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  • $550,000

    244 Palmer Rd, Gatlinburg, TN 37738

    3beds
    2,895sqft
    Single Family Residence, Residential
    Built in 1984
    0.66 Acres Lot
    $549,800 Zestimate®
    $190/sqft
    $2,894 Estimated rent

    Home value

    $549,800

    $506,000 - $594,000

    $2,894/mo

    Zestimate® history
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    What's special

    PRICE REDUCED TO SELL FAST! Spacious 3BR/2BA Log Cabin in Gatlinburg's Arts & Crafts District - Prime Investment Opportunity in the Great Smoky Mountains! Prime location, charm, and income potential with this stunning 3-bedroom, 2-bath log cabin is nestled in a private setting in the highly desirable Arts & Crafts District of Gatlinburg--just minutes from downtown attractions, dining, shopping, and the Trolley stop. Step inside to discover vaulted and beamed ceilings, a warm and inviting living room with a floor-to-ceiling stacked stone hearth, and a wood-burning stove that creates the perfect mountain cabin ambiance. The fully furnished, turn-key home is ready to move in or rent immediately and is already a proven short-term rental income producer, making it a fantastic investment opportunity. The main level features a spacious primary suite with a king-size bed and an updated en-suite bath with a custom stone walk-in shower. Upstairs, you'll find all-new flooring, a recently updated modern full bath, and two additional generously sized bedrooms. The extra-large second bedroom includes another king-size bed, while the oversized bonus area is perfect for groups, offering built-in bunk beds (3 twins), a queen bed, Air Hockey, and Foosball--comfortably accommodating up to 9 guests. The kitchen is fully equipped with stainless steel appliances, granite countertops, a breakfast bar, and a cozy eat-in dining area--ideal for entertaining. Enjoy the great outdoors on the expansive wrap-around covered porch, complete with rocking chairs, porch swings, hammocks, a hot tub, and a high-top table and chairs--plus a stone patio with grill space for evenings under the stars. Additional features include: Smart Home technology with Google integration & Nest thermostat system. -Walking distance to Trolley stop and local restaurants -Close to downtown Gatlinburg, the Parkway, and Dollywood -Sleeps up to 9 comfortably Strong past rental history with impressive

    Zillow last checked:

    Listing updated:

    Listed by:

    Rob Johnson 865-966-1111,

    Wallace

    Bought with:

    Non Member Non Member

    Non-Member Office

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3622671MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Other
    • Features: Utility Room
    • Level: Utility Room
    Heating
    • Central, Electric, Heat Pump
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Oven, Washer
    • Laundry: Washer Hookup, Electric Dryer Hookup
    Features
    • Ceiling Fan(s), Kitchen Island
    • Flooring: Tile, Vinyl
    • Basement: Crawl Space
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 2,895
    • Total interior livable area: 2,895 sqft
    • Finished area above ground: 2,895

    Property

    Features
    • Levels: Two
    • Stories: 2
    • Patio & porch: Deck, Patio, Porch, Covered
    • Has view: Yes
    • View description: Mountain(s), Lake
    • Has water view: Yes
    • Water view: Lake
    Lot
    • Size: 0.66 Acres
    • Dimensions: 221 x 70 x 143 x 190 x 36
    • Features: Wooded, Corner Lot, Other, Rolling Slope
    • Topography: Wooded,Corner Lot,Other,Rolling Slope
    Details
    • Parcel number: 117N F 01000 000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Log
    • Property subtype: Single Family Residence, Residential
    Materials
    • Frame, Log, Other
    Condition
    • New construction: No
    • Year built: 1984

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: Public
    • Utilities for property: Electricity Available, Water Available
    Green energy
    • Energy efficient items: Windows

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: Ely Acres
    Location
    • Region: Gatlinburg

