1023 Twin Oaks Road – Gatlinburg, TN 37738

ONLINE ONLY REAL ESTATE AUCTION

Turnkey Mountain Investment with Breathtaking Views

SELLING ON BEHALF OF THE UNITED STATES BANKRUPTCY COURT FOR THE EASTERN DISTRICT OF TENNESSEE NORTHERN DIVISION AT KNOXVILLE
CASE NO.: 3:24-bk-31792-SHB

Proven Income-Producing Property | $65,000+ Annual Revenue | Mountain & Creek Views

Discover this exceptional opportunity to own a beautifully appointed single-level retreat currently operating as “Austin’s Mountain Hideaway” on AirBnB. This turnkey investment property offers the perfect combination of reliable income and personal mountain escape.

PROPERTY HIGHLIGHTS

• Established AirBnB generating $66,815.48 in gross rental income for 2024
• Spectacular views of the Great Smoky Mountains
• Peaceful creek sounds create natural ambiance
• 1,040 square feet of thoughtfully designed living space
• Generous 0.46± acre lot in desirable Chalet Village
• 2 bedrooms, 2 full bathrooms
• Selling fully furnished as seen in listing photos

DISTINCTIVE MOUNTAIN CHARM

This hybrid log home combines rustic character with modern comfort, featuring a log exterior and dramatic exposed wood trusses complemented by contemporary drywall interiors. The tongue & groove ceilings and impressive stone wood-burning fireplace create an authentic mountain aesthetic.

The open-concept living area showcases wall-to-wall windows framing breathtaking mountain vistas—a feature that consistently delights guests.

OUTDOOR LIVING PERFECTION

Step onto the expansive rear deck to immerse yourself in remarkable mountain views while enjoying the serenity of rhododendron-filled woods and the soothing sounds of the babbling creek below. The dedicated hot tub area provides the ultimate relaxation experience after a day of mountain adventures.

COMFORTABLE ACCOMMODATIONS

The primary suite features a spacious bathroom with double sink vanity and walk-in shower, plus direct access to the hot tub on the rear deck. A second bedroom with deck access and its own full bathroom (with dual hall/bedroom entries) completes the thoughtful floor plan. Convenient laundry facilities with stackable washer and dryer are discreetly positioned off the kitchen.

PRIME LOCATION

Perfectly positioned for maximum rental appeal and personal enjoyment:

• 10 minutes from Ober Mountain’s year-round attractions
• 5 miles to Great Smoky Mountains National Park entrance
• 15 minutes to downtown Gatlinburg’s dining and entertainment
• 11 miles from Dollywood
• Easy access via circle driveway
• The property is located in Chalet Village North and is subject to the covenants and restrictions thereof. If the property is used as an overnight rental the HOA dues are $558/year (which allows access to any of the 3 Chalet Village Owner’s Club clubhouses). If the property is used as an owner occupied home (is not rented), no HOA dues are required. If the owner would like access to the clubhouses, the dues are $385/year. Facilities include clubhouses, pools, tennis courts, walking trails, and more.

This move-in ready investment opportunity offers immediate income potential in one of Tennessee’s most sought-after vacation destinations.

Sevier County Parcel / Tax ID:

126I D 004.00

Yearly Property Taxes:

$1,427.31 – Sevier County only

Lot Size:

0.46 +/- acre | 122 x 185.06 IRR

Year Built:

1985

Real Estate Terms:
Powell Auction will email winning bidder your contract. The successful high bidder on this property will be required to sign the Real Estate Sales Contract, Terms & Conditions and any other documents needed, upon conclusion of the bidding and will make an earnest money deposit of ten percent (10%) of the sales price. A ten percent (10%) buyer’s premium will be added to the high bid to establish the total sales price. US currency cash or approved check. The balance is to be paid in full at the deed closing. By bidding you are entering into a binding agreement.

M & M Title Company will be conducting the closing. Current taxes, will be prorated at the date of closing, unless otherwise specified. Seller to provide deed. Buyer is responsible for title opinion, title insurance & recording fees. Buyer is responsible for HOA requirements, transfer fees, membership fees, if applicable. Title company closing cost to be split between buyer & seller. Buyer is to obtain his/her own financing. Closing to occur on or before May 5th, 2025.

The contract will not be contingent upon financing, inspections or any other contingencies.

Powell Auction & Realty LLC and its auctioneer(s) and employee(s) are representing the seller(s) as the sellers Agent(s).
All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed, implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All measurements, square footage & age are approximate and not guaranteed. Seller and or Agent makes no warranty as to accuracy of information. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. Tennessee Residential Property Exemption and Lead-Based Paint Waiver will be part of the sales contract. Any remaining personal property will convey at closing. **Powell Auction reserves the right to withdraw, without notice, any items in the auction at any time.**

Thank you for participating in this Powell Auction & Realty LLC Online Auction.
It is important that you familiarize yourself with these terms & conditions of Sale. If you do not agree with any of the terms and conditions stated, DO NOT BID. You will be bound by these terms and conditions. Good luck and good bidding. Agent/Auctioneer may withdraw, extend, or rearrange any property and or item(s) at their sole discretion at any time, without notice and will not be liable for any computer, internet or website malfunctions. Bidding may extend, if bids are placed within the last minute, to prevent bid sniping. Powell Auction & Realty LLC will have up to 7 DAYS to provide the Buyer with any documents to be signed, after the auction has ended. Payment must be made within 48 Hrs after being contacted by Powell Auction & Realty LLC. All properties are sold “AS IS, WHERE IS and WITH ALL FAULTS”, without any warranties expressed or implied or guarantees of any kind. Agent represents the seller only and does not inspect properties on bidder’s behalf. All information is deemed reliable, but not guaranteed, buyer to verify ALL information, to their satisfaction before bidding. We do not approve any international bidding. It is up to the auctioneer to approve or disapprove bidders.

New Bidders, please Pre-Register, we will have to approve you to Bid!