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716 Mountain Stream Way
Score
0
Gatlinburg, TN

716 Mountain Stream Way

899K
3 bd • 3 ba • 2,673 sf

This analysis was generated on 2/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

AI Property Analysis

0:00
0:00 / 0:00
List Price

$899,000

Price/Sq.Ft

$336

Year Built

2018

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

• Prime Location: The cabin is located within the Gatlinburg Falls Resort, just 5 minutes from downtown Gatlinburg and near the National Park. This location offers convenient access to attractions, dining, and outdoor activities. • High Rental Potential: The listing highlights potential rental revenue projections of up to $111,000. This is based on projections from Avada properties. The cabin sleeps 12 and includes a game room, theater, and wet bar, making it attractive to renters. • Resort Amenities: Gatlinburg Falls Resort offers a community pool, public sewer, and water connections, which are attractive amenities for renters and reduce maintenance concerns for owners. • Turnkey Rental Property: The cabin is fully furnished and equipped with a game room, theater, and multiple arcades, reducing the need for immediate upgrades or additional investments. • Mountain Views: The cabin offers breathtaking views of Mt. LeConte from the back deck, enhancing its appeal to renters seeking a scenic getaway.

The Bad

• High Days on Market: The property has been on the market for 289 days, suggesting potential pricing or marketing issues. The seller's motivation may indicate a willingness to negotiate, but it also raises questions about why the property hasn't sold. • Price Reductions: Multiple price reductions over the past few months (4.8%, 5.0%, 0.1%, 7.4%, and 2.2%) suggest that the initial listing price was too high. This could be a sign of an overpriced property relative to the current market conditions. • Reliance on Rental Income: The property's value is heavily dependent on its rental income potential. Changes in tourism trends, increased competition, or new regulations could negatively impact rental revenues. • School Ratings: The elementary and middle schools have a rating of 4/10, which may be a concern for families with children. This could limit the property's appeal to long-term residents. • Limited Property Details: The listing lacks specific details about room sizes, interior features, and recent upgrades. Potential buyers will need to conduct a thorough inspection to assess the property's condition and value.

The Ugly

• High Price per Square Foot: At $336.33 per square foot, the property is priced higher than some comparable properties in the area. This could deter some buyers who are more price-sensitive. • Major Fire Risk: The property has a major fire risk (5/10), which could result in higher insurance premiums. Potential buyers should obtain detailed insurance quotes and consider mitigation measures. • Lack of Specific Financial Data: The listing lacks specific financial data on HOA fees, property taxes, and operating expenses. Buyers will need to obtain this information to accurately assess the property's profitability. • No Room Dimensions: The listing does not provide room dimensions, making it difficult for buyers to assess the size and layout of the cabin. This lack of information may deter some potential buyers. • Drone Photography: The listing mentions that drone photography was used, suggesting that the property may not photograph well from the ground. This could be a concern for buyers who prefer traditional photography.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

• Investors seeking a high-occupancy short-term rental: The cabin's location within Gatlinburg Falls Resort, proximity to downtown Gatlinburg and the National Park, and the ability to sleep 12 guests support high rental demand, with potential revenues up to $111,000. The game room, theater, and wet bar make the cabin attractive to renters, with projections from Avada properties indicating strong income potential. • Buyers prioritizing resort amenities: Access to a community pool, public sewer, and water connections within Gatlinburg Falls Resort offers convenience and lowers maintenance concerns. • Buyers comfortable with a higher initial investment for a turnkey rental property: The cabin is fully furnished and equipped with a game room, theater, and multiple arcades, reducing the need for immediate upgrades or additional investments.

Not For

• Buyers seeking a primary residence with a large yard: This cabin is primarily designed for short-term rentals and lacks a significant outdoor space for personal use. The HOA maintains the grounds, so owners have limited control over landscaping. • Buyers on a tight budget: The property's price point of $899,000, combined with potential HOA fees, insurance costs, and property taxes, may make it unaffordable for buyers with limited financial resources. • Buyers averse to tourist areas: Gatlinburg is a popular tourist destination, which can result in traffic congestion and crowded attractions. Buyers seeking a quiet, secluded environment may find this location less appealing. • Buyers who want a low-maintenance property: While the HOA covers ground maintenance, short-term rentals require more frequent cleaning and upkeep to maintain appeal to renters. • Buyers not interested in short-term rentals: This property is optimized for short-term rentals and may not suit those seeking a traditional single-family home.
Demographics
Area Median Income

