708 Park Vista Way, Gatlinburg, TN 37738

$1,550,000

Virtual Tour

http://tour.usamls.net/708-Park-Vista-Way-Gatlinburg-TN-37738/unbranded

Property Type: Residential Bedrooms: 7 Baths: 8 Square Footage: 4,704 Status: Closed

Current Price: $1,550,000 List Date: 6/28/2022 Last Modified: 8/27/2024

Overview

Description

Fantastic investment opportunity within the city limits of Gatlinburg. This cabin is located in the always popular Gatlinburg Falls resort with easy access, an no scary roads. The property boasts excellent views of Mt. LeConte and the National Park, a community pool, theater room, game & arcade room, and currently sleeps 28 guests. There are seven bedrooms, six bathrooms, two half baths, several levels of decking, a wet bar, and two hot tubs. The property was designed with large groups in mind as it has double refrigerators, double ovens, counter seating for five, and dining seating for twenty six. The cabin grossed over $173,000 in gross rental for 2021, and is a great rental performer due to its large size and convenient location to downtown Gatlinburg and the National Park. Call for a showing today!

Listing Details MLS# 251522

General Property Information

Living Area: 4704
Above Grade Finished Area: 3136
Below Grade Finished Area: 1568
Bedrooms Total: 7
Bathrooms Total: 8
Bathrooms Full: 6
Bathrooms Half: 2
Garage YN: No
Year Built: 2009
Bonus Room YN: No
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: 350.77
Sold Price/SqFt: 329.51
Lot Size Acres: 0
Below Grade Unfinished Area: 0
Garage Spaces: 0

Property Features

Appliances: Dishwasher; Disposal; Double Oven; Dryer; Electric Cooktop; Electric Range; Microwave; Range Hood; Refrigerator; Washer Architectural Style: Cabin Association Amenities: Clubhouse; Pool Association Fee Includes: Maintenance Grounds; Roads Basement: Crawl Space; Finished Construction Materials: Log; Log Siding Cooling: Central Air; Electric Fireplace Features: Gas Log Flooring: Wood Heating: Central; Electric Interior Features: Cathedral Ceiling(s); Ceiling Fan(s); Great Room; High Speed Internet; Wet Bar Levels: Three Or More Listing Terms: 1031 Exchange; Cash; Conventional Parking Features: Driveway; Paved Patio And Porch Features: Covered; Deck Pool Features: Hot Tub; Private Possession: Close Of Escrow Rental: Rental History Road Frontage Type: City Street Road Surface Type: Paved Roof: Composition Security Features: Smoke Detector(s) Sewer: Public Sewer Utilities: Cable Available View: Mountain(s) Water Source: Public Window Features: Window Treatments Showing Requirements: Call Manager; See Remarks

Location Tax and Legal

Street Number: 708
Street Name: Park Vista
Street Suffix: Way
County: Sevier
State: TN
Zip Code: 37738
Property Sub Type: Single Family Residence
MLS Area Major: Gatlinburg
Subdivision Name: Gatlinburg Falls

Contract Information

Original List Price: 1650000
Listing Contract Date: 2022-06-28
Owner Name: Sfi Properties LLC
Listing Agreement: Exclusive Right To Sell
Occupancy: Either
Common Interest: Planned Development
Rental History Gross Amount 1: 173830.07
Rental History Year 1: 2021
Association YN: Yes
Association Fee: 365.31
Association Fee Frequency: Monthly
Association Name: Wise Property Solutions
Association Email: services@wisepropertysolutions.com
Association Type: Mandatory

Remarks and Miscellaneous

Public Remarks: Fantastic investment opportunity within the city limits of Gatlinburg. This cabin is located in the always popular Gatlinburg Falls resort with easy access, an no scary roads. The property boasts excellent views of Mt. LeConte and the National Park, a community pool, theater room, game & arcade room, and currently sleeps 28 guests. There are seven bedrooms, six bathrooms, two half baths, several levels of decking, a wet bar, and two hot tubs. The property was designed with large groups in mind as it has double refrigerators, double ovens, counter seating for five, and dining seating for twenty six. The cabin grossed over $173,000 in gross rental for 2021, and is a great rental performer due to its large size and convenient location to downtown Gatlinburg and the National Park. Call for a showing today!
Directions: Take the Parkway (Hwy 321) into Gatlinburg and turn left at Light #1 onto Dudley Creek Rd. Turn right at the 3 way stop sign onto Ridge Road. Turn left onto Cheshire Court and then an immediate right into Gatlinburg Falls Park View Resort. Cabin will be down on the right hand side and the cabin name is Parkview Palace.

Status Change Information

Major Change Timestamp: 2022-11-09T18:19:18Z
Major Change Type: Status Change
Status Change Timestamp: 2022-11-09
Purchase Contract Date: 2022-09-15
Close Date: 2022-11-09
Close Price: 1550000
Buyer Financing: Conventional
Anticipated Closing Date: 2022-10-27

More Information

Showing Requirements

Showing Instructions: Call or text Listing Agent Jared Drager for questions or showings at 865-244-6414. Property is on rental with Amazing Views of the Smokies and is called "Parkview Palace". Most information taken from tax records and/or owner's, and not verified by the listing agent/company. All information deemed reliable but not guaranteed. As with all Real Estate transactions, buyer should verify all information independently.
Call Manager: Yes
See Remarks: Yes

Location, Tax, and Legal

Restrictive Covenants YN: Yes
Zoning: R-2
Zoning Entity: Sevier County
Parcel Number: 117 063.00
Tax Lot: 39-A
Book/Page/Doc #: 3536, 659
Tax Annual Amount: 4539.31
Tax Year: 2021

Appliances

Dishwasher: Yes
Disposal: Yes
Double Oven: Yes
Dryer: Yes
Electric Cooktop: Yes
Electric Range: Yes
Microwave: Yes
Range Hood: Yes
Refrigerator: Yes
Washer: Yes

Architectural Style

Cabin: Yes

Association Amenities

Clubhouse: Yes
Pool: Yes

Association Fee Includes

Maintenance Grounds: Yes
Roads: Yes

Basement

Crawl Space: Yes
Finished: Yes

Construction Materials

Log: Yes
Log Siding: Yes

Cooling

Central Air: Yes
Electric: Yes

Fireplace Features

Gas Log: Yes

Flooring

Wood: Yes

Heating

Central: Yes
Electric: Yes

Interior Features

Cathedral Ceiling(s): Yes
Ceiling Fan(s): Yes
Great Room: Yes
High Speed Internet: Yes
Wet Bar: Yes

Levels

Three Or More: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes

Parking Features

Driveway: Yes
Paved: Yes

Patio And Porch Features

Covered: Yes
Deck: Yes

Pool Features

Hot Tub: Yes
Private: Yes

Possession

Close Of Escrow: Yes

Rental

Rental History: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Roof

Composition: Yes

Security Features

Smoke Detector(s): Yes

Sewer

Public Sewer: Yes

Utilities

Cable Available: Yes

View

Mountain(s): Yes

Water Source

Public: Yes

Window Features

Window Treatments: Yes

Listing Office: Prime Mountain Properties

Last Updated: August - 27 - 2024

Information deemed reliable but not guaranteed.

708 Park Vista Way, Gatlinburg, TN 37738 (MLS# 251522)