlinburg take East Parkway (Hwy 321 N) approximately 9 miles to left on Butler Branch Road at the Main Entrance to Cobbly Nob. Continue past the guard shack and through Bent Creek Golf Course stay straight on Butler Branch Road then take the 2nd left up Deer Path Lane. Continue up to 416 Deer Path Lane on the right This Magic Moment

Status Change Information

Major Change Timestamp
2021-01-04T17:35:32Z
Major Change Type
Status Change
Status Change Timestamp
2021-01-04
Purchase Contract Date
2020-10-20
Close Date
2021-01-04
Close Price
1125000
Buyer Financing
Conventional

More Information

Fireplace Features

Fireplaces Total
2
Masonry
Yes

Showing Requirements

Showing Instructions
Please send listing agent a courtesy text 865-617-5934 when planning to show this property. Call Elk Springs Resort at 866-550-1795 option 2 to check availability and schedule previews or showings.
Appointment Only
Yes
Call Listing Agent
Yes
Restricted Hours
Yes
See Remarks
Yes

Historical Information

Public Historical Remarks
Interior Features: Large Primary Bedroom

Location, Tax, and Legal

Zip +4
6324
Restrictive Covenants YN
Yes
Zoning
A-1
Zoning Entity
Sevier County
Tax Lot
No
Book/Page/Doc #
4840, 58
Tax Annual Amount
1450
Tax Year
2019

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Range
Yes
Refrigerator
Yes
Washer
Yes

Architectural Style

Log
Yes

Association Amenities

Pool
Yes

Association Fee Includes

Roads
Yes
Security
Yes

Basement

Finished
Yes

Construction Materials

Log Siding
Yes

Cooling

Electric
Yes
Heat Pump
Yes

Foundation Details

Slab
Yes

Heating

Electric
Yes
Heat Pump
Yes

Interior Features

Cathedral Ceiling(s)
Yes
High Speed Internet
Yes
Walk-In Closet(s)
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Two
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Private
Yes

Parking Features

Driveway
Yes
Paved
Yes

Patio And Porch Features

Deck
Yes

Pets Allowed

Yes
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

Septic Tank
Yes
Septic Permit Not Found
Yes

View

Mountain(s)
Yes

Water Source

Public
Yes
Listing Office: Cosby Real Estate, Inc.
Last Updated: August - 30 - 2024
Information deemed reliable but not guaranteed.