561 Edgewood Drive, Gatlinburg, TN 37738
$1,350,000
Property Type:
Residential
Bedrooms:
3
Baths:
4
Square Footage:
3,316
Lot Size (sq. ft.):
15,682
Status:
Closed
Current Price:
$1,350,000
List Date:
6/12/2023
Last Modified:
8/27/2024
Overview
Description
New construction! Listed at over 200K below market value!! As of June 2023, this home has been appraised at 1.8 million. The seller is motivated to sell, and this property is perfect for those looking for a permanent or vacation home or an investment property in Gatlinburg, TN. It is located in the highly sought-after Chalet Village of Gatlinburg and offers breathtaking views of the Smoky Mountains. You'll be impressed by the elegant 8-foot doors, remarkable gourmet kitchen, and beautiful marble master bathroom. The entertainment area features a gorgeous custom wet bar and dream theater, perfect for relaxing with family and entertaining guests! Conveniently located in the heart of the area, you'll have quick access to three clubhouses with pool access, downtown Gatlinburg, The Great Smoky Mountains, and Pigeon Forge, all within a few minutes drive. Additionally, this cabin has a Gatlinburg address but only requires county property taxes, making it an excellent investment opportunity. Great STR potential based on like-kind properties in the same locale. Please note that taxes are pre-construction, and the *buyer should verify all pertinent details, including tax data, property measurements, and school info. The home is virtually staged to showcase its full potential.
Listing Details MLS# 257779
General Property Information
- Lot Size Acres
- 0.36
- Living Area
- 3316
- Above Grade Finished Area
- 2046
- Below Grade Finished Area
- 1270
- Bedrooms Total
- 3
- Bathrooms Total
- 4
- Bathrooms Full
- 3
- Bathrooms Half
- Yes
- Garage YN
- No
- Year Built
- 2023
- Bonus Room YN
- No
- Accessory Dwelling Unit YN
- No
- Sign On Property YN
- Yes
- Home Warranty YN
- No
- Construction Type
- Site Built
- View YN
- Yes
- List Price/SqFt
- 481
- Sold Price/SqFt
- 407.12
- Below Grade Unfinished Area
- 0
- Garage Spaces
- 0
Property Features
Appliances:
Dishwasher; Double Oven; Gas Range; Microwave; Range Hood; Refrigerator; Washer
Architectural Style:
Cabin; Contemporary; Country
Association Amenities:
Clubhouse; Pool; Tennis Court(s)
Attic Features:
Access Only; Floored
Basement:
Basement; Finished; Full
Construction Materials:
Block; Frame; Wood Siding
Cooling:
Central Air; Electric; Heat Pump; Zoned
Exterior Features:
Rain Gutters
Fireplace Features:
Blower Fan; Gas Log
Flooring:
Wood
Heating:
Central; Electric; Heat Pump; Propane
Interior Features:
Cathedral Ceiling(s); Ceiling Fan(s); High Speed Internet; Solid Surface Counters; Wet Bar
Laundry Features:
Electric Dryer Hookup; Washer Hookup
Levels:
Three Or More
Listing Terms:
1031 Exchange; Cash; Conventional
Lot Features:
Wooded
Patio And Porch Features:
Covered; Deck
Pool Features:
Hot Tub
Possession:
Close Of Escrow; Other
Road Frontage Type:
County Road
Road Surface Type:
Paved
Roof:
Metal
Security Features:
Smoke Detector(s)
Sewer:
Septic Tank; Septic Permit On File
View:
Mountain(s)
Water Source:
Public
Window Features:
Double Pane Windows
Showing Requirements:
Appointment Only; Call Listing Agent; Lockbox; See Remarks
Room Types:
Bedroom 2; Bedroom 3; Dining Room; Game Room; Kitchen; Living Room; Other; Primary Bedroom; Utility Room
Location Tax and Legal
- Street Number
- 561
- Street Name
- Edgewood
- Street Suffix
- Drive
- County
- Sevier
- State
- TN
- Zip Code
- 37738
- Property Sub Type
- Single Family Residence
- MLS Area Major
- Chalet Village
- Subdivision Name
- Chalet Village North
Contract Information
- Original List Price
- 1795000
- Listing Contract Date
- 2023-06-12
- Owner Name
- Ward, Randall
- Listing Agreement
- Exclusive Right To Sell
- Occupancy
- Either
- Occupant Type
- Vacant
- Association YN
- Yes
- Association Fee
- 519
- Association Fee Frequency
- Annually
- Association Name
- Chalet Village Owner's Club
- Association Email
- cvowners@aol.com
- Association Type
- Mandatory
Remarks and Miscellaneous
- Public Remarks
- New construction! Listed at over 200K below market value!! As of June 2023, this home has been appraised at 1.8 million. The seller is motivated to sell, and this property is perfect for those looking for a permanent or vacation home or an investment property in Gatlinburg, TN. It is located in the highly sought-after Chalet Village of Gatlinburg and offers breathtaking views of the Smoky Mountains. You'll be impressed by the elegant 8-foot doors, remarkable gourmet kitchen, and beautiful marble master bathroom. The entertainment area features a gorgeous custom wet bar and dream theater, perfect for relaxing with family and entertaining guests! Conveniently located in the heart of the area, you'll have quick access to three clubhouses with pool access, downtown Gatlinburg, The Great Smoky Mountains, and Pigeon Forge, all within a few minutes drive. Additionally, this cabin has a Gatlinburg address but only requires county property taxes, making it an excellent investment opportunity. Great STR potential based on like-kind properties in the same locale. Please note that taxes are pre-construction, and the *buyer should verify all pertinent details, including tax data, property measurements, and school info. The home is virtually staged to showcase its full potential.
