802 Great Smoky Way, Gatlinburg, TN 37738
$1,365,000
Property Type:
Residential
Bedrooms:
5
Baths:
5
Square Footage:
3,402
Status:
Closed
Current Price:
$1,365,000
List Date:
3/16/2022
Last Modified:
8/28/2024
Description
**BACK ON THE MARKET AT NO FAULT OF THE SELLER. Great opportunity to add this high performing short term rental to your portfolio. Located in the city limits of Gatlinburg in the Gatlinburg Falls Resort, this 5 bedroom, 5 bath cabin is a moneymaker. The cabin sits at the end of the drive in a cul-de-sac and has great views of the Smoky Mountains from all three levels. On the main level you will find the fully stocked and updated kitchen featuring stainless appliances, SS farm sink, and granite countertops with rough cut edge. In this open concept, the kitchen flows into the large dining area and living room, offering plenty of room for family or guests to spread out comfortably. The main level also has the first bedroom with king size bed, twin sleeper sofa, and adjoining bathroom. The upper level features three additional bedrooms, all with king size beds and a bathroom. Two of the bedrooms have deck access and one of them has an additional sleeper sofa. This upper level also provides a twin over twin bunk for additional sleeping. The lower level has the 5th bedroom with adjoining bathroom, game room, and theater. This newly added theater room has tiered floor, leather reclining theater seats, surround sound, and a 80" TV. The game room is loaded with amenities and offers a pool table, air hockey table, pinball machine, Golden Tee Golf, Ms Pac Man/ Galaga multi-cade and a jukebox! This property has been meticulously cared for and has had extensive updates. All new LVP flooring throughout, new kitchen cabinets, appliances, and Granite, new AC unit, new mattresses, thermostats, and all new decor and furnishings. All bedrooms have an electric fireplace as well as one in the living room. This STR does great on VRBO and generated just over $150,000. Call today to schedule a showing.
More Information MLS# 248024
Location, Tax, and Legal
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Sevier County
Tax Lot: 85
Book/Page/Doc #: 5182, 351
Tax Annual Amount: 1959.13
Tax Year: 2019
Contract Information
Association Type: Mandatory
Owner Name: Jones
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Common Interest: Planned Development
Rental History Gross Amount 1: 150271
Rental History Year 1: 2021
Rental History Gross Amount 2: 145260
Rental History Year 2: 2020
Association YN: Yes
Association Fee: 356.08
Association Fee Frequency: Monthly
Association Name: Wise Property Solutions
Association Email: services@wisepropertysolutions.com
Current Price: $1,365,000
Original List Price: 1399990
Sold Price: $1,365,000
Status: Closed
Listing Contract Date: 2022-03-16
General Property Information
Lot Size Acres: 0
Above Grade Finished Area: 2268
Below Grade Finished Area: 1134
Below Grade Unfinished Area: 0
Garage YN: No
Bathrooms Half: 0
Garage Spaces: 0
Bonus Room YN: No
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: 410.05
Sold Price/SqFt: 401.23
Living Area: 3402
Bedrooms Total: 5
Bathrooms Total: 5
Bathrooms Full: 5
Year Built: 2006
Remarks and Miscellaneous
Public Remarks: **BACK ON THE MARKET AT NO FAULT OF THE SELLER. Great opportunity to add this high performing short term rental to your portfolio. Located in the city limits of Gatlinburg in the Gatlinburg Falls Resort, this 5 bedroom, 5 bath cabin is a moneymaker. The cabin sits at the end of the drive in a cul-de-sac and has great views of the Smoky Mountains from all three levels. On the main level you will find the fully stocked and updated kitchen featuring stainless appliances, SS farm sink, and granite countertops with rough cut edge. In this open concept, the kitchen flows into the large dining area and living room, offering plenty of room for family or guests to spread out comfortably. The main level also has the first bedroom with king size bed, twin sleeper sofa, and adjoining bathroom. The upper level features three additional bedrooms, all with king size beds and a bathroom. Two of the bedrooms have deck access and one of them has an additional sleeper sofa. This upper level also provides a twin over twin bunk for additional sleeping. The lower level has the 5th bedroom with adjoining bathroom, game room, and theater. This newly added theater room has tiered floor, leather reclining theater seats, surround sound, and a 80" TV. The game room is loaded with amenities and offers a pool table, air hockey table, pinball machine, Golden Tee Golf, Ms Pac Man/ Galaga multi-cade and a jukebox! This property has been meticulously cared for and has had extensive updates. All new LVP flooring throughout, new kitchen cabinets, appliances, and Granite, new AC unit, new mattresses, thermostats, and all new decor and furnishings. All bedrooms have an electric fireplace as well as one in the living room. This STR does great on VRBO and generated just over $150,000. Call today to schedule a showing.
