520 Otter Run Way, Gatlinburg, TN 37738

$1,900,000
Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 4,196 Lot Size (sq. ft.): 60,548 Status: Closed
Current Price: $1,900,000 List Date: 6/10/2022 Last Modified: 8/27/2024

Description

PRIVATE MOUNTAIN ESTATE! UPDATE: July 2022 Gross Overnight Rental Revue $33,000!! This majestic custom home boasts 4186 square feet of open floor plan with 5 large bedrooms, each with it's own private bath, and is perched on a shelf overlooking the sweeping watershed of Norton Creek with stunning views in all seasons. The main level great room is full of character with exposed post and beam details, an open gourmet kitchen (granite counter tops), with one of three massive stone fireplaces (wood burning or gas), breakfast nook and deck access. The entry level also features a half bath, coat closet, laundry room and master bedroom with an spacious his and her luxury bath. The lower level consists of four guest suites, a bunk room, second deck and a fabulous "treehouse" gazebo with a wood burning fireplace overlooking the sweeping mountain and valley views. Gaze at the stars as you listen to Norton Creek below on sultry summer nights. The detached two car garage has been finished as a Rec Room/Media Room. This exquisite home would make a great short term rental, as it sleeps 16 comfortably and is offered completely furnished with all fixtures, decor and appliances. A totally private, end of cul-de-sac location makes it the perfect Mountain Get-Away. Home is currently an Overnight Vacation Rental and is a very lucrative investment.(UPDATE: July, 2022 Gross Rental Revenue $33,000) The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. This area offers easy access to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park as well. Call today for your private showing!

More Information MLS# 250083

Location, Tax, and Legal

Restrictive Covenants YN: Yes Zoning: R-1 Zoning Entity: Sevier County Parcel Number: 125 011.57 Tax Lot: B-14 Book/Page/Doc #: 714, 5937 Tax Annual Amount: 3993.42 Tax Year: 2019

Contract Information

Association Type: Mandatory Owner Name: LRTN Smoky LLC Listing Agreement: Exclusive Right To Sell Occupancy: Either Association YN: Yes Association Fee: 2000 Association Fee Frequency: Annually Association Name: Estates at Norton Creek Association Email: info@nortoncreekliving.com Current Price: $1,900,000 Original List Price: 2300000 Sold Price: $1,900,000 Status: Closed Listing Contract Date: 2022-06-10

General Property Information

Lot Size Acres: 1.39 Above Grade Finished Area: 2444 Below Grade Finished Area: 1752 Below Grade Unfinished Area: 0 Bathrooms Half: 1 Garage Spaces: 0 Bonus Room YN: Yes Number of Bonus Rooms: 2 Bonus Room Type(s): Bunk Beds and Rec Room 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: 465.84 Sold Price/SqFt: 453.89 Living Area: 4196 Bedrooms Total: 5 Bathrooms Total: 6 Bathrooms Full: 5 Year Built: 2008

Remarks and Miscellaneous

Public Remarks: PRIVATE MOUNTAIN ESTATE! UPDATE: July 2022 Gross Overnight Rental Revue $33,000!! This majestic custom home boasts 4186 square feet of open floor plan with 5 large bedrooms, each with it's own private bath, and is perched on a shelf overlooking the sweeping watershed of Norton Creek with stunning views in all seasons. The main level great room is full of character with exposed post and beam details, an open gourmet kitchen (granite counter tops), with one of three massive stone fireplaces (wood burning or gas), breakfast nook and deck access. The entry level also features a half bath, coat closet, laundry room and master bedroom with an spacious his and her luxury bath. The lower level consists of four guest suites, a bunk room, second deck and a fabulous "treehouse" gazebo with a wood burning fireplace overlooking the sweeping mountain and valley views. Gaze at the stars as you listen to Norton Creek below on sultry summer nights. The detached two car garage has been finished as a Rec Room/Media Room. This exquisite home would make a great short term rental, as it sleeps 16 comfortably and is offered completely furnished with all fixtures, decor and appliances. A totally private, end of cul-de-sac location makes it the perfect Mountain Get-Away. Home is currently an Overnight Vacation Rental and is a very lucrative investment.(UPDATE: July, 2022 Gross Rental Revenue $33,000) The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. This area offers easy access to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park as well. Call today for your private showing! Directions: Travelling toward Gatlinburg from traffic light #10 in Pigeon Forge - go 3.4 miles and turn right on Cove Mountain Rd with an immediate left onto Norton Creek Rd. Go 2 miles (pass through Estates at Norton Creek gate) and right on Vasey Tillium Way (also Margit Worsham Way). Go 0.4 miles and right on Otter Run Way. Home is at the end of the cul de sac.

