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.