J
Seller's Agent in 2022
Joseph Ayres
Wind River Properties, LLC
(865) 988-1864
3 in this area
195 Total Sales
520 Otter Run Way Gatlinburg, TN 37738
Estimated Value: $1,788,690
5
Beds
5.5
Baths
4,196
Sq Ft
$426/Sq Ft
Est. Value
Highlights
- Gated Community
- 1.39 Acre Lot
- Mountain View
- Gatlinburg Pittman High School Rated A-
- Craftsman Architecture
- Deck
About This Home
As of September 2022PRIVATE MOUNTAIN ESTATE! UPDATE: July 2022 Gross Overnight Rental Revue $33,000!! This majestic custom home boasts 4186 square feet of open floor plan with 5 large bedrooms, each with it's own private bath, and is perched on a shelf overlooking the sweeping watershed of Norton Creek with stunning views in all seasons. The main level great room is full of character with exposed post and beam details, an open gourmet kitchen (granite counter tops), with one of three massive stone fireplaces (wood burning or gas), breakfast nook and deck access. The entry level also features a half bath, coat closet, laundry room and master bedroom with an spacious his and her luxury bath. The lower level consists of four guest suites, a bunk room, second deck and a fabulous "treehouse" gazebo with a wood burning fireplace overlooking the sweeping mountain and valley views. Gaze at the stars as you listen to Norton Creek below on sultry summer nights. The detached two car garage has been finished as a Rec Room/Media Room. This exquisite home would make a great short term rental, as it sleeps 16 comfortably and is offered completely furnished with all fixtures, decor and appliances. A totally private, end of cul-de-sac location makes it the perfect Mountain Get-Away. Home is currently an Overnight Vacation Rental and is a very lucrative investment.(UPDATE: July, 2022 Gross Rental Revenue $33,000) The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. This area offers easy access to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park as well. Call today for your private showing!
Last Agent to Sell the Property
Wind River Properties, LLC License #327342 Listed on: 06/10/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,993
Year Built
- Built in 2008
Lot Details
- 1.39 Acre Lot
- Property fronts a private road
- Wooded Lot
HOA Fees
- $167 Monthly HOA Fees
Home Design
- Craftsman Architecture
- Chalet
- 2-Story Property
- Frame Construction
- Composition Roof
- Masonite
- Stone
Interior Spaces
- Wet Bar
- Furnished
- Cathedral Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Gas Log Fireplace
- Great Room
- Bonus Room
- Wood Flooring
- Mountain Views
- Attic Access Panel
- Fire and Smoke Detector
Kitchen
- Double Self-Cleaning Oven
- Gas Cooktop
- Range Hood
- Microwave
- Dishwasher
- Solid Surface Countertops
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Walk-In Closet
- Soaking Tub
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- Private Parking
- Driveway
- Paved Parking
Outdoor Features
- Deck
- Covered Patio or Porch
- Rain Gutters
Utilities
- Forced Air Zoned Heating and Cooling System
- Heat Pump System
- Well
Listing and Financial Details
- Tax Lot B-14
- Assessor Parcel Number 125 011.57
Community Details
Overview
- Estates At Norton Creek Association
- Estates At Norton Creek Subdivision
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 10, 2022
Closed on
Sep 19, 2022
Sold by
Lrtn Smoky Llc
Bought by
520 Otter Run Llc
Seller's Agent
Joseph Ayres
Wind River Properties, LLC
Buyer's Agent
Billy Houston
Billy Houston Group, Realty Executives
List Price
$2,300,000
Sold Price
$1,900,000
Premium/Discount to List
-$400,000
-17.39%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$111,310
Avg. Annual Appreciation
-1.94%
Purchase Details
Listed on
Aug 31, 2021
Closed on
Oct 15, 2021
Sold by
Converse Matthew A R and Converse Laurie M
Bought by
Lrtn Smoky Llc
Seller's Agent
Jason White
Century 21 Legacy GP
Buyer's Agent
Chris Morton
Crye-Leike REALTORS Oak Ridge
List Price
$1,495,000
Sold Price
$1,490,000
Premium/Discount to List
-$5,000
-0.33%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.62%
Purchase Details
Closed on
Dec 16, 2016
Sold by
Sevier County Bank
Bought by
Converse Matthew A R and Converse Laurie M R
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,750
Interest Rate
3.94%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 20, 2009
Sold by
Sykes
Bought by
Sevier County Bank
Purchase Details
Closed on
Dec 20, 2006
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 520 Otter Run Llc | $1,900,000 | Southeast Title & Escrow | |
| 520 Otter Run Llc | $1,900,000 | Southeast Title & Escrow | |
| Lrtn Smoky Llc | $1,490,000 | None Available | |
| Converse Matthew A R | $567,500 | -- | |
| Sevier County Bank | $1,200,000 | -- | |
| -- | $350,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Converse Matthew A R | $510,750 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/21/2022 12/21/22 | Off Market | $1,900,000 | -- | -- | |
| 09/16/2022 09/16/22 | Sold | $1,900,000 | -2.6% | $453 / Sq Ft | |
| 08/22/2022 08/22/22 | Pending | -- | -- | -- | |
| 07/26/2022 07/26/22 | Price Changed | $1,950,000 | -9.3% | $465 / Sq Ft | |
| 07/11/2022 07/11/22 | Price Changed | $2,150,000 | -6.5% | $512 / Sq Ft | |
| 07/11/2022 07/11/22 | For Sale | $2,300,000 | +54.4% | $548 / Sq Ft | |
| 01/16/2022 01/16/22 | Off Market | $1,490,000 | -- | -- | |
| 10/18/2021 10/18/21 | Sold | $1,490,000 | -0.3% | $415 / Sq Ft | View Prior Sale |
| 09/05/2021 09/05/21 | Pending | -- | -- | -- | |
| 08/31/2021 08/31/21 | For Sale | $1,495,000 | -- | $416 / Sq Ft |
Source: Great Smoky Mountains Association of REALTORS®
Tax History Compared to Growth
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 | $6,180 | $417,600 | $72,000 | $345,600 |
| 2024 | $6,180 | $417,600 | $72,000 | $345,600 |
| 2023 | $6,180 | $417,600 | $0 | $0 |
| 2022 | $3,863 | $261,000 | $45,000 | $216,000 |
| 2021 | $3,863 | $261,000 | $45,000 | $216,000 |
| 2020 | $3,993 | $261,000 | $45,000 | $216,000 |
| 2019 | $3,993 | $214,700 | $45,000 | $169,700 |
| 2018 | $3,993 | $214,700 | $45,000 | $169,700 |
| 2017 | $3,993 | $214,700 | $45,000 | $169,700 |
| 2016 | $3,993 | $214,700 | $45,000 | $169,700 |
| 2015 | -- | $179,600 | $0 | $0 |
| 2014 | $2,927 | $179,600 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Joseph Ayres
-
Billy Houston
Buyer's Agent in 2022
Billy Houston
Billy Houston Group, Realty Executives
(865) 577-7653
27 in this area
526 Total Sales
-
Jason White
Seller's Agent in 2021
Jason White
Century 21 Legacy GP
(877) 678-2121
200 in this area
385 Total Sales
-
Chris Morton
Buyer's Agent in 2021
Chris Morton
Crye-Leike
(865) 898-8271
2 in this area
180 Total Sales
Map
Source: Great Smoky Mountains Association of REALTORS®
MLS Number: 250083
APN: 125-011.57
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