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Key Details
Sold Price $155,000
Property Type Vacant Land
Sub Type Farm
Listing Status Sold
Purchase Type For Sale
Subdivision Settlement At Gatlinburg
MLS Listing ID 265723
Sold Date 12/12/23
HOA Y/N No
Originating Board Great Smoky Mountains Association of REALTORS®
Annual Tax Amount $120
Tax Year 2022
Lot Size 1.160 Acres
Acres 1.16
Property Description
565 Forest Springs Drive is a "Fire of '16" lot with a convenient location near the Roaring Fork area of East Gatlinburg. This value priced lot offers sewer, natural gas and water, plus is Zoned R-1, allowing for overnight rentals. Prior to the fire, a luxurious four bedroom with 3 bath cabin stood three stories tall and was a successful rental investment property. Today, a driveway plus a retaining wall remain as infrastructure for potential future use. 565 Forest Springs has 136 feet of road frontage and is over 400 feet deep resulting in 1.16 acre in size. A view could be opened up with select tree removal. The location is within a mile to a Gatlinburg Trolly stop and is an Ideal location for a permanent, second home, or overnight rental. In addition, the Settlement at Gatlinburg subdivision does not have HOA fees. Come see 565 Forest Springs soon to evaluate its potential for your real estate needs.
Location
State TN
County Sevier
Zoning R-1
Direction From dwtn. Gatlinburg on the Parkway (U.S. Hwy. 441), turn at Traffic Light #3 onto East Parkway (U.S. Hwy. 321), & go for approx. 1/2 mi. to a slight right onto Roaring Fork Rd. Follow Roaring Fork Rd. for approx. 1/4 mi., & then make a right onto Loop Rd., following for 1/2 mi., & then continue right to stay on Loop Rd. for an additional 1/2 mi., to a left onto Forest Springs Dr. Go on Forest Springs Drive for 0.7 mi., & the property will be on your left (see sign).
Exterior
Utilities Available Sewer Available
View Y/N Yes
View Mountain(s), Seasonal
Street Surface Paved
Road Frontage City Street
Building
Lot Description Mountainous, Rolling Slope, Sloped, Steep Slope, Wooded
Water Public
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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