1108 Circle PT Active Save Request In-Person Tour Request Virtual Tour
Gatlinburg,TN 37738
Key Details
Property Type Single Family Home
Sub Type Cabin
Listing Status Active
Purchase Type For Sale
Square Footage 1,520 sqft
Price per Sqft $342
Subdivision Leconte Properties
MLS Listing ID 305460
Style Cabin,Chalet,Cottage
Bedrooms 2
Full Baths 2
Half Baths 1
Year Built 2017
Annual Tax Amount $2,168
Tax Year 2024
Lot Size 0.450 Acres
Property Sub-Type Cabin
Property Description
Attention investors! This property is exclusively available for cash buyers. Currently owned by a bank, all offers are welcome. Experience breathtaking views from this exceptional cabin located in Chalet Village, boasting unobstructed sights of Mount Leconte. The property features 2 bedrooms and 2 and a half baths. It is important to note that the cabin is fully stripped, lacking essentials such as toilets, showers, kitchen amenities, HVAC, and water heater, providing a unique opportunity for customization.
The cabin offers an extraordinary outdoor experience with a beautiful oversized back deck equipped with a 6-person hot tub. Additionally, a covered half deck includes a ceiling fan, and there is side staircase access. Historically, when renovated, this cabin generated over $70,000 in gross rental income, demonstrating its lucrative potential.
Prospective buyers will be pleased to know that a fully refurbished property could be valued at approximately $700,000. This cabin is versatile, suitable for an investment opportunity, a primary residence, a second home, or a vacation rental property. Its prime location enhances its appeal, situated just 5 miles from downtown Gatlinburg, 3.3 miles from the Great Smoky Mountains National Park, and 2.5 miles from Ober Gatlinburg Ski slopes, with Dollywood also nearby.
This is an opportunity not to be missed for those looking to realize their Smoky Mountain dreams.
Location
State TN
County Sevier
Zoning R-1
Interior
Heating None
Cooling None
Flooring Carpet,Laminate
Laundry Laundry Closet
Exterior
Parking Features Common
Garage Spaces 3.0
Community Features Other
Utilities Available Electricity Connected,Water Connected
View Y/N Yes
View Mountain(s)
Roof Type Composition
Building
Lot Description Irregular Lot,Views
Story 2
Sewer Septic Tank
Water Public
Structure Type Block,Frame,Wood Siding
New Construction No
Others
Acceptable Financing 1031 Exchange,Cash
Listing Terms 1031 Exchange,Cash
Special Listing Condition In Foreclosure