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

Overview

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.

Listing Details MLS# 248024

General Property Information

Living Area
3402
Above Grade Finished Area
2268
Below Grade Finished Area
1134
Bedrooms Total
5
Bathrooms Total
5
Bathrooms Full
5
Garage YN
No
Year Built
2006
Bonus Room YN
No
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
410.05
Sold Price/SqFt
401.23
Lot Size Acres
0
Below Grade Unfinished Area
0
Bathrooms Half
0
Garage Spaces
0

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

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

Contract Information

Original List Price
1399990
Listing Contract Date
2022-03-16
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
Association Type
Mandatory

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

Major Change Timestamp
2022-07-11T17:09:21Z
Major Change Type
Status Change
Price Change Timestamp
2022-05-10T23:08:10Z
Status Change Timestamp
2022-07-11
Purchase Contract Date
2022-05-25
Close Date
2022-07-11
Close Price
1365000
Buyer Financing
Conventional
Anticipated Closing Date
2022-07-11

More Information

Showing Requirements

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*
Appointment Only
Yes
See Remarks
Yes

Historical Information

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

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

Appliances

Dishwasher
Yes
Disposal
Yes
Dryer
Yes
Electric Range
Yes
Microwave
Yes
Range Hood
Yes
Refrigerator
Yes
Self Cleaning Oven
Yes
Washer
Yes

Architectural Style

Cabin
Yes
Log
Yes

Association Amenities

Clubhouse
Yes
Pool
Yes

Association Fee Includes

Maintenance Grounds
Yes
Roads
Yes

Attic Features

None
Yes

Basement

Crawl Space
Yes
Finished
Yes

Construction Materials

Block
Yes
Frame
Yes
Log
Yes
Log Siding
Yes

Cooling

Central Air
Yes
Electric
Yes
Heat Pump
Yes

Exterior Features

Rain Gutters
Yes

Fireplace Features

Electric
Yes

Flooring

Wood
Yes

Heating

Central
Yes
Heat Pump
Yes

Interior Features

Ceiling Fan(s)
Yes
Great Room
Yes
High Speed Internet
Yes
Soaking Tub
Yes
Solid Surface Counters
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

Deck
Yes

Pool Features

Hot Tub
Yes

Possession

Close Of Escrow
Yes

Rental

Off Site
Yes
Rental History
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Security Features

Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

View

Mountain(s)
Yes

Water Source

Public
Yes

Window Features

Window Treatments
Yes
Listing Office: Prime Mountain Properties
Last Updated: August - 28 - 2024
Information deemed reliable but not guaranteed.