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  • $509,900

    640 Red Bud Ln, Gatlinburg, TN 37738

    1beds
    720sqft
    Single Family Residence, Residential
    Built in 1955
    4,791 Square Feet Lot
    $425,500 Zestimate®
    $708/sqft
    $1,518 Estimated rent

    Home value

    $425,500

    $379,000 - $477,000

    $1,518/mo

    Zestimate® history
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    What's special

    Step into the charming ambiance of this 1-bedroom, 1-bathroom turn-key cottage, perfectly nestled in a prime downtown Gatlinburg location, just 1/4 mile from the main strip. This delightful retreat is not only fully furnished with tasteful decor but also features a kitchen equipped with stainless steel appliances and granite countertops. The design of the home emphasizes openness, allowing for good flow throughout the space and a gas fireplace to cozy up by on those cold winter nights. Outside, the large private deck is a true highlight, complete with a covered hot tub for year-round relaxation. The yard offers privacy and includes a fire pit for memorable evenings under the stars. This home offers peace and seclusion as it is uniquely positioned with no future construction allowed behind it as it backs directly onto the Great Smoky Mountains National Park. Praised by couples as an ideal mountain getaway, this property has consistently proven its worth, grossing $78,730 in 2023 with $68,873 already on the books for 2024, putting it on track to surpass last year's income. With 119 glowing reviews on Airbnb and easily accessible without steep roads, this cottage represents a lucrative investment opportunity and a peaceful escape that guests love, making it a standout offering in the bustling heart of Gatlinburg.

    Zillow last checked:

    Listing updated:

    Listed by:

    Madeline Blom 865-924-3240,

    Real Broker

    Bought with:

    Karen Chenaille, 358817

    eXp Realty

    Source: RealTracs MLS as distributed by MLS GRID,MLS#: 3304965MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 1
    • Bathrooms: 1
    • Full bathrooms: 1
    Heating
    • Central, Electric
    Cooling
    • Central Air, Electric
    Appliances
    • Included: Dishwasher, Dryer, Cooktop, Microwave, Refrigerator, Oven
    Features
    • Ceiling Fan(s), Kitchen Island
    • Flooring: Wood, Tile
    • Basement: None
    • Number of fireplaces: 1
    • Fireplace features: Gas
    Interior area
    • Total structure area: 720
    • Total interior livable area: 720 sqft

    Property

    Parking
    • Parking features: Driveway, Gravel
    • Has uncovered spaces: Yes
    Features
    • Levels: Three Or More
    • Stories: 2
    • Patio & porch: Deck, Covered
    Lot
    • Size: 4,791 Square Feet
    • Dimensions: 50 x 97.7 IRR
    • Features: Wooded
    • Topography: Wooded
    Details
    • Parcel number: 126F A 00400 000
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cottage
    • Property subtype: Single Family Residence, Residential
    Materials
    • Stucco
    • Roof: Shingle
    Condition
    • New construction: No
    • Year built: 1955

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Electricity Available, Water Available, Cable Connected

    Community & HOA

    Community
    • Security: Smoke Detector(s)
    • Subdivision: None
    HOA
    • Has HOA: No
    Location
    • Region: Gatlinburg

    Financial & listing details

    • Price per square foot: $708/sqft
    • Tax assessed value: $117,800
    • Annual tax amount: $757
    • Date on market: 9/28/2024
    • Electric utility on property: Yes

    Price history

    DateEventPrice
    10/29/2024Sold$509,900$708/sqft
    Source: RealTracs MLS as distributed by MLS GRID #3304965 Report a problem
    9/29/2024Pending sale$509,900$708/sqft
    Source: GSMAR, GSMMLS #303160 Report a problem
    9/26/2024Listed for sale$509,900+2%$708/sqft
    Source: GSMAR, GSMMLS #303160 Report a problem
    3/8/2022Sold$500,000-7.4%$694/sqft
    Source: East Tennessee Realtors #1178925 Report a problem
    1/30/2022Pending sale$539,900$750/sqft
    Source: East Tennessee Realtors #1178925 Report a problem
    1/27/2022Listed for sale$539,900+157.1%$750/sqft
    Source: East Tennessee Realtors #1178925 Report a problem
    8/30/2019Sold$210,000+213.4%$292/sqft
    Source: Public Record Report a problem
    9/3/2015Sold$67,000-15.7%$93/sqft
    Source: Public Record Report a problem
    12/27/2014Listing removed$79,500$110/sqft
    Source: Smokies Investors Real Estate & Auc #181789 Report a problem
    2/20/2014Price change$79,500-11.2%$110/sqft
    Source: Smokies Investors Real Estate & Auc #181789 Report a problem
    11/23/2013Price change$89,500-5.3%$124/sqft
    Source: Smokies Investors Real Estate & Auc #181789 Report a problem
    5/26/2013Listed for sale$94,500+136.3%$131/sqft
    Source: Smokies Investors Real Estate & Auc #181789 Report a problem
    9/29/2010Sold$40,000$56/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$757 $47,120
    2024$757 $47,120
    2023$757 +60%$47,120 +60%
    2022$473 $29,450
    2021-- $29,450 +45.6%
    2020$408 +8.6%$20,225
    2019$376 +11.7%$20,225 +21.3%
    2018$337 -0.1%$16,675
    2017$337 $16,675
    2016$337 $16,675 -20.4%
    2015-- $20,950 +0%
    2014$375 $20,940
    2013$375 0%$20,940
    2012$375 +0%$20,940
    2011$375 $20,940
    2010-- $20,940 -4.9%
    2009$372 $22,029
    2008$372 $22,029
    2007$372 +13.4%$22,029
    2006$328 -19%$22,029
    2005$405 +13.3%$22,029 +13.3%
    2004$357 +12.9%$19,436
    2002$316 $19,436
    2001-- $19,436 -75%
    2000-- $77,743
    Find assessor info on the county website

    Neighborhood: 37738

    Nearby schools

    GreatSchools rating
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