4 months on rocket

708 Octagon Dr, Gatlinburg, TN, 37738

$859,900

Home List Price

$10,000*

Closing Credit

2 Bedrooms
3 Full Baths
1,561 SqFt
$551/SqFt
House

Location

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708 Octagon Dr, Gatlinburg$859,900

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeResidential
ParkingDesignated Parking, Off-Street Parking
Year Built1987
HeatingCentral, Electric
CoolingCentral Air, Ceiling Fan(s)
BasementYes
FireplaceElectric
ViewMountain(s)
MLS #1266240
Lot Size0.01 Acres
StatusActive

About 708 Octagon Dr

Nestled in the heart of Gatlinburg, this stunning octagon shaped cabin offers an unparalleled opportunity for both homeownership and investment. This exquisite cabin, recently fully remodeled, stands as a testament to quality craftsmanship and thoughtful design, ensuring a comfortable and luxurious living experience. Property Features Located in desired Blue Ridge Mountain Resort, this home boasts a unique architectural design that harmonizes with the natural beauty of the Smoky Mountains. The property features spacious living areas, high ceilings, and an abundance of natural light, creating an inviting and comfortable atmosphere. The interior is tastefully appointed with modern amenities and finishes, ensuring a luxurious living experience. Investment Potential Gatlinburg is renowned for its vibrant tourism industry, attracting millions of visitors annually who come to explore the Great Smoky Mountains National Park, enjoy the lively downtown area, and partake in a variety of outdoor activities. This steady influx of tourists makes this property an ideal candidate for an overnight rental income property. Sort Term Rental Income As an overnight rental, this property offers significant income potential. The home's location provides easy access to popular attractions, dining, and entertainment options, making it highly desirable for short-term renters. The picturesque views and proximity to nature trails and outdoor adventures further enhance its appeal to vacationers seeking a memorable stay. Key Highlights Prime Location: Situated in a sought-after area of Gatlinburg, close to major tourist attractions and amenities. Modern Amenities: Equipped with state-of-the-art appliances, comfortable furnishings, and high-speed internet. Scenic Views: Stunning vistas of the Smoky Mountains, providing a serene and captivating backdrop. Outdoor Spaces: Ample outdoor areas for relaxation and recreation, including a spacious deck with gas fire pit. Tourist Attraction Proximity: Minutes away from the Great Smoky Mountains National Park, Ober Gatlinburg, and the bustling downtown area. Investing in this property is not just about acquiring a beautiful home; it's about capitalizing on the robust tourism market of Gatlinburg, TN. Whether you envision it as a permanent residence or a lucrative Airbnb/VRBO rental, this property offers the best of both worlds. Seize the opportunity to own a piece of this thriving community and enjoy the financial benefits of an income-generating rental property in one of Tennessee's most popular tourist destinations. For more information on how to make this dream a reality, or to schedule a viewing, please contact us at your earliest convenience. Buyer to verify all information.

Property Details

Property Features

Property Information:

  • Architectural Style: Cabin
  • Year Built: 1987
  • Living Area: 1,561 SqFt

Listing Office:

  • Office Name: United Real Estate Solutions
  • Office Phone: (865) 444-2400

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
  • Basement: Yes
  • Flooring Type: Laminate, Vinyl
  • Interior: Cathedral Ceiling(s), Eat-in Kitchen
  • Fireplace: Electric

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • View: Mountain(s)
  • Exterior: Porch - Covered, Deck

Parking Information:

  • Attached Garage: No
  • Parking: Designated Parking, Off-Street Parking

Lot Features

Lot Information:

  • Lot: Wooded, Rolling/Hilly
  • Lot Size: 0.01 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air, Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Gatlinburg Pittman High School, Public District Grades 9-12
  • Pigeon Forge High School, Public District Grades 9-12
  • Sevier County High School, Public District Grades 9-12
  • Pi Beta Phi Elementary School, Public District Grades KG-8
  • Catons Chapel Elementary School, Public District Grades PK-8
  • Pittman Center Elementary School, Public District Grades PK-8
  • Pigeon Forge Primary School, Public District Grades PK-4
  • Sevierville Intermediate School, Public District Grades 3-5
  • Catlettsburg Elementary School, Public District Grades KG-6

Other

Directions Information:

