realty-smokies

520 Otter Run Way, Gatlinburg, TN 37738

$1,900,000
Property Type: Residential Bedrooms: 5 Baths: 6 Square Footage: 4,196 Lot Size (sq. ft.): 60,548 Status: Closed
Current Price: $1,900,000 List Date: 6/10/2022 Last Modified: 8/27/2024

Overview

Description

PRIVATE MOUNTAIN ESTATE! UPDATE: July 2022 Gross Overnight Rental Revue $33,000!! This majestic custom home boasts 4186 square feet of open floor plan with 5 large bedrooms, each with it's own private bath, and is perched on a shelf overlooking the sweeping watershed of Norton Creek with stunning views in all seasons. The main level great room is full of character with exposed post and beam details, an open gourmet kitchen (granite counter tops), with one of three massive stone fireplaces (wood burning or gas), breakfast nook and deck access. The entry level also features a half bath, coat closet, laundry room and master bedroom with an spacious his and her luxury bath. The lower level consists of four guest suites, a bunk room, second deck and a fabulous "treehouse" gazebo with a wood burning fireplace overlooking the sweeping mountain and valley views. Gaze at the stars as you listen to Norton Creek below on sultry summer nights. The detached two car garage has been finished as a Rec Room/Media Room. This exquisite home would make a great short term rental, as it sleeps 16 comfortably and is offered completely furnished with all fixtures, decor and appliances. A totally private, end of cul-de-sac location makes it the perfect Mountain Get-Away. Home is currently an Overnight Vacation Rental and is a very lucrative investment.(UPDATE: July, 2022 Gross Rental Revenue $33,000) The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. This area offers easy access to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park as well. Call today for your private showing!

Listing Details MLS# 250083

General Property Information

Lot Size Acres
1.39
Living Area
4196
Above Grade Finished Area
2444
Below Grade Finished Area
1752
Bedrooms Total
5
Bathrooms Total
6
Bathrooms Full
5
Bathrooms Half
Yes
Year Built
2008
Bonus Room YN
Yes
Number of Bonus Rooms
2
Bonus Room Type(s)
Bunk Beds and Rec Room
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
465.84
Sold Price/SqFt
453.89
Below Grade Unfinished Area
0
Garage Spaces
0

Property Features

Appliances: Dishwasher; Disposal; Double Oven; Dryer; Gas Cooktop; Microwave; Range Hood; Refrigerator; Self Cleaning Oven; Washer Architectural Style: Chalet; Craftsman; Ranch Attic Features: Access Only Basement: Basement; Finished; Full; Walk-Out Access Construction Materials: Frame; Masonite; Stone Cooling: Central Air; Heat Pump; Zoned Exterior Features: Rain Gutters Fireplace Features: Gas Log; Wood Burning Flooring: Wood Heating: Central; Heat Pump; Zoned Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; Soaking Tub; Solid Surface Counters; Walk-In Closet(s); Wet Bar Laundry Features: Electric Dryer Hookup; Washer Hookup Levels: Two Listing Terms: Cash; Conventional Lot Features: Wooded Parking Features: Driveway; Paved; Private; Other Patio And Porch Features: Covered; Deck; Porch Possession: Close Of Escrow Rental: On Site Road Frontage Type: Private Road Road Surface Type: Paved Roof: Composition Security Features: Gated Community; Smoke Detector(s) Sewer: Public Sewer View: Mountain(s) Water Source: Well Showing Requirements: Appointment Only; Listing Agent Must Accompany; See Remarks

Location Tax and Legal

Street Number
520
Street Name
Otter Run
Street Suffix
Way
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Single Family Residence
MLS Area Major
Gatlinburg
Subdivision Name
Estates at Norton Creek

Contract Information

Original List Price
2300000
Listing Contract Date
2022-06-10
Owner Name
LRTN Smoky LLC
Listing Agreement
Exclusive Right To Sell
Occupancy
Either
Association YN
Yes
Association Fee
2000
Association Fee Frequency
Annually
Association Name
Estates at Norton Creek
Association Email
info@nortoncreekliving.com
Association Type
Mandatory

