NOT LISTED FOR SALE

1143 Upper Alpine Way Gatlinburg, TN 37738

Estimated Value: $814,141

0.24 Acre
$3,392,254 Price per Acre
10,454 Sq Ft Lot

Last Sold June 16, 2023

Last sale price $190,000 $78 Per Sq Ft

Est. 328% increase in value since last sale

Current estimated payment $4,550/month

55 Days on Market

Highlights

  • Mountain View
  • Mountainous Lot
  • High Speed Internet
  • Gatlinburg Pittman High School Rated A-
  • No HOA

About This Lot

As of June 2023

This amazing lot situated in the coveted Chalet Village Subdivision offers incredible VIEWS and easy access to all downtown Gatlinburg has to offer. Located less than 3 miles away, you'll have everything you need at your fingertips while still enjoying the peace and serenity of a private retreat. This property is perfect for building your dream home, second home or investment property with utility water and sewer available. This lot is located right NEXT DOOR to the Chalet Village Owners Club and would make an ideal location for a custom built cabin. You can take advantage of all of the amenities that Chalet Village has to offer including hiking trails nearby , swimming pools, tennis courts, and clubhouse access. Don't miss out on this once-in-a-lifetime opportunity! The seller has a set of Gatlinburg city engineer-approved 5 bedroom 4.5 bath home plans that can be negotiated in the purchase.

Last Agent to Sell the Property

Karen Chenaille

eXp Realty, LLC 7720 License #358817 Listed on: 03/31/2023

eXp Realty, LLC 7720

Last Buyer's Agent

Abby Morton

Keller Williams Alcoa

Keller Williams Alcoa

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $246

Lot Details

  • 10,454 Sq Ft Lot
  • Mountainous Lot
  • Cleared Lot
  • Property is zoned R-2

Property Views

  • Mountain Views

Utilities

  • Private Water Source
  • Septic Permit Required
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot /001
  • Assessor Parcel Number 125M C 017.03

Property Details

Property Type

Land

Est. Annual Taxes

$246

Lot Details

0

Listing Details

  • Property Type: Land
  • Zoning: R-2
  • Reso Property Sub Type: Farm
  • ResoLotFeatures: Cleared, Mountainous
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Reso View: Mountain(s)
  • Co List Office Mls Id: 701
  • Subdivision Name: Other
  • Location Tax and Legal Parcel Number2: 125M C 017.03
  • Location Tax and Legal Tax Lot2: /001
  • Location Tax and Legal:Tax Annual Amount: 246.07
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Lot Size Acres: 0.24
  • General Property Information View YN2: Yes
  • Land Features View Mountains: Yes
  • Utilities:Cable Available: Yes
  • General Property Information Lot Size Dimensions: 70X146.96 IRR
  • Utilities Sewer Available: Yes
  • Water Source Private6: Yes
  • Lot Features Mountainous: Yes
  • Utilities:High Speed Internet Available: Yes
  • Septic ApprovedPermit None24: Yes
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 1143
  • Possible Use: Single Family

Exterior Features

  • Acres: 0.24
  • View: Yes
  • Lot Features:Cleared: Yes

Utilities

  • Utilities: Cable Available, High Speed Internet Available, Sewer Available
  • Water Source: Private

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 70X146.96 IRR
  • Lot Size Sq Ft: 10454.4
  • ResoLotSizeUnits: Acres
  • Parcel #: 125M C 017.03
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 246.07
  • Tax Lot: /001

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Jul 9, 2021
Sold by
Marsoobian Peter G and Marsoobian Kellie J
Bought by
Jalagam Chaithanya and Khanna Rohit
Seller's Agent
Deborah Korlin
Century 21 MVP
Buyer's Agent
Karen Chenaille
eXp Realty, LLC 7720
List Price
$170,000
Sold Price
$150,000
Premium/Discount to List
-$20,000
-11.76%
Current Estimated Value
$814,141

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$664,141
Avg. Annual Appreciation
53.04%
Original Mortgage
$650,000
Outstanding Balance
$591,051
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$256,719

