825 Spirit Loop Way, Multiple addresses-Spirit Loop & Glory Ridge Way, Gatlinburg, TN 37738
$4,430,000
Property Type:
Commercial Sale
Square Footage:
47,583
Status:
Closed
Current Price:
$4,430,000
List Date:
12/04/2013
Last Modified:
8/23/2024
Description
This portfolio consists of 20 beautifully furnished cabins and lodges located within an appealing wooded cabin resort in the heart of the Gatlinburg Arts & Crafts Community. There is convenient access to area shopping, restaurants, and attractions. The address above is one of many cabins located on Spirit Loop Way and Glory Ridge Way. Bank REO property.
More Information MLS# 186023
Location, Tax, and Legal
Street Additional Info: Multiple addresses-Spirit Loop & Glory Ridge Way
Restrictive Covenants YN: Yes
Zoning: R-1
Zoning Entity: Gatlinburg
Tax Lot: 00
Tax Annual Amount: 0
Tax Year: 0
Contract Information
Owner Name: FTB
Listing Agreement: Exclusive Right To Sell
Rental History Gross Amount 1: 0
Rental History Year 1: 0
Rental History Gross Amount 2: 0
Rental History Year 2: 0
Association Fee: 0
Current Price: $4,430,000
Original List Price: 5500000
Sold Price: $4,430,000
Status: Closed
Listing Contract Date: 2013-12-04
General Property Information
Number Of Buildings: 20
Lot Size Acres: 0
Business Name: Cabin & Lodge Resort
Bonus Room YN: No
Number of Bonus Rooms: 0
Sign On Property YN: No
List Price/SqFt: 115.59
Sold Price/SqFt: 93.1
Living Area: 47583
Year Built: 2004
Remarks and Miscellaneous
Public Remarks: This portfolio consists of 20 beautifully furnished cabins and lodges located within an appealing wooded cabin resort in the heart of the Gatlinburg Arts & Crafts Community. There is convenient access to area shopping, restaurants, and attractions. The address above is one of many cabins located on Spirit Loop Way and Glory Ridge Way. Bank REO property.
Directions: From the Parkway (US 441) in Gatlinburg, turn at Light #3 onto East Parkway (Hwy. 321). Follow to Left at light onto Glades Road, then Right on Proffitt Road to resort on Right.
Status Change Information
Status Change Timestamp: 2016-03-02
Buyer Financing: Conventional
Major Change Timestamp: 2016-03-02T06:35:25Z
Major Change Type: Status Change
Purchase Contract Date: 2016-01-07
Close Date: 2016-03-02
Close Price: 4430000
Currently Not Used
Book/Page/Doc #: 4109, 536
Construction Materials
Log Siding: 1
Listing Terms
Cash: 1
Conventional: 1
Fee Simple Improved: 1
Parking Features
On Site: 1
Possession
Negotiable: 1
Road Frontage Type
Private Road: 1
Special Listing Conditions
In Foreclosure: 1
Income and Expenses
Maintenance Expense: 0
Showing Requirements
Appointment Only: 1
Call Listing Agent: 1
Showing Instructions: Price is 6.5% below $5,879,600 tax appraisal.
Location Tax and Legal
Street Number: 825
Street Name: Spirit Loop
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Other
MLS Area Major: Gatlinburg
Subdivision Name: Hemlock Hills
Property Features
Construction Materials: Log Siding
Listing Terms: Cash; Conventional; Fee Simple Improved
Parking Features: On Site
Possession: Negotiable
Road Frontage Type: Private Road
Special Listing Conditions: In Foreclosure
Showing Requirements: Appointment Only; Call Listing Agent
Listing Office:
Sperry Van Ness/R M Moore, LLC
Last Updated: August - 23 - 2024
Information deemed reliable but not guaranteed.