realty-smokies

← Back to search

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.