  • Directions: From Gatlinburg turn onto Hwy 321N East Parkway. Turn left onto Ridge Rd. Turn right onto Cartertown Rd. Go 1.1 miles turn left onto E Foothills Dr. Follow E. Foothills Dr. and turn right on Octagon Dr. Follow to property on left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $859,900
  • Price Per SqFt: $551/SqFt

HOA Fees:

  • Amount: $240
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $570
  • 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

$627.6K

Med. Price/SqFt

$396

Avg. Days On Market

105

# of Sold Homes

11

708 Octagon Dr vs Gatlinburg

140 DAYS ON ROCKET

+35 Days

$859,900

+$232.2K More

$551/SqFt

+$155 More

KEY TAKEAWAY

This property is $232.2K more than the Median Sold Price and $155/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: #1266240

Listing Office:

  • Office Name: United Real Estate Solutions
  • Office Phone: (865) 444-2400

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: 11/1/2024, 12:50:55 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$570$50,125
2018$570$30,625

History based on county public records data.

Payment Calculator

$4,599

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,645

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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.

Elementary School

school-card-donut-983581
3
/10

  • Pigeon Forge Primary School

  • 1766 Waldens Creek Rd

  • 8.69 miles

  • Public District Grades PK-4

school-card-donut-983582
2
/10

  • Sevierville Intermediate School

  • 416 High St

  • 9.14 miles

  • Public District Grades 3-5

school-card-donut-983583
5
/10

  • Catlettsburg Elementary School

  • 1409 Catlettsburg Rd

  • 12.47 miles

  • Public District Grades KG-6

Middle School

school-card-donut-983584
4
/10

  • Pi Beta Phi Elementary School

  • 125 Cherokee Orchard Rd

  • 2.70 miles

  • Public District Grades KG-8

school-card-donut-983585
5
/10

  • Catons Chapel Elementary School

  • 3135 Catons Chapel Rd

  • 4.38 miles

  • Public District Grades PK-8

school-card-donut-983586
5
/10

  • Pittman Center Elementary School

  • 2455 East Pw

  • 5.20 miles

  • Public District Grades PK-8

High School

school-card-donut-983587
7
/10

  • Gatlinburg Pittman High School

  • 150 Proffitt Rd

  • 2.20 miles

  • Public District Grades 9-12

school-card-donut-983588
5
/10

  • Pigeon Forge High School

  • 414 Tiger Dr

  • 7.06 miles

  • Public District Grades 9-12

school-card-donut-983589
5
/10

  • Sevier County High School

  • 1200 Dolly Parton Pkwy

  • 8.73 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,006. Residents of Gatlinburg, TN typically earn between $35k-100k each year. Most families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 708 Octagon Dr

What is the listing price of this property?

The listing price of 708 Octagon Dr property is $859,900.

What type of property is this?

The property 708 Octagon Dr is a house located in Gatlinburg, Tennessee, 37738.

Is this property for sale now?

Active Listing: 708 Octagon Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 708 Octagon Dr are:
Pigeon Forge Primary School: GreatSchools Rating 3/10
Sevierville Intermediate School: GreatSchools Rating 2/10
Catlettsburg Elementary School: GreatSchools Rating 5/10
Pi Beta Phi Elementary School: GreatSchools Rating 4/10
Catons Chapel Elementary School: GreatSchools Rating 5/10
Pittman Center Elementary School: GreatSchools Rating 5/10
Gatlinburg Pittman High School: GreatSchools Rating 7/10
Pigeon Forge High School: GreatSchools Rating 5/10
Sevier County High School: GreatSchools Rating 5/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $570 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 708 Octagon Dr has 2 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 708 Octagon Dr is 1,561 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 708 Octagon Dr is 1987.

Rocket Homes›Tennessee›Sevier County›Gatlinburg›37738›708 Octagon Dr

This home is located at 708 Octagon Dr in Gatlinburg, TN and zip code 37738. This 1,561 square foot home, which was built in 1987, sits on a 0.01 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 13, 2024 and is currently priced at $859,900.

Over 0 listings were sold over their listed price in September 2024 in Gatlinburg, TN. In the same period over 11 listings were sold below the listed price and 0 listings were sold for the listed price. The inventory of homes for sale in Gatlinburg, TN between August 2024 and September 2024 increased by 8%. In September 2024 median list price was $627,666 and the average listing age was 105 days.

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

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