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4130 Tro Way
Gatlinburg, TN 37738
$1,700,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
3554
Property Description
Incredible opportunity to own four income-producing log cabins tucked away in the popular Gatlinburg Arts and Crafts district! These cabins are nestled amidst mature hardwoods and colorful wildflowers, benefiting from the serenity of the Smokey Mountains. All units are beautifully maintained with new roofs, flooring, exterior stain, and fresh interior paint. Fantastic location near downtown Gatlinburg, Pigeon Forge, Dollywood, and other attractions. This is a great chance to own a money-producing portfolio, ideal for a 1031 Exchange, and is currently cash flowing. Cabin 4130 offers a spacious 1,486 sq ft layout with 2 bedrooms and 2 full baths. Take in the wildlife that pass through this woodsy, natural area from your covered front porch. A hot tub awaits to soothe sore muscles and melt away stress. Step inside where the great room is graced by a stone mantled fireplace to create a cozy place to relax and recharge. Beautifully detailed wood finishings add to the rustic, comfortable vibe found throughout. There is a ton of cabinet storage in the full kitchen and the full main floor bathroom is a treat with jetted soaking tub and separate walk-in shower. There is one bedroom on the main level as well as a second bedroom off the game loft with its own ensuite bathroom featuring a walk-in shower. Cabin 4110 is a serene 876 sq ft residence with 1 bedroom and 1.5 bathrooms. This cabin's generous open concept floor plan is highlighted by an abundance of natural light creating a warm and inviting glow throughout. The living room fireplace enhances this quaint setting, and the full kitchen yields a nice cooking space with dining area to sit down for meals. Just off from the kitchen is a jacuzzi tub and around the corner is the full bath with tub/shower combo. Head up to the loft and there is a half bath convenient to those enjoying the game room amenities. The rear deck is the place to be to take in the serenity of this private, wooded location with hot tub to cap off (or begin) each day. The newer HVAC is only about 2-3 years young, enhancing the longevity of this gorgeous cabin. Cabin 4108 is a 1 bedroom, 1 bath of 596 sq ft. As you step inside, you'll be greeted by the warm and cozy ambiance that only a cabin in the woods can provide. The updated flooring and fresh paint add a touch of modernity while still maintaining its alluring authentic charm. The vaulted open layout with living room fireplace will inspire you to gather with your loved one on chilly nights, creating memories that will last a lifetime and the full kitchen ads to the convenience whether preparing a meal or movie night snack. The bedroom features an in-room jetted soaking tub as well as a full ensuite bathroom with tub/shower combo. Be sure to check out the hot tub deck where the wooded setting invites great wildlife sightings. Cabin 4106 is another 1 bedroom, 1 bathroom cabin of 596 sq ft. The vaulted great room layout is a beautiful complement to its mountainside location with its abundance of natural lighting and lovely focal point fireplace. The bedroom is perfectly prepared for romantic getaways with in-room jetted soaking tub and full ensuite bath with tub/shower combo. One of the highlights of these properties is undoubtedly the tranquil views from the decks. Imagine sipping your morning coffee or enjoying the twilight hour while being surrounded by nature's beauty. This cabin's hot tub will leave you feeling rejuvenated each and every day. Buyer to verify all information. Drone photography used.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
1996
MLS Number
300588
Location
Address
4130 Tro Way
City
Gatlinburg
State
TN
Zip Code
37738
County
SEVIER
Listing
Provider
Hometown Realty LLC, original listing
Name
Hometown Realty LLC
Phone
(865) 898-0027
Office Name
Hometown Realty LLC
Office Phone
(865) 693-7653
Agent Name
Ryan Coleman

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.