314 Rodeo Drive, Gatlinburg, TN 37738

$1,019,000

Virtual Tour

http://tour.usamls.net/314-Rodeo-Dr-Gatlinburg-TN-37738/unbranded

Property Type: Residential Bedrooms: 8 Baths: 7 Square Footage: 4,956 Lot Size (sq. ft.): 222,592 Status: Closed

Current Price: $1,019,000 List Date: 2/18/2024 Last Modified: 8/30/2024

Overview

Description

Fantastic estate in Cobbly Nob! Privately situated on over 5 acres, this sprawling lodge overlooks the national park and has everything you need for entertaining. It comfortably accommodates up to 24, with 8 bedrooms plus a bonus sleeping area, and 8 full bathrooms. The large chef's kitchen features a 6-burner Wolf range, and a dedicated dining room has plentiful seating for all guests. Don't miss the game room and theater room, and there's even a dedicated office space. Expansive decks take in the views of the national park, and a large yard allows for plenty of outdoor activities. Enjoy the privacy of no visible neighbors, yet the community amenities including multiple pools and tennis courts are just moments away. This property has been a successful rental with $164k in rents alone in the past 12 months and a rating of 4.98 stars with 97 reviews on AirBNB!. The owner has done extensive updates, including a brand new roof in 2023, replacing carpet with LVP, painting, creating ... (Read more)

Listing Details MLS# 268479

General Property Information

Stories Total: 3
Lot Size Acres: 5.11
Living Area: 4956
Above Grade Finished Area: 3913
Below Grade Finished Area: 1043
Bedrooms Total: 8
Bathrooms Total: 7
Bathrooms Full: 7
Garage YN: No
Fireplace YN: Yes
Year Built: 1986
Bonus Room YN: Yes
Number of Bonus Rooms: 5
Bonus Room Type(s): Sleeping, Theater, Recreation
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: 227
Sold Price/SqFt: 205.61
Below Grade Unfinished Area: 0
Bathrooms Half: 0
Garage Spaces: 0

Property Features

Appliances: Dishwasher; Dryer; Gas Range; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer Architectural Style: Cabin; Log Association Amenities: Pool; Tennis Court(s) Association Fee Includes: Roads; Security Attic Features: None Basement: Finished Construction Materials: Frame; Log Siding; Masonry Cooling: Central Air Fireplace Features: Blower Fan; Electric; Free Standing Foundation Details: Combination Heating: Central Interior Features: Ceiling Fan(s); Formal Dining; Great Room Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Three Or More Listing Terms: 1031 Exchange; Cash; Conventional Lot Features: Private Patio And Porch Features: Covered; Deck; Patio; Screened Pool Features: Hot Tub Possession: Close Of Escrow Road Frontage Type: Private Road Roof: Composition Sewer: Septic Tank View: Mountain(s) Water Source: Public

Location Tax and Legal

Street Number: 314
Street Name: Rodeo
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Single Family Residence
MLS Area Major: Cobbly Nob
Subdivision Name: Cobbly Nob

Contract Information

Original List Price: 1350000
Listing Contract Date: 2024-02-17
Auction YN: No
Owner Name: Asr Gatlinburg Property
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Association YN: Yes
Association Fee: 1814
Association Fee Frequency: Annually
Association Name: Cobbly Nob POA
Association Phone: (865) 436-9630
Association Email: admin@cnpoa.org
Association Type: Mandatory

