$850,000
SOLD JUN 24, 2022

1008 Glades Rd Gatlinburg, TN 37738

14 Acres
$61,594 Price per Acre
601,128 Sq Ft Lot

Recently Sold

$506 Per Sq Ft

26% Below List Price

Highlights

  • 13.8 Acre Lot
  • Mountain View
  • Wooded Lot
  • Gatlinburg Pittman High School Rated A-
  • Lake, Pond or Stream
  • Lot Has A Rolling Slope

About This Lot

As of June 2023

DEVELOPERS AND INVESTORS!! WHAT AN UNBELIEVABLE AND PRIME PROPERTY SITTING ON 13.80 ACRES IN GATLINBURG, TN! This chalet is surrounded by beautiful land mostly wooded with mountain views on the ridge and borders the Smoky Mountains National Park on the left side and back of the property. You will not find another piece of property like this available with multiple uses and potentially suitable for an overnight rental cabin development with multiple building sites, private estate development, etc. The property has 279' frontage on Glades Rd. and has utility water available now and sewer will be available soon. You will also see a beautiful pond with a natural spring that runs into it that sits to the right of the long paved driveway that leads to the chalet, and a bubbling creek that border You will also see a beautiful pond with a natural spring that runs into it that sits to the right of the long paved driveway that leads to the chalet, and a bubbling creek that borders the right side of the property as well. There are roughed in dirt roads throughout the property, a level area that would be great to add amenities to the property, etc. The land lays so nice and is walkable with paths , and appears to accommodate many building sites to maximize the space you have! The ridge that backs up to the national park does have seasonal mountain views and should have year round mountain views with some clearing. The current home on the property is such a unique property with a lot of history and the exterior has stone all around it for a natural look. The home has had some updates, but could be transformed into 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 to enjoy a warm and cozy fire, entertain, etc. 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, oversized kitchen, and two additional bedrooms on the main level. Huge finished lower level (basement) currently used as an in law quarters with it own kitchen, bathroom, bedroom, and great room perfect to make into a game room, its own entrance, etc. 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. Overnight rentals are allowed, which would open so many possibilities. Property is currently zoned R-1, and in the city of Gatlinburg a Planned unit development may be permitted but Buyer will need to verify with the planning department and obtain any approvals needed, submit site plans, engineering, etc. Easily accessible location. Drone picture not indicative of view. *The City of Gatlinburg zoning ordinance is in documents. First time ever listed, RARE opportunity to own 13.80 acres w/ VIEWS, PRIVACY, LOCATION, INVESTMENT .... the opportunities are endless. This can become your private mountain oasis in a park-like setting, OR you can make this an incredible investment. Must see! Make sure you see the video that takes you on your own tour of the property is incredible!! NEW SURVEY AND PRELIMINARY FEASIBILITY STUDY JUST COMPLETED!

Last Agent to Sell the Property

Charity Brown

Tennessee Elite Realty License #296337 Listed on: 03/25/2021

Last Buyer's Agent

Charity Brown

Tennessee Elite Realty License #296337 Listed on: 03/25/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $737

Lot Details

  • 13.8 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot
  • Finished Lot(s)
  • Zoning described as Zoned Residential

Property Views

  • Mountain
  • Seasonal

Outdoor Features

  • Lake, Pond or Stream

Listing and Financial Details

  • Assessor Parcel Number 108 029.00

Property Details

Property Type

Land

Est. Annual Taxes

$737

Lot Details

0

Listing Details

  • Directions: Take Dolly Parton Pkwy to a Right onto Old Newport Hwy. Keep straight and continue onto Birds Creek Rd. Turn Right onto Glades Rd. property in .6 miles
  • Prop. Type: Lots & Acreage
  • Lot Size Acres: 13.8
  • Lot Size: 0
  • Subdivision Name: N/A
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountain View, Seasonal Mountain
  • Lot Features: Pond, Rolling, Wooded
  • Topography: {"Partially Cleared":true}

Lot Info

  • Lot Size Sq Ft: 601128.0
  • Parcel #: 108 029.00
  • Zoning Description: Zoned Residential
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 50.03

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%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

Source: Public Records

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

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1147060

East Tennessee REALTORS® MLS

APN: 108-029.00