NOT LISTED FOR SALE

267 Loop Rd Gatlinburg, TN 37738

Estimated Value: $371,000

2.9 Acres
$127,931 Price per Acre
126,324 Sq Ft Lot

Last Sold December 17, 2019

Last sale price $155,000

Est. 139% increase in value since last sale

Current estimated payment $1,992/month

5 Days on Market

Highlights

  • 2.9 Acre Lot
  • Wooded Lot
  • High Speed Internet
  • Gatlinburg Pittman High School Rated A-
  • No HOA
  • Level Lot

About This Lot

As of December 2019

267 Loop Road is a 2.9 acre lot that was the legacy home site of Elua Ogle. The prior home was on the lowest point of the tract and had water and sewer with an old paved drive leading off Loop Road. The future this tract holds is an open book. With over 700 feet of road frontage plus sewer and utility water running conveniently along the boundary; 267 Loop has potential to be subdivided in up to 5 lots. The Seller created a subdivision map and submitted plans to do so. There is also road frontage along Joy Street on the properties upper end. Near the junction of Hilltop Road and Loop Road is a level bush hogged drive leading to a turn around serving as the hub for subdivision plans. it is suggested to park here to tour the middle section of the tract. An estate house could be placed near the turn around/drive terminus if the tract is to be utilized as a single residence. The zoning is R-1, allowing for overnight rentals. It is surprising to find such a level 2.9 acres in Gatlinburg with utilities. The elevation is just above the 1,500 foot contour and being on a city maintained street eliminates winter access concerns. May the future of 267 Loop Road become as storied as its past. Please visit today.

Last Agent to Sell the Property

Jason White

Century 21 Legacy PF Listed on: 10/30/2019

Co-Listed By

Keith Garnes

Century 21 Four Seasons WOD

Last Buyer's Agent

Bryan Kendrick

United Real Estate Solutions License #293075

United Real Estate Solutions

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $631

Lot Details

  • 2.9 Acre Lot
  • Level Lot
  • Wooded Lot

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$631

Lot Details

0

Listing Details

  • Property Type: Land
  • Zoning: R-1
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Level, Wooded
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Co List Office Phone: 865-436-2121
  • Subdivision Name: Other
  • Location Tax and Legal Tax Lot2: 0
  • Location Tax and Legal:Tax Annual Amount: 631.0
  • Location Tax and Legal Tax Year2: 2018
  • General Property Information Lot Size Acres: 2.9
  • Water Source:Public: Yes
  • Utilities:Cable Available: Yes
  • General Property Information Lot Size Dimensions: 704.5/345.6/919.6/205.1
  • Utilities Sewer Available: Yes
  • Utilities:High Speed Internet Available: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 267
  • Possible Use: Recreational, Residential, Single Family, Subdevelopment

Exterior Features

  • Acres: 2.9
  • Lot Features:Level: Yes
  • Lot Features:Wooded: Yes

Utilities

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

Condo/Co-op/Association

  • Association Name: N/A
  • Association: No

Lot Info

  • Lot Dimensions: 704.5/345.6/919.6/205.1
  • Lot Size Sq Ft: 126324.0
  • ResoLotSizeUnits: Acres
  • Wooded Area: 2.9
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2018
  • Tax Annual Amount: 631.0
  • Tax Lot: 0

Multi Family

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 9, 2022
Sold by
Southern Scapes Home Design Llc
Bought by
Loop Road Llc
Current Estimated Value
$371,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Outstanding Balance
$1,234,557
Interest Rate
7.08%
Mortgage Type
Construction

Purchase Details

Listed on
Oct 30, 2019
Closed on
Dec 12, 2019
Sold by
Ogle Eula
Bought by
Southern Scapes Home Design Llc
Seller's Agent
Jason White
Century 21 Legacy PF
Buyer's Agent
Bryan Kendrick
United Real Estate Solutions
List Price
$159,000
Sold Price
$155,000
Premium/Discount to List
-$4,000
-2.52%

Purchase Details

Closed on
Mar 31, 2017
Sold by
Fine James
Bought by
Turnbull Turnbull I and Turnbull Connie L
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
Loop Road Llc -- --
Southern Scapes Home Design Llc $155,000 Tennessee Land Title
Turnbull Turnbull I $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loop Road Llc $2,500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2021 01/27/21 Off Market $155,000 -- --
12/17/2019 12/17/19 Sold $155,000 -2.5% --
10/30/2019 10/30/19 For Sale $159,000 -- --
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 $555 $1,626,400 $60,000 $1,566,400
2024 $555 $37,500 $37,500 --
2023 $555 $37,500 $0 $0
2022 $602 $37,500 $37,500 $0
2021 $602 $37,500 $37,500 $0
2020 $630 $37,500 $37,500 $0
2019 $631 $31,250 $31,250 $0
2018 $631 $31,250 $31,250 $0
2017 $631 $31,250 $31,250 $0
2016 $631 $31,250 $31,250 $0
2015 -- $31,250 $0 $0
2014 $559 $31,250 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 225462

Great Smoky Mountains Association of REALTORS®

APN: 127I-D-036.00