Price Reduction - Views
Address
1120 Tanrac Trl # 0038 Gatlinburg, TN
Price
$ 1,999,999
Property Attributes
  • MLS#245070
  • TypeSingle Family
  • CountySEVIER
  • CityGatlinburg
  • AreaGatlinburg
  • NeighborhoodLimberlost
  • Zip37738
  • StyleCottage,Chalet
  • Year Built1976
  • Taxes$ 2724
  • Price$ 1,999,999
  • Bedrooms10
  • Full Bathrooms12
  • Half Bathrooms1
  • Sqr Footage8500
  • Lot Size3 Acres
Listing Provided Courtesy Of:
All Star Realty
Data Source:
Great Smoky Mountains MLS (GSMMLS) - 337 - TN
Property Description

This property consists of three homes with 5 different overnight rentals. From 1/1/2021-11/22/2021 gross rentals are $320,689.63 with future rentals of $57,250 from 11/23/2021-12/30/2021. The main lodge has very beautiful mountain views. The seller has made several improvements including a hot-tub and ac unit in 2021 at the house has been added. The lodge has 2 water heaters installed in 2021. The cottage has a a/c installed in 2021. The lodge layouts consists of 5 bed/ 6 1/2 baths with 2 dens, 2 kitchens, 2 gas fireplaces, game room with pool table and arcade game and much more. The house on the far left is using as 3 separate rental units but can be used as one if you preferred. So many items to list and the mountain views are breathtaking. The lodge was built in 1976. The cottage and the house were built in 1987. All measurements and information was taken from the county tax records and the buyer should verify. All linens belonging to the cleaning company do not convey. There are 3 septic systems on the property that show a total of 10 bedroom. All buyers must be pre approved or have proof of funds before showing. In the lodge in the foyer the wood carved bear picture and one of the hanging brooms in the den do not convey.

Price History
9/17/2021 Listed $2,590,000
10/23/2021 4% - $2,499,999
11/20/2021 21% - $1,999,999

General Features

Access Paved
Allow Comments 1
Appliances Dryer, Refrigerator, Washer, Electric Range, Microwave, Dishwasher
Area Gatlinburg
City Gatlinburg
Construction Wood Siding
Cooling Central Electric, Electric Heat Pump
County Sevier
Directions From Gatlinburg turn at traffic light #3 onto Hwy 321 East Parkway. Follow and turn left onto Glades Rd. From Glades Rd. turn left onto Powdermill Rd. Turn left on Johns Branch Rd. then turn right ont
District 02
For Sale/rent Sale
Heating Central, Electric Heat Pump
Listing Office 159
Miscellaneous Hot Tub, Mountain View
Occupancy Either
Property Status Active
Property Type Single Family
Restrictive Covenants Yes
Sewer Septic System
Street Name Tanrac Trl
Style Cottage, Chalet
Subdivision/complex Name Limberlost
Tax Year 2019
Virtual Tour tour.usamls.net/1120-Tanrac-Trl-Gatlinburg-TN-37738/unbranded
Water Shared Well
Year Built 1976
Zoning R-1

Interior Features

Fireplace Masonry, Electric
Full Baths 12
Half Baths 1
Interior Features Furniture, Recreation Room, Wood Floors, Cathedral Ceiling(s), Large Master Bedroom, W/D Connection, Ceiling Fan(s), Great Room, Loft, Whirlpool, Window Treatment
Number of Bedrooms 10
SqFt Above Grade 6400
Total Finished Sqft 8500

Exterior Features

Photo Count 39
Construction Type Site Built
Exterior Features Deck, Surfaced Drive, Wooded
Foundation Basement
Garage Capacity 0.00
Lot/block/unit 0038

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 37738

Price
AVG $1.17M
$2M
Taxes
AVG $12,222
$2,724
Visits
AVG 45
16
Year Built
AVG 1986
1976

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