Status Change Information

Status Change Timestamp: 2022-09-16 Buyer Financing: Cash Anticipated Closing Date: 2022-09-16 Major Change Timestamp: 2022-09-16T17:17:36Z Major Change Type: Status Change Price Change Timestamp: 2022-07-25T18:13:21Z Purchase Contract Date: 2022-08-20 Close Date: 2022-09-16 Close Price: 1900000

Appliances

Dishwasher: 1 Disposal: 1 Double Oven: 1 Dryer: 1 Gas Cooktop: 1 Microwave: 1 Range Hood: 1 Refrigerator: 1 Self Cleaning Oven: 1 Washer: 1

Architectural Style

Chalet: 1 Craftsman: 1 Ranch: 1

Attic Features

Access Only: 1

Basement

Basement: 1 Finished: 1 Full: 1 Walk-Out Access: 1

Construction Materials

Frame: 1 Masonite: 1 Stone: 1

Cooling

Central Air: 1 Heat Pump: 1 Zoned: 1

Exterior Features

Rain Gutters: 1

Fireplace Features

Gas Log: 1 Wood Burning: 1

Flooring

Wood: 1

Heating

Central: 1 Heat Pump: 1 Zoned: 1

Interior Features

Cathedral Ceiling(s): 1 Ceiling Fan(s): 1 Great Room: 1 Soaking Tub: 1 Solid Surface Counters: 1 Walk-In Closet(s): 1 Wet Bar: 1

Laundry Features

Electric Dryer Hookup: 1 Washer Hookup: 1

Levels

Two: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Wooded: 1

Parking Features

Driveway: 1 Paved: 1 Private: 1 Other: 1

Patio And Porch Features

Covered: 1 Deck: 1 Porch: 1

Possession

Close Of Escrow: 1

Rental

On Site: 1

Road Frontage Type

Private Road: 1

Road Surface Type

Paved: 1

Roof

Composition: 1

Security Features

Gated Community: 1 Smoke Detector(s): 1

Sewer

Public Sewer: 1

View

Mountain(s): 1

Water Source

Well: 1

Showing Requirements

Appointment Only: 1 Listing Agent Must Accompany: 1 Showing Instructions: Gated Community. Must co-show. No sign on property. Call Bill Boring for showing appointment at 770-870-9407. (DO NOT CALL LISTING AGENT) All offers must be include approval letter or proof of funds. Norton Creek Addendums required for all offers. See attachments in documents on MLS. Property is a vacation rental. Showings subject to availability. See Remarks: 1

Historical Information

Public Historical Remarks: Interior Features: Large Primary Bedroom, Fireplace: 3 or More

Location Tax and Legal

Street Number: 520 Street Name: Otter Run Street Suffix: Way County: Sevier State: TN Zip Code: 37738 Property Sub Type: Single Family Residence MLS Area Major: Gatlinburg Subdivision Name: Estates at Norton Creek

Property Features

Appliances: Dishwasher; Disposal; Double Oven; Dryer; Gas Cooktop; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer Architectural Style: Chalet; Craftsman; Ranch Attic Features: Access Only Basement: Basement; Finished; Full; Walk-Out Access Construction Materials: Frame; Masonite; Stone Cooling: Central Air; Heat Pump; Zoned Exterior Features: Rain Gutters Fireplace Features: Gas Log; Wood Burning Flooring: Wood Heating: Central; Heat Pump; Zoned Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; Soaking Tub; Solid Surface Counters; Walk-In Closet(s); Wet Bar Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: Cash; Conventional Lot Features: Wooded Parking Features: Driveway; Paved; Private; Other Patio And Porch Features: Covered; Deck; Porch Possession: Close Of Escrow Rental: On Site Road Frontage Type: Private Road Road Surface Type: Paved Roof: Composition Security Features: Gated Community; Smoke Detector(s) Sewer: Public Sewer View: Mountain(s) Water Source: Well Showing Requirements: Appointment Only; Listing Agent Must Accompany; See Remarks
Listing Office: Wind River Properties, LLC
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.