realty-smokies

523 Gatlin Drive, Gatlinburg, TN 37738

$3,500,000
Property Type: Commercial Sale Square Footage: 30,316 Lot Size (sq. ft.): 99,752 Status: Closed
Current Price: $3,500,000 List Date: 3/12/2013 Last Modified: 8/22/2024

Overview

Description

22 brand new upscale luxury condos furnished and ready to move in or put on rental program. Fantastic location just minutes from downtown Gatlinburg! Four story condo complex built over a one story parking level. Each condo is two bedrooms with 2 baths, large kitchen, private balconies. Granite counter tops and beautiful hard wood floors.

Listing Details MLS# 180084

General Property Information

Number Of Buildings
Yes
Lot Size Acres
2.29
Living Area
30316
Business Name
Park Towers Royale
Year Built
2008
Bonus Room YN
No
Sign On Property YN
No
List Price/SqFt
161.63
Sold Price/SqFt
115.45
Number of Bonus Rooms
0

Property Features

Building Features: Elevator(s); Fixtures; Furniture Listing Terms: Cash; Conventional; Fee Simple Improved Parking Features: On Site; Paved Possession: Close Of Escrow Road Surface Type: Paved Special Listing Conditions: In Foreclosure Utilities: Cable Available; Electricity Connected; Phone Available; Sewer Connected; Water Connected Showing Requirements: Appointment Only; Call Listing Agent

Location Tax and Legal

Street Number
523
Street Name
Gatlin
Street Suffix
Drive
County
Sevier
State
TN
Zip Code
37738
Property Sub Type
Other
MLS Area Major
Gatlinburg
Subdivision Name
Other

Contract Information

Original List Price
4900000
Listing Contract Date
2013-03-12
Owner Name
W/H
Listing Agreement
Exclusive Right To Sell
Association Fee
325
Rental History Gross Amount 1
0
Rental History Year 1
0
Rental History Gross Amount 2
0
Rental History Year 2
0

Remarks and Miscellaneous

Public Remarks
22 brand new upscale luxury condos furnished and ready to move in or put on rental program. Fantastic location just minutes from downtown Gatlinburg! Four story condo complex built over a one story parking level. Each condo is two bedrooms with 2 baths, large kitchen, private balconies. Granite counter tops and beautiful hard wood floors.
Directions
From Gatlinburg, take 321 and turn left on Bruce St (next to McDonalds) follow road to the top of the hill at stop sign turn left and then next right onto Gatlin Dr. See condo entrance sign.

Status Change Information

Major Change Timestamp
2013-10-18T05:34:54Z
Major Change Type
Status Change
Status Change Timestamp
2013-10-18
Purchase Contract Date
2013-03-15
Close Date
2013-10-18
Close Price
3500000
Buyer Financing
Conventional

More Information

Currently Not Used

Book/Page/Doc #
3565, 58

Showing Requirements

Showing Instructions
This property is a bank owned property. Please call listing agent's cell phone for showing instructions. Please do not attempt to contact seller directly. Property is being sold AS IS with no warranties expressed, written or implied. As with all real estate transactions buyers should do their own due diligence and verify all information independently, including, but not limited to HOA info, square footage, and acreage; as well as, purchase title insurance, have a survey, home inspection, and any other inspection available. Most information taken from tax records/appraisal, etc, deemed to be reliable, but not verified by listing agent. PRE-APPROVAL LETTER OR PROOF OF FUNDS REQUIRED WITH ALL OFFERS.
Appointment Only
Yes
Call Listing Agent
Yes

Location, Tax, and Legal

Restrictive Covenants YN
Yes
Zoning
Other
Zoning Entity
Other
Tax Lot
No
Tax Annual Amount
17208
Tax Year
2011

Listing Terms

Cash
Yes
Conventional
Yes
Fee Simple Improved
Yes

Parking Features

On Site
Yes
Paved
Yes

Possession

Close Of Escrow
Yes

Road Surface Type

Paved
Yes

Special Listing Conditions

In Foreclosure
Yes

Utilities

Cable Available
Yes
Electricity Connected
Yes
Phone Available
Yes
Sewer Connected
Yes
Water Connected
Yes

Income and Expenses

Maintenance Expense
0

Building Features

Elevator(s)
Yes
Fixtures
Yes
Furniture
Yes
Listing Office: Prime Mountain Properties
Last Updated: August - 22 - 2024
Information deemed reliable but not guaranteed.