$615,000

123 Cutter Gap Rd Townsend, TN 37882

Estimated payment $3,509/month

Total Views 22,743
2 Beds
2 Baths
1,520 Sq Ft
$405 Price per Sq Ft

Highlights

  • Mountain View
  • Wooded Lot
  • Main Floor Primary Bedroom
  • Recreation Room
  • Traditional Architecture
  • Whirlpool Bathtub

About This Home

Welcome to your perfect mountain getaway in the heart of Townsend, also known as the ''Peaceful Side of the Smokies.'' This beautifully renovated property offers the ideal blend of personal retreat and short-term rental investment. Originally purchased as a second home, the current owner completed a full renovation with no detail overlooked, incorporating high-end finishes and thoughtful design throughout the property. The result is a warm, inviting space that feels both elevated and comfortable. One of the standout features of the home is the stunning exposed brick fireplaces on both the upper and lower levels, adding timeless character and cozy ambiance year-round. The smart two-level layout includes a bedroom and full bathroom on each floor, offering excellent separation and privacy for guests or rental groups. With the addition of sleeper sofas, the home comfortably accommodates up to eight guests, making it a fantastic option for family vacations, friend groups, or rental income potential. The property is being sold fully furnished, with only a few personal décor items excluded, allowing for a seamless and truly turnkey experience. Whether you plan to enjoy it as your own mountain escape or begin generating rental income right away, everything is already in place. Located in one of the few areas of Townsend that allows short-term rentals, the location is exceptional. You're just minutes from scenic hiking trails, the Little River, local restaurants and shops, and easy access to the Great Smoky Mountains National Park. If you've been searching for a charming Smoky Mountain retreat with strong STR potential in a peaceful setting, this property offers the perfect combination of location, quality, and investment opportunity.

Listing Agent

Courtney Mcghee

Keller Williams License #358219 Listed on: 03/16/2026

Keller Williams

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,255

Year Built

  • Built in 1973

Lot Details

  • 16,553 Sq Ft Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

HOA Fees

  • $92 Monthly HOA Fees

Property Views

  • Mountain
  • Forest

Home Design

  • Traditional Architecture
  • Cabin
  • Brick Exterior Construction
  • Frame Construction
  • Wood Siding
  • Rough-In Plumbing

Interior Spaces

  • 1,520 Sq Ft Home
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Brick Fireplace
  • Combination Dining and Living Room
  • Recreation Room
  • Storage
  • Tile Flooring
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Whirlpool Bathtub
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Townsend Elementary School
  • Heritage Middle School
  • Heritage High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Internet Available

Community Details

  • Fairlight Subdivision
  • Mandatory home owners association

Listing and Financial Details

  • Assessor Parcel Number 095K B 02200 000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,255

Year Built

Built in 1973

Lot Details

0.38 Acres

HOA Fees

$92 per month

Listing Details

  • Directions: From Hwy 321 in Townsend, turn onto Old Tuckaleechee Pike to right onto Laurel Rd. Follow Laurel Road into Laurel Valley Community through stone entrance until turning right onto Cutter Gap Road. House is third in the left
  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Year Built: 1973
  • Lot Size Acres: 0.38
  • Subdivision Name: Fairlight
  • Architectural Style: Traditional, Cabin
  • Property Attached Yn: Yes
  • Contract Info:List PriceSqFt2: 404.61
  • General Property Description:SqFt - Main Lvl: 760.0
  • General Property Description:SqFt - Down Lvl: 760.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Washer, Dryer
  • Basement YN: Yes
  • Has Basement: Finished, Walk-Out Access, Plumbed
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Brick, Wood Burning
  • Fireplaces: 2
  • Flooring: Tile
  • Interior Amenities: Pantry

Exterior Features

  • Exterior Features: Balcony
  • View: Mountain View, Wooded
  • Lot Features: Wooded, Rolling Slope
  • Construction Type: Frame, Brick, Wood Siding
  • Patio And Porch Features: Porch - Covered, Patio

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Assigned

Utilities

  • Cooling: Central Air
  • Sewer: Septic Tank
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association Fee: 1100.0
  • Association Fee Frequency: Yearly
  • Association: Yes

Schools

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

Lot Info

  • Parcel #: 095K B 02200 000

Tax Info

  • Tax Annual Amount: 1255.31

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $1,255 $78,950 $11,250 $67,700
2024 $1,255 $78,950 $11,250 $67,700
2023 $1,255 $78,950 $11,250 $67,700
2022 $1,042 $42,200 $9,200 $33,000
2021 $1,042 $42,200 $9,200 $33,000
2020 $1,042 $42,200 $9,200 $33,000
2019 $1,042 $42,200 $9,200 $33,000
2018 $930 $37,650 $9,375 $28,275
2017 $930 $37,650 $9,375 $28,275
2016 $930 $37,650 $9,375 $28,275
2015 $809 $37,650 $9,375 $28,275
2014 $870 $37,650 $9,375 $28,275
2013 $870 $40,450 $0 $0
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/16/2026 03/16/26 For Sale $615,000 +167.7% $405 / Sq Ft
10/08/2020 10/08/20 Sold $229,750 -- $146 / Sq Ft View Prior Sale
Source: East Tennessee REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $229,750 --
Deed -- --
Source: Public Records

Source: East Tennessee REALTORS® MLS

MLS Number: 1332901

East Tennessee REALTORS® MLS

APN: 095K-B-022.00

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