Purchase Details

Listed on
Jun 10, 2019
Closed on
Mar 2, 2020
Sold by
Hankins Barbara S
Bought by
Marsoobian Peter G and Marsoobian Kellie J
Seller's Agent
Al Greeson
Century 21 Four Seasons WOD
Buyer's Agent
Greg Korlin
Century 21 MVP
List Price
$79,900
Sold Price
$60,000
Premium/Discount to List
-$19,900
-24.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-52.75%
Original Mortgage
$364,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 20, 2006
Sold by
Jose Delvalle
Bought by
Hankins Barbara S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.33%

Purchase Details

Closed on
Sep 5, 2003
Sold by
D V Property Management In
Bought by
Del Valle Jose

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,800
Interest Rate
6.28%

Purchase Details

Closed on
Mar 28, 2000
Bought by
D V Property Management
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Jalagam Chaithanya $722,500 Admiral Title Inc
Marsoobian Peter G $455,000 Smoky Mountain Title
Hankins Barbara S $400,000 --
Del Valle Jose -- --
D V Property Management $275,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jalagam Chaithanya $650,000
Previous Owner Marsoobian Peter G $364,000
Previous Owner Hankins Barbara S $100,000
Previous Owner D V Property Management $87,258
Previous Owner Grimm Donald R $285,000
Previous Owner Jose Delvalle $253,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2023 09/24/23 Off Market $190,000 -- --
06/16/2023 06/16/23 Sold $190,000 0.0% $78 / Sq Ft
06/07/2023 06/07/23 Pending -- -- --
06/01/2023 06/01/23 Off Market $190,000 -- --
05/11/2023 05/11/23 For Sale $209,000 +10.0% $85 / Sq Ft
05/03/2023 05/03/23 Off Market $190,000 -- --
04/13/2023 04/13/23 For Sale $209,000 +39.3% $85 / Sq Ft
11/23/2021 11/23/21 Off Market $150,000 -- --
08/24/2021 08/24/21 Sold $150,000 -11.8% $61 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
05/24/2021 05/24/21 For Sale $170,000 0.0% $69 / Sq Ft
05/14/2021 05/14/21 Pending -- -- --
03/24/2021 03/24/21 Price Changed $170,000 -15.0% $69 / Sq Ft
02/23/2021 02/23/21 For Sale $199,900 -63.0% $82 / Sq Ft
12/28/2020 12/28/20 Off Market $540,000 -- --
09/28/2020 09/28/20 Sold $540,000 -1.8% $221 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $549,900 +816.5% $225 / Sq Ft
06/17/2020 06/17/20 Off Market $60,000 -- --
06/03/2020 06/03/20 Off Market $455,000 -- --
03/16/2020 03/16/20 Sold $60,000 -86.8% $25 / Sq Ft
03/02/2020 03/02/20 Sold $455,000 -3.0% $186 / Sq Ft
01/25/2020 01/25/20 Price Changed $469,000 +1240.0% $192 / Sq Ft
11/22/2019 11/22/19 Off Market $35,000 -- --
08/01/2019 08/01/19 For Sale $499,900 +525.7% $204 / Sq Ft
06/10/2019 06/10/19 For Sale $79,900 +128.3% $33 / Sq Ft
08/24/2018 08/24/18 Sold $35,000 -41.7% $14 / Sq Ft
08/12/2018 08/12/18 Pending -- -- --
06/29/2018 06/29/18 For Sale $60,000 -75.0% $25 / Sq Ft
07/03/2017 07/03/17 Off Market $240,000 -- --
04/04/2014 04/04/14 Sold $240,000 -14.3% $98 / Sq Ft
02/28/2014 02/28/14 Pending -- -- --
04/24/2013 04/24/13 For Sale $279,900 -- $114 / 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 $2,547 $172,080 $21,000 $151,080
2024 $2,547 $172,080 $21,000 $151,080
2023 $2,547 $172,080 $0 $0
2022 $1,727 $107,550 $13,125 $94,425
2021 $1,727 $107,550 $13,125 $94,425
2020 $1,289 $107,550 $13,125 $94,425
2019 $1,291 $63,950 $13,125 $50,825
2018 $1,291 $63,950 $13,125 $50,825
2017 $1,291 $63,950 $13,125 $50,825
2016 $1,291 $63,950 $13,125 $50,825
2015 -- $65,450 $0 $0
2014 $1,171 $65,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 256527

Great Smoky Mountains Association of REALTORS®

APN: 125M-C-017.06