$1,165,000
$1,200,000
2.9%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
6 Baths
3,512 SqFt
SOLD DATE : 01/31/2023
Key Details
Sold Price $1,165,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,512 sqft
Price per Sqft $331
Subdivision Laurel Estates
MLS Listing ID 255045
Sold Date 01/31/23
Style Chalet,Cottage,Craftsman
Bedrooms 4
Full Baths 4
Half Baths 2
HOA Fees $300/mo
HOA Y/N Yes
Abv Grd Liv Area 2,348
Originating Board Great Smoky Mountains Association of REALTORS®
Year Built 2017
Annual Tax Amount $2,793
Tax Year 2022
Property Description
Hilltop Haven is an incredible opportunity to purchase a prime location, well producing short term rental cabin in Gatlinburg! In 2021 the property grossed $165,260.90 (not including cleaning fees, taxes, etc). Equating to a 7.26 Gross Rental Multiplier (GRM) - among the best you'll see in our area. Driving the stellar rental income is its private indoor pool, theater room, and impeccable location in Gatlinburg with the Arts & Crafts Community. The four bedroom, four bath property is well maintained, appointed and decorated. The floor plan lends itself very well to short term rental. The lower level consists of the indoor pool room (with half bath & laundry), theater room, and a bedroom with full bath. On the main level you're welcomed to a large great room area, ample kitchen, half bath, and bedroom with en suite bath. The upstairs features two bedrooms, each with their own private bath along with a large game room/rec room area. The layout enables separating of groups well, while still allowing great common room access for all. The exterior is low maintenance cement board (Hardie Board) siding, saving many thousands of dollars during ownership compared to the regular staining of log cabins or wood sided cabins. Additionally, the covered porch area is much larger than the vast majority of short term rental properties in our area, offering a wonderful outdoor living experience. Being located in the Gatlinburg City Limits, the property has the rare situation of being a short term rental on city water and sewer, so you don't have to worry about well issues or septic failures. The combination of incredible amenities (private indoor pool, theater room, etc) and the extremely convenient location to downtown Gatlinburg makes this property a winner to add to your short term rental portfolio!
Location
State TN
County Sevier
Zoning R-2
Direction From Gatlinburg past the spur turn left onto Dudley Creek Bypass. Go 1.0 mile then turn right to stay on Dudley Creek Rd. Then in 0.5 miles turn left onto East Parkway (321). Travel 1.3 miles and turn left onto Glades Road. In 0.8 miles turn right onto Laurel Lane. Follow the one way road and turn left on to Anastasia Way once you enter the resort. Property is located at 1119 Anastasia (Cabin Name: Hilltop Haven). Lot #9
Rooms
Basement Crawl Space
Interior
Interior Features Ceiling Fan(s), Great Room, High Speed Internet
Heating Central, Electric, Heat Pump
Cooling Central Air, Electric, Heat Pump
Flooring Wood
Fireplaces Number 2
Fireplaces Type Gas Log
Fireplace Yes
Window Features Double Pane Windows,Window Treatments
Appliance Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
Laundry Electric Dryer Hookup, Washer Hookup
Exterior
Parking Features Driveway, Paved
Pool Hot Tub, In Ground, Private
Amenities Available Clubhouse, Pool
Roof Type Composition
Street Surface Paved
Porch Covered, Patio, Porch
Garage No
Building
Sewer Public Sewer
Water Public
Architectural Style Chalet, Cottage, Craftsman
Structure Type Cement Siding,Frame
Others
Security Features Smoke Detector(s)
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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