NOT LISTED FOR SALE

501 Reeds Way Townsend, TN 37882

Estimated Value: $447,000 - $499,000

2 Beds
2 Baths
1,344 Sq Ft
$348/Sq Ft Est. Value

Last Sold August 11, 2023

Last sale price $385,000 $286 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $2,598/month

Highlights

  • Golf Course Community
  • 1.1 Acre Lot
  • Wooded Lot
  • View of Trees or Woods
  • Deck
  • Cathedral Ceiling

About This Home

As of August 2023

Looking for some Smoky Mountain Charm?? This is it! This well-established cozy and comfortable 2 bed/ 2 bath cabin is located in the heart of Townsend, TN - The Peaceful Side of the Smokies! This rustic and charming cabin is appropriately named ''April Charm'' and does very well on the overnight rental platforms. It is on a private, wooded 1.1-acre lot with tons of possibilities. On the main floor is a large Master bedroom, bathroom with a jetted tub and walk-in shower, laundry room, open concept living/dining/kitchen and beautiful stone wood-burning fireplace. Upstairs you will find an oversized bedroom that currently accommodates 2 queen beds with much more space available, a second bathroom and a large open loft space suitable for family game night or you can create an additional sleeping space. Step outside and enjoy two covered porches - front porch is perfect for relaxing or enjoying your first morning cup of coffee and the covered back porch offers tons of privacy surrounded by woods and is ideal for enjoying an outdoor family meal.

**This is an active overnight rental so absolutely no drive-ups, walking on property without an approved showing.

Last Agent to Sell the Property

JoLana Carpenter

Why The Smokies, LLC License #365734 Listed on: 07/02/2023

Last Buyer's Agent

JoLana Carpenter

Why The Smokies, LLC License #365734 Listed on: 07/02/2023

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,260

Year Built

  • Built in 2001

Lot Details

  • 1.1 Acre Lot
  • Corner Lot
  • Wooded Lot

Parking

  • Assigned Parking

Property Views

  • Woods
  • Countryside Views
  • Forest

Home Design

  • Cabin
  • Frame Construction
  • Wood Siding

Interior Spaces

  • 1,344 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Family Room
  • Living Room
  • Open Floorplan
  • Bonus Room
  • Utility Room
  • Crawl Space
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch

Schools

  • Heritage Middle School
  • Heritage High School

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Septic Tank
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 095 022.00

Community Details

Overview

  • Property has a Home Owners Association
  • Bailes Property Subdivision

Recreation

  • Golf Course Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,260

Year Built

Built in 2001

Lot Details

0

Listing Details

  • Directions: Hwy 321 to Townsend. Turn onto Tuckaleechee Road. Turn onto Laurel Valley Road. Take immediate first right at Laurel Valley Entrance. DO NOT PASS THRU GATE or you will miss the road. Cabin is first cabin on left. April Charm sign on front of cabin.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 2001
  • Lot Size Acres: 1.1
  • Subdivision Name: Bailes Property
  • Architectural Style: Cabin
  • Property Attached Yn: No
  • Lot Description:Wooded: Yes
  • View:Wooded2: Yes
  • Lot Description:Corner Lot: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 768.0
  • General Property Description:SqFt - 2nd Flr Lvl: 576.0
  • General Property Description:_pound_ Fireplace: 1.0
  • General Property Description:HOA: No
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: Yes
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Floors:Carpet: Yes
  • Floors:Hardwood: Yes
  • Fuel:Electric: Yes
  • Heat:Central: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:Walk-in Shower: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Water:Public: Yes
  • Dining Area:KitchenDining Rm Co: Yes
  • Appliances Dryer: Yes
  • Washers: Yes
  • Dining Area:Living RmDining Rm: Yes
  • Heat:Heat Pump3: Yes
  • Misc Features:Cathedral Ceiling: Yes
  • Siding:Wood2: Yes
  • Lot Description:Golf Community: Yes
  • Misc Features:Whirlpool Tub: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Dryer, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave, Washer
  • Has Basement: Crawl Space
  • Fireplace: Yes
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Stone, Wood Burning
  • Fireplaces: 1
  • Flooring: Carpet, Hardwood
  • Basement:Crawl Space: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Other Rooms:Family Room: Yes
  • Fireplace:Wood Burning: Yes
  • Other Rooms:Bedroom Main Level: Yes
  • Fireplace:Stone2: Yes

