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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.