NOT LISTED FOR SALE

109 Laurel Way Gatlinburg, TN 37738

Estimated Value: $892,521

2 Beds
2 Baths
1,825 Sq Ft
$489/Sq Ft Est. Value

Last Sold January 29, 2021

Last sale price $530,000 $290 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $4,840/month

9 Days on Market

Highlights

  • Pool and Spa
  • Deck
  • Wood Flooring
  • Gatlinburg Pittman High School Rated A-
  • Wooded Lot
  • Loft

About This Home

As of January 2021

Wonderful 2 bedroom 2 Bathroom cabin in Hemlock Hills, just off highway 441/321 a.k.a. The Spur in Gatlinburg. This cabin features hardwood floors throughout, a large stone electric fireplace, and beautiful granite countertops in the kitchen. The roomy master bedroom is upstairs with a jacuzzi tub and private bathroom. Downstairs you find a an unfinished room, theatre room and access to a level fenced in back yard. There is a large great room and bedroom/bath on the main level. This quint cabin is approximately 5-10 minutes from Downtown Gatlinburg and Downtown Pigeon Forge. A similar cabin nearby is producing around $45k annually as a short term rental. This is a great cabin in an excellent location for a getaway to the Smoky Mountains.

Last Agent to Sell the Property

Jason White

Century 21 Legacy PF Listed on: 12/13/2020

Co-Listed By

Stephanie Huskey

Century 21 Legacy PF

Last Buyer's Agent

Renee Humme

Prime Mountain Properties, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $978

Year Built

  • Built in 2017

Lot Details

  • 0.38 Acre Lot
  • Property fronts an easement
  • Wooded Lot

Home Design

  • Log Cabin
  • Slab Foundation
  • Composition Roof
  • Log Siding
  • Block And Beam Construction

Interior Spaces

  • 2-Story Property
  • Ceiling Fan
  • Electric Fireplace
  • Living Room
  • Dining Room
  • Loft
  • Game Room
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary bedroom located on second floor
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Partially Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Outdoor Features

  • Pool and Spa
  • Deck
  • Rain Gutters

Utilities

  • Cooling Available
  • Heat Pump System
  • Shared Well
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Hemlock Hills Subdivision

Listing and Financial Details

  • Tax Lot 11-C

Home Details

Home Type

Single Family

Est. Annual Taxes

$978

Year Built

Built in 2017

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2017
  • Zoning: R-1
  • CoListOfficeEmail: jason@JasonWhiteteam.com
  • Reso Property Sub Type: Single Family Residence
  • ResoLotFeatures: Wooded
  • ResoPoolFeatures: Hot Tub
  • Road Frontage Type: Easement
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: 829
  • Co List Office Phone: 865-436-2121
  • Co List Office Mls Id: 829
  • Subdivision Name: Hemlock Hills
  • Above Grade Finished Sq Ft: 1400.0
  • Architectural Style: Cabin, Log
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Tax Lot2: 11-C
  • Location Tax and Legal:Tax Annual Amount: 978.36
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Lot Size Acres: 0.38
  • General Property Information Above Grade Finished Area: 1400.0
  • General Property Information Below Grade Finished Area: 425.0
  • General Property Information Below Grade Unfinished Area: 425.0
  • General Property Information Bonus Room YN2: No
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin2: Yes
  • Architectural Style Log2: Yes
  • Flooring Wood: Yes
  • Roof:Composition: Yes
  • Security Features:Smoke Detector(s): Yes
  • Room Types Bedroom 2 Level: 1
  • Room Types Dining Room: Yes
  • Room Types Dining Room Level: 1
  • Room Types Living Room: Yes
  • Room Types Living Room Level: 1
  • Room Types Loft: Yes
  • Room Types Loft Level: 2
  • Room Types Primary Bedroom Level: 2
  • Levels:Two: Yes
  • Utilities:Cable Available: Yes
  • General Property Information Lot Size Dimensions: 111/130/119/155
  • Foundation Details Slab: Yes
  • Pool Features Hot Tub: Yes
  • Water Source Shared Well: Yes
  • Road Frontage Type:Easement: Yes
  • Room Types Game Room: Yes
  • Room Types Game Room Level: B
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement, Exterior Entry, Partially Finished, Walk-Out Access
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), High Speed Internet
  • Street Number Modifier: 109
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 425.0
  • Fireplace Features: Electric
  • Fireplaces: 1
  • Total Bedrooms: 14
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Fireplace Features:Electric2: Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement:Basement2: Yes
  • Basement:Walk-Out Access: Yes
  • Appliances:Range Hood: Yes
  • Basement:Exterior Entry: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Basement:Partially Finished: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Acres: 0.38
  • Home Warranty: No
  • Construction Type: Block, Log, Log Siding
  • Foundation Details: Slab
  • Patio And Porch Features: Deck
  • Construction Materials:Log: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Deck2: Yes
  • Construction Materials:Log Siding: Yes
  • Lot Features:Wooded: Yes
  • Construction Materials:Block: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Electric, Heat Pump
  • Heating: Electric, Heat Pump
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Shared Well
  • HeatingCooling:Electric: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 111/130/119/155
  • Lot Size Sq Ft: 16552.8
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 978.36
  • Tax Lot: 11-C

