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Sold for $495,000 on 05/09/24
  • $495,000

    109 Cutter Gap Rd, Townsend, TN 37882

    1beds
    1,248sqft
    Single Family Residence
    Built in 1997
    0.39 Acres Lot
    $474,500 Zestimate®
    $397/sqft
    $1,732 Estimated rent

    Home value

    $474,500

    $437,000 - $512,000

    $1,732/mo

    Zestimate® history
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    What's special

    *2 bedroom layout*plus Loft *2 full baths* Looking for a getaway in the Great Smoky Mountains - the #1 visited National Park in the US? Always dreamed of owning a cabin in the woods? Looking for a way to have an income producing property? Check out this Townsend, TN home tucked in the almost 1,400 acre MOUNTAIN & gated community of Laurel Valley. This beautifully decorated and located CABIN is waiting for you to make it your *Primary Residence, Vacation Home, or INCOME PRODUCING Short Term Rental* on the ''Quiet Side of the Smokies.'' Owner updates include: - bathroom remodel including large walk-in shower - addition of hot tub - including necessary plumbing and electrical updates - updating the walk-in crawl space to include full size washer and dryer (this is in addition to the stacked unit within the home) *update allows for more efficient TURNS when preparing for guests* - addition of 2nd hot water heater to supply hot tub There is a small stream at the lower end of the property. Note this is a 2 bedroom layout with a septic rated for 1 bedroom. Note that this property is operating as a Short Term Rental. It is actively listed on VRBO and AirBNB - allowing the owners to benefit from the investment opportunity this community allows. Any and all showings will need to be scheduled around guests. Not wanting to operate a STR - no problem. Turn it into your Primary Residence. Want to explore the world of STR? Keep reading... This is a turn key operation - pending new listing profiles setup by new owners or owner property management company on STR platforms. It is intended to be sold turn-key (all furniture, linens, and appliances). Seller has a rental management company lined up for new owner to interview and transition all existing future bookings to. Management for 90 days with acceptable offer offered through https://www.bearycozycabinrentals.com/ after 90 days new owner can opt for a plan through this company, take over management and create their own online STR profiles, or move to the management company of their choosing which will also require creating new STR profiles. For insight on this rental go here for more info on the current AirBnb listing-- https://air.tl/atOKLOcR Laurel Valley HOA info can be found here -- https://www.laurelvalley.org/ Wild Laurel (golf course, swimming pool, workout facility, restaurant and bar info located here, including membership fees. Note - Wild Laurel is located within the Laurel Valley Community but is independently owned and operated. A separate membership is required outside of Laurel Valley HOA. -- https://www.wildlaurel.us/ Buyer and Buyer's Agent should verify any and all information. Documentation supporting Gross Revenue will be shared with verified buyers agents. Gross Revenue includes cleaning fee for each stay of $167.

    Zillow last checked: 8 hours ago

    Listing updated: May 10, 2024 at 11:03am

    Listed by:

    Dena Miller,

    Realty Executives Associates

    Bought with:

    Dena Miller, 343696

    Realty Executives Associates

    Source: East Tennessee Realtors,MLS#: 1254600MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Central, Forced Air, Other, Electric
    Cooling
    • Other
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
    Features
    • Walk-In Closet(s), Cathedral Ceiling(s), Eat-in Kitchen
    • Flooring: Laminate, Hardwood, Tile
    • Windows: Storm Window(s)
    • Basement: Crawl Space,Bath/Stubbed
    • Number of fireplaces: 1
    • Fireplace features: Stone, Wood Burning
    Interior area
    • Total structure area: 1,248
    • Total interior livable area: 1,248 sqft

    Property

    Parking
    • Parking features: Off Street, Designated Parking
    Features
    • Has view: Yes
    • View description: Trees/Woods
    • Waterfront features: Creek
    Lot
    • Size: 0.39 Acres
    • Dimensions: 100*185*102*155
    • Features: Wooded, Near Golf Course, Rolling Slope
    Details
    • Parcel number: 095K B 024.00

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage,Cabin
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding, Block, Log
    Condition
    • Year built: 1997

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Gated Community, Smoke Detector(s)
    Location
    • Region: Townsend
    • Subdivision: Fairlight

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $1,100 annually
    • Amenities included: Golf Course, Recreation Facilities
    • Services included: Trash, Security

    Price history

    DateEventPrice
    5/9/2024Sold$495,000-3.9%$397/sqft
    Source: East Tennessee Realtors #1254600 Report a problem
    4/24/2024Pending sale$514,900$413/sqft
    Source: East Tennessee Realtors #1254600 Report a problem
    3/4/2024Listed for sale$514,900+61.9%$413/sqft
    Source: East Tennessee Realtors #1254600 Report a problem
    5/3/2021Sold$318,000+1%$255/sqft
    Source: Public Record Report a problem
    3/7/2021Pending sale$315,000$252/sqft
    Source: Owner Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,092 $68,675
    2023$1,092 +0.2%$68,675 +55.7%
    2022$1,089 $44,100

    Find assessor info on the county website

    Neighborhood: 37882

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Townsend
    • Middle: Heritage
    • High: Heritage

    Source: East Tennessee Realtors. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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