625 Pinecrest Dr · Gatlinburg, TN 37738

$624,999

2 bd · 3.0 ba · 2,160 sqft · SingleFamily public records · 10 Days on market

Built 2019 435 sqft lot $289/sqft · 35% below area Est $961k · 35% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +15.0/30.0
• ARV discount +15.0/15.0
• DSCR +4.6/10.0
• Livability +3.7/5.0
• 1% rule +3.0/10.0
• Rent growth +2.5/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Here's a rare opportunity to acquire two fully operational, income-producing cabins in one of the Smoky Mountains' most desirable vacation rental communities - Chalet Village North in Gatlinburg, Tennessee. Whether you're expanding an existing STR portfolio or making your first move into the Gatlinburg market, this turn-key package delivers immediate cash flow and long-term appreciation potential in a market that draws millions of visitors every year. Both cabins are 2 bedrooms and 2 bathrooms, finished completely in tongue-and-groove wood throughout - the kind of authentic mountain craftsmanship that drives five-star reviews and repeat bookings. Each cabin features its own private hot tub, a cozy electric fireplace, and sweeping mountain views that make guests feel like they've truly escaped. These aren't cookie-cutter rentals - they have the character and charm that stand out on Airbnb and VRBO and command premium nightly rates. The location couldn't be more dialed in for vacation rental success. Sitting just minutes from Ober Gatlinburg - with its skiing, aerial tramway, and year-round attractions - and less than 25 minutes from Dollywood and the full stretch of Pigeon Forge's dining, shopping, and entertainment, these cabins appeal to every type of Smoky Mountain traveler across every season. Acquiring both cabins together means streamlined property management, shared operational efficiencies, and a stronger foothold in a market where inventory at this quality level rarely comes available. If you've been looking to plant your flag - or grow your presence - in Gatlinburg, this is the package worth moving on.

Key facts

• Move in ready cabin
• Community pool
• Incredible views

Tags

• MOVE IN READY CABIN
• INCREDIBLE VIEWS
• COMMUNITY POOL
• SPACIOUS DECK
• PRIVATE HOT TUB
• DECK WITH PROPANE FIRE TABLE

Property features AI

Finance

• HOA & community: Homeowners association with yearly fee; Playground in the community

Exterior

• Parking: Off-street parking; Designated parking
• Utilities: Septic tank
• Home design: Not attached to another dwelling
• Construction: Wood siding; Block construction; Frame construction
• Exterior features: Private lot; Wooded lot; Mountain and seasonal mountain views

Interior

• Kitchen: Dishwasher; Microwave; Self-cleaning oven; Other kitchen appliances
• Flooring: Hardwood floors
• Bathrooms: 2 full bathrooms
• Heating & cooling: Electric heating; Other heating; Cooling system (other)
• Interior features: Finished basement; Other basement features; Electric fireplace; 8 total rooms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 2-bed/3.0-bath single-family listed at $625k.

Deal economics

• At list price, monthly cash flow is $192 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $500k (20.1% below list).
• Recommended offer: $500k (20.1% below list) — sets the bar for 1% rule.
• Cap rate 6.7% vs local median 1.3% in Gatlinburg — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 73/100 on livability (#27 in TN) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A; Watch: crime F, amenities F, employment D-.
• Sevier County (rural): math 31% / reading 28% proficiency, ranked #62 of 139 in TN (top 45%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: New Center Elementary (math 32% / reading 28%, grade F, #415 of 952 statewide, top 44%, 855 students, 0% FRL); Seymour Junior High (math 40% / reading 30%, grade F, #65 of 333 statewide, top 20%, 766 students, 0% FRL); Sevier County High School (math 20% / reading 38%, grade F, #92 of 332 statewide, top 28%, 1,248 students, 0% FRL) — zoned schools average 0% FRL vs 52% district-wide (52 pts lower); this property's tenant base skews higher-income than the district average.
• Market conditions: 700 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,594 units permitted in Sevier County in 2024 (456 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $4k of loan paydown is wiped out by about $19k of value loss. Plan a longer hold.
• Sevier County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 9y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $14k; list at $625k implies a 4530% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Climate carrying-cost: moderate wildfire risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $499,500 (20.1% below list)

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.80% ✗
• Cap rate: 6.66%
• Cash-on-cash: 1.31%
• DSCR: 1.06
• GRM: 10.4

CMA / ARV

• ARV (median comp): $961,057
• List price: $624,999
• Delta: 37.86%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
912 Aspen Ln	0.41mi	3/3.0 (+1)	2,090 (-3%)	2mo	$909,000	$435	68
964 Village Loop Rd	0.41mi	3/3.5 (+1)	2,180 (+1%)	7mo	$865,000	$397	66
807 Crestwood Ln	0.16mi	3/3.0 (+1)	2,057 (-5%)	18mo	$750,000	$365	64
807 Wattle Blossom Way	0.24mi	3/3.0 (+1)	1,877 (-13%)	7mo	$435,000	$232	56
754 Wiley Oakley Dr	0.34mi	2/3.0	2,359 (+9%)	21mo	$925,000	$392	51
904 Elm Rd	0.70mi	2/2.0	2,190 (+1%)	15mo	$950,000	$434	49
1013 Street Of Dreams	0.37mi	3/2.0 (+1)	1,840 (-15%)	10mo	$670,000	$364	41

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -14.3%
• Equity multiple: 0.49×
• Total profit: $-89,347
• Equity at exit: $93,189

10-year hold

• IRR: -5.6%
• Equity multiple: 0.64×
• Total profit: $-63,195
• Equity at exit: $54,038

Cash invested: $175,000 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Tennessee: 87 Strongly Landlord-Friendly · R+13
• County: — inherits STATE
• City: — inherits STATE

14-day notice (URLTA); generally landlord-favorable; Nashville court paced moderate.