Exterior Features

  • Exterior Features: Porch - Covered, Deck, Cable Available (TV Only)
  • View: Country Setting, Wooded
  • Lot Features: Wooded, Golf Community, Corner Lot
  • Construction Type: Wood Siding, Frame
  • Construction:Frame: Yes
  • Exterior Features:Deck: Yes
  • Exterior Features:Porch - Covered: Yes
  • Exterior Features:Cable Available (TV Only): Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Designated Parking
  • GarageParking:Designated Parking: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump, Electric
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Amenities: Golf Course
  • Association: Yes

Association/Amenities

  • Community Amenities:Golf Course2: Yes

Schools

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

Lot Info

  • Lot Size Sq Ft: 47916.0
  • Parcel #: 095 022.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2023
Closed on
Aug 11, 2023
Sold by
Gayhart Revocable Living Trust
Bought by
Baker Christopher and Baker Jennifer
Seller's Agent
JoLana Carpenter
Why The Smokies, LLC
Buyer's Agent
JoLana Carpenter
Why The Smokies, LLC
List Price
$479,000
Sold Price
$385,000
Premium/Discount to List
-$94,000
-19.62%
Views
175
Current Estimated Value
$467,802

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,802
Avg. Annual Appreciation
6.16%
Original Mortgage
$308,000
Outstanding Balance
$282,370
Interest Rate
6.06%
Mortgage Type
New Conventional
Estimated Equity
$153,887

Purchase Details

Closed on
Nov 6, 2015
Sold by
Gayhart Tony J
Bought by
Gayhart Tony Tr and The Gayhart Trust

Purchase Details

Closed on
Mar 27, 2003
Sold by
Bailes Robert C
Bought by
Gayhart Tony J and Gayhart Linda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.5%

Purchase Details

Closed on
Jan 31, 2003
Sold by
Bailes Robert C
Bought by
Eskew Walter R and Eskew John B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
3.5%

Purchase Details

Closed on
Jun 23, 2000
Sold by
Downtown Enterprises
Bought by
Bailes Robert

Purchase Details

Closed on
Feb 4, 1999
Sold by
Kuhn Marilyn
Bought by
Bates John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,948
Interest Rate
6.85%

Purchase Details

Closed on
Aug 10, 1998
Sold by
Brooks Howard E and Carter Kenneth
Bought by
Masters Dev

Purchase Details

Closed on
Sep 25, 1997
Sold by
Brooks Howard E and Carter Kenneth
Bought by
Hammond Fred

Purchase Details

Closed on
Jul 5, 1966
Bought by
Brooks Howard E
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
Baker Christopher $385,000 None Listed On Document
Gayhart Tony Tr -- --
Gayhart Tony J $150,000 --
Eskew Walter R -- --
Bailes Robert $50,000 --
Bates John $112,800 --
Masters Dev $35,000 --
Hammond Fred $30,000 --
Brooks Howard E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Christopher $308,000
Previous Owner Gayhart Tony J $126,750
Previous Owner Gayhart Linda C $142,500
Previous Owner Brooks Howard E $70,948
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2023 08/11/23 Sold $385,000 -19.6% $286 / Sq Ft
07/09/2023 07/09/23 Pending -- -- --
07/02/2023 07/02/23 For Sale $479,000 -- $356 / 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
2024 $1,260 $79,250 $18,000 $61,250
2023 $1,260 $79,250 $18,000 $61,250
2022 $1,009 $40,850 $6,025 $34,825
2021 $1,009 $40,850 $6,025 $34,825
2020 $1,009 $40,850 $6,025 $34,825
2019 $1,009 $40,850 $6,025 $34,825
2018 $950 $38,450 $6,025 $32,425
2017 $950 $38,450 $6,025 $32,425
2016 $950 $38,450 $6,025 $32,425
2015 $827 $38,450 $6,025 $32,425
2014 $857 $38,450 $6,025 $32,425
2013 $857 $39,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1232141

East Tennessee REALTORS® MLS

APN: 095-022.00