425 Patterson Lane, Gatlinburg, TN 37738
$999,000
Property Type:
Residential
Bedrooms:
5
Baths:
4
Square Footage:
3,579
Lot Size (sq. ft.):
33,977
Status:
Closed
Current Price:
$999,000
List Date:
6/25/2022
Last Modified:
8/28/2024
Description
Amazing opportunity to own a 5 bedroom cabin in a great location and at a great price. This cabin is currently a full time residence but we have rental projections of $180,000 from a local management company. The property is just minutes from the Rocky Top Sports complex and about 10 minutes from downtown Gatlinburg. Sitting on just under an acre of near flat land, this property has a ton of potential as a short term rental, vacation home, or as a permanent residence. The property features plenty of parking, both covered and open. All on flat ground. The main level is an open concept with cathedral ceilings, real woods floors, full kitchen with granite counter tops and plenty of cabinet storage. The dining area is off the kitchen and has its own space with plenty of seating. Living room offers beautiful rustic furniture and a gas fireplace to cozy up to in the winter. The main level also has the over sized main suite with a king bed and huge bathroom. Full utility room with washer/dryer & half bath round out the main level. Upstairs has two large bedrooms with king size beds and the second full bathroom. The lower level offers plenty of opportunity with plenty of space. Currently it is setup as a secondary living area with small kitchen, rec area, and living room. This space would make a great game room or theater space. Bedrooms 4 and 5 are located on the lower level and feature a queen bed and then a twin over full Aspen bunk bed. The third full bathroom is located on this lower level as well. With full walk out access, the lower level goes outside to the wonderful fire pit area and hot tub, all with mountain views. This property has it all and would be a great addition to your portfolio. Property is occupied but easy to show.
More Information MLS# 251463
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 7
Book/Page/Doc #: 5630, 535
Tax Annual Amount: 1242.82
Tax Year: 2019
Contract Information
Owner Name: Bradshaw
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Association YN: No
Current Price: $999,000
Original List Price: 1075000
Sold Price: $999,000
Status: Closed
Listing Contract Date: 2022-06-25
General Property Information
Lot Size Acres: 0.78
Above Grade Finished Area: 2253
Below Grade Finished Area: 1326
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 1
Garage Spaces: 0
Bonus Room YN: No
Furnished: Furnished
Accessory Dwelling Unit YN: No
Sign On Property YN: Yes
Home Warranty YN: No
Construction Type: Site Built
View YN: Yes
List Price/SqFt: 300.36
Sold Price/SqFt: 279.13
Living Area: 3579
Bedrooms Total: 5
Bathrooms Total: 4
Bathrooms Full: 3
Year Built: 1995
Remarks and Miscellaneous
Public Remarks: Amazing opportunity to own a 5 bedroom cabin in a great location and at a great price. This cabin is currently a full time residence but we have rental projections of $180,000 from a local management company. The property is just minutes from the Rocky Top Sports complex and about 10 minutes from downtown Gatlinburg. Sitting on just under an acre of near flat land, this property has a ton of potential as a short term rental, vacation home, or as a permanent residence. The property features plenty of parking, both covered and open. All on flat ground. The main level is an open concept with cathedral ceilings, real woods floors, full kitchen with granite counter tops and plenty of cabinet storage. The dining area is off the kitchen and has its own space with plenty of seating. Living room offers beautiful rustic furniture and a gas fireplace to cozy up to in the winter. The main level also has the over sized main suite with a king bed and huge bathroom. Full utility room with washer/dryer & half bath round out the main level. Upstairs has two large bedrooms with king size beds and the second full bathroom. The lower level offers plenty of opportunity with plenty of space. Currently it is setup as a secondary living area with small kitchen, rec area, and living room. This space would make a great game room or theater space. Bedrooms 4 and 5 are located on the lower level and feature a queen bed and then a twin over full Aspen bunk bed. The third full bathroom is located on this lower level as well. With full walk out access, the lower level goes outside to the wonderful fire pit area and hot tub, all with mountain views. This property has it all and would be a great addition to your portfolio. Property is occupied but easy to show.
