NOT LISTED FOR SALE

712 Octagon Dr Gatlinburg, TN 37738

Estimated Value: $492,000 - $585,000

2 Beds
3 Baths
1,650 Sq Ft
$334/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $635,000 $385 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $3,176/month

89 Days on Market

Highlights

  • Spa
  • View of Trees or Woods
  • Clubhouse
  • Gatlinburg Pittman High School Rated A-
  • Chalet
  • Deck

About This Home

As of January 2024

This newly renovated, beautiful chalet is in the heart of Gatlinburg, Tennessee! Investors jewel or your own cozy hibernation den? This 1,650 sqft, 2 story wooden octagon cabin has an open concept with cathedral ceilings. Unwind and cozy up! Main level consists of a Living Area with a beautiful stone, gas fireplace, comes on with just a turn of a dial. Kitchen has brand new black, stainless steel appliances and new sleek granite counters. The roomy primary suite has two closets, a relaxing jacuzzi tub room on one side and an attached full bathroom on the other that has an extra door to the hallway. Spacious second bedroom has an attached half bath. Remote ceiling fans in both bedrooms and living room. Downstairs is where you will find a huge space with new wooden walls, a place to do with of your choosing. It already has a foosball table and a mounted Smart TV to get it going. Sellers new gifts to you! Also has a beautiful half bath and Laundry/Utility room with washer & dryer connections. Brand new floors, windows, window blinds, fresh interior paint are all throughout home. Roof, gutters, and decks was replaced, as well as exterior wood and stain.
On a mountain only 10 min from downtown Gatlinburg, that means.. VIEWS. You're surrounded by beautiful, Great Smoky Mountains. Big, beautiful double deck for all your enjoyment. Rock in your chairs or enjoy the views and breathtaking sunset in the new 4 person hot tub on the main level. Hot tub comes with a hard, bear resistance cover. All windows bring in natural light and allows you to enjoy the amazing mountains or wooded views. You will feel the magic here! Take your opportunity to own a piece of The Great Smoky Mountains. An amazing investment opportunity as an overnight rental. Contact me anytime to schedule your private viewing. Thank you!

Last Agent to Sell the Property

Dani Wilson

Southern Charm Homes License #365079 Listed on: 09/21/2023

Last Buyer's Agent

Clay Dalton

Re/Max Prime Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $735

Year Built

  • Built in 1987

Lot Details

  • 436 Sq Ft Lot
  • Irregular Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

HOA Fees

  • $232 Monthly HOA Fees

Property Views

  • Woods
  • Mountain
  • Countryside Views
  • Forest
  • Seasonal

Home Design

  • Chalet
  • Cabin
  • Brick Exterior Construction
  • Wood Siding
  • Rough-In Plumbing
  • Masonry

Interior Spaces

  • 1,650 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Stone Fireplace
  • ENERGY STAR Qualified Windows
  • Vinyl Clad Windows
  • ENERGY STAR Qualified Doors
  • Family Room
  • Combination Kitchen and Dining Room
  • Bonus Room
  • Storage Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Laminate
  • Sustainable

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Washer and Dryer Hookup

Partially Finished Basement

  • Exterior Basement Entry
  • Recreation or Family Area in Basement
  • Stubbed For A Bathroom

Parking

  • Parking Available
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Spa
  • Balcony
  • Deck

Schools

  • Pigeon Forge Middle School
  • Gatlinburg Pittman High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Septic Tank
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 117G A 001.00

Community Details

Overview

  • Association fees include all amenities, grounds maintenance
  • Condo Villa Iii Subdivision
  • Mandatory home owners association
  • On-Site Maintenance

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$735

Year Built

Built in 1987

Lot Details

0

HOA Fees

$232 per month

Listing Details

  • Directions: From Gatlinburg turn onto Hwy 321N East Parkway. Turn left onto Ridge Rd. Turn right onto Cartertown Rd. Go 1.1 miles turn left onto E Foothills Dr. Follow E. Foothills Dr. and turn right on Octagon Dr. Follow to property on left. Sign on Property.
  • Property Sub Type: Residential
  • Prop. Type: Residential
  • Year Built: 1987
  • Lot Size Acres: 0.01
  • Subdivision Name: Condo Villa Iii
  • Architectural Style: Cabin, Chalet
  • Property Attached Yn: No
  • Lot Description:Rolling Slope: Yes
  • Lot Description:Wooded: Yes
  • View:Mountain View: Yes
  • View:Wooded2: Yes
  • Lot Description:Irregular Lot: Yes
  • General Property Description:Fireplace: Yes
  • General Property Description:SqFt - Main Lvl: 850.0
  • General Property Description:SqFt - Down Lvl: 800.0
  • General Property Description:_pound_ Fireplace: 1.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: Yes
  • General Property Description:Bonus Room: Yes
  • General Property Description:Extra Storage: Yes
  • AtchdDtchd Type:Detached: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Cooling: Yes
  • Heat:Central: Yes
  • Dining Area:Eat-in Kitchen: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Misc Features:Internet Available: Yes
  • Misc Features:WasherDryer Connect: Yes
  • Water:Public: Yes
  • Floors:Laminate: Yes
  • Dining Area:KitchenDining Rm Co: Yes
  • Misc Features:Cathedral Ceiling: Yes
  • Siding:Wood2: Yes
  • Misc Features:Whirlpool Tub: Yes
  • View:Seasonal Mountain: Yes
  • Misc Features:Hot Tub: Yes
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Smoke Detector, Self Cleaning Oven, Refrigerator, Microwave
  • Has Basement: Partially Finished, Plumbed, Outside Entr Only
  • Fireplace: Yes
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Other, Stone, Gas Log
  • Fireplaces: 1
  • Flooring: Laminate, Sustainable
  • ResoLivingAreaSource: Owner
  • Fireplace:Gas Log: Yes
  • Appliances Dishwasher: Yes
  • Appliances Range: Yes
  • Appliances:Smoke Detector: Yes
  • Other Rooms:Extra Storage3: Yes
  • Other Rooms:LaundryUtility: Yes
  • Other Rooms:Mstr Bdrm Main Level: Yes
  • Appliances:Self Cleaning Oven: Yes
  • Other Rooms:Family Room: Yes
  • Basement:Plumbed: Yes
  • Basement:Partially Finished: Yes
  • Other Rooms:Basement Rec Room: Yes
  • Other Rooms:Bedroom Main Level: Yes
  • Basement:Outside Entr Only: Yes
  • Fireplace:Stone2: Yes

