663 Kings Way, Gatlinburg, TN 37738 (MLS# 261072)

663 Kings Way, Gatlinburg, TN 37738

$984,500
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,664 Lot Size (sq. ft.): 17,860 Status: Closed
Current Price: $984,500 List Date: 8/28/2023 Last Modified: 8/28/2024

Overview

Description

This cabin is not only a cozy sanctuary but also a lucrative short-term rental opportunity, perfectly suited to accommodate 10-12 guests. $110-$140k projected gross income. With its charming cabin aesthetics, modern comforts, and strategic location, this property truly encapsulates the best of both worlds. This spacious haven offers ample room for everyone to unwind and recharge. Featuring a large open kitchen, hot tub, breathtaking panoramic views, screened-in porch, covered second-story deck, game/bonus room, true 3 bedroom, and a 5-minute drive to the Parkway and Gatlinburg. Modern craftsmanship and design while maintaining a rustic cabin allure.

Listing Details MLS# 261072

General Property Information

Lot Size Acres
0.41
Living Area
2664
Above Grade Finished Area
2664
Bedrooms Total
3
Bathrooms Total
3
Bathrooms Full
2
Bathrooms Half
Yes
Year Built
2018
Bonus Room YN
Yes
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
375.38
Sold Price/SqFt
369.56
Below Grade Finished Area
0
Below Grade Unfinished Area
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Electric Cooktop; Microwave; Refrigerator; Self Cleaning Oven; Washer Architectural Style: Cabin Attic Features: Access Only Basement: Crawl Space; None Construction Materials: Cement Siding Cooling: Central Air Exterior Features: Rain Gutters Fireplace Features: Electric Heating: Central Interior Features: Ceiling Fan(s); Great Room; Solid Surface Counters Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: 1031 Exchange; Cash; Conventional Patio And Porch Features: Covered; Deck; Porch; Screened Pool Features: Hot Tub Possession: Close Of Escrow Road Frontage Type: County Road Roof: Metal Security Features: Smoke Detector(s) Sewer: Septic Tank; Septic Permit On File Utilities: Cable Available View: Mountain(s) Water Source: Public Window Features: Double Pane Windows Showing Requirements: Appointment Only; Call Listing Agent

Location Tax and Legal

Street Number
663
Street Name
Kings
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Single Family Residence
MLS Area Major
Gatlinburg
Subdivision Name
Kingsridge

Contract Information

Original List Price
1092500
Listing Contract Date
2023-08-28
Owner Name
Gabriel Faria
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Association YN
No

Remarks and Miscellaneous

Public Remarks
This cabin is not only a cozy sanctuary but also a lucrative short-term rental opportunity, perfectly suited to accommodate 10-12 guests. $110-$140k projected gross income. With its charming cabin aesthetics, modern comforts, and strategic location, this property truly encapsulates the best of both worlds. This spacious haven offers ample room for everyone to unwind and recharge. Featuring a large open kitchen, hot tub, breathtaking panoramic views, screened-in porch, covered second-story deck, game/bonus room, true 3 bedroom, and a 5-minute drive to the Parkway and Gatlinburg. Modern craftsmanship and design while maintaining a rustic cabin allure.
Directions
From the parkway towards Gatlinburg, turn left onto Beech Branch Rd. Follow this road until E Kings Ridge Rd. Stay on this road until Kings way. Turn right onto Kings Way. Property is 1rst home on your right.

Status Change Information

Major Change Timestamp
2023-10-12T17:47:54Z
Major Change Type
Status Change
Price Change Timestamp
2023-09-12T00:14:23Z
Status Change Timestamp
2023-10-12
Purchase Contract Date
2023-09-23
Close Date
2023-10-12
Close Price
984500
Buyer Financing
Cash
Anticipated Closing Date
2023-10-12

More Information

Showing Requirements

Showing Instructions
Buyers and Buyer's agent responsible for all due diligence and verifying pertinent information. Please contact list agent for showings. The cabin has never been a full time STR for the current owners, so there is no income history to provide.
Appointment Only
Yes
Call Listing Agent
Yes

Historical Information

Public Historical Remarks
Interior Features: Large Primary Bedroom

Location, Tax, and Legal

Restrictive Covenants YN
No
Zoning
R-1
Zoning Entity
Sevier County
Tax Lot
811.04/2
Book/Page/Doc #
5633, 395
Tax Annual Amount
2616.89
Tax Year
2022

Appliances

Dishwasher
Yes
Dryer
Yes
Electric Cooktop
Yes
Microwave
Yes
Refrigerator
Yes
Self Cleaning Oven
Yes
Washer
Yes

Architectural Style

Cabin
Yes

Attic Features

Access Only
Yes

Basement

Crawl Space
Yes
None
Yes

Construction Materials

Cement Siding
Yes

Cooling

Central Air
Yes

Exterior Features

Rain Gutters
Yes

Fireplace Features

Electric
Yes

Heating

Central
Yes

Interior Features

Ceiling Fan(s)
Yes
Great Room
Yes
Solid Surface Counters
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Two
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Patio And Porch Features

Covered
Yes
Deck
Yes
Porch
Yes
Screened
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

County Road
Yes

Roof

Metal
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Septic Tank
Yes
Septic Permit On File
Yes

Utilities

Cable Available
Yes

View

Mountain(s)
Yes

Water Source

Public
Yes

Window Features

Double Pane Windows
Yes
Listing Office: eXp Realty, LLC 7720
Last Updated: August - 28 - 2024
Information deemed reliable but not guaranteed.
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