NOT LISTED FOR SALE

760 Colt Ln Gatlinburg, TN 37738

Estimated Value: $1,004,446

3 Beds
3 Baths
2,458 Sq Ft
$409/Sq Ft Est. Value

Last Sold February 20, 2024

Last sale price $1,020,000 $415 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,550/month

43 Days on Market

Highlights

  • Pool and Spa
  • 1.15 Acre Lot
  • Chalet
  • Gatlinburg Pittman High School Rated A-
  • Mountain View
  • Deck

About This Home

As of February 2024

Nestled within the city limits of Gatlinburg, this three-bedroom, three-bathroom chalet offers an exceptional blend of comfort and scenic beauty. Spread across a generous 2,458 square feet, this property presents a unique opportunity to experience the allure of amazing views of the national park. The chalet's design smartly utilizes its space, featuring two bedrooms with en-suite bathrooms on the upper level, each offering privacy and tranquility. The lower level hosts a full bedroom and bathroom, creating a perfect guest suite or family space. Every room on the main level is designed to maximize the breathtaking mountain views, with large windows that not only bring in natural light but also allow guests to fully immerse themselves in the surrounding beauty. The heart of the home is the spacious kitchen, equipped with granite countertops and ample cabinet space, ideal for those who love to cook. The lower level of the property has been recently renovated to include a full bedroom, a cozy lounge area, a gaming zone with a pool table, and a theater area, offering endless entertainment options. Located less than 15 minutes from the vibrant downtown Gatlinburg, this property is a retreat close to local amenities and attractions. It also stands out as a lucrative investment opportunity, with projections estimating a potential income of $115,000 per year. Whether as a primary residence, a vacation home, or an investment property, this chalet is a rare find that combines luxury, location, and potential in one exceptional package.

Last Agent to Sell the Property

The Maloney Team

Prime Mountain Properties License #335706 Listed on: 12/04/2023

Prime Mountain Properties

Last Buyer's Agent

Crystal Johnson

Century 21 Legacy GP License #339600

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,612

Year Built

  • Built in 2019

Lot Details

  • 1.15 Acre Lot
  • Private Lot

Home Design

  • Chalet
  • Cottage
  • Composition Roof
  • Vinyl Siding
  • Block And Beam Construction
  • Stucco

Interior Spaces

  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Gas Log Fireplace
  • Window Treatments
  • Wood Flooring
  • Mountain Views
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Pool and Spa
  • Deck
  • Rain Gutters

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System
  • Septic Tank
  • Septic Permit Issued
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Kingsridge Subdivision

Listing and Financial Details

  • Tax Lot 105

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,612

Year Built

Built in 2019

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 2019
  • Zoning: R-1
  • Reso Property Sub Type: Single Family Residence
  • NumberUnfurnished: Furnished
  • ResoLaundryFeatures: Electric Dryer Hookup, Washer Hookup
  • ResoLotFeatures: Private
  • ResoPoolFeatures: Hot Tub
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Reso View: Mountain(s)
  • ResoSecurityFeatures: Smoke Detector(s)
  • Co List Office Mls Id: 325
  • Subdivision Name: Kingsridge
  • Above Grade Finished Sq Ft: 1229.0
  • Architectural Style: Chalet, Cottage
  • Fireplace: Yes
  • Reso Flooring: Wood
  • Garage Yn: No
  • Unit Levels: Two
  • ResoWindowFeatures: Window Treatments
  • Location Tax and Legal Tax Lot2: 105
  • Location Tax and Legal:Tax Annual Amount: 1612.12
  • Location Tax and Legal Tax Year2: 2022
  • General Property Information Lot Size Acres: 1.15
  • General Property Information Above Grade Finished Area: 1229.0
  • General Property Information Below Grade Finished Area: 1229.0
  • General Property Information Bonus Room YN2: No
  • General Property Information:Furnished: Furnished
  • 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 Disposal: Yes
  • Appliances Dryer: Yes
  • Appliances Microwave: Yes
  • Appliances Refrigerators: Yes
  • Washers: Yes
  • Flooring Wood: Yes
  • Laundry Features Electric Dryer Hookup: Yes
  • Laundry Features Washer Hookup: Yes
  • Roof:Composition: Yes
  • Security Features:Smoke Detector(s): Yes
  • Land Features View Mountains: Yes
  • Water Source:Public: Yes
  • Levels:Two: Yes
  • Architectural Style Chalet: Yes
  • Sewer Septic Permit On File: Yes
  • Utilities:Cable Available: Yes
  • Pool Features Hot Tub: Yes
  • Architectural Style Cottage: Yes
  • Special Features: VirtualTour
  • Property Sub Type: Detached

