NOT LISTED FOR SALE

716 Village Loop Rd Gatlinburg, TN 37738

Estimated Value: $1,325,000 - $1,495,910

3 Beds
4.5 Baths
3,000 Sq Ft
$470/Sq Ft Est. Value

Last Sold May 20, 2024

Last sale price $1,575,000 $525 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $7,912/month

29 Days on Market

Highlights

  • Pool and Spa
  • Mountain View
  • Deck
  • Gatlinburg Pittman High School Rated A-
  • Clubhouse
  • Cathedral Ceiling

About This Home

As of May 2024

Turnkey investment property at The Chalet Village North in Gatlinburg featuring exceptional mountain views! This lifestyle home overlooks Mt Leconte, with panoramas from nearly every room and decks across all three levels to enjoy the majestic vistas. This is a remarkable home that embodies the essence of luxury and attention to detail. As you step inside, you'll immediately notice the upgraded features that set this home apart. Every aspect has been carefully considered to provide a living space that is not only beautiful but also functional. Each floor has its own separate climate as well as flanking wall-to-wall windows showing off the view. The exterior hurricane doors are equipped with a series of deadbolts top and bottom for peace of mind security. The open, inviting floor plan brings natural light into every corner of the house and the tasteful decor scheme is a blend of contemporary farmhouse that starts at the curb and continues to surprise and delight from room to room. The warmth of the LVP floors and natural light bring together the open kitchen and dining areas. Whether novice or chef, everyone will find it a joy to cook in the spacious kitchen adorned with custom shaker cabinets featuring undermount lighting, stainless steel appliances, and a center island. A stacked stone gas log fireplace warms the dining room where a bank of windows overlook the mountains and you can walk right out to one of the three decks. As you traverse each room, a symphony of excellence envelops you, offering an immersive experience of purposeful design decisions which continue into the divine primary bedroom. This sanctuary pampers with a walk-in closet, direct deck access, and a spa-inspired ensuite with double sinks and large shower with dual shower heads. A half bath and laundry closet sum up this level, with living spaces appearing on both the upper level and lower levels to offer a variety of spaces to suit any activity. Boasting vaulted ceilings, the upstairs living room creates an open and airy ambiance with stacked stone gas fireplace. The room seamlessly connects to a covered deck, providing the perfect setting for indoor-outdoor living and offering breathtaking views. A full bathroom adds convenience for anyone, while the bedroom enjoys its own private ensuite bathroom. This bedroom also directly accesses the deck and boasts mountain panoramas. This property has tons of features that will make your knees weak and heart flutter, continuing down to the lowest level where a fabulous living/games room provides a great hang-out space to relax and enjoy the views. This floor has a deck with hot tub, perfect for relaxing after a long day of exploring and adventuring. There is an additional bedroom on this level as well as a full bath with tub/shower combo. The amenities don't stop here! The property is conveniently located across the street from the Chalet Village Clubhouse where you will find a pool and tennis courts. This property is only a 7-minute ride down the mountain into Downtown Gatlinburg and 10 minutes to Pigeon Forge. Don't settle for boring cookie cutter when you can have a thoughtfully built, better-than-new property with some of the best views of the Smokies! Buyer to verify all information. Square footage estimated. Drone photography used.

Last Agent to Sell the Property

Ryan Coleman

Hometown Realty LLC License #322312 Listed on: 03/19/2024

Last Buyer's Agent

NON MEMBER

NON MEMBER FIRM License #105

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $316

Year Built

  • Built in 2023

Lot Details

  • 0.41 Acre Lot
  • Property fronts a county road

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • Cabin
  • Brick or Stone Mason
  • Composition Roof
  • Cement Siding
  • Cedar Siding
  • Masonry

Interior Spaces

  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Gas Log Fireplace
  • Double Pane Windows
  • Great Room
  • Bonus Room
  • Mountain Views
  • Finished Basement
  • Crawl Space
  • Dishwasher
  • Dryer

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Pool and Spa
  • Deck
  • Rain Gutters

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 225
  • Assessor Parcel Number 046.00

Community Details

Overview

  • Chalet Village Association
  • Chalet Village North Subdivision

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$316

Year Built

Built in 2023

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Type: Residential
  • Year Built: 2023
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • ResoPoolFeatures: Hot Tub, Private
  • Road Frontage Type: County Road
  • Road Surface Type: Paved
  • Reso View: Mountain(s)
  • Reso Association Amenities: Clubhouse, Pool
  • Co List Office Mls Id: 558
  • Subdivision Name: Chalet Village North
  • Above Grade Finished Sq Ft: 2000.0
  • Architectural Style: Cabin
  • Fireplace: Yes
  • Garage Yn: No
  • Unit Levels: Three Or More
  • ResoWindowFeatures: Double Pane Windows
  • Location Tax and Legal Parcel Number2: 046.00
  • Location Tax and Legal Tax Lot2: 225
  • Location Tax and Legal:Tax Annual Amount: 316.35
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Lot Size Acres: 0.41
  • General Property Information Above Grade Finished Area: 2000.0
  • General Property Information Below Grade Finished Area: 1000.0
  • General Property Information:Bathrooms Half: 1
  • General Property Information Bonus Room YN2: Yes
  • General Property Information Accessory Dwelling Unit YN2: No
  • General Property Information Home Warranty YN: No
  • General Property Information Construction Type2: Site Built
  • General Property Information View YN2: Yes
  • Appliances Dryer: Yes
  • Appliances Refrigerators: Yes
  • Architectural Style Cabin2: Yes
  • Association Amenities Pool2: Yes
  • Cooling:Central Air: Yes
  • Interior Features Great Room2: Yes
  • Pool Features Private4: Yes
  • Roof:Composition: Yes
  • Land Features View Mountains: Yes
  • Water Source:Public: Yes
  • Road Frontage Type County Road: Yes
  • Utilities:Cable Available: Yes
  • General Property Information Lot Size Dimensions: 102.37 X 170.39 IRR
  • Levels Three Or More: Yes
  • Pool Features Hot Tub: Yes
  • Special Features: 4098
  • Property Sub Type: Detached