    Financial & listing details

    • Price per square foot: $190/sqft
    • Tax assessed value: $341,100
    • Annual tax amount: $2,191
    • Date on market: 10/19/2026
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    10/15/2026Sold$550,000-8.2%$190/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3622671 Report a problem
    9/17/2026Pending sale$599,000$207/sqft
    Source: East Tennessee Realtors #1315613 Report a problem
    8/14/2026Price change$599,000-5.7%$207/sqft
    Source: East Tennessee Realtors #1315613 Report a problem
    5/14/2026Price change$635,000-2.2%$219/sqft
    Source: East Tennessee Realtors #1315613 Report a problem
    4/8/2026Price change$649,000-1.5%$224/sqft
    Source: East Tennessee Realtors #1315613 Report a problem
    12/5/2025Listed for sale$659,000$228/sqft
    Source: East Tennessee Realtors #1315613 Report a problem
    11/20/2025Pending sale$659,000$228/sqft
    Source: East Tennessee Realtors #1315613 Report a problem
    9/16/2025Listed for sale$659,000+3%$228/sqft
    Source: East Tennessee Realtors #1315613 Report a problem
    8/6/2024Sold$640,000-1.5%$221/sqft
    Source: Lakeway Area AOR #703050 Report a problem
    7/17/2024Pending sale$650,000$225/sqft
    Source: East Tennessee Realtors #1256692 Report a problem
    6/23/2024Price change$650,000-9.7%$225/sqft
    Source: East Tennessee Realtors #1256692 Report a problem
    6/13/2024Price change$720,000-9.4%$249/sqft
    Source: GSMAR, GSMMLS #300034 Report a problem
    5/30/2024Price change$795,000-0.6%$275/sqft
    Source: East Tennessee Realtors #1256692 Report a problem
    5/1/2024Price change$799,900-8%$276/sqft
    Source: GSMAR, GSMMLS #300034 Report a problem
    4/12/2024Price change$869,500-0.7%$300/sqft
    Source: East Tennessee Realtors #1256692 Report a problem
    3/22/2024Listed for sale$875,500+154.5%$302/sqft
    Source: East Tennessee Realtors #1256692 Report a problem
    4/23/2019Sold$344,000-0.3%$119/sqft
    Source: Public Record Report a problem
    2/15/2019Price change$345,000-5.5%$119/sqft
    Source: CENTURY 21 Four Seasons Realty #219651 Report a problem
    11/27/2018Listed for sale$365,000+23.7%$126/sqft
    Source: CENTURY 21 Four Seasons Realty #219651 Report a problem
    2/26/2016Listing removed$295,000$102/sqft
    Source: CENTURY 21 Four Seasons Realty #199544 Report a problem
    10/20/2015Listed for sale$295,000+110.7%$102/sqft
    Source: Century 21 Four Seasons Realty Ep #199544 Report a problem
    11/4/2011Listing removed$140,000$48/sqft
    Source: isNowListed.com Report a problem
    11/3/2011Listed for sale$140,000+4.1%$48/sqft
    Source: isNowListed.com Report a problem
    6/27/2011Sold$134,505+5%$46/sqft
    Source: Public Record Report a problem
    3/31/2011Price change$128,100-8.5%$44/sqft
    Source: REMAX FIRST #745220 Report a problem
    3/5/2011Price change$140,000-4%$48/sqft
    Source: REMAX FIRST #745220 Report a problem
    2/6/2011Listed for sale$145,900-25.1%$50/sqft
    Source: REMAX FIRST #745220 Report a problem
    11/23/2009Sold$194,841-20.5%$67/sqft
    Source: Public Record Report a problem
    10/4/2005Sold$245,000+58.1%$85/sqft
    Source: Public Record Report a problem
    6/28/1995Sold$155,000$54/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,191 $136,440
    2024$2,191 $136,440
    2023$2,191 +60%$136,440 +60%
    2022$1,369 $85,275
    2021-- $85,275 +43.3%
    2020$1,202 +8.6%$59,525
    2019$1,107 -7.9%$59,525
    2018$1,202 0%$59,525
    2017$1,202 $59,525
    2016$1,202 $59,525 -0.2%
    2015-- $59,650 +0%
    2014$1,067 $59,627
    2013$1,067 0%$59,627
    2012$1,067 +0%$59,627
    2011$1,067 $59,627
    2010-- $59,627 -4.3%
    2009$1,052 $62,290
    2008$1,052 $62,290
    2007$1,052 +13.4%$62,290
    2006$928 -19%$62,290
    2005$1,145 -1.2%$62,290 -1.2%
    2004$1,158 +12.9%$63,032
    2002$1,026 $63,032 +1.1%
    2001-- $62,346 -75%
    2000-- $249,382
    Find assessor info on the county website

    Neighborhood: 37738

    Nearby schools

    GreatSchools rating
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    Estimated market value

    $549,800

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    Estimated market value

    $549,800