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    137 Spruce Lane

    Gatlinburg, TN 37738
    • $499,000
    • STATUS: Active Under Contract
    • ON SITE: 876 days
    • ID#: 219850
    Under Contract
    UPDATED: 68 min ago
    $499,000
    • 0
      BEDS
    • 3.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,403
      SQFT
    • $208
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:
    Area:

    School Ratings & Info

    Listing courtesy of Nai Koella | Rm Moore.


    Description

    This 3.1-acre property is improved with three older occupied houses (1456, 580, and 367 sq.ft.) that have only limited rental potential due to their age and condition. House #1, built in 1920, is a 2-story with 2 BD up, 2 BD down, 1 BA, and gas heat. House #2, built in 1930, is 1 BD/1 BA with space heaters. House #3, built in 1920, is 1 BD/1 BA with space heaters. No rental information is available. The property is located a short distance off East Parkway (US 321) within the city limits of Gatlinburg. It fronts a rushing mountain creek and is accessed via a small one-lane bridge. The TN Dept. of Transportation has fully funded a bridge renovation, with engineering planning now underway. Redevelopment with cabin(s) or multifamily dwellings is probably the highest and best use of this property, but it will be limited until the bridge work has been completed. The R-2 Medium Density Residential District zoning allows for such uses as single family, two-family and multi-family dwellings, bed and breakfasts, boarding and rooming houses, and tourist residential dwellings.

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    Copyright 2021 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Century 21 Legacy. Information deemed reliable but not guaranteed. Last updated 2021-05-08T16:15:35.65.
    www.smokymountainhomesearch.com/homes/90055822
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    137 Spruce Lane Gatlinburg, TN 37738

    • Price: $499,000
    • Status: Active Under Contract
    • Updated: 68 min ago
    • ID#: 219850
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.1
    Acres
    2,403
    SQFT
    $208
    $/SQFT
    1920
    Built
    Neighborhood:
    None
    County:
    Sevier
    Area:
    Gatlinburg
    Property Description
    This 3.1-acre property is improved with three older occupied houses (1456, 580, and 367 sq.ft.) that have only limited rental potential due to their age and condition. House #1, built in 1920, is a 2-story with 2 BD up, 2 BD down, 1 BA, and gas heat. House #2, built in 1930, is 1 BD/1 BA with space heaters. House #3, built in 1920, is 1 BD/1 BA with space heaters. No rental information is available. The property is located a short distance off East Parkway (US 321) within the city limits of Gatlinburg. It fronts a rushing mountain creek and is accessed via a small one-lane bridge. The TN Dept. of Transportation has fully funded a bridge renovation, with engineering planning now underway. Redevelopment with cabin(s) or multifamily dwellings is probably the highest and best use of this property, but it will be limited until the bridge work has been completed. The R-2 Medium Density Residential District zoning allows for such uses as single family, two-family and multi-family dwellings, bed and breakfasts, boarding and rooming houses, and tourist residential dwellings.
    Exterior Features

    Access City StreetPaved Garage Capacity 0.00 Garage Type None

    Interior Features

    Bonus Rooms No Number Of Bonus Rooms 0 Number Of Efficiency Units 0 Number Of One Bedroom Units 0 Number Of Three Bedroom Units 0 Number Of Two Bedroom Units 0 Sq Ft Unfinished Basement 0

    Property Features

    Annual Tax 2986.00 District 11 Hoa Fees 0.00 Hoa Name N/A Hoa YN No Lot Block Unit 00 Multifamily Type Other Multi-Family Occupancy Either Owner Financing No Proposed Financing CashConventional Restrictive Covenants Yes Sewer Public Sewer Tax Year 2017 Water Utility Zoning R-2 Zoning Entity Gatlinburg

    Copyright 2021 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed. Listing provided courtesy of Nai Koella | Rm Moore | Office Phone: 8654538111 .

    Copyright 2021 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of Century 21 Legacy. Information deemed reliable but not guaranteed. Last updated 2021-05-08T16:15:35.65.
     
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    Century 21 Legacy
    3224 East Parkway Gatlinburg
    Gatlinburg TN, 37738
    Listing courtesy of Nai Koella | Rm Moore.