114 Pam Lane
About This Property
A rare opportunity in Townsend offering the flexibility of TWO DISTINCT LIVING AREAS UNDER ONE ROOF! This recently updated and upgraded 3-bedroom, 2-bath home offers approximately 2,149 sq. ft. on .89± acre in the desirable Dry Valley area.
The upper level features an expanded primary suite with a large walk-in closet and laundry hookup. The distinctive bath includes a walk-in shower accented with natural rock walls and flooring. A spacious kitchen with stainless appliances opens to the rear screened porch, while the family room features a wood-burning stove and rock accent wall. Step outside to the extra wide screened deck with specialty ''critter-proof'' screening--a private spot for morning coffee, relaxing evenings while enjoying the mountain surroundings.
The lower level provides a separate living space with its own full kitchen, dining area, family room, two bedrooms, full bath and laundry/mudroom. A second wood-burning stove adds warmth and mountain character, and the lower level opens directly to a patio and outdoor living area.
Outside you'll find a separate shed/workshop, an additional storage shed plenty of off-street parking, and a nice level yard.
The versatile floor plan creates numerous possibilities for multigenerational living, extended family, guests, full-time living, a mountain retreat, or potential rental use.
Located in Townsend--the Peaceful Side of the Smokies--with convenient access to the Great Smoky Mountains National Park, Cades Cove, Little River and Maryville. Come make your home in the Smokies. Call today for a private showing.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 4, 2026 | Price Decreased |
$649,900
↓ $50K
(7.1%) | |
| Price Decreased | |||
| Mar 3, 2026 | Listed by Carter Chase Realty, LLC | $699,900 | |
| Listed by Carter Chase Realty, LLC | |||
| Jul 1, 2023 | No longer available | - | |
| No longer available | |||
| Jun 21, 2023 | In contract | - | |
| In contract | |||
| Jun 18, 2023 | Listed by Keller Williams Realty, Knoxville-West, mc814 | $499,900 | |
| Listed by Keller Williams Realty, Knoxville-West, mc814 | |||
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Welcome to Suite Retreat! Newly updated cabin located in desirable Dry Valley area of Townsend that can serve as 2 unique suites/living spaces. Adorable home features a large living room with electric fireplace, full kitchen, bedroom with full bath, screened porch, flex room (could be office, den, or storage), and welcoming front porch on the main; Basement features a large living/rec room, full kitchen, 2 bedrooms with full bath, and covered patio. Laundry/utility room is accessible from both floors. Seller has rented it as 2 separate suites. Updates include new drywall, interior/exterior paint, all new flooring, new kitchens, baths, doors, handrails, and more. Sits on a flat 0.89 acre lot with beautiful landscaping and two outbuildings. Site is very private yet convenient to shops, restaurants, Great Smoky Mountains National Park, Knoxville airport, etc. Home makes a great investment property, vacation rental, or full time residence. Many furnishings and all appliances remain. The manager has listed the unit size as 2006 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017