760 GLORY RIDGE Way, Gatlinburg, TN 37738

$895,000
Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 1,997 Status: Closed
Current Price: $895,000 List Date: 7/22/2022 Last Modified: 8/28/2024

Overview

Description

$110k in gross rentals in the past 12 months!! In the heart of Gatlinburg's Arts and Craft District, nestled at the end of a cul-de-sac, with level paved roads sits this gorgeous log cabin. It boasts 3 bedrooms, 3 baths, a movie theatre, game room, and hot tub, with 2 wrap-around decks. Masterfully decorated, you will love the antique-style oven that is a fully functional electric oven and 2 fireplaces that add to the rustic cabin feel. It is a short distance from downtown Gatlinburg where you or your guests can explore the Smoky Mountain National Park, Ober Gatlinburg, and of course the finest cuisine Gatlinburg has to offer. This cabin is sold fully furnished, turn-key ready. Perfect for your next investment, vacation home, or residence. The current gross rental numbers from November 2021 to July 2022 is 87,270.82.

Listing Details MLS# 253056

General Property Information

Living Area
1997
Above Grade Finished Area
1536
Below Grade Finished Area
461
Bedrooms Total
3
Bathrooms Total
3
Bathrooms Full
3
Garage YN
No
Year Built
2004
Bonus Room YN
Yes
Number of Bonus Rooms
Yes
Accessory Dwelling Unit YN
No
Sign On Property YN
No
Home Warranty YN
No
Furnished
Furnished
Construction Type
Site Built
List Price/SqFt
475.66
Sold Price/SqFt
448.17
Lot Size Acres
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Dryer; Microwave; Range Hood; Refrigerator; Washer Architectural Style: Cabin; Log Association Fee Includes: Insurance; Maintenance Grounds; Roads; Water Attic Features: None Basement: Basement; Finished Construction Materials: Log; Log Siding Cooling: Central Air Fireplace Features: Electric; Gas Log Flooring: Wood Heating: Central Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; Soaking Tub Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Three Or More Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Wooded Parking Features: Driveway; Paved Patio And Porch Features: Covered; Deck; Porch Pool Features: Hot Tub Possession: Close Of Escrow Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition Sewer: Public Sewer Water Source: Public Showing Requirements: See Remarks

Location Tax and Legal

Street Number
760
Street Name
GLORY RIDGE
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Single Family Residence
MLS Area Major
Gatlinburg
Subdivision Name
Hemlock Hills Pud

Contract Information

Original List Price
999900
Listing Contract Date
2022-07-22
Owner Name
Moiseyev
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Common Interest
Planned Development
Association YN
Yes
Association Fee
175
Association Fee Frequency
Monthly
Association Name
Hemlock HIlls HOA
Association Email
mountaingracecabin@gmail.com
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
$110k in gross rentals in the past 12 months!! In the heart of Gatlinburg's Arts and Craft District, nestled at the end of a cul-de-sac, with level paved roads sits this gorgeous log cabin. It boasts 3 bedrooms, 3 baths, a movie theatre, game room, and hot tub, with 2 wrap-around decks. Masterfully decorated, you will love the antique-style oven that is a fully functional electric oven and 2 fireplaces that add to the rustic cabin feel. It is a short distance from downtown Gatlinburg where you or your guests can explore the Smoky Mountain National Park, Ober Gatlinburg, and of course the finest cuisine Gatlinburg has to offer. This cabin is sold fully furnished, turn-key ready. Perfect for your next investment, vacation home, or residence. The current gross rental numbers from November 2021 to July 2022 is 87,270.82.
Directions
From the main parkway in Gatlinburg, turn at stoplight #3 onto E Parkway, then go about 3 miles and turn left onto Glades Rd, Right on Proffitt Rd, Right into Hemlock Hills on Glory Ridge Way. The cabin is in the cul-de-sac on the right

Status Change Information

Major Change Timestamp
2022-12-12T18:21:26Z
Major Change Type
Status Change
Price Change Timestamp
2022-10-19T03:24:30Z
Status Change Timestamp
2022-12-12
Purchase Contract Date
2022-11-12
Close Date
2022-12-12
Close Price
895000
Buyer Financing
Cash
Anticipated Closing Date
2022-12-12

More Information

Fireplace Features

Fireplaces Total
2
Electric
Yes
Gas Log
Yes

Showing Requirements

Showing Instructions
Call or text Jake Morris at 865-282-4886 with questions and showings. Send all offers to realtorjakemorris@gmail.com. As always with any real estate purchase, the buyer to verify. This cabin is self-managed on Airbnb.
See Remarks
Yes

Historical Information

Public Historical Remarks
Interior Features: Large Primary Bedroom

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
R-1
Zoning Entity
Gatlinburg
Tax Lot
5
Book/Page/Doc #
LM 6, 4
Tax Annual Amount
1752.62
Tax Year
2021

Appliances

Dishwasher
Yes
Dryer
Yes
Microwave
Yes
Range Hood
Yes
Refrigerator
Yes
Washer
Yes

Architectural Style

Cabin
Yes
Log
Yes

Association Fee Includes

Insurance
Yes
Maintenance Grounds
Yes
Roads
Yes
Sewer
Yes
Water
Yes

Attic Features

None
Yes

Basement

Basement
Yes
Finished
Yes

Construction Materials

Log
Yes
Log Siding
Yes

Cooling

Central Air
Yes

Flooring

Wood
Yes

Heating

Central
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Ceiling Fan(s)
Yes
Great Room
Yes
Soaking Tub
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Three Or More
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes

Lot Features

Wooded
Yes

Parking Features

Driveway
Yes
Paved
Yes

Patio And Porch Features

Covered
Yes
Deck
Yes
Porch
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes
Listing Office: United Real Estate Solutions
Last Updated: August - 28 - 2024
Information deemed reliable but not guaranteed.