Remarks and Miscellaneous

Public Remarks
PRIVATE MOUNTAIN ESTATE! UPDATE: July 2022 Gross Overnight Rental Revue $33,000!! This majestic custom home boasts 4186 square feet of open floor plan with 5 large bedrooms, each with it's own private bath, and is perched on a shelf overlooking the sweeping watershed of Norton Creek with stunning views in all seasons. The main level great room is full of character with exposed post and beam details, an open gourmet kitchen (granite counter tops), with one of three massive stone fireplaces (wood burning or gas), breakfast nook and deck access. The entry level also features a half bath, coat closet, laundry room and master bedroom with an spacious his and her luxury bath. The lower level consists of four guest suites, a bunk room, second deck and a fabulous "treehouse" gazebo with a wood burning fireplace overlooking the sweeping mountain and valley views. Gaze at the stars as you listen to Norton Creek below on sultry summer nights. The detached two car garage has been finished as a Rec Room/Media Room. This exquisite home would make a great short term rental, as it sleeps 16 comfortably and is offered completely furnished with all fixtures, decor and appliances. A totally private, end of cul-de-sac location makes it the perfect Mountain Get-Away. Home is currently an Overnight Vacation Rental and is a very lucrative investment.(UPDATE: July, 2022 Gross Rental Revenue $33,000) The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. This area offers easy access to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park as well. Call today for your private showing!
Directions
Travelling toward Gatlinburg from traffic light #10 in Pigeon Forge - go 3.4 miles and turn right on Cove Mountain Rd with an immediate left onto Norton Creek Rd. Go 2 miles (pass through Estates at Norton Creek gate) and right on Vasey Tillium Way (also Margit Worsham Way). Go 0.4 miles and right on Otter Run Way. Home is at the end of the cul de sac.

Status Change Information

Major Change Timestamp
2022-09-16T17:17:36Z
Major Change Type
Status Change
Price Change Timestamp
2022-07-25T18:13:21Z
Status Change Timestamp
2022-09-16
Purchase Contract Date
2022-08-20
Close Date
2022-09-16
Close Price
1900000
Buyer Financing
Cash
Anticipated Closing Date
2022-09-16

More Information

Showing Requirements

Showing Instructions
Gated Community. Must co-show. No sign on property. Call Bill Boring for showing appointment at 770-870-9407. (DO NOT CALL LISTING AGENT) All offers must be include approval letter or proof of funds. Norton Creek Addendums required for all offers. See attachments in documents on MLS. Property is a vacation rental. Showings subject to availability.
Appointment Only
Yes
Listing Agent Must Accompany
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
Parcel Number
125 011.57
Tax Lot
B-14
Book/Page/Doc #
714, 5937
Tax Annual Amount
3993.42
Tax Year
2019

Appliances

Dishwasher
Yes
Disposal
Yes
Double Oven
Yes
Dryer
Yes
Gas Cooktop
Yes
Microwave
Yes
Range Hood
Yes
Refrigerator
Yes
Self Cleaning Oven
Yes
Washer
Yes

Architectural Style

Chalet
Yes
Craftsman
Yes
Ranch
Yes

Attic Features

Access Only
Yes

Basement

Basement
Yes
Finished
Yes
Full
Yes
Walk-Out Access
Yes

Construction Materials

Frame
Yes
Masonite
Yes
Stone
Yes

Cooling

Central Air
Yes
Heat Pump
Yes
Zoned
Yes

Exterior Features

Rain Gutters
Yes

Fireplace Features

Gas Log
Yes
Wood Burning
Yes

Flooring

Wood
Yes

Heating

Central
Yes
Heat Pump
Yes
Zoned
Yes

Interior Features

Cathedral Ceiling(s)
Yes
Ceiling Fan(s)
Yes
Great Room
Yes
Soaking Tub
Yes
Solid Surface Counters
Yes
Walk-In Closet(s)
Yes
Wet Bar
Yes

Laundry Features

Electric Dryer Hookup
Yes
Washer Hookup
Yes

Levels

Two
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Wooded
Yes

Parking Features

Driveway
Yes
Paved
Yes
Private
Yes
Other
Yes

Patio And Porch Features

Covered
Yes
Deck
Yes
Porch
Yes

Possession

Close Of Escrow
Yes

Rental

On Site
Yes

Road Frontage Type

Private Road
Yes

Road Surface Type

Paved
Yes

Roof

Composition
Yes

Security Features

Gated Community
Yes
Smoke Detector(s)
Yes

Sewer

Public Sewer
Yes

View

Mountain(s)
Yes

Water Source

Well
Yes
Listing Office: Wind River Properties, LLC
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.