Remarks and Miscellaneous

Public Remarks: Fantastic estate in Cobbly Nob! Privately situated on over 5 acres, this sprawling lodge overlooks the national park and has everything you need for entertaining. It comfortably accommodates up to 24, with 8 bedrooms plus a bonus sleeping area, and 8 full bathrooms. The large chef's kitchen features a 6-burner Wolf range, and a dedicated dining room has plentiful seating for all guests. Don't miss the game room and theater room, and there's even a dedicated office space. Expansive decks take in the views of the national park, and a large yard allows for plenty of outdoor activities. Enjoy the privacy of no visible neighbors, yet the community amenities including multiple pools and tennis courts are just moments away. This property has been a successful rental with $164k in rents alone in the past 12 months and a rating of 4.98 stars with 97 reviews on AirBNB!. The owner has done extensive updates, including a brand new roof in 2023, replacing carpet with LVP, painting, creating the theater room with stadium-style seating, new hot tub, and extensive new furniture and fixtures, along with a Phyn water monitor. There is a section of foundation in need of repair; foundation quote of $16,687 in docs. Property needs general TLC and some siding repair. Seller is willing to extend a credit to buyer in lieu of repairs. Drone photography used.
Directions: From Downtown Gatlinburg: take East Parkway 11.1 miles until you pass Bent Creek Golf Club. Just past Bent Creek, turn left onto Butler Branch Road. After 0.6 miles, veer left onto Rodeo Rd. then take a hard left to follow Rodeo Rd. Property will be on the left.

Status Change Information

Major Change Timestamp: 2024-06-12T18:05:41Z
Major Change Type: Status Change
Price Change Timestamp: 2024-04-19T19:18:52Z
Status Change Timestamp: 2024-06-12
Purchase Contract Date: 2024-05-01
Close Date: 2024-06-10
Close Price: 1019000
Buyer Financing: Conventional
Concessions Comments: Total of $98,998 in credits ($19,000 towards closing expenses, balance towards repairs)
Anticipated Closing Date: 2024-06-05

More Information

Fireplace Features

Fireplaces Total: 3
Blower Fan: Yes
Electric: Yes
Free Standing: Yes

Showing Requirements

Showing Instructions: Text Julie at 615-568-6195 to show. Sold AS IS. Needed repairs include: replacing areas of siding and fascia that show moisture damage; areas around windows and doors that show moisture damage; foundation bowing and displacement in the forward-most part of the cabin. Structural engineering report from 7/23 in docs, along with excerpts from inspections when seller purchased in 2019 showing foundation condition. Seller will credit $50,000 towards these repairs with acceptable offer. ALL OFFERS should be made with awareness of these aspects, and property has been priced accordingly. All information taken from seller or tax records and is deemed reliable but not guaranteed; buyer or buyer's agent to verify anything of importance. AirBNB: https://www.airbnb.com/rooms/41514526 VRBO: https://www.vrbo.com/9331735ha

Historical Information

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

Location, Tax, and Legal

New Construction YN: No
Restrictive Covenants YN: Yes
Zoning: A-1
Zoning Entity: Sevier County
Parcel Number: 110 030.02
Tax Lot: -
Book/Page/Doc #: 5454, 216
Tax Annual Amount: 2665.85
Tax Year: 2022

Appliances

Dishwasher: Yes
Dryer: Yes
Gas Range: Yes
Microwave: Yes
Range Hood: Yes
Refrigerator: Yes
Self Cleaning Oven: Yes
Washer: Yes

Architectural Style

Cabin: Yes
Log: Yes

Association Amenities

Pool: Yes
Tennis Court(s): Yes

Association Fee Includes

Roads: Yes
Security: Yes

Attic Features

None: Yes

Basement

Finished: Yes

Construction Materials

Frame: Yes
Log Siding: Yes
Masonry: Yes

Cooling

Central Air: Yes

Foundation Details

Combination: Yes

Heating

Central: Yes

Interior Features

Ceiling Fan(s): Yes
Formal Dining: Yes
Great Room: 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

Private: Yes

Patio And Porch Features

Covered: Yes
Deck: Yes
Patio: Yes
Screened: Yes

Pool Features

Hot Tub: Yes

Possession

Close Of Escrow: Yes

Road Frontage Type

Private Road: Yes

Roof

Composition: Yes

Sewer

Septic Tank: Yes

View

Mountain(s): Yes

Water Source

Public: Yes

Listing Office: eXp Realty, LLC 7720

Last Updated: August - 30 - 2024

Information deemed reliable but not guaranteed.

314 Rodeo Drive, Gatlinburg, TN 37738 (MLS# 268479)