520 Otter Run Way, Gatlinburg, TN 37738

$1,490,000
Property Type: Single Family Bedrooms: 3 Square Footage: 3,592 Lot Size (sq. ft.): 60,548 Status: Closed
Current Price: $1,490,000 List Date: 8/31/2021 Last Modified: 2/23/2023

Description

First, lets start with the most important part - location. The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It started life as part of a private 3,000+ acre ranch and is the only portion of that large, private holding to be developed. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. Use of the world class fly fishing stream is reserved for residents and their guests, along with the charming creek side owner's pavilion. This home was built by Denark Construction, of Knoxville, TN and is of high quality. It was designed by Johnson's Architecture and as such displays their unique skill for creating timeless

Supplements: design with materials of perennial beauty. Note how well the home is fashioned into the site, complete with a detached garage along with ample parking and a proper turn-around space. The home is perched on a shelf overlooking the sweeping watershed of Norton Creek, striking in all seasons. Built on a slab, you'll not need to worry over a moldy or settling mountain side crawl space. The great room is full of character with exposed post and beam details, an open kitchen, with one of three massive stone fireplaces (wood burning or gas), breakfast nook and deck access. The entry level also features a half bath, coat closet, laundry room and master bedroom with an awesome his and her bath. The lower level consists of three guest suites, a mechanical room, den/game room with fireplace, a second deck and a fabulous "treehouse" gazebo with a wood burning fireplace overlooking the sweeping mountain and valley views, you can also hear flowing Norton Creek below. Outdoor features abound with multiple decks, a mountain stone entry patio and of course the majestic treehouse. The detached two car garage is finished with the same quality as the home. It would make a great guest suite or could be used for additional amenities to generate maximum return for use as a short term rental, such as the addition of a swim spa with roll up glass garage doors. The ceilings of the garage are high enough and finished with windows so that a loft could also be added above the swim spa. Enhancements such as these could push the gross rental income well over $200k/year. A totally private, end of cul-de-sac location makes it even more desirable. This area offers easy access to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park as well.

More Information MLS# 1166002

Contract Info

Auction Y/N: No Occupancy: Either Listing Price: 1495000 Current Price: $1,490,000 Status: Closed Listing Date: 2021-08-31

Location, Tax & Legal Info

Area: Sevier County - 27 Property Sub-Type: Residential City/County Code: County Elementary School: Pi Beta Phi Middle School: Pi Beta Phi Total Tax: 3993.42 High School: Gatlinburg Pittman

General Property Description

Type: 2 Story # Bedrooms: 3 Lot Dimensions: N/A Lot Size SqFt: 60548 Acres: 1.39 Acre Source: Tax Records # of Rooms: 13 Restrictions: Yes Site Built: Yes Fireplace: Yes HOA Fee: 2000 HOA Freq: Yearly HOA Contact: Norton Creek - (865) 988-1864 Property Status: N/A SqFt - Main Lvl: 1796 SqFt - Down Lvl: 1796 SqFt - 2nd Flr Lvl: 0 SqFt - 3rd Flr Lvl: 0 # Fireplace: 3 HOA: Mandatory Basement: Yes Bonus Room: No Extra Storage: Yes SqFt - Total (Aprox): 3592 Baths - Full: 4 Baths - 1/2: 1 Year Built: 2008

Remarks & Misc

Directions: From U.S. Hwy. 441 (the ''Spur), heading from Pigeon Forge to Gatlinburg, turn right onto Norton Creek Road, & then stay left to continue on Norton Creek Road for approx. 4 mi., to a sharp right onto Margit Worsham Way. Continue on Margit Worsham Way for approx. 1 mi., & then turn right onto Otter Run Way. Follow Otter Run Way all the way to the end of the road, & then make a left onto a private drive (see sign), to the property, which is at the end of the drive. Property is located at 520 Otter Run Way, Gatlinburg, TN 37738. Public Remarks: First, lets start with the most important part - location. The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It started life as part of a private 3,000+ acre ranch and is the only portion of that large, private holding to be developed. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. Use of the world class fly fishing stream is reserved for residents and their guests, along with the charming creek side owner's pavilion. This home was built by Denark Construction, of Knoxville, TN and is of high quality. It was designed by Johnson's Architecture and as such displays their unique skill for creating timeless

