Check Availability

109 Laurel Way

109 Laurel Way, Gatlinburg, TN 37738
Property in Sevier
Sold Feb 02, 2021
$530,000
$477,000 by Bay Equity Llc
Mortgage Due Feb 01, 2051
Sold Oct 06, 2017
$259,900
$246,905 by Y-12 Fcu
Mortgage Due Nov 01, 2047
109 Laurel Way in Gatlinburg, TN was first built in 2017 and is 7 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a custom style. There are a total of 2 floors. In terms of bathrooms, there are a total of 2 full bathrooms. There are 3 partial bathrooms. 109 Laurel Way has 1,742 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 1,100 ft and the linear feet between the front and back of the lot is 1,506. In total, the area measurement of the land is 15,246 square feet.

Learn more about the property and building on this page. There is a unknown. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a water system. The property is connected to a sewer system. The quality of the control joints have been graded by the local assessor with a letter grade of A. The condition of the building has been evaluated as average. The exterior walls of the home are made of unknown. While the interior walls are made of wood. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heat pump. There is a fireplace in the home! Just imagine how amazing it would be to curl up in front of a cozy fireplace during those chilly winter nights. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 109 Laurel Way sold most recently in Jan 29, 2021 for a total of $530,000. If you work out the math, that's approximately a cost of $304.25 per sqft. Before that, the property was also sold for $259,900 in Oct 6, 2017. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $1,463 in taxes each year. 109 Laurel Way was most recently assessed in 2024. During this assessment, the property's total value was estimated to be about $98,825. If we break it down further, the land itself was valued at $8,750. Improvements to the property, however, were assessed at a total of $90,075. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

Building Features

Exterior

Block Exterior
Log Siding
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2017
  • Effective Year Built: 2017
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 8
  • Building Condition: Average
  • Building Quality: A
  • Building Style: Custom
  • Interior Walls Type: Wood
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 15,246
  • Lot Size Depth Feet: 1,506
  • Lot Size Frontage Feet: 1,100
  • Total Building Area: 1,742
  • Gross Building Area: 1,742
  • Building Area: 1,742
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 1,742
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Yes

Building

  • Property Class: Residential
  • Subdivision: HEMLOCK HILLS
  • Land Acres: 0.35
  • Standard Land Use Code: Single family residential
  • Legal Description 1: HEMLOCK HILLS PB NR LOT 11-C 110 X 150.58 IRR

Ownership

  • Current Owner : PETERSON LUKE
  • Current Owner 2: PETERSON STEPHANIE
  • Previous Owner : GREAVES KEVIN L
  • Previous Owner 2: GREAVES LINDA
  • Owner Before Previous Owner: DEROSIA PHILLIP
  • Owner Before Previous Owner 2: DEROSIA KIMBERLY

Neighborhood

  • School District Name: Sevier County School District
  • Census Tract: 080903

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 116C
  • District: 11
  • Parcel: 116C-C-038.00
  • Lot: 11C
  • Municipality: SEVIER COUNTY
  • Latitude: 35.7451
  • Longitude: -83.5257

    Address

  • Full Address: 109 Laurel Way
  • Address - House Number: 109
  • Address - Street Name: Laurel
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Gatlinburg
  • Carrier Code: R004
  • 4-Digit Zip Code: 4647
  • Zip Code: 37738

Valuation

    Tax

  • Total Area: 884
  • Tax Year: 2023
  • Tax Amount: $1,463
  • Tax Rate Code Area: 78A00

    Appraisal Valuation

  • Standard Deviation: 0.2486
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 64
  • Final Value: 859,885
  • High Value: 1,073,694
  • Low Value: 646,076

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $477,000
  • First Open Lien Mortgage Lender: BAY EQUITY LLC
  • First Open Lien Mortgage Recording Date: Feb 02, 2021
  • First Open Lien Mortgage Loan Amount: $477,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2051

    Market Valuation

  • Market Total Value: $395,300
  • Market Land Value: $35,000
  • Market Improvement Value: $360,300

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $98,825
  • Assessed Land Value: $8,750
  • Assessed Improvements Value: $90,075

    Sales

  • Current Sale Contract Date: Jan 29, 2021
  • Current Sale Recording Date: Feb 02, 2021
  • Current Sale Transaction ID: 11816037328
  • Current Sale Price: $530,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 21003319
  • Previous Sale Recording Date: Oct 06, 2017
  • Previous Sale Contract Date: Oct 06, 2017
  • Previous Sale Amount: $259,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: BAY EQUITY LLC
  • First Mortgage Transaction Date: Feb 02, 2021
  • First Mortgage Loan Amount: $477,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2051

    Previous Mortgages

  • Previous Mortgage Lender: Y-12 FCU
  • Previous Mortgage Transaction Date: Oct 06, 2017
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $246,905
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Nov 01, 2047

About Sevier



Similar Buildings

Property at 109 Laurel Way,

354 Cove Mountain Road

  • 1 Unit for Sale
354 Cove Mountain Road, Gatlinburg, TN 37738
Property at 109 Laurel Way,

1048 Little Smoky Road

  • 1 Unit for Sale
1048 Little Smoky Road, Gatlinburg, TN 37738
Property at 109 Laurel Way,

461 Sassafras Trail

  • 1 Unit for Sale
461 Sassafras Trail, Sevierville, TN 37876
Property at 109 Laurel Way,

4 Buena Vista Drive

  • 1 Unit for Sale
4 Buena Vista Drive, Sevierville, TN 37876
Property at 109 Laurel Way,

401 King Branch Road

  • 1 Unit for Sale
401 King Branch Road, Sevierville, TN 37876
Property at 109 Laurel Way,

510 Crooked Ridge Road

  • 1 Unit for Sale
510 Crooked Ridge Road, Gatlinburg, TN 37738
Property at 109 Laurel Way,

646 Pinecrest Drive

  • 1 Unit for Sale
646 Pinecrest Drive, Gatlinburg, TN 37738

Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 109 Laurel Way located in?
The 109 Laurel Way is a located in the neighborhood of Sevier in Sevier, Gatlinburg.
What is the average sales price for listings in 109 Laurel Way?
The average sales price for units in 109 Laurel Way is $0 currently.

Quantcast