1120 Tanrac Trail Gatlinburg, TN 37738
10
Beds
12.5
Baths
8,500
Sq Ft
3
Acres
Highlights
- Pool and Spa
- 3 Acre Lot
- Chalet
- Gatlinburg Pittman High School Rated A-
- Mountain View
- Deck
About This Home
As of February 2022This property consists of three homes with 5 different overnight rentals. From 1/1/2021-11/22/2021 gross rentals are $320,689.63 with future rentals of $57,250 from 11/23/2021-12/30/2021. The main lodge has very beautiful mountain views. The seller has made several improvements including a hot-tub and ac unit in 2021 at the house has been added. The lodge has 2 water heaters installed in 2021. The cottage has a a/c installed in 2021. The lodge layouts consists of 5 bed/ 6 1/2 baths with 2 dens, 2 kitchens, 2 gas fireplaces, game room with pool table and arcade game and much more. The house on the far left is using as 3 separate rental units but can be used as one if you preferred. So many items to list and the mountain views are breathtaking. The lodge was built in 1976. The cottage and the house were built in 1987. All measurements and information was taken from the county tax records and the buyer should verify. All linens belonging to the cleaning company do not convey. There are 3 septic systems on the property that show a total of 10 bedroom. All buyers must be pre approved or have proof of funds before showing. In the lodge in the foyer the wood carved bear picture and one of the hanging brooms in the den do not convey.
Last Buyer's Agent
SHAWN SOMERFIELD
Mountain Realty Group License #318260
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,724
Year Built
- Built in 1976
Lot Details
- 3 Acre Lot
- Wooded Lot
Home Design
- Chalet
- Cottage
- Wood Siding
Interior Spaces
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Fireplace Features Masonry
- Electric Fireplace
- Window Treatments
- Great Room
- Bonus Room
- Wood Flooring
- Mountain Views
- Basement
Kitchen
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 10 Bedrooms
- Soaking Tub
Laundry
- Dryer
- Washer
Parking
- Driveway
- Paved Parking
Outdoor Features
- Pool and Spa
- Deck
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Shared Well
- Septic Tank
Community Details
- No Home Owners Association
- Limberlost Subdivision
Listing and Financial Details
- Tax Lot 0038
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 16, 2021
Closed on
Feb 18, 2022
Sold by
Bezrat Hashem Llc
Bought by
Kmcm Holdings Llc
Seller's Agent
Jackie Myers
All Star Realty
Buyer's Agent
SHAWN SOMERFIELD
Mountain Realty Group
List Price
$1,999,999
Sold Price
$1,750,000
Premium/Discount to List
-$249,999
-12.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.86%
Purchase Details
Closed on
Jun 24, 2020
Sold by
Contois Laurie A
Bought by
Bezrat Hashem Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
3.2%
Mortgage Type
Seller Take Back
Purchase Details
Closed on
Dec 7, 2000
Sold by
Colonel'S Lady Inn Inc
Bought by
Contois Laurie A
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$305,000
Interest Rate
7.81%
Purchase Details
Closed on
Mar 29, 1999
Bought by
Colonel'S Lady Inn Inc
Purchase Details
Closed on
May 6, 1993
Bought by
Cate William and Cate Anita
Purchase Details
Closed on
Apr 7, 1989
Bought by
Mellor John and Lee West
Similar Homes in Gatlinburg, TN
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $1,750,000 | Tennessee Land Title | |
| Warranty Deed | $1,000,000 | Accurate Title Services Inc | |
| Deed | $305,000 | -- | |
| Warranty Deed | $1,200,000 | -- | |
| Warranty Deed | $800,000 | -- | |
| Warranty Deed | $250,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $900,000 | Seller Take Back | |
| Previous Owner | $350,000 | No Value Available | |
| Previous Owner | $305,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/20/2025 05/20/25 | Price Changed | $2,649,000 | -1.8% | $304 / Sq Ft |
| 05/02/2025 05/02/25 | Price Changed | $2,698,000 | 0.0% | $310 / Sq Ft |
| 04/25/2025 04/25/25 | Price Changed | $2,698,500 | 0.0% | $310 / Sq Ft |
| 04/23/2025 04/23/25 | Price Changed | $2,699,000 | 0.0% | $310 / Sq Ft |
| 04/12/2025 04/12/25 | Price Changed | $2,699,500 | 0.0% | $310 / Sq Ft |
| 04/04/2025 04/04/25 | For Sale | $2,700,000 | +54.3% | $310 / Sq Ft |
| 05/26/2022 05/26/22 | Off Market | $1,750,000 | -- | -- |
| 02/24/2022 02/24/22 | Sold | $1,750,000 | -12.5% | $206 / Sq Ft |
| 12/11/2021 12/11/21 | Pending | -- | -- | -- |
| 12/09/2021 12/09/21 | For Sale | $1,999,999 | 0.0% | $235 / Sq Ft |
| 11/30/2021 11/30/21 | Pending | -- | -- | -- |
| 11/20/2021 11/20/21 | Price Changed | $1,999,999 | -20.0% | $235 / Sq Ft |
| 10/23/2021 10/23/21 | Price Changed | $2,499,999 | -3.5% | $294 / Sq Ft |
| 09/16/2021 09/16/21 | For Sale | $2,590,000 | -- | $305 / Sq Ft |
Source: Great Smoky Mountains Association of REALTORS®
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 | $6,355 | $429,360 | $36,000 | $393,360 |
| 2024 | $6,355 | $429,360 | $36,000 | $393,360 |
| 2023 | $6,355 | $429,360 | $0 | $0 |
| 2022 | $3,972 | $268,350 | $22,500 | $245,850 |
| 2021 | $3,972 | $268,350 | $22,500 | $245,850 |
| 2020 | $2,724 | $268,350 | $22,500 | $245,850 |
| 2019 | $2,724 | $146,475 | $22,500 | $123,975 |
| 2018 | $2,724 | $146,475 | $22,500 | $123,975 |
| 2017 | $2,724 | $146,475 | $22,500 | $123,975 |
| 2016 | $2,724 | $146,475 | $22,500 | $123,975 |
| 2015 | -- | $154,300 | $0 | $0 |
| 2014 | $2,515 | $154,311 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Tabitha Tuft
Seller's Agent in 2025
Tabitha Tuft
MG Rise Real Estate Group
(865) 314-4304
7 in this area
38 Total Sales
-
John Gilliam
J
Seller Co-Listing Agent in 2025
John Gilliam
MG Rise Real Estate Group
(800) 705-6346
-
Jackie Myers
Seller's Agent in 2022
Jackie Myers
All Star Realty
(865) 654-6077
28 in this area
141 Total Sales
-
S
Buyer's Agent in 2022
SHAWN SOMERFIELD
Mountain Realty Group
Map
Source: Great Smoky Mountains Association of REALTORS®
MLS Number: 245070
APN: 117B-C-004.00
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