$475,000

1523 Gillespie Way Gatlinburg, TN 37738

Estimated payment $2,754/month

Total Views 2,175
1 Bed
1.5 Baths
1,384 Sq Ft
$343 Price per Sq Ft

Highlights

  • Pool and Spa
  • Chalet
  • Deck
  • Gatlinburg Pittman High School Rated A-
  • Clubhouse
  • Wooded Lot

About This Home

Money Maker! Welcome to Mountain Bliss! This beautifully renovated chalet is located in the Chalet Village in Gatlinburg! Proven moneymaker. This amazing one-bedroom loft chalet is set up to rent as a 2-bedroom with the spacious loft set up as a game room / cozy sleeping and sitting area to relax and unwind. The loft area also has a half bath too. As you enter the front door you are met with the open living area complete with a stack stone gas fireplace and vaulted ceilings. The living room leads out onto the large open deck and cozy hot tub. The primary bedroom has a beautiful electric fireplace, and wood accent walls that add to its mountain charm. The look and feel of this chalet is everything you came to enjoy in the Smoky Mountains! Located in the Chalet Village you will have access to pools, clubhouses, tennis courts, and playgrounds. So close to the heart of downtown Gatlinburg, and everything you came to enjoy! This property is being sold turnkey and ready to continue to make money. *Drone photography used in some photographs.

Listing Agent

Rick Cochran

Keller Williams Alcoa License #353978 Listed on: 07/25/2025

Keller Williams Alcoa

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,807

Year Built

  • Built in 1993

Lot Details

  • 0.27 Acre Lot
  • Sloped Lot
  • Wooded Lot

HOA Fees

  • $35 Monthly HOA Fees

Home Design

  • Chalet
  • Cabin
  • Frame Construction
  • Composition Roof
  • Block And Beam Construction

Interior Spaces

  • 1,384 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Log Fireplace
  • Electric Fireplace
  • Combination Kitchen and Dining Room
  • Bonus Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Main Level Bedroom
  • Walk-in Shower

Laundry

  • Dryer
  • Washer

Parking

  • No Garage
  • Parking Available
  • Driveway

Outdoor Features

  • Pool and Spa
  • Deck

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tax Lot 24
  • Assessor Parcel Number 136D A 03400 000

Community Details

Overview

  • Chalet Village Owners Club Association, Phone Number (865) 436-4440
  • Tyrolea Subdivision

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,807

Year Built

Built in 1993

Lot Details

0

HOA Fees

$35 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1993
  • Zoning: Residential
  • Current Use: Residential, Single Family
  • Reso Property Sub Type: Cabin
  • NumberUnfurnished: Furnished
  • ResoLotFeatures: Sloped, Wooded
  • ResoPoolFeatures: Hot Tub
  • Road Surface Type: Paved
  • Reso Association Amenities: Clubhouse, Picnic Area, Pool, Tennis Court(s)
  • Co List Office Mls Id: 552
  • Subdivision Name: Tyrolea
  • Above Grade Finished Sq Ft: 1384.0
  • Architectural Style: Chalet
  • Fireplace: Yes
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Property Attached Yn: No
  • Location Tax and Legal New Construction YN: No
  • Location Tax and Legal Parcel Number2: 136D A 03400 000
  • Location Tax and Legal Tax Lot2: 24
  • Location Tax and Legal:Tax Annual Amount: 1806.73
  • Location Tax and Legal Tax Year2: 2024
  • General Property Information Lot Size Acres: 0.27
  • General Property Information Above Grade Finished Area: 1384.0
  • General Property Information:Bathrooms Half: 1
  • General Property Information Bonus Room YN2: Yes
  • General Property Information:Furnished: Furnished
  • General Property Information Construction Type2: Site Built
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Association Amenities Pool2: Yes
  • Cooling:Central Air: Yes
  • Levels:One and One Half: Yes
  • Roof:Composition: Yes
  • Water Source:Public: Yes
  • General Property Information Waterfront YN: No
  • Architectural Style Chalet: Yes
  • General Property Information Lot Size Dimensions: 108.64 X 148.18 IRR
  • Association Amenities Tennis Court(s)4: Yes
  • Utilities Electricity Connected: Yes
  • Utilities Water Connected: Yes
  • Pool Features Hot Tub: Yes
  • General Property Information:Stories Total: 2
  • General Property Information Fireplace YN: Yes
  • General Property Information Property Attached YN: No
  • Interior Features KitchenDining Combo: Yes
  • Interior Features Walk-In Shower(s): Yes
  • Main Room Levels Main Level Bathrooms: 1
  • Main Room Levels Main Level Bedrooms: 1
  • General Property Information Planned Unit Development (PUD): No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Dryer, Electric Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), Kitchen/Dining Combo, Walk-In Shower(s)
  • Street Number Modifier: 1523
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Electric, Gas Log
  • Fireplaces: 2
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Stories: 2
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Basement:None3: Yes
  • Community Features:Clubhouse: Yes
  • Fireplace Features:Electric2: Yes
  • Interior Features:Ceiling Fans: Yes
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Fireplaces Total: 2
  • Community Features:Pool: Yes
  • Community Features:Tennis Court(s): Yes

