1131 Tanrac Trl, Gatlinburg, TN, 37738
About This Home
Fantastic 2-for-1 investment opportunity just minutes from the heart of Gatlinburg with an ASSUMABLE MORTGAGE at 4.5%! This versatile property is ideal as a short-term rental with a beautiful stone fireplace. It also works perfectly as a long-term rental or primary residence with a private in-law suite. Each level offers its own driveway, entrance, kitchen, living area, and sleeping quarters. Recent updates include new roof, LVP flooring upstairs, paint, walk-in shower, railing around back deck, countertops, oven, refrigerator, detached shed/workshop, and more. Conveniently located just 6 minutes to the Arts & Crafts Community and 10 minutes to Downtown Gatlinburg, with low county-only taxes and no HOA dues.
Getting Around
Car-Dependent
Very Limited Transit
Not Bike FriendlySchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1976
Materials
- Roof: Composition
- Construction materials: Block
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Single Family Residence,Residential
Interior
Appliances
- Appliances included: Disposal,Humidifier
- Laundry features: Electric Dryer Hookup,Washer Hookup
Basement
- Basement: Crawl Space,None
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Additional Living Quarters,Granite Counters,High Speed Internet,In-Law Floorplan
- Flooring: Carpet,Luxury Vinyl
- Number of fireplaces: 1
- Fireplace: Yes
- Finished area below ground: 960
- Finished area above ground: 960
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 1,920
- Total interior livable area: 1,920 sqft
Property
Details
- Parcel number: 117B B 00800 000
- Zoning: R-1
- Other equipment: Generator
Features
- Levels: Two
- Stories: 2
- Patio & porch: Deck,Porch
- Exterior features: Rain Gutters,Storage
Lot
- Lot size: 0.38 Acres
- Features: Wooded
Parking
- Parking features: Attached,Carport,Driveway
- Carport: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Landslide
- Lightning
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Tennessee Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,146 | $25,752 |
| Home Insurance | $138 | $1,656 |
| Property Taxes | $524 | $6,288 |
| Electricity | $175 | $2,103 |
| Total | $2,983 | $35,796 |
Income You'd Need if You Spent...
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-03 | Price change | $424,500 |
| 2026-07-24 | Price change | $439,500 |
| 2026-06-29 | Listed for sale | $445,000 |
| 2001-09-18 | Sold | $109,900 |
| 1996-04-30 | Sold | $89,000 |
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