For sale

Price cut: $15K (8/3)

$424,500

1131 Tanrac Trl, Gatlinburg, TN 37738

3beds

1,920sqft

$2,449/mo

Get pre-qualified

Single Family Residence, Residential

Built in 1976

0.38 Acres Lot

$411,500 Zestimate^®

$221/sqft

$-- HOA

What's special

Private in-law suiteNew roofBeautiful stone fireplaceLvp flooring upstairsRailing around back deckWalk-in shower

Fantastic 2-for-1 investment opportunity just minutes from the heart of Gatlinburg with an ASSUMABLE MORTGAGE at 4.5%! This versatile property is ideal as a short-term rental with a beautiful stone fireplace. It also works perfectly as a long-term rental or primary residence with a private in-law suite. Each level offers its own driveway, entrance, kitchen, living area, and sleeping quarters. Recent updates include new roof, LVP flooring upstairs, paint, walk-in shower, railing around back deck, countertops, oven, refrigerator, detached shed/workshop, and more. Conveniently located just 6 minutes to the Arts & Crafts Community and 10 minutes to Downtown Gatlinburg, with low county-only taxes and no HOA dues.

47 days

1,105

32

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Heating

Central

Cooling

Central Air

Appliances

Included: Disposal, Humidifier
Laundry: Electric Dryer Hookup, Washer Hookup

Features

Additional Living Quarters, Granite Counters, High Speed Internet, In-Law Floorplan
Flooring: Carpet, Luxury Vinyl
Basement: Crawl Space,None
Number of fireplaces: 1

Interior area

Total structure area: 1,920
Total interior livable area: 1,920 sqft
Finished area above ground: 960
Finished area below ground: 960

Property

Parking

Parking features: Attached, Carport, Driveway
Has attached garage: Yes
Has carport: Yes

Features

Levels: Two
Stories: 2
Patio & porch: Deck, Porch
Exterior features: Rain Gutters, Storage

Lot

Size: 0.38 Acres
Features: Wooded

Details

Additional structures: Shed(s)
Parcel number: 117B B 00800 000
Zoning: R-1
Other equipment: Generator

Construction

Type & style

Home type: SingleFamily
Architectural style: Cottage
Property subtype: Single Family Residence, Residential

Materials

Block
Roof: Composition

Condition

Updated/Remodeled
New construction: No
Year built: 1976

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Cable Connected, Electricity Connected, High Speed Internet Connected, Sewer Connected

Community & HOA

Community

Subdivision: Limberlost

HOA

Has HOA: No

Location

Region: Gatlinburg

Financial & listing details

Price per square foot: $221/sqft
Tax assessed value: $157,600
Annual tax amount: $583
Date on market: 6/29/2026
Listing terms: 1031 Exchange,Cash,Conventional,FHA,VA Loan
Electric utility on property: Yes
Road surface type: Paved

Estimated market value

$411,500

$391,000 - $432,000

$2,648/mo

Price history

Date	Event	Price
8/3/2026	Price change	$424,500-3.4%$221/sqft
Source: GSMAR, GSMMLS #312546 Report a problem
7/24/2026	Price change	$439,500-1.2%$229/sqft
Source: GSMAR, GSMMLS #312546 Report a problem
6/29/2026	Listed for sale	$445,000+304.9%$232/sqft
Source: GSMAR, GSMMLS #312546 Report a problem
9/18/2001	Sold	$109,900+23.5%$57/sqft
Source: Public Record Report a problem
4/30/1996	Sold	$89,000$46/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$583	$39,400
2024	$583	$39,400
2023	$583	$39,400
2022	$583	$39,400
2021	--	$39,400 +49.2%
2020	$491	$26,400
2019	$491	$26,400
2018	$491 +0%	$26,400
2017	$491	$26,400
2016	$491	$26,400 -13.9%
2015	--	$30,650 +0%
2014	$499	$30,641
2013	$499	$30,641
2012	$499	$30,641
2011	$499	$30,641
2010	--	$30,641 -4.7%
2009	$495	$32,146
2008	$495	$32,146
2007	$495 +14.9%	$32,146
2006	$431 -19.3%	$32,146
2005	$534 +12.9%	$32,146 +12.9%
2004	$473 +14.5%	$28,473
2002	$413	$28,473
2001	--	$28,473 -75%
2000	--	$113,893