Seller's Agent in 2025
Mary Beth Whitaker
MG Rise Real Estate Group
(865) 705-6012
48 in this area
176 Total Sales
1008 Glades Rd Gatlinburg, TN 37738
4
Beds
2.5
Baths
2,990
Sq Ft
1.58
Acres
Highlights
- View of Trees or Woods
- 1.58 Acre Lot
- Traditional Architecture
- Gatlinburg Pittman High School Rated A-
- Wooded Lot
- 2 Fireplaces
About This Home
As of June 2023INVESTORS!! PRIME OPPORTUNITY ON THIS 4BR/2.5BA TO FIX AND FLIP OR CONVERT INTO A HIGH-INCOME PRODUCING LUXURY CABIN FOR OVERNIGHT RENTAL! SITTING ON 1.58 ACRES IN THE CITY LIMITS OF GATLINBURG, TN! Currently on well/septic, but water and sewer is available to give potential of increasing bedroom count and size for remodel into a modern-rustic cabin which is in high demand! The 'in the mountain feel', unbeatable location, and privacy make this property one of a kind! This natural stone lodge is surrounded by beautiful land and a long paved driveway to enjoy the serene and peaceful setting. This would make a one of a kind overnight rental for large gatherings and once renovated could be an income producer since it already has a large area outside for a firepit and outdoor area., The interior of the home features a spacious living room with woodburning fireplace, Master Suite on the main level with private bathroom with walk in tiled shower that has already been updated previously, oversized kitchen area, and two additional bedrooms on the main level. Huge finished lower level (basement) previously used as an in law quarters with it own kitchen area , bathroom, bedroom, and great room perfect to make into a game room, with its own entrance, etc. There was a wood burning stove on lower level but it has been removed but potential to convert into a gas or electric fireplace Possibility to convert into a pool cabin by converting the attached garage into an indoor pool! Located right in the desirable arts and crafts area of Gatlinburg, TN and only minutes to shopping, dining, attractions, and close to Downtown Gatlinburg and the Great Smoky Mountains National Park entrance, etc. As you walk the land you will feel like you are in an enchanted forest with a private a serene setting taking in the beauty of being in the mountains with privacy, but yet so close to the action the area has to offer. Easily accessible location. Drone picture not indicative of view. Property is being sold AS IS. Home sold as it sits. Must see!
Last Agent to Sell the Property
Tennessee Elite Realty License #296337 Listed on: 04/19/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $617
Year Built
- Built in 1964
Lot Details
- 1.58 Acre Lot
- Level Lot
- Wooded Lot
Parking
- 2 Car Attached Garage
Property Views
- Woods
- Mountain
- Forest
- Seasonal
Home Design
- Traditional Architecture
- Cabin
- Brick Exterior Construction
- Frame Construction
- Stone Siding
- Masonry
Interior Spaces
- 2,990 Sq Ft Home
- Wired For Data
- Ceiling Fan
- 2 Fireplaces
- Wood Burning Fireplace
- Combination Kitchen and Dining Room
- Finished Basement
- Walk-Out Basement
- Eat-In Kitchen
- Washer and Dryer Hookup
Flooring
- Carpet
- Laminate
Bedrooms and Bathrooms
- 4 Bedrooms
Outdoor Features
- Patio
Schools
- Pittman Center Elementary School
- Pigeon Forge Middle School
- Gatlinburg Pittman High School
Utilities
- Zoned Heating and Cooling System
- Heat Pump System
- Well
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 108 029.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 19, 2023
Closed on
Jun 14, 2023
Sold by
Margprop Of Tn 3 Llc
Bought by
Nhr Management Llc
Seller's Agent
Charity Brown
Tennessee Elite Realty
Buyer's Agent
Mary Beth Whitaker
RECIPROCAL OFFICE
List Price
$599,900
Sold Price
$475,000
Premium/Discount to List
-$124,900
-20.82%
Views
126
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.07%
Original Mortgage
$566,950
Outstanding Balance
$554,764
Interest Rate
6.39%
Mortgage Type
Construction
Estimated Equity
$82,236
Purchase Details
Closed on
Aug 31, 2022
Sold by
Goutam and Gayathri
Bought by
Margprop Of Tn 3 Llc
Purchase Details
Listed on
Mar 25, 2021
Closed on
Jun 24, 2022
Sold by
Houston Duncan Russell
Bought by
Goutam Ravi and Goutam Gayathri
Seller's Agent
Charity Brown
Tennessee Elite Realty
Buyer's Agent
Charity Brown
Tennessee Elite Realty
List Price
$1,149,000
Sold Price
$850,000
Premium/Discount to List
-$299,000
-26.02%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.00%
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $475,000 | Smoky Mountain Title | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $850,000 | Smoky Mountain Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $566,950 | Construction |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | Price Changed | $1,150,000 | -8.0% | $292 / Sq Ft |
| 05/10/2025 05/10/25 | For Sale | $1,250,000 | +163.2% | $318 / Sq Ft |
| 06/14/2023 06/14/23 | Sold | $475,000 | -10.4% | $159 / Sq Ft |
| 05/11/2023 05/11/23 | Pending | -- | -- | -- |
| 05/06/2023 05/06/23 | Price Changed | $529,900 | -3.6% | $177 / Sq Ft |
| 04/25/2023 04/25/23 | Price Changed | $549,900 | -8.3% | $184 / Sq Ft |
| 04/19/2023 04/19/23 | For Sale | $599,900 | -29.4% | $201 / Sq Ft |
| 06/24/2022 06/24/22 | Sold | $850,000 | -26.0% | $506 / Sq Ft |
| 02/16/2022 02/16/22 | For Sale | $1,149,000 | -- | $684 / Sq Ft |
Source: East Tennessee REALTORS® MLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $737 | $18,400 | $18,400 | -- |
| 2023 | $737 | $18,400 | $0 | $0 |
| 2022 | $617 | $38,425 | $7,200 | $31,225 |
| 2021 | $617 | $38,425 | $7,200 | $31,225 |
| 2020 | $634 | $38,425 | $7,200 | $31,225 |
| 2019 | $635 | $31,425 | $7,100 | $24,325 |
| 2018 | $635 | $31,425 | $7,100 | $24,325 |
| 2017 | $635 | $31,425 | $7,100 | $24,325 |
| 2016 | $635 | $31,425 | $7,100 | $24,325 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | $638 | $35,644 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Mary Beth Whitaker
-
Charity Brown
Seller's Agent in 2023
Charity Brown
Tennessee Elite Realty
(865) 659-0254
39 in this area
324 Total Sales
Map
Source: East Tennessee REALTORS® MLS
MLS Number: 1224274
APN: 108-029.00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.
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