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  • $615,000

    123 Cutter Gap Rd, Townsend, TN 37882

    2beds
    1,520sqft
    : 
    Single Family Residence, Residential
    Built in 1973
    0.38 Acres Lot
    $-- Zestimate®
    $405/sqft
    $92/mo HOA

    What's special

    Sold fully furnishedBeautifully renovated propertySmart two-level layoutWarm inviting spaceHigh-end finishes
    Welcome to your perfect mountain getaway in the heart of Townsend, also known as the ''Peaceful Side of the Smokies.'' This beautifully renovated property offers the ideal blend of personal retreat and short-term rental investment. Originally purchased as a second home, the current owner completed a full renovation with no detail overlooked, incorporating high-end finishes and thoughtful design throughout the property. The result is a warm, inviting space that feels both elevated and comfortable. One of the standout features of the home is the stunning exposed brick fireplaces on both the upper and lower levels, adding timeless character and cozy ambiance year-round. The smart two-level layout includes a bedroom and full bathroom on each floor, offering excellent separation and privacy for guests or rental groups. With the addition of sleeper sofas, the home comfortably accommodates up to eight guests, making it a fantastic option for family vacations, friend groups, or rental income potential. The property is being sold fully furnished, with only a few personal décor items excluded, allowing for a seamless and truly turnkey experience. Whether you plan to enjoy it as your own mountain escape or begin generating rental income right away, everything is already in place. Located in one of the few areas of Townsend that allows short-term rentals, the location is exceptional. You're just minutes from scenic hiking trails, the Little River, local restaurants and shops, and easy access to the Great Smoky Mountains National Park. If you've been searching for a charming Smoky Mountain retreat with strong STR potential in a peaceful setting, this property offers the perfect combination of location, quality, and investment opportunity.
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    Zillow last checked: 7 hours ago

    Listing updated: April 06, 2026 at 03:31pm

    Listing Provided by:

    Courtney McGhee 865-567-6961,

    Keller Williams 865-977-0770

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3149932MLS Logo

    Tour with a local agent

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Kitchen
      • Features: Pantry
      • Level: Pantry
      Other
      • Features: Utility Room
      • Level: Utility Room
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
      • Laundry: Washer Hookup, Electric Dryer Hookup
      Features
      • Pantry
      • Flooring: Tile
      • Basement: Finished,Exterior Entry,Other
      • Number of fireplaces: 2
      Interior area
      • Total structure area: 1,520
      • Total interior livable area: 1,520 sqft
      • Finished area above ground: 760
      • Finished area below ground: 760

      Property

      Features
      • Levels: Two
      • Patio & porch: Patio, Porch, Covered
      • Exterior features: Balcony
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 0.38 Acres
      • Dimensions: 72 x 225 IRR
      • Features: Wooded, Rolling Slope
      • Topography: Wooded,Rolling Slope
      Details
      • Parcel number: 095K B 02200 000
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Traditional
      • Property subtype: Single Family Residence, Residential
      Materials
      • Frame, Other, Brick
      Condition
      • New construction: No
      • Year built: 1973

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public
      • Utilities for property: Electricity Available, Water Available

      Community & HOA

      Community
      • Subdivision: Fairlight
      HOA
      • Has HOA: Yes
      • HOA fee: $1,100 annually
      Location
      • Region: Townsend

      Financial & listing details

      • Price per square foot: $405/sqft
      • Tax assessed value: $37,500
      • Annual tax amount: $1,255
      • Date on market: 3/16/2026
      • Electric utility on property: Yes
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        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        Price history
        DateEventPrice
        3/16/2026Listed for sale$615,000$405/sqft
        Source: East Tennessee Realtors #1332901 Report a problem
        3/1/2026Listing removed$615,000$405/sqft
        Source: East Tennessee Realtors #1314001 Report a problem
        10/9/2025Price change$615,000-1.6%$405/sqft
        Source: East Tennessee Realtors #1314001 Report a problem
        9/2/2025Listed for sale$625,000+172%$411/sqft
        Source: East Tennessee Realtors #1314001 Report a problem
        10/8/2020Sold$229,750-9.9%$151/sqft
        Source: East Tennessee Realtors #1086950 Report a problem
        9/21/2020Pending sale$255,000$168/sqft
        Source: Holli McCray Home Marketing Group Keller Williams #1086950 Report a problem
        9/2/2020Price change$255,000-1.9%$168/sqft
        Source: Holli McCray Home Marketing Group Keller Williams #1086950 Report a problem
        7/11/2020Price change$260,000-3.3%$171/sqft
        Source: Holli McCray Home Marketing Group Keller Williams #1086950 Report a problem
        5/19/2020Price change$269,000-0.4%$177/sqft
        Source: Holli McCray Home Marketing Group Keller Williams #1086950 Report a problem
        2/7/2020Price change$270,000-1.5%$178/sqft
        Source: Keller Williams Realty Knoxville-West #1086950 Report a problem
        11/14/2019Price change$274,000-0.2%$180/sqft
        Source: Keller Williams Realty Knoxville-West #1086950 Report a problem
        8/27/2019Price change$274,500-0.2%$181/sqft
        Source: Keller Williams Realty Knoxville-West #1086950 Report a problem
        7/11/2019Listed for sale$275,000+727.1%$181/sqft
        Source: Keller Williams Realty Knoxville-West #1086950 Report a problem
        9/7/2001Sold$33,250+33%$22/sqft
        Source: Public Record Report a problem
        1/28/1997Sold$25,000$16/sqft
        Source: Public Record Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2025$149 $9,375
        2024$149 $9,375
        2023$149 -34.4%$9,375 +1.9%
        2022$227 $9,200
        2021$227 $9,200
        2020$227 $9,200
        2019$227 -1.9%$9,200 -1.9%
        2018$232 +2%$9,375
        2017$227 $9,375
        2016$227 +12.6%$9,375
        2015$202 $9,375
        2014-- $9,375 -3.8%
        2013$210 +0.2%$9,750
        2011$210 +5.4%$9,750
        2010$199 $9,750
        2009-- $9,750
        2008$217 $9,750
        2007$217 +2.3%$9,750
        2006$213 -10.3%$9,750
        2005$237 +60.3%$9,750 +41.8%
        2004$148 $6,875
        2002$148 $6,875
        2001-- $6,875 -75%
        2000-- $27,500

        Find assessor info on the county website

        Monthly payment

        Est. payment
        $3,268/mo
        Principal & interest
        $2956
        Property taxes
        $220
        HOA Fees
        $92
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          Climate risks

          Neighborhood: 37882

          Getting around

          1 / 100
          Car-Dependent
          1 / 100
          Somewhat Bikeable

          Nearby schools

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

          Source: RealTracs MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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