Directions: From Glades road in Gatlinburg, turn right on to Proffitt Rd and then a right on Patterson. Home will be on the left. See sign.
Status Change Information
Status Change Timestamp: 2022-08-31
Buyer Financing: Cash
Anticipated Closing Date: 2022-08-31
Major Change Timestamp: 2022-08-31T17:19:07Z
Major Change Type: Status Change
Purchase Contract Date: 2022-06-30
Close Date: 2022-08-31
Close Price: 999000
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Self Cleaning Oven: 1
Washer: 1
Architectural Style
Cabin: 1
Cottage: 1
Country: 1
Attic Features
None: 1
Basement
Basement: 1
Exterior Entry: 1
Finished: 1
Walk-Out Access: 1
Construction Materials
Block: 1
Frame: 1
Log Siding: 1
Wood Siding: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Exterior Features
Rain Gutters: 1
Storage: 1
Fireplace Features
Gas Log: 1
Flooring
Wood: 1
Heating
Central: 1
Electric: 1
Heat Pump: 1
Interior Features
Cathedral Ceiling(s): 1
Ceiling Fan(s): 1
High Speed Internet: 1
In-Law Floorplan: 1
Solid Surface Counters: 1
Walk-In Closet(s): 1
Wet Bar: 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
Level: 1
Other Structures
Shed(s): 1
Storage: 1
Parking Features
Driveway: 1
Paved: 1
Patio And Porch Features
Covered: 1
Deck: 1
Patio: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
View
Mountain(s): 1
Water Source
Public: 1
Showing Requirements
Appointment Only: 1
Lockbox: 1
Showing Instructions: Property is easy to show but is owner occupied and does require a few hours notice. To schedule a showing, call/text Christian Maloney at 865-809-3344. Rental projection supplied by Mitch Thompson with Venture Resorts. **ALL OFFERS TO INCLUDE ALL ASSOCIATED DOCUMENT DISCLOSURES** and to be sent to matthew@anniemaloney.com. **The following items will not convey with the cabin and must be excluded on the bill of sale: Outside - grills (2), storage bins (2), single & double ladder back rockers, yard art goat - Inside - small clock on entry table, duck taxidermy (2 ducks), electric fireplace (master bedroom), bedside lamps (master bedroom), exercise equipment (bike, treadmill, weights, etc).
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom
Location Tax and Legal
Street Number: 425
Street Name: Patterson
Street Suffix: Lane
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Single Family Residence
MLS Area Major: Gatlinburg
Subdivision Name: Other
Property Features
Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer
Architectural Style: Cabin; Cottage; Country
Attic Features: None
Basement: Basement; Exterior Entry; Finished; Walk-Out Access
Construction Materials: Block; Frame; Log Siding; Wood Siding
Cooling: Central Air; Electric; Heat Pump
Exterior Features: Rain Gutters; Storage
Fireplace Features: Gas Log
Flooring: Wood
Heating: Central; Electric; Heat Pump
Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); High Speed Internet; In-Law Floorplan; Solid Surface Counters; Walk-In Closet(s); Wet Bar
Laundry Features: Electric Dryer Hookup; Washer Hookup
Levels: Three Or More
Listing Terms: 1031 Exchange; Cash; Conventional
Lot Features: Level
Other Structures: Shed(s); Storage
Parking Features: Driveway; Paved
Patio And Porch Features: Covered; Deck; Patio
Pool Features: Hot Tub
Possession: Close Of Escrow
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Utilities: Cable Available
View: Mountain(s)
Water Source: Public
Showing Requirements: Appointment Only; Lockbox; See Remarks
Listing Office:
Prime Mountain Properties
Last Updated: August - 28 - 2024
Information deemed reliable but not guaranteed.