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515 Patterson Lane Gatlinburg, TN 37738
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Key Details
Sold Price $625,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,158 sqft
Price per Sqft $539
Subdivision Stevens-Cole Pud
MLS Listing ID 2870505
Sold Date 10/06/23
Bedrooms 2
Full Baths 2
Year Built 1993
Annual Tax Amount $863
Lot Size 1,742 Sqft
Acres 0.04
Property Sub-Type Single Family Residence
Property Description
PRICE DROP! Here are the highlights! 5 mins from Downtown Gatlinburg. Beautiful VIEWS! NEW roof, HVAC, water heater, major kitchen appliances, and crawlspace encapsulation! $65k projected income! Smart home technology! Location, Location, Location! ~~ Welcome to The Red Bird's Nest, a beautiful 2 bdrm, 2 bath cabin with amazing views of Mt. LeConte, Clingmans Dome, and the north range of the Smokies. Located in the sought after Glades area in the heart of the Arts & Crafts District of Gatlinburg. It's just minutes from downtown Gatlinburg, Dollywood, and Pigeon Forge attractions and a 2-minute drive or short walk to Mills Park, the Gatlinburg Community Center, and Rocky Top Sports complex. ~~ Profitable with room to grow! ~~ The current owners have built a 5-star reputation for Red Birds Nest and are ready to retire. This presents a great opportunity for someone looking for a lucrative investment. It is a highly profitable turnkey rental cabin with room to generate even more income. Past revenue numbers are based on a schedule shared with friends and family (free of charge), and a 5-person capacity. Just add a sleeper sofa to accommodate 7 guests and open the calendar. The bookings will roll in! There's nothing to do but take over operations and reap the rewards. ~~ Completely updated! ~~ Nearly every major appliance is new, and all the big-ticket systems have been replaced in the last ~2 years. This includes a new kitchen with granite countertops, new stainless-steel appliances, oversized HVAC, metal roof in 2023, interior and exterior paint, on demand hot water heater, crawlspace wrapping with dehumidifier, reverse osmosis system, all new quality interior doors, and added foundation supports. You should not have to replace or repair anything for many years! ~~ Comfort and Style! ~~ With 1,158 sq ft of beautifully appointed and decorated open floor plan living space. You'll love all the modern touches and automation while preserving the cozy cottage feel.
Location
State TN
County Sevier County
Interior
Interior Features Primary Bedroom Main Floor
Heating Electric, Heat Pump
Cooling Central Air
Flooring Carpet, Wood, Laminate, Tile
Fireplaces Number 1
Fireplace Y
Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Oven, Washer
Exterior
Exterior Feature Gas Grill
View Y/N true
View Mountain(s)
Private Pool false
Building
Lot Description Cul-De-Sac, Private, Wooded, Other, Rolling Slope
Story 2
Structure Type Frame,Other
New Construction false
Schools
Elementary Schools Pittman Center Elementary
Middle Schools Pigeon Forge Junior High School
High Schools Gatlinburg Pittman High
Others
Senior Community false
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