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Blount 37882
207 Cutter Gap Road
Photo of 207 Cutter Gap Road

42

Map

Photo of 207 Cutter Gap Road
Photo of 207 Cutter Gap Road
$465,000
↓ $25K (5.1%)
● House - For Sale

207 Cutter Gap Road

Townsend, TN 37882
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,404 Ft²
$2,374
Est. Monthly

About This Property

Discover this stunning and spacious 2-bedroom retreat nestled in the highly desirable Laurel Valley community in Townsend. Thoughtfully designed and professionally furnished, this property offers the perfect blend of comfort, style, and functionality.
Surrounded by natural beauty, you'll enjoy a peaceful, private setting while still being just a short drive from popular destinations throughout the Great Smoky Mountains. Whether you're looking for a personal getaway or an investment opportunity, this home checks all the boxes.Don't miss your chance to own a slice of East Tennessee paradise--schedule your private showing today!
Unit Size
1,404 Ft²
Days on Market
177 days
Land Size
-
Price per sqft
$331
Property Type
House
Property Taxes
$90
HOA Dues
-
Year Built
1972

Listed By

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 2 months ago ( #311349)

Price History

Date / Event Date Event Price
Sep 9, 2026 Price Decreased $465,000
↓ $25K (5.1%)
Price Decreased
Jun 27, 2026 Price Decreased $490,000
↓ $25K (4.9%)
Price Decreased
Apr 6, 2026 Listed by eXp Realty, LLC 7720 $515,000
Listed by eXp Realty, LLC 7720

Property Highlights

Fireplace
Parking Details
Parking Features: Concrete
Interior Details
Full Bathrooms: 2
Appliances: Dishwasher, Dryer, Electric Cooktop, Electric Water Heater, Microwave, Refrigerator, Washer
Flooring Type: Luxury Vinyl
Has Fireplace
Fireplace Features: Wood Burning
Fireplaces: 1
Basement: Basement
Exterior Details
Square Footage: 1404
Architectural Style: Chalet
Year Built: 1972
Building Area Total: 1404
Levels: Basement Only
Patio and Porch Features: Deck, Porch
Lot Features: Wooded
Lot Size Dimensions: 106 X 217.89 IRR
Tax Lot: B/10
Water Source: Well
Financial Details
Tax Annual Amount: $1,084
Utilities Details
Cooling Type: Heat Pump
Heating Type: Heat Pump
Sewer : Septic Tank

Building Info

Overview

    General

  • Year Built: 1972
  • Effective Year Built: 2003
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 6
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 11
  • Interior Walls Type: 18
  • Roof Shape Type: 7
  • Roof Cover Type: 5
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 3
  • Basement Area: 702
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 18,540
  • Lot Size Depth Feet: 2,060
  • Lot Size Frontage Feet: 900
  • Total Building Area: 1,404
  • Building Area: 1,404
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 24
  • Heated Square Feet: 1,404
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: FAIRLIGHT
  • Land Acres: 0000000426
  • Standard Land Use Code: 1001
  • County Land Use Code: 03
  • Legal Description 1: FAIRLIGHT B 10 LAUREL WIND

Neighborhood

  • School District Name: Blount County School District
  • Census Tract: 011404

Zoning

  • Zoning: R1

Geography

  • Assessors Map Reference: 095K
  • District: 15
  • Parcel: 005095K B 01600
  • Block: B
  • Lot: 10
  • Latitude: 35.6766
  • Longitude: -83.803

    Address

  • Full Address: 207 Cutter Gap Rd
  • Address - House Number: 207
  • Address - Street Name: Cutter Gap
  • Address - Suffix Type: Rd
  • State: TN
  • City Name: Townsend
  • Zip Code: 37882

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $98,500
  • Tax Rate Code Area: 05A00

    Appraisal Valuation

  • Standard Deviation: 0.223
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 460,454
  • High Value: 563,175
  • Low Value: 357,733

    Market Valuation

  • Market Total Value: $272,700
  • Market Land Value: $50,000
  • Market Improvement Value: $222,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $68,175
  • Assessed Land Value: $12,500
  • Assessed Improvements Value: $55,675

    Sales

  • Current Sale Contract Date: Sep 01, 2022
  • Current Sale Recording Date: Sep 08, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 948654
  • Previous Sale Recording Date: Jan 27, 2022
  • Previous Sale Contract Date: Jan 06, 2022
  • Previous Sale Amount: $265,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Blount

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$232

Below Asking

0.01%

Average Days on Market

83

Average Home Size

1877 ft²

Average Home Age

33.1 years

Currently For Sale

554 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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Frequently Asked Questions

When was property at 207 Cutter Gap Road built and last sold?
The property at 207 Cutter Gap Road was built in 1972 and last sold on Sep 1, 2022 for $480,000.
How much is this home worth?
The estimated value of the home located at 207 Cutter Gap Road is $465,570.
What are some comparable homes to 207 Cutter Gap Road?
There are currently no comparable homes to 207 Cutter Gap Road.
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