518 Laurel Avenue, Gatlinburg, TN 37738 (MLS# 240544)

518 Laurel Avenue, Gatlinburg, TN 37738

$888,140
Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,100 Status: Closed
Current Price: $888,140 List Date: 2/10/2021 Last Modified: 8/27/2024

Overview

Description

WALKING DISTANCE TO DOWNTOWN GATLINBURG! This beautifully rehabbed 4BR cabin grossed $122k in the last twelve months, including downtime for the pandemic! It has everything families want: fire pit, game room, theatre room, two bunk rooms, hot tub, easy access, no steep roads, plenty of level parking, sold fully furnished and outfitted to sleep 12. Located in a quiet little pocket in Gatlinburg city limits literally steps from the action. Tons of 5-star reviews on AirBNB/VRBO. City water/sewer. Great opportunity to step right in to a proven money-making investment - sellers will even continue managing for the buyer who wants a truly turnkey purchase!

Listing Details MLS# 240544

General Property Information

Lot Size Dimensions
60 X 125 IRR
Living Area
2100
Above Grade Finished Area
1575
Below Grade Finished Area
525
Bedrooms Total
4
Bathrooms Total
3
Bathrooms Full
3
Garage YN
No
Year Built
1940
Bonus Room YN
Yes
Number of Bonus Rooms
2
Bonus Room Type(s)
Game room, Theatre
Accessory Dwelling Unit YN
No
Sign On Property YN
No
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
List Price/SqFt
427.62
Sold Price/SqFt
422.92
Lot Size Acres
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Electric Range; Microwave; Refrigerator; Washer Architectural Style: Cabin; Log Basement: Basement; Exterior Entry; Finished; Walk-Out Access Construction Materials: Log Siding; Wood Siding Cooling: Central Air; Electric Fireplace Features: Gas Log Flooring: Wood Heating: Central Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Wooded Other Equipment: Intercom Parking Features: Driveway; Paved Patio And Porch Features: Deck Pool Features: Hot Tub Possession: Close Of Escrow Rental: Off Site; Rental History Road Frontage Type: City Street Roof: Metal Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent

Location Tax and Legal

Street Number
518
Street Name
Laurel
Street Suffix
Avenue
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Single Family Residence
MLS Area Major
Gatlinburg
Subdivision Name
Smokey Heights

Contract Information

Original List Price
898000
Listing Contract Date
2021-02-10
Owner Name
Fetters, Murphy
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Association YN
No
Association Type
None

Remarks and Miscellaneous

Public Remarks
WALKING DISTANCE TO DOWNTOWN GATLINBURG! This beautifully rehabbed 4BR cabin grossed $122k in the last twelve months, including downtime for the pandemic! It has everything families want: fire pit, game room, theatre room, two bunk rooms, hot tub, easy access, no steep roads, plenty of level parking, sold fully furnished and outfitted to sleep 12. Located in a quiet little pocket in Gatlinburg city limits literally steps from the action. Tons of 5-star reviews on AirBNB/VRBO. City water/sewer. Great opportunity to step right in to a proven money-making investment - sellers will even continue managing for the buyer who wants a truly turnkey purchase!
Directions
From Parkway in Gatlinburg, turn onto Hemlock St (at flashing light), then follow Hemlock to the right. Left onto Hill St, then Right on Laurel Ave, property will be the second house on the right

Status Change Information

Major Change Timestamp
2021-03-08T17:41:30Z
Major Change Type
Status Change
Status Change Timestamp
2021-03-08
Purchase Contract Date
2021-02-11
Close Date
2021-03-08
Close Price
888140
Buyer Financing
Cash
Anticipated Closing Date
2021-03-05

More Information

Showing Requirements

Showing Instructions
HIGHEST AND BEST DUE BY 8PM 2/11. Avail to show through 2/12. Video walk-through available. Pre-approved buyers only. Seller is firm on price. Currently self-managed; sellers are willing to negotiate continued management if buyer wishes. Most information taken from tax records and is deemed reliable but not guaranteed; buyer to verify anything important to them. airbnb.com/rooms/41130589 VRBO #1861725
Appointment Only
Yes
Call Listing Agent
Yes

Historical Information

Public Historical Remarks
Interior Features: Large Primary Bedroom

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-2
Zoning Entity
Gatlinburg
Parcel Number
126F A 017
Tax Lot
811.01/1
Book/Page/Doc #
5459, 746
Tax Annual Amount
986.88
Tax Year
2019

Appliances

Dishwasher
Yes
Electric Range
Yes
Microwave
Yes
Refrigerator
Yes
Washer
Yes

Architectural Style

Cabin
Yes
Log
Yes

Basement

Basement
Yes
Exterior Entry
Yes
Finished
Yes
Walk-Out Access
Yes

Construction Materials

Log Siding
Yes
Wood Siding
Yes

Cooling

Central Air
Yes
Electric
Yes

Fireplace Features

Gas Log
Yes

Flooring

Wood
Yes

Heating

Central
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Ceiling Fan(s)
Yes
Great Room
Yes
High Speed Internet
Yes

Levels

Two
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Lot Features

Wooded
Yes

Other Equipment

Intercom
Yes

Parking Features

Driveway
Yes
Paved
Yes

Patio And Porch Features

Deck
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Rental

Off Site
Yes
Rental History
Yes

Road Frontage Type

City Street
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes
Listing Office: eXp Realty, LLC 7720
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.
Search powered by FBS Products