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511 Hoot Owl Way

511 Hoot Owl Way, Gatlinburg, TN 37738
House in Sevier
511 Hoot Owl Way in Gatlinburg, TN was first built in 2001 and is 23 years old. This has been categorized as a commercial property type. For those interested in architecture, the building on the property was built in a custom style. It is a single story home. In terms of bathrooms, there is only one bathroom. There are 2 partial bathrooms. 511 Hoot Owl Way has 576 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. In total, the area measurement of the land is 43,560 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a gable or hip style roof made of composition shingle. Water for the property is sourced from a municipal 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 B+. 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 paneling. 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. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 511 Hoot Owl Way was last sold in Jun 1, 2023 for $460,000. According to our calculations, that's $798.61 per sqft. Prior to that sales transaction, the property was sold for $194,000 in Sep 22, 2020. Current property owners are expected to pay $1,055 in taxes per year. The property on 511 Hoot Owl Way was last assessed in 2024. As a result of that assessment, the total value of the property was placed at $71,280. To break that down further, the land itself was valued at $13,800. While improvements to the property were assessed at a total of $57,480. Based on our records, the total assessed value for this property has been marked as less than the total market value as of this moment. Which is great for tax purposes. The process of purchasing a home may seem daunting and challenging for many first-time prospective homebuyers. No worries! We've broken down the overall homebuying process into detailed steps and have also included a breakdown on the general amount of time you'll need for each step you have to take. For example, most people don't know that the most important first step of any home buying process is to get pre-approved for a mortgage! With a few months of hard work, you will soon be the proud owner of your property and home.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Exterior

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

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20200807
08/07/2020
1 Bed
1 Bath
576 ft²
$199,900
bedrooms
1 Bed
bathrooms
1 Bath
square feet
576 ft²
$194,000 -2.95%
09/25/2020
SHAWN SOMERFIELD

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2001
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 4
  • Building Condition: Average
  • Building Quality: B+
  • Building Style: Custom
  • Interior Walls Type: Paneling
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Type: Building with no basement
  • Basement Area: 0
  • Parking Space Count: 0
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 43,560
  • Total Building Area: 576
  • Gross Building Area: 576
  • Building Area: 576
  • Building Area Measurement: Gross Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: Yes
  • Heating: Heat pump
  • Heated Square Feet: 576
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Yes
  • Water Service: Municipal

Building

  • Property Class: Commercial
  • Subdivision: MTN SHADOWS RESORT COMM
  • Land Acres: 1
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: MTN SHADOWS RESORT COMM PB LM3 PG 7 LOT 42 PHASE I PART 2

Ownership

  • Current Owner : LUGO JOSE L
  • Current Owner 2: LUGO ANA I
  • Previous Owner : LATTIMER MITCHELL LEE
  • Previous Owner 2: LATTIMER BARBARA S
  • Owner Before Previous Owner: NDIRA INC
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Sevier County School District
  • School Tax School District: 78287
  • Census Tract: 081103

Zoning

  • Zoning: C-2

Geography

  • Assessors Map Reference: 117M
  • District: 02
  • Parcel: 117M-E-001.00-042
  • Lot: 42
  • Municipality: GATLINBURG
  • Latitude: 35.7293
  • Longitude: -83.4595

    Address

  • Full Address: 511 Hoot Owl Way
  • Address - House Number: 511
  • Address - Street Name: Hoot Owl
  • Address - Suffix Type: Way
  • State: TN
  • City Name: Gatlinburg
  • Zip Code: 37738

Valuation

    Tax

  • Total Area: 576
  • Tax Year: 2023
  • Tax Amount: $1,055
  • Tax Rate Code Area: 78A01

    Appraisal Valuation

  • Standard Deviation: 0.2379
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 66
  • Final Value: 453,364
  • High Value: 561,249
  • Low Value: 345,479

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $364,560
  • First Open Lien Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Open Lien Mortgage Recording Date: Jun 07, 2023
  • First Open Lien Mortgage Loan Amount: $364,560
  • 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: Jul 01, 2053

    Market Valuation

  • Market Total Value: $178,200
  • Market Land Value: $34,500
  • Market Improvement Value: $143,700

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $71,280
  • Assessed Land Value: $13,800
  • Assessed Improvements Value: $57,480

    Sales

  • Current Sale Contract Date: Jun 01, 2023
  • Current Sale Recording Date: Jun 07, 2023
  • Current Sale Transaction ID: 11907617832
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 17321
  • Previous Sale Recording Date: Sep 25, 2020
  • Previous Sale Contract Date: Sep 22, 2020
  • Previous Sale Amount: $194,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: JPMORGAN CHASE BANK NA
  • First Mortgage Transaction Date: Jun 07, 2023
  • First Mortgage Loan Amount: $364,560
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2053

    Previous Mortgages

  • Previous Mortgage Lender: TENNESSEE STATE BANK
  • Previous Mortgage Transaction Date: Sep 25, 2020
  • Previous Mortgage Loan Amount: $194,000
  • Previous Mortgage Term: 299
  • Previous Mortgage Loan Type: Future Advance Clause / Open End Mortgage
  • Previous Mortgage Loan Due Date: Sep 22, 2045

About Gatlinburg



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Nearby Rentals

Currently no nearby rentals

Frequently Asked Questions

What neighborhood is 511 Hoot Owl Way located in?
The 511 Hoot Owl Way is a house located in the neighborhood of Sevier in Gatlinburg, Gatlinburg.
What is the average sales price for listings in 511 Hoot Owl Way?
The average sales price for units in 511 Hoot Owl Way is $199,900 , or $347/sqft. currently.

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