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2020
Closed on
Jan 29, 2021
Sold by
Greaves Kevin L and Greaves Linda
Bought by
Peterson Luke and Peterson Stephanie
Seller's Agent
Jason White
Century 21 Legacy PF
Buyer's Agent
Renee Humme
Prime Mountain Properties, LLC
List Price
$550,000
Sold Price
$530,000
Premium/Discount to List
-$20,000
-3.64%
Current Estimated Value
$892,521

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$362,521
Avg. Annual Appreciation
11.78%
Original Mortgage
$477,000
Outstanding Balance
$426,403
Interest Rate
2.67%
Mortgage Type
New Conventional
Estimated Equity
$466,118

Purchase Details

Listed on
Aug 31, 2017
Closed on
Oct 6, 2017
Sold by
Derosia Phillip and Derosia Kimberly
Bought by
Greaves Kevin L and Greaves Linda
Seller's Agent
Darlene Derosia
Smoky Mountain Real Estate Cor
Buyer's Agent
Jason White
Century 21 Four Seasons WOD
List Price
$259,900
Sold Price
$259,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.94%
Original Mortgage
$246,905
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 5, 2013
Sold by
Griffin Darrell W
Bought by
Derosia Phillip and Derosia Kimberly

Purchase Details

Closed on
Apr 5, 2001
Sold by
Cjs Abc Properties
Bought by
Griffin Darrell W

Purchase Details

Closed on
Apr 16, 1991
Bought by
Cjs/Abc Prop % Alliene Chambers
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Peterson Luke $530,000 Professional Title
Greaves Kevin L $259,900 Smoky Mountain Title
Derosia Phillip $20,000 --
Griffin Darrell W $16,000 --
Cjs/Abc Prop % Alliene Chambers -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Peterson Luke $477,000
Previous Owner Greaves Kevin L $246,905
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/29/2021 04/29/21 Off Market $530,000 -- --
03/22/2021 03/22/21 Off Market $530,000 -- --
01/29/2021 01/29/21 Sold $530,000 -3.6% $290 / Sq Ft
12/13/2020 12/13/20 For Sale $550,000 +111.6% $301 / Sq Ft
01/04/2019 01/04/19 Off Market $259,900 -- --
10/06/2017 10/06/17 Sold $259,900 0.0% $142 / Sq Ft View Prior Sale
09/04/2017 09/04/17 Pending -- -- --
08/31/2017 08/31/17 For Sale $259,900 -- $142 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

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
2025 $1,463 $158,120 $14,000 $144,120
2024 $1,463 $98,825 $8,750 $90,075
2023 $1,463 $98,825 $0 $0
2022 $1,463 $98,825 $8,750 $90,075
2021 $1,463 $98,825 $8,750 $90,075
2020 $978 $98,825 $8,750 $90,075
2019 $978 $52,600 $8,750 $43,850
2018 $978 $52,600 $8,750 $43,850
2017 $564 $52,600 $8,750 $43,850
2016 $116 $6,250 $6,250 $0
2015 -- $7,025 $0 $0
2014 $115 $7,031 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 231549

Great Smoky Mountains Association of REALTORS®

APN: 116C-C-038.00