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.