Interior Features

  • Basement: Crawl Space, Finished
  • Appliances: Dishwasher, Dryer, Refrigerator
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fan(s), Great Room, High Speed Internet
  • Street Number Modifier: 716
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1000.0
  • Fireplace Features: Gas Log
  • Fireplaces: 2
  • Appliances Dishwasher: Yes
  • Basement:Crawl Space: Yes
  • Community Features:Clubhouse: Yes
  • Interior Features:Cathedral Ceiling(s): Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement Finished: Yes
  • Fireplace Features:Gas Log: Yes
  • Fireplace Features:Fireplaces Total: 2
  • Community Features:Tennis Court(s): Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Acres: 0.41
  • View: Yes
  • Home Warranty: No
  • Construction Type: Cement Siding, Masonry
  • Patio And Porch Features: Deck
  • Exterior Features:Rain Gutters: Yes
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Double Pane Windows: Yes
  • Construction Materials:Masonry3: Yes
  • Construction Materials:Cement Siding: Yes

Garage/Parking

  • General Property Information:Garage YN: No

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Utilities: Cable Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • Heating:Central: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Clubhouse, Tennis Court(s)
  • Association Fee: 42.0
  • Association Fee Frequency: Monthly
  • Association Name: Chalet Village
  • Association: Yes

Association/Amenities

  • Association Amenities:Clubhouse2: Yes

Lot Info

  • Lot Dimensions: 102.37 X 170.39 IRR
  • Lot Size Sq Ft: 17859.6
  • ResoLotSizeUnits: Acres
  • Parcel #: 046.00
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 316.35
  • Tax Lot: 225

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2024
Closed on
May 16, 2024
Sold by
Carelli Dominic and Carelli Jill
Bought by
Laham Ailee Mark and Laham Angela
Seller's Agent
Ryan Coleman
Hometown Realty LLC
Buyer's Agent
NON MEMBER
NON MEMBER FIRM
List Price
$1,645,000
Sold Price
$1,575,000
Premium/Discount to List
-$70,000
-4.26%
Views
41
Current Estimated Value
$1,410,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$164,545
Avg. Annual Appreciation
-7.68%
Original Mortgage
$1,260,000
Outstanding Balance
$1,243,540
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$166,915

Purchase Details

Closed on
Sep 8, 2022
Sold by
Carelli Dominic A
Bought by
Carelli Dominic and Careili Jill

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,000
Interest Rate
5.22%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 4, 2022
Sold by
Matthew Carelli Dominic
Bought by
Carelli Dominic A

Purchase Details

Listed on
Mar 1, 2019
Closed on
Jul 12, 2019
Sold by
Carelli Dominic and Carelli Jill
Bought by
Carelli Dominic Matthew
Seller's Agent
Suzy Compton-Hays
All Pro REALTORS, Inc.
Buyer's Agent
Michael Cole
All Pro REALTORS, Inc.
List Price
$99,000
Sold Price
$92,500
Premium/Discount to List
-$6,500
-6.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
54.32%

Purchase Details

Listed on
Mar 1, 2019
Closed on
Jun 28, 2019
Sold by
Merritt Bob E and Merritt Ellen E
Bought by
Carelli Dominic and Carelli Jill
Seller's Agent
Suzy Compton-Hays
All Pro REALTORS, Inc.
Buyer's Agent
Michael Cole
All Pro REALTORS, Inc.
List Price
$99,000
Sold Price
$92,500
Premium/Discount to List
-$6,500
-6.57%

Purchase Details

Closed on
Mar 26, 1992
Bought by
Merritt Bob E and Merritt Ellen E

Purchase Details

Closed on
Mar 27, 1989
Bought by
Bowman Merritt Bob E Helen G

Purchase Details

Closed on
Sep 16, 1986
Bought by
Russell Wayne Mary
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
Laham Ailee Mark $1,575,000 Genesis Real Estate Title
Carelli Dominic -- --
Carelli Dominic A -- Smoky Mountain Title
Carelli Dominic Matthew -- Smoky Mountain Title
Carelli Dominic $92,500 Smoky Mountain Title
Merritt Bob E -- --
Bowman Merritt Bob E Helen G $155,000 --
Russell Wayne Mary $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laham Ailee Mark $1,260,000
Previous Owner Carelli Dominic $551,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/20/2024 05/20/24 Sold $1,575,000 -4.3% $525 / Sq Ft
04/18/2024 04/18/24 Pending -- -- --
03/19/2024 03/19/24 For Sale $1,645,000 +1678.4% $548 / Sq Ft
09/30/2019 09/30/19 Off Market $92,500 -- --
06/25/2019 06/25/19 Sold $92,500 -6.6% $47 / Sq Ft View Prior Sale
05/31/2019 05/31/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $99,000 -- $50 / 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
2025 $4,704 $198,650 $21,375 $177,275
2024 $316 $21,375 $21,375 --
2023 $316 $21,375 $0 $0
2022 $316 $21,375 $21,375 $0
2021 $316 $21,375 $21,375 $0
2020 $244 $21,375 $21,375 $0
2019 $244 $13,125 $13,125 $0
2018 $244 $13,125 $13,125 $0
2017 $244 $13,125 $13,125 $0
2016 $935 $50,250 $13,125 $37,125
2015 -- $52,325 $0 $0
2014 $853 $52,326 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 269004

Great Smoky Mountains Association of REALTORS®

APN: 126G-C-046.00