1011 Margit Worsham Way, Gatlinburg, TN 37738

$2,315,000
Property Type: Single Family Bedrooms: 5 Square Footage: 5,435 Lot Size (sq. ft.): 47,045 Status: Closed
Current Price: $2,315,000 List Date: 8/31/2021 Last Modified: 2/23/2023

Overview

Description

Resting on one of the most desirable lots at the top of sought after Estates at Norton Creek, you'll find this rustically elegant ''Mountain Shingle'' style estate home. Construction of the highest quality on a very private one acre homesite perched on a walkable mountain top lot with panoramic views of the Smokies and Mount LeConte. Beautiful details abound in this spacious, 5BD/5BA, 2-half BA, 5,400+ sq ft mountain home, such as use of historic materials incorporated from owner's family Virgina farm. Special features include a variety of hardwoods, cathedral ceilings, coffered ceiling, two laundry rooms, reading den, fenced yard for pets, open decks, covered patio, fire pit, screened porch with a mountain stone fireplace and integrated stone pizza oven, attached two car garage and level

Supplements: parking. Ideal for use as a permanent residence, second home, or as an overnight rental. Currently used as a hybrid second home/rental property (it's often occupied by the owner's and their guests) it still generates around $100k annually. The current rental manager projects up to $200,000 in gross rental income with less owner use- it has tremendo ...

Listing Details MLS# 1166013

Location Tax Legal Info

House #
1011
Street Name
Margit Worsham
St Suffix
Way
State/Province
TN
Zip Code
37738
PIN #
125 010.28 000
Subdivision
Estates at Norton Creek

Contract Info

Auction Y/N
No
Listing Price
2300000
Occupancy
Either
Gross Amount Year 1
100000

General Property Description

Type
Basement Ranch
Lot Size SqFt
47045
Acres
1.08
Acre Source
Other
Site Built
Yes
Restrictions
Yes
SqFt - Total (Aprox)
5435
SqFt - Main Lvl
3328
SqFt - Down Lvl
2107
# Bedrooms
5
Baths - Full
5
Baths - 1/2
2
# of Rooms
18
Fireplace
Yes
# Fireplace
3
Property Status
N/A
HOA
Mandatory
HOA Fee
2000
HOA Freq
Yearly
HOA Contact
Estates at Norton Creek (865) 988-1864
Year Built
2009
Bonus Room
Yes
Extra Storage
Yes

Status Change Info

Status Change Date
2021-10-22
Under Contract Date
2021-09-14
Sold Date
2021-10-20

More Information

Property Features

Style: Chalet; Craftsman; Other Construction: Frame; Masonry; Other Siding: Fiber Cement Basement: Finished; Slab; Walkout Lot Description: Irregular Lot; Private; Rolling Slope; Wooded View: Mountain View; Wooded Fireplace: Gas Log; Masonry; Wood Burning Floors: Carpet; Hardwood; Tile Fuel: Electric; Propane Heat: Heat Pump; Zoned Cooling: Ceiling Fan(s); Central Cooling; Zoned Appliances: Dishwasher; Disposal; Gas Grill; Gas Stove; Microwave; Range; Refrigerator; Security Alarm; Self Cleaning Oven; Smoke Detector; Washer Sewer: Other Water: Well Other Rooms: Basement Rec Room; Bedroom Main Level; Den/Study; Extra Storage; Great Room; Laundry/Utility; Mstr Bdrm Main Level; Rough-in-Room Misc Features: Cathedral Ceiling(s); Kitchen Island; Pantry; Walk-in Shower; Walk-In Closet(s); Washer/Dryer Connect; Wet Bar Exterior Features: Deck; Patio; Porch - Covered; Porch - Enclosed; Porch - Screened; Prof Landscaped; Windows - Insulated Fencing: Fenced Yard Dining Area: Breakfast Bar; Eat-in Kitchen; Kitchen/Dining Rm Co; Living Rm/Dining Rm Community Amenities: Architect Restricted; Club House; Extra Storage Association Fee Incl: All Amenities; Other Showing: See Agent Instructns New Financing: Cash; Conventional

Room Information

Room Name
Master Bedroom
Bedroom 2
Bedroom 3
Bedroom 4
Bedroom 5
Great Room
Rec Room
Utility Room
Utility Room
Other
Other
Other
Other
Other
Other
Other
Garage
Bonus Room
Other
IDX
Listing Office: Century 21 Legacy
Last Updated: February - 23 - 2023
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