NOT LISTED FOR SALE

518 Laurel Ave Gatlinburg, TN 37738

Estimated Value: $1,029,114

4 Beds
3 Baths
2,100 Sq Ft
$490/Sq Ft Est. Value

Last Sold March 08, 2021

Last sale price $888,140 $423 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,614/month

Highlights

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

About This Home

As of March 2021

WALKING DISTANCE TO DOWNTOWN GATLINBURG! This beautifully rehabbed 4BR cabin grossed $122k in the last twelve months, including downtime for the pandemic! It has everything families want: fire pit, game room, theatre room, two bunk rooms, hot tub, easy access, no steep roads, plenty of level parking, sold fully furnished and outfitted to sleep 12. Located in a quiet little pocket in Gatlinburg city limits literally steps from the action. Tons of 5-star reviews on AirBNB/VRBO. City water/sewer. Great opportunity to step right in to a proven money-making investment - sellers will even continue managing for the buyer who wants a truly turnkey purchase!

Last Agent to Sell the Property

Julie McCoy

eXp Realty, LLC 7720 License #350996 Listed on: 02/10/2021

eXp Realty, LLC 7720

Last Buyer's Agent

Jessica Weston

Weichert REALTORS, Tiger Real Estate PF

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $987

Year Built

  • Built in 1940

Lot Details

  • Wooded Lot
  • Property is zoned R-2

Home Design

  • Log Cabin
  • Metal Roof
  • Wood Siding
  • Log Siding

Interior Spaces

  • 2-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Great Room
  • Bonus Room
  • Wood Flooring
  • Intercom
  • Washer

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Exterior Basement Entry

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Pool and Spa
  • Deck

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Community Details

  • No Home Owners Association
  • Smokey Heights Subdivision

Listing and Financial Details

  • Tax Lot 811.01/1
  • Assessor Parcel Number 126F A 017

Home Details

Home Type

Single Family

Est. Annual Taxes

$987

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1940
  • Zoning: R-2
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLotFeatures: Wooded
  • ResoPoolFeatures: Hot Tub
  • Road Frontage Type: City Street
  • ResoOtherEquipment: Intercom
  • Subdivision Name: Smokey Heights
  • Above Grade Finished Sq Ft: 1575.0
  • Architectural Style: Cabin, Log
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: Two
  • Location Tax and Legal Parcel Number2: 126F A 017
  • Location Tax and Legal Tax Lot2: 811.01/1
  • Location Tax and Legal:Tax Annual Amount: 986.88
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Above Grade Finished Area: 1575.0
  • General Property Information Below Grade Finished Area: 525.0
  • General Property Information Bonus Room YN2: Yes
  • General Property Information:Furnished: Furnished
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Architectural Style Cabin2: Yes
  • Architectural Style Log2: Yes
  • Cooling:Central Air: Yes
  • Flooring Wood: Yes
  • Interior Features Great Room2: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Levels:Two: Yes
  • General Property Information Lot Size Dimensions: 60 X 125 IRR
  • Pool Features Hot Tub: Yes
  • Other Equipment:Intercom: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement, Exterior Entry, Finished, Walk-Out Access
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator, Washer
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Great Room, High Speed Internet
  • Street Number Modifier: 518
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 525.0
  • Fireplace Features: Gas Log
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement:Basement2: Yes
  • Basement Finished: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Gas Log: Yes
  • Basement:Exterior Entry: Yes

Exterior Features

  • Roof: Metal
  • Home Warranty: No
  • Construction Type: Log Siding, Wood Siding
  • Patio And Porch Features: Deck
  • Patio And Porch Features:Deck2: Yes
  • ConstructionSiding:Roof Metal: Yes
  • Construction Materials:Wood Siding: Yes
  • Construction Materials:Log Siding: Yes
  • Lot Features:Wooded: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Driveway, Paved
  • General Property Information:Garage YN: No
  • Parking Features:Driveway: Yes
  • Parking Features:Paved2: Yes

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Dimensions: 60 X 125 IRR
  • Parcel #: 126F A 017

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 986.88
  • Tax Lot: 811.01/1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2021
Closed on
Mar 4, 2021
Sold by
Murphy Danielle and Fetters Jacob
Bought by
Winky Mickey And Speedy Llc
Seller's Agent
Julie McCoy
eXp Realty, LLC 7720
Buyer's Agent
Jessica Weston
Weichert REALTORS, Tiger Real Estate PF
List Price
$898,000
Sold Price
$888,140
Premium/Discount to List
-$9,860
-1.1%
Current Estimated Value
$1,029,114

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,974
Avg. Annual Appreciation
3.23%

Purchase Details

Listed on
Oct 24, 2019
Closed on
Jan 2, 2020
Sold by
Patel Sudhaben
Bought by
Murphy Danielle and Fetters Jarob
Seller's Agent
Mike Patel
Small Town Realty
Buyer's Agent
Non Member Non Member
Non-Member Office
Sold Price
$440,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
81.34%
Original Mortgage
$396,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 23, 2007
Sold by
The Estate Of Mary Susan C
Bought by
Sudhaben Patel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,400
Interest Rate
6.19%
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
Winky Mickey And Speedy Llc $888,140 Maryville Title Agency
Murphy Danielle $440,000 Maryville Title Agency
Sudhaben Patel $223,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murphy Danielle $396,000
Previous Owner Sudhaben Patel $149,400
Previous Owner Sudhaben Patel $178,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2021 06/06/21 Off Market $888,140 -- --
03/23/2021 03/23/21 Off Market $888,140 -- --
03/08/2021 03/08/21 Sold $888,140 -1.1% $423 / Sq Ft
02/10/2021 02/10/21 For Sale $898,000 +104.1% $428 / Sq Ft
01/02/2020 01/02/20 Sold $440,000 -- $210 / Sq Ft View Prior Sale
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 $2,598 $175,560 $18,920 $156,640
2024 $1,624 $109,725 $11,825 $97,900
2023 $1,624 $109,725 $0 $0
2022 $1,762 $109,725 $11,825 $97,900
2021 $1,762 $109,725 $11,825 $97,900
2020 $985 $109,725 $11,825 $97,900
2019 $987 $48,875 $10,950 $37,925
2018 $987 $48,875 $10,950 $37,925
2017 $850 $48,875 $10,950 $37,925
2016 $850 $42,100 $10,950 $31,150
2015 -- $41,550 $0 $0
2014 $744 $41,558 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    Julie McCoy

    eXp Realty, LLC 7720

    Section Image

  • J

    Buyer's Agent in 2021

    Jessica Weston

    Weichert REALTORS, Tiger Real Estate PF

  • M

    Seller's Agent in 2020

    Mike Patel

    Small Town Realty

  • N

    Buyer's Agent in 2020

    Non Member Non Member

    Non-Member Office

See All Agents

Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 240544

Great Smoky Mountains Association of REALTORS®

APN: 126F-A-017.00

Tennessee Sevier County Gatlinburg 37738

518 Laurel Ave, Gatlinburg, TN

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