505 Chickasaw Gap Way Pigeon Forge, TN 37863
5
Beds
5
Baths
2,392
Sq Ft
4,356
Sq Ft Lot
Highlights
- Pool and Spa
- Deck
- Wooded Lot
- Gatlinburg Pittman High School Rated A-
- Recreation Room
- Cathedral Ceiling
About This Home
As of June 20245 Star Reviews on VRBO! Currently SELF managed under EVOLVE. 2021 Rental $114,686.76 2022 Rental $88,040.35. $86,657 for 2023. Huge Upgrades & Maintenance done while they have owned it! 3 miles to Dollywood! Minutes to Parkway, 10 min to downtown Gatlinburg! Investor Note: close on this property in May and get rentals for May/June/July before you need to make your first mortgage payment. Buy now to get the summer rental income. This cabin is 3 miles to Dollywood and has the cabin experience while keeping your guests close to the main area for activities! Great for families who have children and may need diapers, Tylenol at night etc. Great for church and business retreats. Sleeps 16. Situated in one of Pigeon Forge's most sought-after subdivisions, prime location, centrally positioned in town & easily accessible via a non-winding road accessible throughout all seasons. Sold fully furnished. Every bedroom has a bathroom. 7 flat-screen TVs w/ cable, farmhouse-style dining table (seats 16- great for Thanksgiving rental), gable window, 2 gas fireplaces, foosball table, arcade machine, pool table. KITCHEN: Fully equipped w/ cooking basics, stainless steel appliances, microwave, blender, drip + Keurig coffee maker, knife set, ice maker, breakfast bar. Bedroom 1: King Bed, Bedroom 2: King Bed, Bedroom 3: King Bed, Bedroom 4: Queen Bunk Beds, Bedroom 5: Queen Bunk Beds, 4 Twin Bunks in basement. 2- story covered decks + covered front porch, rocking chairs, gas grill, hot tub w/ cover, community pool access (open seasonally). The homeowners' dues are $1700/year if you pay all at one time. If you pay monthly, it totals $1800 or $150/month.
Currently SELF managed under EVOLVE. 2021 Rental $114,686.76 2022 Rental $88,040.35 In 2022 they changed management companies & switched back. They did lose some rental times when they switched over. Booked for $86,657 for 2023 but see attachment with Bear Tracts Management Company with their projections - estimate cabin could do $10,000 more*. REPAIRS HAVE BEEN DONE! Cabin has been highly maintained and many major items have been upgraded or replaced. LIST OF UPGRADES AND APPROVEMENTS!! - Installed gutters - All new windows - New shower tub on main floor - New bedroom fan on main floor & bed frame -New bedding for all beds - New oven, stove & microwave - New kitchen sink & added a garbage disposal - New stools at kitchen bar - Updated & restocked kitchen appliances, utensils, etc. - New living room tables & lamps -New big screen TV in living's room & replaced a couple of others - Replaced the gas burners in both fireplaces & timers - New stacked washer/dryer - Pool table re-felted - New stools in game room - PAC-Man machine refurbished - Updated front door keypad & installed deadbolt in game room door to the deck - New BBQ Grill -Replaced some rockers for decks - Replaced the posts supporting the bottom deck & poured cement pilings to support them *$13,300 -Sheeting under the house to protect from moisture / bugs - Repaired & Replaced the stucco *$12,000. - Replaced both HVACs - with regularly scheduled maintenance - New, brighter hall lights going down to the game room - New electrical circuit panel - New Washer / Dryer - stacked combo + ironing board & iron - New Hot Water Heater -4 twin bunk beds in the basement -Ceiling fans in each bedroom, living room, and dining room. -2 covered decks in addition to the covered porch. -Hot tub with cover.
*Please confirm all rental projections directly with Bear Tracts.
