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1827 Elk Springs Way Unit Finder KeepersGatlinburg, TN 37862
$1,079,000  
4  Bd
3  Ba
2,704  Sq. Ft.
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Featured
Awning's team reviews and analyzes every listing we surface. Featured listings are our team's favorites.

Key Insights
B-
Overall Niche neighborhood grade
This neighborhood is a desirable place to live! See details
NEW
Market Data
B
Overall Niche school grade
The public schools in this area are good! See details

Awning Agent
Humberto Marquez
Humberto Marquez
#: 366884
Humberto has four years of real estate experience prior to working for Awning. He has helped hundreds of clients across multiple real estate markets with buying properties and actively invests himself. Feel free to ask him any questions you have about Awning, investing, or any listing.
Note from Humberto

Furnishing Budget

$42,040

The budget includes cost of designing the space, the cost of the furniture throughout the entire home, outdoor amenities that are shown to increase average daily rates (ADR) and the cost of shipping and assembly of furniture.


Renovation Cost Estimate

$5,000

Some additional repairs to improve the house's appearance and to ensure the property is rent ready



Highlights

  • The home is located minutes drive from Rocky Top Sports World, Legacy Mountain Ziplines, The Island in Pigeon Forge, Dollywood, Smoky Mountain Alpine Coaster, Gatlinburg, and Great Smoky Mountains National Park
  • The home has an HOA fee of $150/per month
  • The home is not located in a flood zone


Comps

Use our Estimator tool to find great comps: click here

Ask Humberto a question
Response time: typically within an hour
Text or call  682-730-0010

Description
Your dream investment cabin has just hit the market! Finders Keepers is a four bedroom, three bath cabin in Elk Springs Resort just outside of Gatlinburg. Rarely does a four bedroom cabin with this kind of rental income in a highly regarded neighborhood come up for sale at this price! In addition to the stellar rental income, the low operating costs create an appealing investment opportunity. Featuring a top notch private theater room, it produced $122,221 (2021) and $117,579 (2022) the past two years (just includes rental rate revenues, not cleaning fees, taxes, or any other related fees/taxes). The $150 monthly HOA fee is a bargain as it includes the water and Xfinity cable/internet which often is higher than $150 monthly on its own! Elk Springs Resort is also one of the few cabin communities that has natural gas (through Sevier County Utility District) so your fireplaces will heat effectively and efficiently! Operating costs are surprisingly low for a four bedroom STR cabin of its size with 2022 monthly averages of electric at $249, community septic $90, gas $116, the cable/internet/water all covered within the $150 HOA fee, and reasonable insurance costs. There are decks and porches galore at Finders Keepers allowing for some great porch sitting and opening up opportunities for some outdoor living for guests. Finders Keepers doesn't lack fun or amenities and this isn't your run of the mill theater room haphazardly thrown into a game room as a secondary thought. This cabin features a dedicated theater room with dark stained T&G walls for folks to watch their favorite shows in style! Opportunities for fun abound in the large game room area. The cabin is also tastefully decorated throughout. Elk Springs Resort and this cabin are ideally situated in the Gatlinburg Arts & Crafts community just east of Gatlinburg. The property is easily accessed without steep roads near the front of the subdivision and just minutes from downtown Gatlinburg and even closer to the Gatlinburg Arts & Crafts Community on Glades Road. Schedule a showing and write an offer on this spectacular cabin - you won't be disappointed! The great rental income, convenient easy access location, and excellent bang for your buck HOA fees are a recipe for success in our short term cabin rental market.
Read more
Listed by: Jay Fradd · DRE#: 2534 · Smoky Mountain Real Estate CorporationSource: MLS logo gsmaor · MLS#: 257371 · Originating MLS: Great Smoky Mountains AORAwning last checked: today at 1:29 AM | Last updated 05/19/2023Listing data provided via Home Junction MLS logo

Property Facts & Features
Facts
Units
1
$/SQFT
$399
$/Unit
$1,079,000
Lot size
-
Built in
2008
Days on Awning
10

Copyright: Listing Information © 2023 Great Smoky Mountains Association of Realtors®. All Rights Reserved.Disclaimer: All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information.MLS logo
 
Awning Analysis The following projections are computed using a proprietary formula. It is a starting point in determining the financial potential for a specific property. The analysis is pulled from public property data and similar local properties listed for rent; there may be special features, location, and market conditions our algorithms have not taken into account.
Monthly Estimated Airbnb Revenue
$12,500

NeighborhoodGet to know what living in 37862 is like.
Report Card for 37862Niche grades and rankings are calculated using dozens of public data sets and millions of reviews. Learn more about how Niche calculates these grades.
Overall Grade
B-

Public Schools
B
Commute
B+
Cost of Living
B
Crime & Safety
B
Diversity
B
Good for Families
B-
Jobs
B
Walkability
C+
Data provided by Niche.

Living in 37862
Bars
B-
Coffee Shops
A-
Health & Fitness
C+
Nightlife
A-
Outdoor Activities
B
Parks
B-
Restaurants
A
Weather
B-
Data provided by Niche.

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Schools in 37862
This is based on data from the U.S. Department of Education along reviews from students and parents.
Overall GradeThis home is in an B school district, meaning the public schools in this area are good!
B

Gatlinburg Pittman High SchoolGrades 9 to 12Serves this home • 2.6 miles away
A
Academics
A-
Teachers
A-
Student-Teacher Ratio
14:1
Total Students
603
Pittman Center Elementary SchoolGrades PK, K to 8Serves this home • 4.3 miles away
B-
Academics
B
Teachers
B+
Student-Teacher Ratio
15:1
Total Students
334
Catlettsburg Elementary SchoolGrades PK, K to 6Serves this home • 20.1 miles away
B-
Academics
B
Teachers
B+
Student-Teacher Ratio
16:1
Total Students
621
Pigeon Forge High SchoolGrades 9 to 12Serves this home • 13.2 miles away
B+
Academics
B
Teachers
A-
Student-Teacher Ratio
13:1
Total Students
707
Seymour High SchoolGrades 9 to 12Serves this home • 29.6 miles away
B
Academics
B
Teachers
B
Student-Teacher Ratio
13:1
Total Students
775
School data provided by Niche.  School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.

Market StatisticsMarket Statistics are provided directly from Niche, as well as calculated using historical transaction data provided by local governments.
37862 StatsSee how this home compares to the zip code medians.
37862 Median
Home Value
$194,700
Rent
$773
Rent-to-Income
21.4%
Income
$43,266
This Home
Listing Price
$1,079,000454% higher than zip
Rent
$2,380208% higher than zip
Rent to Income
66.0%208% higher than zip
Market statistics provided by Niche.


Demographics
Learn more about the area's income, population, and employment trends. Data provided by the US Census and the Bureau of Labor Statistics.
Household Income
See how the area’s average household income has changed over time.
This chart is unavailable due to screen size
in Year 2019
  • 37862
    $64k
  • County
    $61k

Population
See how the area’s total population has changed over time.
This chart is unavailable due to screen size
in Year 2020
  • 37862
    22,481
  • Average in County
    6,168

Rent vs Own
See the percentage of homes occupied by owners in the area.
% Owner Occupied for 3786259%
% Owner Occupied for County77%

Employment
See the percentage of adults working white collar jobs in the area.
% White Collar for 3786260%
% White Collar for County53%

Hold Bachelor's Degree
See the percentage of adults who hold at least a bachelor's degree in the area.
3786217%
County15%

Age Distribution 37862
See the distribution of people by age in 37862.
Under 2024%
20 - 4431%
45-6425%
65+21%