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725 W Highland Drive, Gatlinburg, TN 37738
$515,000
Property Type:
Residential
Bedrooms:
2
Baths:
2
Square Footage:
993
Lot Size (sq. ft.):
15,682
Status:
Active
Current Price:
$515,000
List Date:
5/24/2024
Last Modified:
5/31/2024
Description
Investment opportunity for an income producing property located within the city limits of Gatlinburg, in the Glades community. Projected yearly income of approx $60k. Seasonal mountain views. Minutes to Hwy 321, nearby shops, restaurants, and attractions. Recent improvements include new HVAC, Plumbing, Kitchen Remodel, Windows, Interior Paint (2019), New Metal Roof (2022), Driveway, Porch, Patio, Exterior Sealer/Paint, Light Fixtures and Ceiling Fans, Flooring, Bath Remodels, New Hot Tub and French Door (2023) Backyard Area Remodel (2024). Fully furnished and turnkey ready. Professional photos coming soon. Come check out this awesome investment opportunity.
More Information MLS# 301187
Location, Tax, and Legal
Street Number: 725
Street Direction Prefix: W
Street Name: Highland
Street Suffix: Drive
County: Sevier
State: TN
Zip Code: 37738
Zip +4: 5530
City/County: City
New Construction YN: No
Property Sub Type: Single Family Residence
MLS Area Major: Gatlinburg
Restrictive Covenants YN: Yes
Subdivision Name: Other
Zoning: R2
Zoning Entity: Sevier
Parcel Number: 117D A 020.00
Tax Lot: 0002
Tax Annual Amount: 354.46
Tax Year: 2023
City Tax: 27.75
County Tax: 326.71
Contract Information
Current Price: $515,000
Original List Price: 515000
List Price: $515,000
Status: Active
Listing Contract Date: 2024-05-23
Auction YN: No
Owner Name: Patto
Listing Agreement: Exclusive Right To Sell
Exclusions YN: No
Co-op Compensation $/%: 3%
Dual Or Variable Rate Commission YN: No
Sales Incentive YN: No
Occupancy: Either
Association YN: No
General Property Information
Stories Total: 1
Lot Size Acres: 0.36
Lot Size Source: Owner
Living Area: 993
Living Area Source: Public Records
Above Grade Finished Area: 993
Bedrooms Total: 2
Bathrooms Total: 2
Bathrooms Full: 2
Garage YN: No
Attached Garage YN: No
Fireplace YN: Yes
Year Built: 1957
Bonus Room YN: No
Sign On Property YN: No
Home Warranty YN: No
Furnished: Furnished
Construction Type: Site Built
View YN: Yes
List Price/SqFt: 518.63
Remarks and Miscellaneous
Public Remarks: Investment opportunity for an income producing property located within the city limits of Gatlinburg, in the Glades community. Projected yearly income of approx $60k. Seasonal mountain views. Minutes to Hwy 321, nearby shops, restaurants, and attractions. Recent improvements include new HVAC, Plumbing, Kitchen Remodel, Windows, Interior Paint (2019), New Metal Roof (2022), Driveway, Porch, Patio, Exterior Sealer/Paint, Light Fixtures and Ceiling Fans, Flooring, Bath Remodels, New Hot Tub and French Door (2023) Backyard Area Remodel (2024). Fully furnished and turnkey ready. Professional photos coming soon. Come check out this awesome investment opportunity.
Directions: Hwy 321, to Glades Rd, Left on Powdermill Rd. Right onto W Highland Dr. Property on Left.
Status Change Information
Major Change Timestamp: 2024-05-24T20:06:13Z
Major Change Type: New Listing
Status Change Timestamp: 2024-05-24
Fireplace Features
Fireplaces Total: 1
Main Room Levels
Main Level Bathrooms: 2
Main Level Bedrooms: 2
Showing Requirements
Showing Instructions: Home is on Rental Program. Availability will be based on vacancy. Please call Listing Agent to Schedule All Showings.
Property Features
Accessibility Features: Accessible Approach with Ramp; Central Living Area
Appliances: Dryer; Electric Range; Electric Water Heater; Microwave; Refrigerator; Washer
Architectural Style: Ranch
Basement: Crawl Space
Construction Materials: Frame; Wood Siding
Cooling: Central Air
Current Financing: Conventional
Current Use: Investment; Single Family
Documents Available: Property Disclosure
Door Features: French Doors
Electric: 220 Volts
Exterior Features: Rain Gutters; Storage
Fireplace Features: Electric
Flooring: Carpet; Luxury Vinyl
Heating: Heat Pump
Interior Features: Ceiling Fan(s); Kitchen Island; Kitchen/Dining Combo; Walk-In Closet(s); Walk-In Shower(s)
Laundry Features: Inside; Main Level; Washer Hookup
Levels: One
Listing Terms: 1031 Exchange; Cash; Conventional
Lock Box Information: See Remarks
Lot Features: City Lot; Irregular Lot; Rolling Slope; Wooded
Other Structures: Outbuilding; Storage
Parking Features: Additional Parking; On Site
Patio And Porch Features: Covered; Patio; Porch
Possession: Close Of Escrow
Property Condition: Updated/Remodeled
Rental: Self Managed
Road Frontage Type: County Road
Road Responsibility: Public Maintained Road
Road Surface Type: Paved
Roof: Metal
Sewer: Public Sewer
Utilities: Internet Connected; Sewer Connected; Water Connected
View: Mountain(s); Seasonal
Water Source: Public
Window Features: Window Coverings
Showing Considerations: See Remarks
Showing Requirements: Appointment Only; Call Listing Agent; See Remarks
Listing Office: Re/Max Preferred Properties SEY
Last Updated: May - 31 - 2024
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information deemed reliable but not guaranteed.