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515 Patterson Ln, Gatlinburg, TN 37738
515 Patterson Ln, Gatlinburg, TN 37738
Sold for $625,000
515 Patterson Ln, Gatlinburg, TN 37738
Sold for $625,000
515 Patterson Ln, Gatlinburg, TN 37738
515 Patterson Ln, Gatlinburg, TN 37738
515 Patterson Ln, Gatlinburg, TN 37738
515 Patterson Ln, Gatlinburg, TN 37738

515 Patterson Ln Gatlinburg, TN 37738

$625,000

CLOSED
Beds
2
Baths
2
Sqft
1,158
Acres
0.04
Year
1993
Close Date
Oct 6, 2023
Property Type
Residential
Sub Type
Single Family Residence
Per Square Foot
$540
Date Listed
Jul 1, 2023

Description of 515 Patterson Ln, Gatlinburg, TN 37738

Listing details for 515 Patterson Ln, Gatlinburg, TN 37738 : 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. Enjoy a relaxing soak in the jetted tub and cozy up to a wood burning fireplace; or head outside for your own private firepit and outdoor seating area. Enjoy a cup of coffee with filtered water from the reverse osmosis system. If tech and efficiency are your thing, you'll definitely appreciate all the modern upgrades with Wi-Fi enabled lighting, Ring security system, digital door locks, freeze sensor, and fire sensors. All of this can be operated from the cabin or from across the country. ~~ Don't miss out on this amazing opportunity to own your own piece of Gatlinburg; still one of Tripadvisor's top 20 destinations in the US! Contact us today to book your viewing!
Listing Provided By

Brook Holmes, Wallace

Properties displayed may be listed or sold by various participants in the MLS

Source

East Tennessee Realtors, MLS#: 1232112

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Property History

DateEventPrice
10/6/2023
Sold
$625,000 0%
$540/sqft
Source:Realtracs MLS #RTC2870505
10/6/2023
Sold
$625,000 -5.2%
$540/sqft
Source:East Tennessee Realtors #1232112
7/1/2023
Listed for sale
$659,000
$569/sqft
Source:Realtracs MLS #RTC2870505
7/1/2023
Listed for sale
—
Source:East Tennessee Realtors #1232112
3/18/2020
Sold
$260,000 0%
$225/sqft
Source:Realtracs MLS #RTC3295969
3/18/2020
Sold
$260,000 0%
$225/sqft
Source:East Tennessee Realtors #1105432
1/20/2020
Listed for sale
$259,900
$224/sqft
Source:Realtracs MLS #RTC3295969
1/20/2020
Listed for sale
—
Source:East Tennessee Realtors #1105432
9/14/2017
Sold
$190,000 0%
$164/sqft
Source:Realtracs MLS #RTC3296359
9/14/2017
Sold
$190,000 -13.6%
$164/sqft
Source:East Tennessee Realtors #1006330
6/5/2017
Listed for sale
$219,900
$190/sqft
Source:Realtracs MLS #RTC3296359
6/5/2017
Listed for sale
—
Source:East Tennessee Realtors #1006330

Location of 515 Patterson Ln, Gatlinburg, TN 37738

Streetview of 515 Patterson Ln, Gatlinburg, TN 37738

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