NOT LISTED FOR SALE

109 Cutter Gap Rd Townsend, TN 37882

Estimated Value: $429,000 - $576,000

1 Bed
2 Baths
1,248 Sq Ft
$398/Sq Ft Est. Value

Sale Details

Date Sold: May 9, 2024

Last sale price $495,000 $397 Per Sq Ft

Current estimated payment $2,921 / mo

51 Days on Market

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

  • 16,988 Sq Ft 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

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,089

Year Built

Built in 1997

Lot Details

0.39 Acres

HOA Fees

$92 per month

Listing Details

  • Prop. Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 1997
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 2
  • Year Built Details: EXIST
  • ResoPropertyType: Residential
  • ResoBuildingAreaSource: Assessor
  • Special Features: None
  • Stories: 2

Interior Features

  • Interior Amenities: Primary Bedroom Main Floor
  • Appliances: Dishwasher, Dryer, Microwave, Refrigerator, Washer
  • Fireplace: Yes
  • Fireplaces: 1
  • Flooring: Wood, Laminate, Tile
  • Total Bedrooms: 1
  • Full Bathrooms: 2
  • Has Basement: Crawl Space
  • Building Area Units: Square Feet
  • Living Area: 1248
  • Living Area Units: Square Feet
  • ResoLivingAreaSource: Assessor

Exterior Features

  • Construction Type: Log, Other
  • Patio And Porch Features: Deck
  • Pool Private: No
  • View: No
  • Waterfront Features: Creek
  • Waterfront: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Cooling: Other
  • Cooling Y N: Yes
  • Heating: Central, Electric, Other
  • Heating Yn: Yes
  • Laundry Features: Washer Hookup, Electric Dryer Hookup
  • Security: Security Gate, Smoke Detector(s)

Condo/Co-op/Association

  • HOA Fee Includes: Trash
  • Association Fee: 1100
  • Association Fee Frequency: Annually
  • Amenities: Clubhouse, Golf Course, Pool, Gated
  • Association: Yes
  • Senior Community: No
  • ResoAssociationFeeFrequency: Annually

Lot Info

  • Lot Features: Other, Wooded, Rolling Slope
  • Lot Size Acres: 0.39
  • Lot Size: 100*185*102*155
  • Lot Size Units: Acres
  • Parcel #: 095K B 02400 000
  • Property Attached Yn: No
  • ResoLotSizeUnits: Acres

Multi Family

  • Above Grade Finished Area Units: Square Feet

Tax Info

  • Tax Annual Amount: 1089
  • Tax Lot: 2

MLS Schools

  • Elementary School: Townsend Elementary
  • High School: Heritage High School
  • Middle Or Junior School: Heritage Middle School

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2024
Closed on
May 9, 2024
Sold by
Bought by
List Price
$514,900
Sold Price
$495,000
Premium/Discount to List
-$19,900
-3.86%
Views
225
Current Estimated Value
$496,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,693
Avg. Annual Appreciation
0.16%
Original Mortgage
$491,870
Interest Rate
0.0679%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
0.031%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 20, 1996
Sold by
Bought by

Purchase Details

Closed on
Jan 16, 1974
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$495,000 Foothills Title
$318,000 --
$15,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $491,870
Closed $252,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Realtracs

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
Source: Public Records

Map

Source: Realtracs

MLS Number: 2873406

Realtracs

APN: 095K-B-024.00

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