2 months on rocket

519 Edgewood Dr, Gatlinburg, TN, 37738

$950,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
2 Full Baths, 1 Partial
2,184 SqFt
$435/SqFt
House

Location

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519 Edgewood Dr, Gatlinburg$950,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDesignated Parking, Main Level
Year Built2020
HeatingCentral, Electric
CoolingCentral Air
BasementYes
FireplaceElectric
MLS #1275597
Lot Size0.43 Acres
StatusActive

About 519 Edgewood Dr

Investment Opportunity: Smoky Mountain Cabin with Proven Rental Success Discover this charming 2-bedroom, 2.5-bathroom cabin nestled in the heart of Gatlinburg, generating an impressive gross rental income of $100,000 per year for the last three years. Built in 2020, this property offers a solid investment for those seeking a reliable rental income stream. While the cabin is in need of updates, its potential shines through with features like three spacious decks that provide stunning views of the surrounding mountains, along with multiple living areas ideal for relaxation and entertainment. Enjoy the cozy ambiance created by the cathedral ceilings and a fireplace in the great room, perfect for creating memorable experiences. The kitchen is equipped with ample cabinet space, granite countertops, and stainless-steel appliances, offering a great foundation for future enhancements. The bathrooms feature custom cabinets and attractive tilework, ready for your personal touch. Conveniently located just minutes from Downtown Gatlinburg, Pigeon Forge, and the Great Smoky Mountains National Park, this cabin is perfectly positioned for both relaxation and adventure. Take advantage of this lucrative investment opportunity and unlock the full potential of this well-performing rental cabin! Contact us today for more information or to schedule a private showing.

Property Details

Property Features

Property Information:

  • Architectural Style: Cabin, Chalet
  • Year Built: 2020
  • Living Area: 2,184 SqFt

Listing Office:

  • Office Name: Keller Williams West Knoxville
  • Office Phone: (865) 966-5005

Interior Features

Interior Information:

  • Appliances: Dishwasher, Microwave, Range, Refrigerator, Washer
  • Basement: Yes
  • Flooring Type: Vinyl
  • Interior: Cathedral Ceiling(s)
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 2
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Exterior: Porch - Covered

Parking Information:

  • Attached Garage: No
  • Parking: Designated Parking, Main Level

Lot Features

Lot Information:

  • Lot: Private
  • Lot Size: 0.43 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

Other

Directions Information:

  • Directions: In Gatlinburg from Spur. Take Wiley Oakly dr. (next to welcome center) To Edgewood Dr on Right.

Price Information

Listing Price Info

Price Summary:

  • List Price: $950,000
  • Price Per SqFt: $435/SqFt

HOA Fees:

  • Amount: $484
  • Frequency: Annually

Tax Information:

  • Annual Amount: $983
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Gatlinburg, TN.

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Gatlinburg, TN

City

Med. Sold Price

$635.7K

Med. Price/SqFt

$400

Avg. Days On Market

89

# of Sold Homes

5

519 Edgewood Dr vs Gatlinburg

69 DAYS ON ROCKET

-20 Days

$950,000

+$314.2K More

$435/SqFt

+$34 More

KEY TAKEAWAY

This property is $314.2K more than the Median Sold Price and $34/SqFt more than other homes in Gatlinburg, TN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: East Tennessee REALTORS® MLS
  • MLS Number: #1275597

Listing Office:

  • Office Name: Keller Williams West Knoxville
  • Office Phone: (865) 966-5005

IDX The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, 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.

Copyright © 2024 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 11:50:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 11, 2020Home Sold
$429,000
Jul 26, 2019Home Sold
$43,000
Apr 15, 2003Home Sold
$207,000

Tax History

YEARPROP. TAXASSESSMENT
2020$983$109,225
2019$220$11,825
2018$220$11,825
2017$900$11,825

History based on county public records data.

Payment Calculator

$4,849

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,915

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-316042
4
/10

  • Pi Beta Phi Elementary School

  • 125 Cherokee Orchard Rd

  • 1.55 miles

  • Public District Grades PK-6

school-card-donut-316043
5
/10

  • Catons Chapel Elementary School

  • 3135 Catons Chapel Rd

  • 6.62 miles

  • Public District Grades PK-6

school-card-donut-316044
5
/10

  • Pittman Center Elementary School

  • 2455 E Parkway

  • 6.90 miles

  • Public District Grades PK-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,375. Typical income of Gatlinburg, TN residents is between $35k-100k annually. Typical family type is married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 519 Edgewood Dr

What is the listing price of this property?

The listing price of 519 Edgewood Dr property is $950,000.

What type of property is this?

The property 519 Edgewood Dr is a house located in Gatlinburg, Tennessee, 37738.

Is this property for sale now?

Active Listing: 519 Edgewood Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $983 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 11, 2020 for $429,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 519 Edgewood Dr has 2 bedrooms and 2 full and 1 half bathrooms.

What is the square footage of this property?

The property 519 Edgewood Dr is 2,184 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 519 Edgewood Dr is 2020.

Rocket Homes›Tennessee›Sevier County›Gatlinburg›37738›519 Edgewood Dr

This home is located at 519 Edgewood Dr in Gatlinburg, TN and zip code 37738. This 2,184 square foot home, which was built in 2020, sits on a 0.43 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 06, 2024 and is currently priced at $950,000.

While more than 1 listings in Gatlinburg, TN in October 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 4 were sold below. The inventory of homes for sale in Gatlinburg, TN between September 2024 and October 2024 increased by 11%. While the average time on the market in October 2024 was 89 days, the median list price was $635,715.

From Rocket Homes Real Estate and based on county public records data.

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