109 Cutter Gap Rd Townsend, TN 37882
Estimated Value: $442,000 - $591,000
Highlights
- Golf Course Community
- Gated Community
- Deck
- Home fronts a creek
- Clubhouse
- Wooded Lot
About This Home
As of May 2024*2 bedroom layout*plus Loft *2 full baths* Looking for a getaway in the Great Smoky Mountains - the #1 visited National Park in the US? Always dreamed of owning a cabin in the woods? Looking for a way to have an income producing property? Check out this Townsend, TN home tucked in the almost 1,400 acre MOUNTAIN & gated community of Laurel Valley. This beautifully decorated and located CABIN is waiting for you to make it your *Primary Residence, Vacation Home, or INCOME PRODUCING Short Term Rental* on the ''Quiet Side of the Smokies.'' Owner updates include: - bathroom remodel including large walk-in shower - addition of hot tub - including necessary plumbing and electrical updates - updating the walk-in crawl space to include full size washer and dryer (this is in addition to the stacked unit within the home) *update allows for more efficient TURNS when preparing for guests* - addition of 2nd hot water heater to supply hot tub There is a small stream at the lower end of the property. Note this is a 2 bedroom layout with a septic rated for 1 bedroom. Note that this property is operating as a Short Term Rental. It is actively listed on VRBO and AirBNB - allowing the owners to benefit from the investment opportunity this community allows. Any and all showings will need to be scheduled around guests. Not wanting to operate a STR - no problem. Turn it into your Primary Residence. Want to explore the world of STR? Keep reading... This is a turn key operation - pending new listing profiles setup by new owners or owner property management company on STR platforms. It is intended to be sold turn-key (all furniture, linens, and appliances). Seller has a rental management company lined up for new owner to interview and transition all existing future bookings to. Management for 90 days with acceptable offer offered through
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,089
Year Built
- Built in 1997
Lot Details
- 0.39 Acre Lot
- Home fronts a creek
- Lot Has A Rolling Slope
- Wooded Lot
HOA Fees
- $92 Monthly HOA Fees
Home Design
- Cottage
- Log Siding
Interior Spaces
- 1,248 Sq Ft Home
- Property has 3 Levels
- 1 Fireplace
- Crawl Space
Kitchen
- Microwave
- Dishwasher
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- Walk-In Closet
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Home Security
- Security Gate
- Fire and Smoke Detector
Outdoor Features
- Deck
Schools
- Townsend Elementary School
- Heritage Middle School
- Heritage High School
Utilities
- Cooling Available
- Central Heating
Listing and Financial Details
- Tax Lot 2
- Assessor Parcel Number 095K B 02400 000
Community Details
Overview
- Association fees include trash
- Fairlight Subdivision
Recreation
- Golf Course Community
- Community Pool
Additional Features
- Clubhouse
- Gated Community
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Our Way Rental Llc | $495,000 | Foothills Title | |
| Campbell Roman D | $318,000 | -- | |
| Patterson Hugh | $15,000 | -- | |
| Roberts Charles R | -- | -- |
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Our Way Rental Llc | $491,870 | |
| Previous Owner | Campbell Roman D | $252,000 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/09/2024 05/09/24 | Sold | $495,000 | -3.9% | $397 / Sq Ft |
| 04/24/2024 04/24/24 | Pending | -- | -- | -- |
| 03/04/2024 03/04/24 | For Sale | $514,900 | -- | $413 / Sq Ft |
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 |
|---|---|---|---|---|
| 2025 | $1,747 | $109,880 | $20,000 | $89,880 |
| 2024 | $1,092 | $68,675 | $12,500 | $56,175 |
| 2023 | $1,092 | $68,675 | $12,500 | $56,175 |
| 2022 | $1,089 | $44,100 | $9,200 | $34,900 |
| 2021 | $1,089 | $44,100 | $9,200 | $34,900 |
| 2020 | $1,089 | $44,100 | $9,200 | $34,900 |
| 2019 | $1,089 | $44,100 | $9,200 | $34,900 |
| 2018 | $1,090 | $44,125 | $9,375 | $34,750 |
| 2017 | $1,090 | $44,125 | $9,375 | $34,750 |
| 2016 | $1,090 | $44,125 | $9,375 | $34,750 |
| 2015 | $949 | $44,125 | $9,375 | $34,750 |
| 2014 | $984 | $44,125 | $9,375 | $34,750 |
| 2013 | $984 | $45,750 | $0 | $0 |
Map
Source: Realtracs
MLS Number: 2873406
APN: 095K-B-024.00
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