$395,000
SOLD SEP 19, 2024

527 Hoot Owl Way Gatlinburg, TN 37738

1 Bed
1 Bath
480 Sq Ft
1 Acres

Recently Sold

$823 Per Sq Ft

10% Below List Price

76 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Granite Countertops
  • Gatlinburg Pittman High School Rated A-
  • Furnished
  • Community Pool

About This Home

As of September 2024

Discover the charm of this adorable studio cabin only 10 minutes from downtown Gatlinburg, perfect for a weekend retreat or a profitable vacation rental. This cabin combines rustic appeal with modern comforts. The open-concept space has rich wood interiors, exposed beams, a stone fireplace, a jet tub, and a fully equipped kitchen with granite countertops. Relax on your private deck tucked into the woods with a soothing hot tub. The cabin is in the popular Mountain Shadows resort community with amenities like 2 swimming pools, a playground, and a pavilion. This property has been lovingly self-managed and has produced consistently strong gross income while only listed on Airbnb.

* Recent Updates! New HVAC in 2/2023 & New Water Heater in 7/2023

Last Agent to Sell the Property

Reagen Natho

eXp Realty, LLC 7720 License #366504 Listed on: 06/03/2024

eXp Realty, LLC 7720

Last Buyer's Agent

Gracie Mayfield

Local Realty Group License #369147

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $615

Year Built

  • Built in 1998

HOA Fees

  • $80 Monthly HOA Fees

Parking

  • Paved Parking

Home Design

  • Log Cabin
  • Metal Roof
  • Log Siding

Interior Spaces

  • 480 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Gas Log Fireplace
  • Wood Flooring

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Soaking Tub

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Deck
  • Property is zoned C-2

Listing and Financial Details

  • Tax Lot 36
  • Assessor Parcel Number 117M E 001.00

Community Details

Overview

  • Association fees include insurance, roads
  • Mountain Shadows Resort, Llc Association, Phone Number (865) 361-0039
  • Mtn Shadow Resort Subdivision
  • On-Site Maintenance
  • Planned Unit Development

Recreation

  • Community Playground
  • Community Pool

Additional Features

  • No Laundry Facilities
  • Resident Manager or Management On Site

Home Details

Home Type

Single Family

Est. Annual Taxes

$615

Year Built

Built in 1998

Lot Details

0

HOA Fees

$80 per month

Listing Details

  • Property Type: Residential
  • Year Built: 1998
  • Zoning: C-2
  • Current Use: Investment
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: None
  • Reso Association Amenities: Maintenance Grounds, Management, Pool
  • Reso Association Fee Includes: Insurance, Roads
  • Co List Office Mls Id: 701
  • Subdivision Name: Mtn Shadow Resort
  • Above Grade Finished Sq Ft: 480.0
  • Architectural Style: Cabin
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Location Tax and Legal New Construction YN: No
  • Location Tax and Legal Parcel Number2: 117M E 001.00
  • Location Tax and Legal Tax Lot2: 36
  • Location Tax and Legal:Tax Annual Amount: 615.38
  • Location Tax and Legal Tax Year2: 2023
  • General Property Information Above Grade Finished Area: 480.0
  • General Property Information Bonus Room YN2: No
  • General Property Information:Furnished: Furnished
  • General Property Information Construction Type2: Site Built
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Architectural Style Cabin2: Yes
  • Association Amenities Pool2: Yes
  • Cooling:Central Air: Yes
  • Flooring Wood: Yes
  • Sewer:Public Sewer: Yes
  • Water Source:Public: Yes
  • Levels:One: Yes
  • General Property Information:Stories Total: 1
  • General Property Information Fireplace YN: Yes
  • Utilities Cable Connected: Yes
  • Utilities High Speed Internet Connected: Yes
  • General Property Information Planned Unit Development (PUD): Yes
  • Laundry Features None9: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Basement: None
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Interior Amenities: Granite Counters, Soaking Tub
  • Street Number Modifier: 527
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Stories: 1
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Basement:None3: Yes
  • Interior Features:Soaking Tub: Yes
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Interior Features:Granite Counters: Yes
  • Community Features:Playground: Yes
  • Community Features:Pool: Yes