Exterior Features

  • Exterior Features: Window - Energy Star, Windows - Vinyl, Deck, Balcony, Doors - Energy Star
  • View: Mountain View, Country Setting, Wooded, Seasonal Mountain
  • Lot Features: Wooded, Irregular Lot, Rolling Slope
  • Construction Type: Wood Siding, Brick
  • Exterior Features:Deck: Yes
  • Exterior Features:Windows - Vinyl: Yes
  • Exterior Features:Doors - Energy Star: Yes
  • Exterior Features:Window - Energy Star: Yes
  • Construction:Other7: Yes
  • Construction:Masonry: Yes
  • Exterior Features:Balcony: Yes

Garage/Parking

  • Attached Garage: No
  • Parking Features: Designated Parking, Main Level, Off-Street Parking
  • GarageParking:Designated Parking: Yes
  • GarageParking:Off-Street Parking: Yes
  • GarageParking:Main Level: Yes

Utilities

  • Cooling: Central Cooling, Ceiling Fan(s)
  • Cooling Y N: Yes
  • Heating: Central, Propane
  • Heating Yn: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Amenities: Clubhouse, Pool
  • Association Fee: 695.0
  • Association Fee Frequency: Quarterly
  • Association: Yes

Association/Amenities

  • Community Amenities:Club House2: Yes
  • Community Amenities:Swimming Pool: Yes
  • Association Fee Incl:All Amenities: Yes
  • Community Amenities:Lawn Care: Yes
  • Association Fee Incl:Grounds Maintenance: Yes

Fee Information

  • Association Fee Includes: All Amenities, Grounds Maintenance

Schools

  • High School: Gatlinburg Pittman
  • Middle Or Junior School: Pigeon Forge

Lot Info

  • Lot Size Sq Ft: 435.6
  • Parcel #: 117G A 001.00
  • ResoLotSizeUnits: Acres

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2023
Closed on
Jan 25, 2024
Sold by
Michael A Novak Revocable Trust
Bought by
Young Cole Brennen and Montgomery Young Cheyenne
Seller's Agent
Dani Wilson
Southern Charm Homes
Buyer's Agent
Clay Dalton
Re/Max Prime Properties
List Price
$699,000
Sold Price
$635,000
Premium/Discount to List
-$64,000
-9.16%
Views
169
Current Estimated Value
$550,825

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$84,175
Avg. Annual Appreciation
-7.80%
Original Mortgage
$419,990
Outstanding Balance
$412,568
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$138,257

Purchase Details

Closed on
Jan 23, 2018
Sold by
All Real Property Inc and Arpi Inc
Bought by
Michael A Novak Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Interest Rate
4.04%

Purchase Details

Closed on
Aug 29, 2007
Sold by
Novak Michael A
Bought by
All Real Property Inc
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
Young Cole Brennen $635,000 Unity Title And Escrow Llc
Michael A Novak Revocable Trust $648 --
All Real Property Inc $165,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Young Cole Brennen $419,990
Previous Owner All Real Property Inc --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/26/2024 01/26/24 Sold $635,000 -5.9% $385 / Sq Ft
12/20/2023 12/20/23 Pending -- -- --
10/13/2023 10/13/23 Price Changed $675,000 -3.4% $409 / Sq Ft
09/21/2023 09/21/23 For Sale $699,000 -- $424 / Sq Ft
Source: East Tennessee REALTORS® MLS

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 $735 $49,675 $15,000 $34,675
2024 $735 $49,675 $15,000 $34,675
2023 $735 $49,675 $0 $0
2022 $735 $49,675 $15,000 $34,675
2021 $735 $49,675 $15,000 $34,675
2020 $592 $49,675 $15,000 $34,675
2019 $592 $31,825 $15,000 $16,825
2018 $592 $31,825 $15,000 $16,825
2017 $592 $31,825 $15,000 $16,825
2016 $592 $31,825 $15,000 $16,825
2015 -- $34,625 $0 $0
2014 $564 $34,624 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: East Tennessee REALTORS® MLS

MLS Number: 1240377

East Tennessee REALTORS® MLS

APN: 117G-A-001.00-011