$0

Property History

Price History
Ownership Timeline
$300,000Cash Purchase
May 21, 2014
Cmi Investments LlcSimona Diaconu, Marian Ion Diaconu
Warranty Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jun 24, 2011
Christopher BelkCmi Investments Llc
Quit Claim Deed
Non-Arm's Length Transactions
$278,700Cash Purchase
Jan 1, 1970
Away NestledChristopher Belk
Deed
Standard Sale (Purchase/Resales)
$0Cash Purchase
Jan 1, 1970
Schlosser Douglas CNestled Away Llc
Deed
Non-Residential Arm's Length Transactions

Property Taxes

$4,053
2023 Tax Assessment
60.0%from previous year
Assessed Value$252,440
Tax Rate1.61%

Market Insights

Real-time analysis of the local housing market

January 2025
Buyer's Market

In 37738, buyers currently have an advantage. Home prices are trending lower than usual and properties are staying on the market longer, giving you more options and better negotiating power.

$643,500
$390/sqft
3.0%
Change from last month
Your price: $899K (+40%)
Your price/sqft: $336/sqft (-14%)
344
15 sold last month
11.3%
Change from last month
50 days
Average for homes in this area
66.4%
Change from last month
This property: 289 days (+478%)

Sale Price Distribution

Last month
2
Over Asking
homes
2
At Asking
homes
11
Under Asking
homes
Total: 15 homes sold

If you're buying a home in 37738, you may be able to get a good deal. 73.3% of homes here sold below asking price last month.

Sale Time Distribution

Last month
3
Under 30 Days
homes
2
30-90 Days
homes
1
Over 90 Days
homes
Your property
Total: 6 homes sold

Many homes in 37738 are selling fast, if you're buying plan to act quickly.

Sunlight Analysis

Visualize how sunlight affects this property throughout the day and year.

Sunlight Analysis

Data provided by Shadowmap

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Risk Assessment

Climate Risks

heatMODERATE

7 extreme heat days per year

98th percentile: 98°F

fireMODERATE

Insurance: Required

airMODERATE

5 bad air quality days per year

windMINIMAL

Insurance: Recommended

floodMINIMAL

FEMA Zone: Minimal Risk Area

Insurance: Optional

Risk Analysis

• High Fire Risk: With a fire risk score of 5/10, insurance premiums may be significantly higher. Potential buyers should obtain detailed insurance quotes and consider mitigation measures. • Dependence on Tourism: Gatlinburg's economy is heavily reliant on tourism, making rental income vulnerable to economic downturns or seasonal variations. Investors should factor in potential fluctuations in occupancy rates and rental revenues. • Competition: The Gatlinburg Falls Resort is a popular rental destination, resulting in high competition among rental properties. Effective marketing and management are crucial to maintaining high occupancy rates. • HOA Restrictions: Potential buyers should carefully review the HOA rules and regulations to understand any restrictions on rental operations, property modifications, or guest behavior. • Maintenance Costs: Short-term rental properties typically require more frequent maintenance and repairs due to higher usage. Investors should budget for ongoing maintenance expenses to maintain the property's condition and appeal.
Insurance
Annual Cost

$3,236

$270 per month

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Schools

Pi Beta Phi Elementary School

Public•Grades PK-6
4/5
Primary
1.9 mi
Get more information on GreatSchools

Pigeon Forge Middle School

Public•Grades 7-9
4/5
Middle
6.9 mi
Get more information on GreatSchools

Gatlinburg Pittman High School

Public•Grades 10-12
7/5
High
2.7 mi
Get more information on GreatSchools

Financials

Monthly Costs
Market Rent (3 bed)

$0

Get a detailed estimate on Zillow®
HOA Fee

$321

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Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Subject Property

Price
$899,000
Price/sqft
$336
Layout
3 bd•3 ba
Days on market
289 daysat time of analysis

Stats in the Area

Based on 2 comparable properties nearby

Average Price

$81,500

1003.1%

Your price is 1003.1% above average

Median Price

$84,000

970.2%

Based on 2 recent sales

Price per Sq.Ft

N/A

No price per sq.ft data available

Comparable Properties

1113 Hemlock Hollow Road, Gatlinburg, TN 37738
Price: $84,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 1/6/2025
Lot 12 Hawks View Trail, Gatlinburg, TN 37738
Price: $79,000
Sq.Ft: N/A
Beds/Baths: N/A/N/A
$/Sq.Ft: N/A
Sale Date: 11/5/2024

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