NOT LISTED FOR SALE

701 Black Gum Gap Rd Gatlinburg, TN 37738

Estimated Value: $481,000

116 Acres
$4,144 Price per Acre
5,056,009 Sq Ft Lot

Last Sold January 29, 2021

Last sale price $800,000 $549 Per Sq Ft

Est. 40% decrease in value since last sale

Current estimated payment $2,639/month

141 Days on Market

Highlights

  • 116.07 Acre Lot
  • Seasonal View
  • Lot Has A Rolling Slope
  • Gatlinburg Pittman High School Rated A-
  • No HOA

About This Lot

As of January 2021

116 acres of BEAUTIFUL rolling land available in the heart of the Smoky Mountains! Gorgeous views with TONS of potential! A few structures do convey with the property. Please inquire for more details. Don't miss out on this amazing opportunity! Come check this out TODAY! Drone photography was used.

Last Agent to Sell the Property

Carl Young

Young Marketing Group, Realty Executives License #337453 Listed on: 07/23/2020

Young Marketing Group, Realty Executives

Co-Listed By

April Ganser

Young Marketing Group, Realty Executives License #333744

Last Buyer's Agent

Joshua Wells

Prime Mountain Properties License #341549

Prime Mountain Properties

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $557

Lot Details

  • 116.07 Acre Lot
  • Property fronts a county road
  • Lot Has A Rolling Slope
  • Property is zoned A-1

Additional Features

  • Seasonal Views
  • Septic Tank

Community Details

Overview

  • No Home Owners Association

Recreation

  • Outbuilding

Property Details

Property Type

Land

Est. Annual Taxes

$557

Lot Details

0

Listing Details

  • Property Type: Land
  • Zoning: A-1
  • CoListOfficeEmail: carl@ymgproperties.com
  • Reso Property Sub Type: Unimproved Land
  • ResoLotFeatures: Rolling Slope
  • Road Frontage Type: County Road
  • Reso View: Seasonal
  • Co List Office Mls Id: 816
  • Co List Office Phone: 865-281-1321
  • Co List Office Mls Id: 816
  • Subdivision Name: Other
  • Reso Other Structures: Outbuilding
  • Location Tax and Legal Tax Lot2: 0000
  • Location Tax and Legal:Tax Annual Amount: 557.0
  • Location Tax and Legal Tax Year2: 2019
  • General Property Information Lot Size Acres: 116.07
  • View Seasonal: Yes
  • Water Source:Public: Yes
  • Road Frontage Type County Road: Yes
  • Other Structures:Outbuilding: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Street Number Modifier: 701
  • Possible Use: Farm, Manufactured Home, Recreational, Single Family

Exterior Features

  • Acres: 116.07
  • Lot Features:Rolling Slope: Yes

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Association Name: None
  • Association: No

Lot Info

  • Lot Size Sq Ft: 5056009.2
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 557.0
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2020
Closed on
Jan 29, 2021
Sold by
Cox Pursley Carol and Roark Matthew Kingdon
Bought by
Stanga Byron and Stanga Brady
Seller's Agent
Carl Young
Young Marketing Group, Realty Executives
Buyer's Agent
Joshua Wells
Prime Mountain Properties
List Price
$1,000,000
Sold Price
$800,000
Premium/Discount to List
-$200,000
-20%
Current Estimated Value
$481,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$319,000
Avg. Annual Appreciation
-13.22%
Original Mortgage
$600,000
Outstanding Balance
$453,603
Interest Rate
2.67%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
-$34,603

Purchase Details

Closed on
Dec 22, 2015
Sold by
Carol Cox-Pursley
Bought by
Carol Cox-Pursley and Roark Matthew Kingdon

Purchase Details

Closed on
Dec 11, 2015
Sold by
Carol Cox-Pursley
Bought by
Carol Cox-Pursley

Purchase Details

Closed on
Sep 30, 2011
Sold by
Cox Sue Clarke
Bought by
Grant Scott H and Serpentine Trust

Purchase Details

Closed on
Dec 23, 1999
Sold by
Al Cox Sue Cet
Bought by
Denooyer Marcia P
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Stanga Byron $800,000 None Available
Stanga Byron $800,000 None Listed On Document
Carol Cox-Pursley -- --
Cox-Pursley Carol -- --
Carol Cox-Pursley -- --
Grant Scott H -- --
Denooyer Marcia P $261,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stanga Byron $600,000
Closed Stanga Byron $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/02/2021 05/02/21 Off Market $800,000 -- --
02/02/2021 02/02/21 Off Market $800,000 -- --
01/29/2021 01/29/21 Sold $800,000 -8.6% $549 / Sq Ft
12/10/2020 12/10/20 Price Changed $875,000 -2.8% $600 / Sq Ft
11/11/2020 11/11/20 Price Changed $900,000 -2.7% $617 / Sq Ft
10/22/2020 10/22/20 Price Changed $925,000 -2.6% $634 / Sq Ft
10/02/2020 10/02/20 Price Changed $950,000 -2.6% $652 / Sq Ft
09/11/2020 09/11/20 Price Changed $975,000 -2.5% $669 / Sq Ft
07/23/2020 07/23/20 For Sale $1,000,000 -- $686 / 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 $228 $15,425 $15,425 --
2023 $228 $15,425 $0 $0
2022 $228 $15,425 $15,425 $0
2021 $526 $15,425 $15,425 $0
2020 $558 $35,525 $18,700 $16,825
2019 $558 $29,975 $17,950 $12,025
2018 $558 $29,975 $17,950 $12,025
2017 $558 $29,975 $17,950 $12,025
2016 $558 $29,975 $17,950 $12,025
2015 -- $0 $0 $0
2014 $445 $27,308 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 229350

Great Smoky Mountains Association of REALTORS®

APN: 099-020.00