NOT LISTED FOR SALE

513 Parsons Branch Way Gatlinburg, TN 37738

Estimated Value: $523,997 - $600,000

2 Beds
2 Baths
1,352 Sq Ft
$410/Sq Ft Est. Value

Last Sold November 16, 2012

Last sale price $157,000 $116 Per Sq Ft

Est. 253% increase in value since last sale

Current estimated payment $3,043/month

49 Days on Market

Highlights

  • Pool and Spa
  • Deck
  • Wooded Lot
  • Gatlinburg Pittman High School Rated A-
  • Private Lot
  • Cathedral Ceiling

About This Home

As of November 2012

Produced almost $24,000 gross rental income in just 11 months of 2011! This recently updated cabin is only minutes to Gatlinburg but offers the peace and serenity that you expect from your mountain get away. Lots of privacy, newly stained exterior and an all pine interior make this one turn key as-is. Wood flooring throughout, wood ceilings and walls, quality furnishings, covered deck with hot tub, 23 x 12 game room, level parking and bedroom suites on each floor make this a very functional floor plan.

Last Agent to Sell the Property

Jason White

Century 21 Legacy PF Listed on: 08/08/2012

Last Buyer's Agent

Patricia Trish OWENS

Walter B Williams Realty Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $854

Year Built

  • Built in 2003

Lot Details

  • Property fronts a private road
  • Private Lot
  • Wooded Lot

Home Design

  • Log Cabin
  • Combination Foundation
  • Metal Roof
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Window Treatments
  • Living Room
  • Dining Room
  • Game Room
  • Utility Room
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Self-Cleaning Oven
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms
  • Soaking Tub

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Pool and Spa
  • Deck
  • Rain Gutters

Utilities

  • Cooling Available
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include roads
  • Forest Springs Subdivision

Listing and Financial Details

  • Tax Lot /1

Home Details

Home Type

Single Family

Est. Annual Taxes

$854

Year Built

Built in 2003

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2003
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Private, Wooded
  • ResoPoolFeatures: Hot Tub
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • ResoSecurityFeatures: Smoke Detector(s)
  • Reso Association Fee Includes: Roads
  • Subdivision Name: Forest Springs
  • Above Grade Finished Sq Ft: 676.0
  • Architectural Style: Log
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: Two
  • ResoWindowFeatures: Double Pane Windows, Window Treatments
  • Location Tax and Legal Tax Lot2: /1
  • Location Tax and Legal:Tax Annual Amount: 853.9
  • Location Tax and Legal Tax Year2: 2011
  • General Property Information Above Grade Finished Area: 676.0
  • General Property Information Below Grade Finished Area: 676.0
  • General Property Information Bonus Room YN2: No
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Log2: Yes
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Security Features:Smoke Detector(s): Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Room Types Bedroom 2 Level: B
  • Room Types Dining Room: Yes
  • Room Types Dining Room Level: 1
  • Room Types Living Room: Yes
  • Room Types Living Room Level: 1
  • Room Types Primary Bedroom Level: 1
  • Room Types Utility Room: Yes
  • Room Types Utility Room Level: B
  • Levels:Two: Yes
  • Utilities:Cable Available: Yes
  • General Property Information Lot Size Dimensions: PUD///
  • Road Frontage Type:Private Road: Yes
  • Pool Features Hot Tub: Yes
  • Foundation Details Combination: Yes
  • Room Types Game Room: Yes
  • Room Types Game Room Level: B
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement, Crawl Space, Exterior Entry, Finished, Full, Walk-Out Access
  • Appliances: Dishwasher, Dryer, Microwave, Range Hood, Refrigerator, Self Cleaning Oven, Washer
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), High Speed Internet, Soaking Tub
  • Street Number Modifier: 513
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Below Grade Sq Ft: 676.0
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Total Bedrooms: 14
  • Appliances Dishwasher: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Basement:Crawl Space: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:High Speed Internet: Yes
  • Interior Features:Soaking Tub: Yes
  • Basement:Basement2: Yes
  • Basement Finished: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Range Hood: Yes
  • Basement:Exterior Entry: Yes
  • Fireplace Features:Fireplaces Total: 1

Exterior Features

  • Exterior Features: Rain Gutters
  • Roof: Metal
  • Home Warranty: No
  • Construction Type: Log, Log Siding
  • Foundation Details: Combination
  • Patio And Porch Features: Deck
  • Construction Materials:Log: Yes
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Deck2: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Window Features:Double Pane Windows: Yes
  • Window Features:Window Treatments: Yes
  • Construction Materials:Log Siding: Yes
  • Lot Features:Wooded: Yes
  • Lot Features:Private2: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Electric, Heat Pump
  • Heating: Electric, Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: PUD///

Tax Info

  • Tax Year: 2011
  • Tax Annual Amount: 853.9
  • Tax Lot: /1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2012
Closed on
Nov 16, 2012
Sold by
Francis Clifton L Jackie
Bought by
Pate Timothy L
Seller's Agent
Jason White
Century 21 Legacy PF
Buyer's Agent
Patricia Trish OWENS
Walter B Williams Realty Group
List Price
$179,900
Sold Price
$157,000
Premium/Discount to List
-$22,900
-12.73%
Current Estimated Value
$553,666

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$396,666
Avg. Annual Appreciation
10.22%
Original Mortgage
$75,000
Outstanding Balance
$51,851
Interest Rate
3.4%
Mortgage Type
Commercial
Estimated Equity
$501,815
Source: Public Records

Range of Values:

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Average Value
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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
Pate Timothy L $157,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pate Timothy L $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/27/2021 01/27/21 Off Market $157,000 -- --
11/16/2012 11/16/12 Sold $157,000 -12.7% $116 / Sq Ft
09/26/2012 09/26/12 Pending -- -- --
08/08/2012 08/08/12 For Sale $179,900 -- $133 / Sq Ft
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 $1,740 $117,560 $14,000 $103,560
2024 $1,740 $117,560 $14,000 $103,560
2023 $1,740 $117,560 $0 $0
2022 $1,179 $73,475 $8,750 $64,725
2021 $1,179 $73,475 $8,750 $64,725
2020 $821 $73,475 $8,750 $64,725
2019 $822 $40,725 $8,750 $31,975
2018 $822 $40,725 $8,750 $31,975
2017 $822 $40,725 $8,750 $31,975
2016 $822 $40,725 $8,750 $31,975
2015 -- $47,725 $0 $0
2014 $854 $47,714 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jason White

    Century 21 Legacy PF

  • P

    Buyer's Agent in 2012

    Patricia Trish OWENS

    Walter B Williams Realty Group

See All Agents

Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 176305

Great Smoky Mountains Association of REALTORS®

APN: 127I-G-001.00-001

Tennessee Sevier County Gatlinburg 37738

513 Parsons Branch Way, Gatlinburg, TN

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