Exterior Features

  • Roof: Metal
  • Disclosures: Seller Disclosure
  • Construction Type: Log
  • Patio And Porch Features: Deck
  • Construction Materials:Log: Yes
  • Patio And Porch Features:Deck2: Yes
  • ConstructionSiding:Roof Metal: Yes

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Sewer: Public Sewer
  • Utilities: Cable Connected, High Speed Internet Connected
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Community Features: Playground, Pool
  • Association Fee: 80.0
  • Association Fee Frequency: Monthly
  • Association Name: Mountain Shadows Resort, LLC
  • Phone: 865-361-0039
  • Association: Yes

Association/Amenities

  • Association Fee Includes:Insurance: Yes
  • Association Amenities:Maintenance Grounds: Yes
  • Association Amenities:Management: Yes

Lot Info

  • Parcel #: 117M E 001.00

Tax Info

  • Tax Year: 2023
  • Tax Annual Amount: 615.38
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2024
Closed on
Sep 17, 2024
Sold by
Carroll Lauren M and Carroll Ryan
Bought by
Goyal Uphaar and Kulkarni Trupti
Seller's Agent
Reagen Natho
eXp Realty, LLC 7720
Buyer's Agent
Gracie Mayfield
Local Realty Group
List Price
$439,000
Sold Price
$395,000
Premium/Discount to List
-$44,000
-10.02%
Views
61
Current Estimated Value
$374,099

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,901
Avg. Annual Appreciation
-2.29%
Original Mortgage
$335,750
Outstanding Balance
$333,893
Interest Rate
6.47%
Mortgage Type
New Conventional
Estimated Equity
$52,941

Purchase Details

Listed on
Nov 20, 2019
Closed on
Jan 2, 2020
Sold by
Detullio Leonard V and Detullio Nicole G
Bought by
Carroll Lauren M and Carroll Ryan
Seller's Agent
Kenneth Gays
Smoky Mountain Real Estate Cor
Buyer's Agent
Avery Carl
eXp Realty, LLC 7720
List Price
$154,000
Sold Price
$159,200
Premium/Discount to List
$5,200
3.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.28%
Original Mortgage
$119,400
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2005
Sold by
Mountain Property Rentals
Bought by
Detullio Leonard V

Purchase Details

Closed on
Jan 11, 2000
Bought by
Mountain Property Rentals
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $395,000 Tennessee Land Title
Warranty Deed $162,000 Maryville Title Agency
Deed $102,500 --
Deed $105,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $335,750 New Conventional
Previous Owner $119,400 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2024 09/19/24 Sold $395,000 -3.4% $823 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
08/15/2024 08/15/24 Price Changed $409,000 -2.4% $852 / Sq Ft
07/15/2024 07/15/24 Price Changed $419,000 -2.3% $873 / Sq Ft
06/24/2024 06/24/24 Price Changed $429,000 -1.2% $894 / Sq Ft
06/13/2024 06/13/24 Price Changed $434,000 -1.1% $904 / Sq Ft
06/03/2024 06/03/24 For Sale $439,000 +175.8% $915 / Sq Ft
04/05/2020 04/05/20 Off Market $159,200 -- --
01/06/2020 01/06/20 Sold $159,200 +3.4% $332 / Sq Ft
11/20/2019 11/20/19 For Sale $154,000 -- $321 / 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
2024 $567 $38,325 $8,625 $29,700
2023 $567 $38,325 $0 $0
2022 $615 $38,325 $8,625 $29,700
2021 $615 $38,325 $8,625 $29,700
2020 $470 $38,325 $8,625 $29,700
2019 $471 $23,350 $8,625 $14,725
2018 $471 $23,350 $8,625 $14,725
2017 $471 $23,350 $8,625 $14,725
2016 $471 $23,350 $8,625 $14,725
2015 -- $24,525 $0 $0
2014 $510 $28,492 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 301353

Great Smoky Mountains Association of REALTORS®

APN: 117M-E-001.00-036