Exterior Features

  • Roof: Composition
  • Acres: 0.27
  • Waterfront: No
  • Disclosures: Seller Disclosure
  • Construction Type: Block, Frame
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes
  • Lot Features:Sloped: Yes
  • Lot Features:Wooded: Yes
  • Construction Materials:Block: Yes
  • Construction Materials:Frame: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Concrete, Driveway, No Garage
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:No Garage: Yes
  • Parking Features:Concrete2: Yes

Utilities

  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Sewer: Septic Tank
  • Utilities: Electricity Connected, Water Connected
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Pool, Tennis Court(s)
  • Association Fee: 420.0
  • Association Fee Frequency: Annually
  • Association Name: Chalet Village Owners Club
  • Phone: 865-436-4440
  • Association: Yes

Association/Amenities

  • Association Amenities:Clubhouse2: Yes
  • Association Amenities:Picnic Area: Yes

Lot Info

  • Lot Dimensions: 108.64 X 148.18 IRR
  • Lot Size Sq Ft: 11761.2
  • ResoLotSizeUnits: Acres
  • Parcel #: 136D A 03400 000

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 1806.73
  • Tax Lot: 24

Map

Range of Values:

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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 $1,665 $112,520 $18,920 $93,600
2024 $1,665 $112,520 $18,920 $93,600
2023 $1,665 $112,520 $0 $0
2022 $1,129 $70,325 $11,825 $58,500
2021 $1,129 $70,325 $11,825 $58,500
2020 $845 $70,325 $11,825 $58,500
2019 $846 $41,875 $11,825 $30,050
2018 $846 $41,875 $11,825 $30,050
2017 $846 $41,875 $11,825 $30,050
2016 $846 $41,875 $11,825 $30,050
2015 -- $43,200 $0 $0
2014 $773 $43,204 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/25/2025 07/25/25 For Sale $475,000 +3.3% $343 / Sq Ft
08/31/2021 08/31/21 Sold $460,000 0.0% $332 / Sq Ft
08/31/2021 08/31/21 Sold $460,000 +2.2% $332 / Sq Ft
07/12/2021 07/12/21 Pending -- -- --
06/21/2021 06/21/21 For Sale $450,000 +80.0% $325 / Sq Ft
05/28/2020 05/28/20 Off Market $250,000 -- --
02/24/2020 02/24/20 Sold $250,000 0.0% $181 / Sq Ft
02/21/2020 02/21/20 Sold $250,000 +0.4% $181 / Sq Ft
01/21/2020 01/21/20 Price Changed $249,000 -7.4% $180 / Sq Ft
01/17/2020 01/17/20 For Sale $269,000 +85.5% $194 / Sq Ft
05/09/2019 05/09/19 Off Market $145,000 -- --
02/08/2018 02/08/18 Sold $145,000 -12.1% $105 / Sq Ft
12/12/2017 12/12/17 Pending -- -- --
09/20/2017 09/20/17 For Sale $164,900 -- $119 / Sq Ft
Source: Great Smoky Mountains Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $460,000 Smoky Mountain Title
Warranty Deed $250,000 First Priority Title Co Inc
Warranty Deed $145,000 Smoky Mountain Title
Deed $110,000 --
Deed $125,000 --
Warranty Deed $122,500 --
Warranty Deed $23,300 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $250,000 New Conventional
Previous Owner $223,192 New Conventional
Previous Owner $223,560 New Conventional
Previous Owner $116,000 New Conventional
Previous Owner $80,000 Commercial
Previous Owner $81,000 No Value Available
Source: Public Records

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Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 307553

Great Smoky Mountains Association of REALTORS®

APN: 136D-A-034.00