Directions: From the Parkway in Gatlinburg, turn at Light #1 onto Dudley Creek Bypass. Go 0.9M to a 3-way stop. Go straight through then immediately fork right to Gatlinburg Falls. Go 0.2 M to a left on Gatlinburg Falls Way (into Gatlinburg Falls). Go 0.2M and fork right staying on Gatlinburg Falls Way. Turn right onto Great Smoky Way and continue straight for 0.02M to find cabin at the end of the cul-de-sac. Cabin name: Black Bear Bunkhouse.
Status Change Information
Status Change Timestamp: 2022-07-11
Buyer Financing: Conventional
Anticipated Closing Date: 2022-07-11
Major Change Timestamp: 2022-07-11T17:09:21Z
Major Change Type: Status Change
Price Change Timestamp: 2022-05-10T23:08:10Z
Purchase Contract Date: 2022-05-25
Close Date: 2022-07-11
Close Price: 1365000
Appliances
Dishwasher: 1
Disposal: 1
Dryer: 1
Electric Range: 1
Microwave: 1
Range Hood: 1
Refrigerator: 1
Self Cleaning Oven: 1
Washer: 1
Architectural Style
Cabin: 1
Log: 1
Association Amenities
Clubhouse: 1
Pool: 1
Association Fee Includes
Maintenance Grounds: 1
Roads: 1
Attic Features
None: 1
Basement
Crawl Space: 1
Finished: 1
Construction Materials
Block: 1
Frame: 1
Log: 1
Log Siding: 1
Cooling
Central Air: 1
Electric: 1
Heat Pump: 1
Exterior Features
Rain Gutters: 1
Fireplace Features
Electric: 1
Flooring
Wood: 1
Heating
Central: 1
Heat Pump: 1
Interior Features
Ceiling Fan(s): 1
Great Room: 1
High Speed Internet: 1
Soaking Tub: 1
Solid Surface Counters: 1
Laundry Features
Electric Dryer Hookup: 1
Washer Hookup: 1
Levels
Three Or More: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Lot Features
Wooded: 1
Parking Features
Driveway: 1
Paved: 1
Patio And Porch Features
Deck: 1
Pool Features
Hot Tub: 1
Possession
Close Of Escrow: 1
Rental
Off Site: 1
Rental History: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Composition: 1
Security Features
Smoke Detector(s): 1
Sewer
Public Sewer: 1
Utilities
Cable Available: 1
View
Mountain(s): 1
Water Source
Public: 1
Window Features
Window Treatments: 1
Showing Requirements
Appointment Only: 1
Showing Instructions: VRBO link https://www.vrbo.com/1541869. Cabin is available to be shown during the turns on 3/18, 3/20, and 3/26. To schedule a showing, call/text Christian Maloney at 865-809-3344. **ALL OFFERS TO INCLUDE ALL ASSOCIATED DOCUMENT DISCLOSURES** and to be sent to matthew@anniemaloney.com. *Drone photography was used for some pictures of this listing*
See Remarks: 1
Historical Information
Public Historical Remarks: Interior Features: Large Primary Bedroom, Fireplace: 3 or More
Location Tax and Legal
Street Number: 802
Street Name: Great Smoky
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Single Family Residence
MLS Area Major: Gatlinburg
Subdivision Name: Gatlinburg Falls
Property Features
Appliances: Dishwasher; Disposal; Dryer; Electric Range; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer
Architectural Style: Cabin; Log
Association Amenities: Clubhouse; Pool
Association Fee Includes: Maintenance Grounds; Roads
Attic Features: None
Basement: Crawl Space; Finished
Construction Materials: Block; Frame; Log; Log Siding
Cooling: Central Air; Electric; Heat Pump
Exterior Features: Rain Gutters
Fireplace Features: Electric
Flooring: Wood
Heating: Central; Heat Pump
Interior Features: Ceiling Fan(s); Great Room; High Speed Internet; Soaking Tub; Solid Surface Counters
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: Deck
Pool Features: Hot Tub
Possession: Close Of Escrow
Rental: Off Site; Rental History
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Composition
Security Features: Smoke Detector(s)
Sewer: Public Sewer
Utilities: Cable Available
View: Mountain(s)
Water Source: Public
Window Features: Window Treatments
Showing Requirements: Appointment Only; See Remarks
Listing Office:
Prime Mountain Properties
Last Updated: August - 28 - 2024
Information deemed reliable but not guaranteed.