- Directions
- From the spur in Pigeon Forge heading toward Gatlinburg, turn right at Wiley Oakley Drive (at the Gatlinburg Welcome Center). Continue up Wiley Oakley Drive approx. 1 mile, then turn right on Edgewood Dr. Follow Edgewood Dr. up and around the bend about 1/4 of a mile, and home is on the left-hand side.
Status Change Information
- Major Change Timestamp
- 2023-08-08T17:42:35Z
- Major Change Type
- Status Change
- Price Change Timestamp
- 2023-06-22T19:19:36Z
- Status Change Timestamp
- 2023-08-08
- Purchase Contract Date
- 2023-07-11
- Close Date
- 2023-08-08
- Close Price
- 1350000
- Buyer Financing
- Other
- Anticipated Closing Date
- 2023-08-07
More Information
Showing Requirements
- Showing Instructions
- Attention agents! SELLER OFFERING $10,000 AGENT BONUS with a signed contract by 7/30/23!! **Bonus Offer Details: 10K bonus offer noted above becomes invalid if the signed contract fails to fulfill its agreed-upon terms. The seller is motivated. The home is available for showings and is located approximately one mile from the Welcome Center. Please note that the home is currently vacant and has been virtually staged. As an added bonus, a large home theater TV and hot tub on the deck are included with the purchase. **To schedule a showing, kindly contact Tamara Costello at 615-513-6766. For security reasons, *please refrain from sending text messages and instead, call directly. Also, note there is a "temporary" bear fence around the newly planted landscape area to prevent bears from damaging the landscape (along the driveway). **Please ensure that all offers include a pre-approval letter or proof of funds. Thank you!
- Appointment Only
- Yes
- Call Listing Agent
- Yes
- Lockbox
- Yes
- See Remarks
- Yes
Historical Information
- Public Historical Remarks
- Interior Features: Large Primary Bedroom
Room Types
- Bedroom 2 Level
- 2
- Bedroom 3 Level
- 2
- Dining Room Level
- Yes
- Game Room Level
- B
- Kitchen Level
- Yes
- Living Room Level
- Yes
- Other Level
- B
- Primary Bedroom Level
- Yes
- Utility Room Level
- B
- Bedroom 2
- Yes
- Bedroom 3
- Yes
- Dining Room
- Yes
- Game Room
- Yes
- Kitchen
- Yes
- Living Room
- Yes
- Other
- Yes
- Primary Bedroom
- Yes
- Utility Room
- Yes
Location, Tax, and Legal
- Restrictive Covenants YN
- Yes
- Zoning
- R-1
- Zoning Entity
- Sevier County
- Parcel Number
- 126B C 017.00
- Tax Lot
- 0429
- Book/Page/Doc #
- 5101, 722
- Tax Annual Amount
- 166.5
- Tax Year
- 2022
Appliances
- Dishwasher
- Yes
- Double Oven
- Yes
- Gas Range
- Yes
- Microwave
- Yes
- Range Hood
- Yes
- Refrigerator
- Yes
- Washer
- Yes
Architectural Style
- Cabin
- Yes
- Contemporary
- Yes
- Country
- Yes
Association Amenities
- Clubhouse
- Yes
- Pool
- Yes
- Tennis Court(s)
- Yes
Attic Features
- Access Only
- Yes
- Floored
- Yes
Basement
- Basement
- Yes
- Finished
- Yes
- Full
- Yes
Construction Materials
- Block
- Yes
- Frame
- Yes
- Wood Siding
- Yes
Cooling
- Central Air
- Yes
- Electric
- Yes
- Heat Pump
- Yes
- Zoned
- Yes
Exterior Features
- Rain Gutters
- Yes
Fireplace Features
- Blower Fan
- Yes
- Gas Log
- Yes
Flooring
- Wood
- Yes
Heating
- Central
- Yes
- Electric
- Yes
- Heat Pump
- Yes
- Propane
- Yes
Interior Features
- Cathedral Ceiling(s)
- Yes
- Ceiling Fan(s)
- Yes
- High Speed Internet
- Yes
- Solid Surface Counters
- Yes
- Wet Bar
- 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
- Wooded
- Yes
Patio And Porch Features
- Covered
- Yes
- Deck
- Yes
Pool Features
- Hot Tub
- Yes
Possession
- Close Of Escrow
- Yes
- Other
- Yes
Road Frontage Type
- County Road
- Yes
Road Surface Type
- Paved
- Yes
Roof
- Metal
- Yes
Security Features
- Smoke Detector(s)
- Yes
Sewer
- Septic Tank
- Yes
- Septic Permit On File
- Yes
View
- Mountain(s)
- Yes
Water Source
- Public
- Yes
Window Features
- Double Pane Windows
- Yes
Room Information
Primary Bedroom
Level: First
Bedroom 2
Level: Second
Bedroom 3
Level: Second
Kitchen
Level: First
Dining Room
Level: First
Living Room
Level: First
Game Room
Level: Basement
Remarks: Recreation Area
Utility Room
Level: Basement
Other
Level: Basement
Remarks: Wet-bar
Primary Bedroom
Level: First
Bedroom 2
Level: Second
Bedroom 3
Level: Second
Kitchen
Level: First
Dining Room
Level: First
Living Room
Level: First
Game Room
Level: Basement
Utility Room
Level: Basement
Other
Level: Basement
Listing Office:
Benchmark Realty, LLC Franklin
Last Updated: August - 27 - 2024
Information deemed reliable but not guaranteed.