Atchd/Dtchd Type

Detached: 1

Style

Chalet: 1 Craftsman: 1 Other: 1

Construction

Frame: 1 Masonry: 1

Siding

Fiber Cement: 1 Stone: 1

Fireplace

Gas Log: 1 Masonry: 1 Wood Burning: 1 Gas: 1

Cooling

Ceiling Fan(s): 1 Zoned: 1

Floors

Carpet: 1 Hardwood: 1 Tile: 1

Garage/Parking

Detached: 1 Garage Door Opener: 1 Main Level: 1 Off-Street Parking: 1

Basement

Finished: 1 Slab: 1 Walkout: 1

Lot Description

Cul-De-Sac: 1 Irregular Lot: 1 Private: 1 Rolling Slope: 1 Wooded: 1

Fuel

Electric: 1

View

Mountain View: 1 Wooded: 1

Heat

Heat Pump: 1

Community Amenities

Architect Restricted: 1 Club House: 1 Gated Community: 1 Other - See Remarks: 1

Dining Area

Eat-in Kitchen: 1 Kitchen/Dining Rm Co: 1

Appliances

Central Vacuum: 1 Dishwasher: 1 Disposal: 1 Dryer: 1 Gas Stove: 1 Microwave: 1 Range: 1 Refrigerator: 1 Security Alarm: 1 Self Cleaning Oven: 1 Smoke Detector: 1 Washer: 1

Other Rooms

Basement Rec Room: 1 Den/Study: 1 Extra Storage: 1 Family Room: 1 Great Room: 1 Laundry/Utility: 1 Mstr Bdrm Main Level: 1

Exterior Features

Deck: 1 Patio: 1 Porch - Covered: 1 Windows - Insulated: 1

Misc Features

Cathedral Ceiling(s): 1 Kitchen Island: 1 Walk-in Shower: 1 Walk-In Closet(s): 1 Washer/Dryer Connect: 1 Wet Bar: 1 Whirlpool Tub: 1

Sewer

Septic Tank: 1 Other: 1

Water

Well: 1

Association Fee Incl

All Amenities: 1 Association Ins: 1 Other: 1

New Financing

Cash: 1 Conventional: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 520 Street Name: Otter Run St Suffix: Way State/Province: TN Zip Code: 37738 PIN #: 125 * 011.57 Subdivision: Estates at Norton Creek Geo Lat: 35.727367 Geo Lon: -83.548561

Status Change Info

Status Change Date: 2021-10-18 Under Contract Date: 2021-09-05 Sold Date: 2021-10-18 Sold Price: $1,490,000

Property Features

Style: Chalet; Craftsman; Other Construction: Frame; Masonry Siding: Fiber Cement; Stone Basement: Finished; Slab; Walkout Lot Description: Cul-De-Sac; Irregular Lot; Private; Rolling Slope; Wooded View: Mountain View; Wooded Fireplace: Gas Log; Masonry; Wood Burning; Gas Floors: Carpet; Hardwood; Tile Fuel: Electric Heat: Heat Pump Cooling: Ceiling Fan(s); Zoned Appliances: Central Vacuum; Dishwasher; Disposal; Dryer; Gas Stove; Microwave; Range; Refrigerator; Security Alarm; Self Cleaning Oven; Smoke Detector; Washer Sewer: Septic Tank; Other Water: Well Other Rooms: Basement Rec Room; Den/Study; Extra Storage; Family Room; Great Room; Laundry/Utility; Mstr Bdrm Main Level Misc Features: Cathedral Ceiling(s); Kitchen Island; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Wet Bar; Whirlpool Tub Exterior Features: Deck; Patio; Porch - Covered; Windows - Insulated Dining Area: Eat-in Kitchen; Kitchen/Dining Rm Co Community Amenities: Architect Restricted; Club House; Gated Community; Other - See Remarks Association Fee Incl: All Amenities; Association Ins; Other Showing: See Agent Instructns New Financing: Cash; Conventional

Room Information

Master Bedroom Bedroom 2 Bedroom 3 Bedroom 4 Living Room Kitchen Utility Room Great Room Bathroom Bathroom Bathroom Bathroom Bathroom
Listing Office: Century 21 Legacy
Office Phone: 877-678-2121
Last Updated: February - 23 - 2023
520 Otter Run Way, Gatlinburg, TN 37738- MLS# 1166002
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.