520 Otter Run Way, Gatlinburg, TN 37738

$1,900,000
Property Type: Single Family Bedrooms: 5 Square Footage: 4,186 Lot Size (sq. ft.): 60,548 Status: Closed
Current Price: $1,900,000 List Date: 6/10/2022 Last Modified: 9/22/2022

Description

PRIVATE MOUNTAIN ESTATE! UPDATE: July 2022 Gross Overnight Rental Revenue $33,000!! This majestic custom home boasts 4186 square feet of open floor plan with 5 large bedrooms, each with it's own private bath, plus a built-out bunk room. Perched on a shelf overlooking the sweeping watershed of Norton Creek, this home offers stunning views in all seasons. The main level great room is full of character with exposed post and beam details, an open gourmet kitchen (granite counter tops), 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 a spacious his and hers luxury bath. The lower level consists of four guest suites, a bunk room, second

Supplements: deck and a fabulous ''treehouse'' gazebo with a wood burning fireplace and brand new hot tub overlooking the sweeping mountain and valley views. Gaze at the stars as you listen to Norton Creek below on sultry summer nights. The detached two car garage has been finished as a Rec Room/Media Room. This exquisite home would make a great short term rental, as it sleeps 16 comfortably and is offered completely furnished with all fixtures, decor and appliances. A totally private, end of cul-de-sac location makes it the perfect Mountain Get-Away. Home is currently an Overnight Vacation Rental and is a very lucrative investment. (UPDATE: July, 2022 Gross Rental Revenue $33,000)The Estates at Norton Creek is a unique mountain development of superb quality with underground utilities and a gated entrance. It boasts a stunning setting that begins with the entrance along beautiful Norton Creek off the Foothills Parkway between Pigeon Forge and Gatlinburg. This area offers easy access to Gatlinburg, Pigeon Forge and the Great Smoky Mountains National Park as well. Call today for your private showing!

More Information MLS# 1194791

Contract Info

Auction Y/N: No Occupancy: Either Sold Price: $1,900,000 Current Price: $1,900,000 Status: Closed Listing Contract Date: 2022-06-10

Location, Tax & Legal Info

Area: Sevier County - 27 Property Sub-Type: Residential City/County Code: County Total Tax: 3993.42

General Property Description

Type: Basement Ranch # Bedrooms: 5 Acres: 1.39 Acre Source: Tax Records # of Rooms: 12 Restrictions: Yes Site Built: Yes Fireplace: Yes HOA Fee: 2000 HOA Freq: Yearly HOA Contact: Estates at Norton Creek HOA - 865-409-1410 Property Status: N/A SqFt - Main Lvl: 1752 SqFt - Down Lvl: 1752 SqFt - 2nd Flr Lvl: 1725 SqFt - 3rd Flr Lvl: 682 # Fireplace: 3 HOA: Mandatory Basement: Yes Bonus Room: Yes Extra Storage: Yes Living Area: 4186 Bathrooms Full: 5 Bathrooms Half: 1 Year Built: 2008

Remarks & Misc

Directions: Travelling toward Gatlinburg from traffic light #10 in Pigeon Forge - go 3.4 miles and turn right on Cove Mountain Rd with an immediate left onto Norton Creek Rd. Go 2 miles (pass through Estates at Norton Creek gate) and right on Vasey Tillium Way (also Margit Worsham Way). Go 0.4 miles and right on Otter Run Way. Home is at the end of the cul de sac. Public Remarks: PRIVATE MOUNTAIN ESTATE! UPDATE: July 2022 Gross Overnight Rental Revenue $33,000!! This majestic custom home boasts 4186 square feet of open floor plan with 5 large bedrooms, each with it's own private bath, plus a built-out bunk room. Perched on a shelf overlooking the sweeping watershed of Norton Creek, this home offers stunning views in all seasons. The main level great room is full of character with exposed post and beam details, an open gourmet kitchen (granite counter tops), 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 a spacious his and hers luxury bath. The lower level consists of four guest suites, a bunk room, second

Atchd/Dtchd Type

Detached: 1

Style

Chalet: 1 Craftsman: 1 Traditional: 1

Construction

Frame: 1

Siding

Stone: 1 Other: 1

Fireplace

Gas Log: 1 Stone: 1 Wood Burning: 1

Cooling

Ceiling Fan(s): 1 Central Cooling: 1 Zoned: 1

Floors

Carpet: 1 Hardwood: 1 Tile: 1

Garage/Parking

Detached: 1 Off-Street Parking: 1 None: 1

Basement

Finished: 1 Walkout: 1

Lot Description

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

Fuel

Electric: 1 Propane: 1

View

Country Setting: 1 Mountain View: 1 Wooded: 1

Heat

Heat Pump: 1 Zoned: 1

Community Amenities

Gated Community: 1

Dining Area

Breakfast Room: 1

Appliances

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

Other Rooms

2nd Rec Room: 1 Basement Rec Room: 1 Bedroom Main Level: 1 Breakfast Room: 1 Den/Study: 1 Extra Storage: 1 Great Room: 1 Laundry/Utility: 1 Mstr Bdrm Main Level: 1 Split Bedroom: 1

Exterior Features

Balcony: 1 Deck: 1 Doors - Energy Star: 1 Porch - Covered: 1 Prof Landscaped: 1 Windows - Insulated: 1

Misc Features

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

Sewer

Public Sewer: 1

Water

Private: 1

New Financing

Cash: 1 Conventional: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

Street Number: 520 Street Name: Otter Run Street Suffix: Way State: TN Zip Code: 37738 Parcel Number: 125 011.57 Subdivision Name: Estates At Norton Creek

Status Change Info

Status Change Timestamp: 2022-09-22 Purchase Contract Date: 2022-08-20 Close Date: 2022-09-16 Close Price: 1900000

Property Features

Style: Chalet; Craftsman; Traditional Construction: Frame Siding: Stone; Other Basement: Finished; Walkout Lot Description: Cul-De-Sac; Irregular Lot; Private; Rolling Slope; Wooded View: Country Setting; Mountain View; Wooded Fireplace: Gas Log; Stone; Wood Burning Floors: Carpet; Hardwood; Tile Fuel: Electric Heat: Zoned Cooling: Ceiling Fan(s); Central Cooling; Zoned Appliances: Dishwasher; Disposal; Dryer; Gas Stove; Microwave; Range; Refrigerator; Self Cleaning Oven; Smoke Detector; Washer Sewer: Public Sewer Water: Private Other Rooms: 2nd Rec Room; Basement Rec Room; Bedroom Main Level; Breakfast Room; Great Room; Mstr Bdrm Main Level; Split Bedroom Misc Features: Internet Available; Walk-in Shower; Wet Bar; Whirlpool Tub; Wired for Internet Exterior Features: Balcony; Deck; Doors - Energy Star; Porch - Covered; Prof Landscaped; Windows - Insulated Community Amenities: Gated Community Showing: See Agent Instructns New Financing: Conventional
Listing Office: WindRiver Properties
Office Phone: 865-988-1864
Last Updated: September - 22 - 2022
520 Otter Run Way, Gatlinburg, TN 37738- MLS# 1194791
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