link for EVOLVE RENTAL LISTING
https://evolve.com/vacation-rentals/us/tn/pigeon-forge/438658?Property-Type=Cabin&queryID=cc11b8141325a9f165b790a9f7ce071e
Last Buyer's Agent
Shelly Gillum
MG Rise Real Estate Group License #364193
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,943
Year Built
- Built in 2003
Lot Details
- 4,356 Sq Ft Lot
- Property fronts a private road
- Wooded Lot
- Property is zoned C-1
HOA Fees
- $150 Monthly HOA Fees
Home Design
- Log Cabin
- Frame Construction
- Metal Roof
- Wood Siding
- Log Siding
Interior Spaces
- 3-Story Property
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Gas Log Fireplace
- Double Pane Windows
- Window Treatments
- Great Room
- Living Room
- Open Floorplan
- Recreation Room
- Bonus Room
- Partially Finished Basement
- Basement Fills Entire Space Under The House
- Property Views
Kitchen
- Eat-In Kitchen
- Electric Cooktop
- Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- 5 Full Bathrooms
Laundry
- Laundry on lower level
- Dryer
- Washer
Home Security
- Intercom
- Fire and Smoke Detector
Parking
- Private Parking
- Driveway
- Paved Parking
Outdoor Features
- Pool and Spa
- Deck
- Covered patio or porch
- Rain Gutters
Schools
- Pigeon Forge Primary Elementary School
Utilities
- Forced Air Zoned Heating and Cooling System
- Electric Water Heater
- High Speed Internet
- Internet Available
- Cable TV Available
Listing and Financial Details
- Tax Lot 14
- Assessor Parcel Number 094G E 001.00
Community Details
Overview
- Association fees include insurance, ground maintenance, roads
- Arrowhead Resort Association, Phone Number (865) 429-4140
- Arrowhead Resort Subdivision
- On-Site Maintenance
Recreation
- Community Pool
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/24/2024 06/24/24 | Sold | $750,000 | -10.7% | $314 / Sq Ft |
| 05/24/2024 05/24/24 | Pending | -- | -- | -- |
| 03/27/2024 03/27/24 | Price Changed | $839,999 | -4.0% | $351 / Sq Ft |
| 03/08/2024 03/08/24 | Price Changed | $875,000 | -2.7% | $366 / Sq Ft |
| 02/02/2024 02/02/24 | Price Changed | $899,000 | -2.8% | $376 / Sq Ft |
| 12/19/2023 12/19/23 | For Sale | $925,000 | +74.5% | $387 / Sq Ft |
| 04/07/2020 04/07/20 | Off Market | $530,001 | -- | -- |
| 01/07/2020 01/07/20 | Sold | $530,001 | -3.3% | $222 / Sq Ft |
| 10/26/2019 10/26/19 | Price Changed | $548,000 | -0.2% | $229 / Sq Ft |
| 09/28/2019 09/28/19 | For Sale | $549,000 | +70.5% | $230 / Sq Ft |
| 03/28/2019 03/28/19 | Off Market | $322,000 | -- | -- |
| 12/28/2017 12/28/17 | Sold | $322,000 | -0.7% | $135 / Sq Ft |
| 11/25/2017 11/25/17 | Pending | -- | -- | -- |
| 05/11/2017 05/11/17 | For Sale | $324,200 | -- | $136 / Sq Ft |
Source: Great Smoky Mountains Association of REALTORS®
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 | $5,592 | $188,920 | $11,200 | $177,720 |
| 2023 | $5,592 | $188,920 | $0 | $0 |
| 2022 | $1,943 | $118,075 | $7,000 | $111,075 |
| 2021 | $1,943 | $118,075 | $7,000 | $111,075 |
| 2020 | $1,092 | $118,075 | $7,000 | $111,075 |
| 2019 | $1,092 | $53,025 | $7,000 | $46,025 |
| 2018 | $1,092 | $53,025 | $7,000 | $46,025 |
| 2017 | $1,092 | $53,025 | $7,000 | $46,025 |
| 2016 | $1,092 | $53,025 | $7,000 | $46,025 |
| 2015 | -- | $58,450 | $0 | $0 |
| 2014 | $1,070 | $58,445 | $0 | $0 |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $562,500 | New Conventional | |
| Previous Owner | $394,600 | New Conventional | |
| Previous Owner | $397,500 | New Conventional | |
| Previous Owner | $257,600 | New Conventional | |
| Previous Owner | $323,000 | No Value Available |
Source: Public Records
Deed History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | $750,000 | Chapman & Rosenthal Title | |
| Quit Claim Deed | -- | New Title Company Name | |
| Quit Claim Deed | -- | Smoky Mountain Title | |
| Warranty Deed | $530,000 | Smoky Mountain Title | |
| Warranty Deed | $322,000 | Smoky Mountain Title | |
| Deed | $323,000 | -- |
Source: Public Records
Similar Homes in Pigeon Forge, TN
Source: Great Smoky Mountains Association of REALTORS®
MLS Number: 267671
APN: 094G-E-001.00-014
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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. Some or all of the listings displayed may not belong to the firm whose website is being visited. Information is deemed reliable but not guaranteed. Copyright 2025 Great Smoky Mountains Association of REALTORS®. All rights reserved.
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