Interior Features

  • Basement: Basement, Finished, Full, Walk-Out Access
  • Appliances: Dishwasher, Disposal, Dryer, Electric Range, Microwave, Range Hood, Refrigerator, Washer
  • Interior Amenities: Ceiling Fan(s), High Speed Internet, Solid Surface Counters
  • Street Number Modifier: 760
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Below Grade Sq Ft: 1229.0
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Appliances Dishwasher: Yes
  • Appliances:Electric Range: Yes
  • Interior Features:Ceiling Fans: Yes
  • Interior Features:High Speed Internet: Yes
  • Basement:Basement2: Yes
  • Basement Finished: Yes
  • Full Basement: Yes
  • Basement:Walk-Out Access: Yes
  • Fireplace Features:Gas Log: Yes
  • Appliances:Range Hood: Yes
  • Fireplace Features:Fireplaces Total: 1
  • Interior Features:Solid Surface Counters: Yes

Exterior Features

  • Exterior Features: Rain Gutters
  • Roof: Composition
  • Acres: 1.15
  • View: Yes
  • Home Warranty: No
  • Construction Type: Block, Stucco, Vinyl Siding
  • Patio And Porch Features: Deck
  • Exterior Features:Rain Gutters: Yes
  • Construction Materials:Vinyl Siding: Yes
  • Patio And Porch Features:Deck2: Yes
  • Window Features:Window Treatments: Yes
  • Construction Materials:Block: Yes
  • Lot Features:Private2: Yes
  • Construction Materials:Stucco: Yes

Garage/Parking

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

Utilities

  • Cooling: Electric, Heat Pump
  • Heating: Central, Electric, Heat Pump
  • Sewer: Septic Tank, Septic Permit On File
  • Utilities: Cable Available
  • Cooling Y N: Yes
  • HeatingYN: Yes
  • Water Source: Public
  • HeatingCooling:Electric: Yes
  • Heating:Central: Yes
  • Heating:Electric4: Yes
  • Heating:Heat Pump2: Yes
  • Sewer Septic Tank: Yes
  • HeatingCooling:Heat Pump: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Lot Size Sq Ft: 50094.0
  • ResoLotSizeUnits: Acres
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Year: 2022
  • Tax Annual Amount: 1612.12
  • Tax Lot: 105

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 4, 2023
Closed on
Feb 20, 2024
Sold by
Baringer Michael and Baringer Jennifer
Bought by
Manning Shane Michael
Seller's Agent
The Maloney Team
Prime Mountain Properties
Buyer's Agent
Crystal Johnson
Century 21 Legacy GP
List Price
$1,050,000
Sold Price
$1,020,000
Premium/Discount to List
-$30,000
-2.86%
Views
136
Current Estimated Value
$1,004,446

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$15,554
Avg. Annual Appreciation
-1.32%
Original Mortgage
$816,000
Outstanding Balance
$802,504
Interest Rate
6.66%
Mortgage Type
New Conventional
Estimated Equity
$196,364

Purchase Details

Listed on
May 9, 2023
Closed on
Jun 13, 2023
Sold by
Andes Thomas F and Andes Brenda R
Bought by
Michael Baringex and Michael Jennifer Baringer
Seller's Agent
The Maloney Team
Prime Mountain Properties
Buyer's Agent
The Maloney Team
Prime Mountain Properties
Sold Price
$645,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
94.30%
Original Mortgage
$580,500
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 9, 1995
Sold by
Shank Phillip T
Bought by
Andes Thomas F

Purchase Details

Closed on
Aug 7, 1992
Bought by
Shank Phillip T and Shank Loran

Purchase Details

Closed on
May 29, 1986
Bought by
Shank Phillip T and Shank Loran
Source: Public Records

Range of Values:

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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
Manning Shane Michael $1,020,000 Smoky Mountain Title
Michael Baringex $645,000 Tennessee Land Title
Andes Thomas F $125,000 --
Shank Phillip T $1,000 --
Shank Phillip T $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manning Shane Michael $816,000
Previous Owner Michael Baringex $580,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/20/2024 02/20/24 Sold $1,020,000 -1.9% $415 / Sq Ft
01/17/2024 01/17/24 Pending -- -- --
01/03/2024 01/03/24 Price Changed $1,040,000 -1.0% $423 / Sq Ft
12/04/2023 12/04/23 For Sale $1,050,000 +62.8% $427 / Sq Ft
09/24/2023 09/24/23 Off Market $645,000 -- --
06/13/2023 06/13/23 Sold $645,000 -- $574 / 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 $2,377 $160,640 $35,000 $125,640
2024 $2,377 $160,640 $35,000 $125,640
2023 $2,377 $160,640 $0 $0
2022 $1,612 $100,400 $21,875 $78,525
2021 $1,612 $100,400 $21,875 $78,525
2020 $1,276 $100,400 $21,875 $78,525
2019 $1,140 $63,275 $21,875 $41,400
2018 $442 $21,875 $21,875 $0
2017 $442 $21,875 $21,875 $0
2016 $1,016 $50,325 $21,875 $28,450
2015 -- $51,300 $0 $0
2014 $918 $51,296 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Great Smoky Mountains Association of REALTORS®

MLS Number: 267522

Great Smoky Mountains Association of REALTORS®

APN: 117I-A-001.04