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    137 Spruce Lane

    Gatlinburg, TN 37738
    • $499,000
    • STATUS: Active
    • ON SITE: 655 days
    • ID#: 219850
    UPDATED: 53 min ago
    $499,000
    • 0
      BEDS
    • 3.1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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 2020 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of The Terrell Team - Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2020-09-29T08:15:37.073.
    www.janeterrell.com/homes/90055822
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    137 Spruce Lane Gatlinburg, TN 37738

    • Price: $499,000
    • Status: Active
    • Updated: 53 min ago
    • ID#: 219850
    0
    Beds
    0
    Baths
    0
    ½ Baths
    3.1
    Acres
    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 Road Garage Capacity 0 Garage Type None

    Property Features

    Annual Tax 2986 District 11 Hoa Per Month 0 Lot Block Unit 00 Multifamily Type Other Occupancy Either Possession At Closing Proposed Financing CashConventional Sewer Sewer Tax Year 2017 Water Utility Zoning R-2 Zoning Entity Gatlinburg

    Copyright 2020 Great Smoky Mountains Association of Realtors. Information deemed reliable but not guaranteed.
    Copyright 2020 Great Smoky Mountains Association of Realtors. Some of the listings on this website are shown by cooperative agreement, and may not be listings of The Terrell Team - Prime Mountain Properties. Information deemed reliable but not guaranteed. Last updated 2020-09-29T08:15:37.073.
     
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    The Terrell Team - Prime Mountain Properties
    807 Dolly Parton Parkway
    Sevierville TN, 37862
    Listing courtesy of Nai Koella | Rm Moore.