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153 Padgett Mill Rd
About This Property
Peaceful Mountain Living with Creek Access & Waterfall Views!
Some homes simply feel like East Tennessee, and this is one of them.
Built in 2002, this beautifully maintained 2-bedroom, 2-bath cabin offers 1,120 square feet of comfortable living space on 0.47 acres. Whether you're searching for your first home, a peaceful place to retire, or a weekend getaway in the Smokies, this property is ready for its next chapter.
Step inside to find warm wood flooring, tile bathrooms, a cozy fireplace, and an open-concept kitchen and living area that's perfect for spending time with family and friends. Covered front and back porches invite you to slow down, enjoy the mountain air, and take in the beautiful surroundings.
Outside you'll find a large fenced yard, a solar-powered storage building, and gorgeous mountain views. One of the property's most unique features is its access to a beautiful creek with views of a picturesque waterfall, offering the perfect place to relax, picnic, or simply enjoy the sounds of flowing water.
Conveniently Located
• Only 0.3 miles from Cosby School (K-12)
• Just 10 minutes to Newport and Walmart
• Approximately 25 minutes to Gatlinburg
• County taxes only $851.98 (2025)
If you've been looking for a move-in-ready home that offers the beauty of the Smoky Mountains while still being close to schools, shopping, and area attractions, this one deserves a spot at the top of your list.
Call today to schedule your private showing and experience everything this charming Cosby cabin has to offer!
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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%.
How much can I actually make?
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.
How is cap rate calculated?
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 |
$444,000
↓ $15K
(3.3%) | |
| Price Decreased | |||
| Jul 29, 2026 | Listed by Goddard Real Estate & Auction | $459,000 | |
| Listed by Goddard Real Estate & Auction | |||
| Mar 25, 2020 | Sold | ||
| Sold | |||
| Mar 2, 2020 | Listed by Cosby Real Estate, Inc. | $179,000 | |
| Listed by Cosby Real Estate, Inc. | |||
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Sit on your front porch and watch the creek and waterfall. Relax on you back porch with mountain views of the Foot Hill Parkway. House was restained last year and a new heating and Air unit installed 9 months ago. New storage building and chicken coop. Easy in and out access and convenient to Grocery stores, restaurants National Park entrance and Gatlinburg is 20 minutes away! The property goes to the middle of the creek, which has a great swimming hole.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017