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  • $565,000

    123 Cutter Gap Rd, Townsend, TN 37882

    2beds
    1,520sqft
    : 
    $3,590/mo
    Get pre-qualified
    Single Family Residence
    Built in 1973
    0.38 Acres Lot
    $-- Zestimate®
    $372/sqft
    $92/mo HOA

    What's special

    Offered fully furnishedTwo-level layoutBeautifully renovated homeCozy gathering spacesHigh-end finishesThoughtful design throughout
    Your Smoky Mountain escape starts here! Located in the heart of Townsend, known as the ''Peaceful Side of the Smokies,'' this beautifully renovated home offers an inviting place to unwind with the flexibility to enjoy it as a personal retreat, short-term rental, or both. Purchased by the current owner as a second home, the property underwent a full renovation featuring high-end finishes and thoughtful design throughout. Every space brings together comfort, style, and the warm character that makes a mountain getaway feel special. Exposed brick fireplaces on both the upper and lower levels create cozy gathering spaces and add timeless charm. A bedroom and full bathroom on each floor provide privacy and separation, making the two-level layout especially appealing for families, friends, and rental guests. With the addition of sleeper sofas, the home comfortably accommodates up to eight guests. Offered fully furnished, with only a few personal décor items excluded, this property makes getting settled easy. Whether you're planning your next mountain weekend or preparing to welcome rental guests, the furnishings are already in place. The location adds even more appeal. Situated in one of the few areas of Townsend that permits short-term rentals, the home is just minutes from scenic hiking trails, the Little River, local restaurants, and shops, with easy access to Great Smoky Mountains National Park. Beautifully updated, full of character, and ready to enjoy, this Townsend retreat brings together peaceful mountain living and short-term rental potential. Come see where your next chapter in the Smokies could begin!
    8 days
    396
    35

    Zillow last checked:

    Listing updated:

    Listed by:

    Courtney McGhee 865-567-6961,

    Keller Williams 865-977-0770

    Source: East Tennessee Realtors,MLS#: 1357759MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 2
      • Bathrooms: 2
      • Full bathrooms: 2
      Heating
      • Central, Electric
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
      Features
      • Pantry
      • Flooring: Tile
      • Basement: Walk-Out Access,Finished,Bath/Stubbed
      • Number of fireplaces: 2
      • Fireplace features: Brick, Wood Burning
      Interior area
      • Total structure area: 1,520
      • Total interior livable area: 1,520 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Off Street, Designated Parking
      Features
      • Exterior features: Balcony
      • Has view: Yes
      • View description: Mountain(s), Trees/Woods
      Lot
      • Size: 0.38 Acres
      • Features: Wooded, Rolling Slope
      Details
      • Parcel number: 095K B 022.00

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cabin,Traditional
      • Property subtype: Single Family Residence
      Materials
      • Wood Siding, Brick, Frame
      Condition
      • Year built: 1973

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Public

      Community & HOA

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

      Financial & listing details

      • Price per square foot: $372/sqft
      • Tax assessed value: $37,500
      • Annual tax amount: $149
      • Date on market: 10/3/2026

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        10/3/2026Listed for sale$565,000-8.1%$372/sqft
        Source: East Tennessee Realtors #1357759 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

        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

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
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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
        • 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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