NOT LISTED FOR SALE

308 Elk Cove Way Gatlinburg, TN 37738

Estimated Value: $580,000 - $646,000

2 Beds
2 Baths
1,608 Sq Ft
$379/Sq Ft Est. Value

Last Sold May 13, 2022

Last sale price $669,900 $417 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $3,429/month

7 Days on Market

Highlights

  • 1 Acre Lot
  • Mountain View
  • Private Lot
  • Gatlinburg Pittman High School Rated A-
  • Deck
  • Wooded Lot

About This Home

As of May 2022

Amazing rental opportunity!!
This adorable peaceful cabin is located in the heart of The Arts and Crafts community featuring two bedrooms, two baths, and a large loft currently being used as a third bedroom.
Perfect for investors or a vacation home in the mountains! Grossed over $56,000.00 in 2021 in rentals!
Hurry, this cabin will not last long!
Available starting 4/10 for showings!!

Buyer to verify all information.

Last Agent to Sell the Property

Tara Burke

Hometown Realty, LLC License #341593 Listed on: 04/06/2022

Last Buyer's Agent

Zeke Goodman

eXp Realty, LLC License #362367

eXp Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,110

Year Built

  • Built in 2004

Lot Details

  • 1 Acre Lot
  • Private Lot
  • Wooded Lot

HOA Fees

  • $85 Monthly HOA Fees

Property Views

  • Mountain
  • Forest
  • Seasonal

Home Design

  • Cabin
  • Log Siding

Interior Spaces

  • 1,608 Sq Ft Home
  • 1 Fireplace
  • Insulated Windows

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Parking

  • Parking Available
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System

Community Details

  • Elk Cove Resort Subdivision

Listing and Financial Details

  • Property Available on 4/5/22
  • Assessor Parcel Number 117E C 029.00

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,110

Year Built

Built in 2004

Lot Details

0

HOA Fees

$85 per month

Listing Details

  • Directions: 321 N in Gatlinburg to Glades Rd. Go 1.2 miles to R on Kings Rd., 0.1 mile to R on Ownby Dr., 0.1 mile to R on Branson Dr., 0.1 mile to L on Tank Hill, R into Elk Cove Resort. Cabin will be on the left.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2004
  • Lot Size Acres: 1.0
  • Subdivision Name: Elk Cove Resort
  • Architectural Style: Cabin
  • Property Attached Yn: No
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Gas Grill, Smoke Detector, Security Alarm, Refrigerator, Microwave, Washer
  • Has Basement: None
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplaces: 1
  • Flooring: Carpet, Hardwood, Tile

Exterior Features

  • Exterior Features: Windows - Insulated, Porch - Covered, Deck
  • View: Mountain View, Wooded, Seasonal Mountain
  • Lot Features: Private, Wooded
  • Construction Type: Log

Garage/Parking

  • Attached Garage: No
  • Parking Features: Designated Parking, Main Level, Off-Street Parking

Utilities

  • Cooling: Central Cooling
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 85.0
  • Association Fee Frequency: Monthly
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 43560.0
  • Parcel #: 117E C 029.00
  • ResoLotSizeUnits: Acres

Rental Info

  • Available Date: 2022-04-05

Tax Info

  • Tax Annual Amount: 66.03

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2020
Sold by
Threlkeld Shannon G and Threlkeld Heidi M
Bought by
Switzer David and Switzer Jennifer
Current Estimated Value
$610,146

Purchase Details

Closed on
Feb 27, 2018
Sold by
Atchley Lynn
Bought by
Threlkeld Shannon G and Threlkeld Heidi M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,910
Interest Rate
4.04%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Switzer David $310,000 Smoky Mountain Title
Threlkeld Shannon G $219,900 Maryville Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Threlkeld Shannon G $197,910
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $669,900 +1.5% $417 / Sq Ft
04/10/2022 04/10/22 Price Changed $659,900 -2.2% $410 / Sq Ft
04/05/2022 04/05/22 For Sale $675,000 -- $420 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $1,110 $120,000 $12,000 $108,000
2024 $1,110 $75,000 $7,500 $67,500
2023 $1,110 $75,000 $0 $0
2022 $1,204 $75,000 $7,500 $67,500
2021 $1,204 $75,000 $7,500 $67,500
2020 $836 $75,000 $7,500 $67,500
2019 $837 $41,475 $7,500 $33,975
2018 $837 $41,475 $7,500 $33,975
2017 $837 $41,475 $7,500 $33,975
2016 $837 $41,475 $7,500 $33,975
2015 -- $41,850 $0 $0
2014 $749 $41,852 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Tara Burke

    Hometown Realty, LLC

  • Zeke Goodman

    Buyer's Agent in 2022

    Zeke Goodman

    eXp Realty, LLC

    (888) 519-5113

    20 in this area

    138 Total Sales

    Zeke Goodman
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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1186530

East Tennessee REALTORS® MLS

APN: 117E-C-029.00-003

Tennessee Sevier County Gatlinburg 37738

308 Elk Cove Way, Gatlinburg, TN

This home is located at 308 Elk Cove Way, Gatlinburg, TN 37738 since 06 April 2022 and is currently estimated at $610,146, approximately $379 per square foot. This property was built in 2004. 308 Elk Cove Way is a home located in Sevier County with nearby schools including Catons Chapel Elementary School, Jones Cove Elementary School, and Northview Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

East Tennessee REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.

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