Methodology + full state rankings →

ZIP-level market 37738

• Home prices YoY: -28.5%
• Active inventory: 700
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $4,995 medium
• Mortgage (P&I): −$3,278
• Tax from tax record: −$216 /mo · $2,598/yr
• Insurance: −$260
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,049
• Net cashflow: $192

Break-even live

Break-even rent $4,753

Max offer price $624,999

Occupancy floor 91%

Sensitivity live

Price	-10% $545	-5% $368	+0% $192	+5% $15	+10% $-162
Rent	-10% $-203	-5% $-6	+0% $192	+5% $389	+10% $586
Rate	-1.0pp $506	-0.5pp $351	base $192	+0.5pp $30	+1.0pp $-135

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $156,250
• Closing costs: $18,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
327 E Holly Ridge Rd Gatlinburg, TN	3.0	3.0	1657	$4,995	$3.01	25d	1	1.47mi

Listing history 25 events

1. 2026-06-22
   days on market $624,999 Active 10 DOM
2. 2026-06-19
   days on market $624,999 Active 8 DOM
3. 2026-06-18
   price $624,999 Active 7 DOM
4. 2026-06-18
   days on market $625,000 Active 7 DOM
5. 2026-06-17
   days on market $625,000 Active 6 DOM
6. 2026-06-16
   days on market $625,000 Active 5 DOM
7. 2026-06-15
   days on market $625,000 Active 4 DOM
8. 2026-06-14
   days on market $625,000 Active 2 DOM
9. 2026-06-13
   pricedays on marketlisting id $625,000 Active 1 DOM
10. 2026-06-10
    days on market $1,324,909 Active 26 DOM
11. 2026-06-09
    days on market $1,324,909 Active 25 DOM
12. 2026-06-08
    days on market $1,324,909 Active 24 DOM
13. 2026-06-07
    pricedays on market $1,324,909 Active 23 DOM
14. 2026-06-02
    days on market $1,324,990 Active 18 DOM
15. 2026-06-01
    days on market $1,324,990 Active 17 DOM
16. 2026-05-31
    days on market $1,324,990 Active 16 DOM
17. 2026-05-30
    days on market $1,324,990 Active 15 DOM
18. 2026-05-15
    listed $1,325,000 Active 1638-char remark

    Show marketing remark (1638 chars)

    Here's a rare opportunity to acquire two fully operational, income-producing cabins in one of the Smoky Mountains' most desirable vacation rental communities - Chalet Village North in Gatlinburg, Tennessee. Whether you're expanding an existing STR portfolio or making your first move into the Gatlinburg market, this turn-key package delivers immediate cash flow and long-term appreciation potential in a market that draws millions of visitors every year. Both cabins are 2 bedrooms and 2 bathrooms, finished completely in tongue-and-groove wood throughout - the kind of authentic mountain craftsmanship that drives five-star reviews and repeat bookings. Each cabin features its own private hot tub, a cozy electric fireplace, and sweeping mountain views that make guests feel like they've truly escaped. These aren't cookie-cutter rentals - they have the character and charm that stand out on Airbnb and VRBO and command premium nightly rates. The location couldn't be more dialed in for vacation rental success. Sitting just minutes from Ober Gatlinburg - with its skiing, aerial tramway, and year-round attractions - and less than 25 minutes from Dollywood and the full stretch of Pigeon Forge's dining, shopping, and entertainment, these cabins appeal to every type of Smoky Mountain traveler across every season. Acquiring both cabins together means streamlined property management, shared operational efficiencies, and a stronger foothold in a market where inventory at this quality level rarely comes available. If you've been looking to plant your flag - or grow your presence - in Gatlinburg, this is the package worth moving on.

19. 2024-08-05
    historical
20. 2024-03-11
    price $799,000
21. 2024-03-11
    price $799,000
22. 2023-12-19
    listed $850,000 Active
23. 2023-12-19
    listed $850,000 Active
24. 2017-05-30
    soldstatus $13,500
25. 2000-10-13
    soldstatus $151,050

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TN · Resets to sale price

• Current annual tax: $2,598 · $216/mo
• Projected year-2 tax: $4,437 · $370/mo
• Expected delta: +$1,839/yr (+$153/mo · 70.8%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 5/10 Major
• 🌡 Heat 4/10 Moderate 7 d/yr ≥98°F today · 20 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $59,940
• − Mortgage interest: −$35,010
• − Property taxes: −$2,598
• − Insurance: −$3,125
• − Repairs & maintenance: −$4,795
• − Management: −$4,795
• − Depreciation: −$18,182
• Taxable loss: −$8,565
• Est. tax savings @ 24.0%: +$2,056
• After-tax cash flow: $4,354/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Sevier County
• NCES district ID: 4703780
• Math proficiency: 31% ▼ -6.00%
• Reading proficiency: 28% ▼ -4.00%
• Median HH income: $42,730
• Composite: 25.12/100
• National rank: #7527
• State rank: #62 of 139 in TN

Livability — Gatlinburg

• Score: 73/100
• State rank: #27
• US rank: #5524

Category grades

Amenities F Commute A+ Cost of living A Crime F Employment D- Housing B- Health & safety B- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 5,269

Population outlook (Sevier County) Hauer SSP2

• Today (2025): 107,903 people
• By 2030: 113,633 · +5.3%
• By 2040: 123,969 · +14.9%
• By 2050: 132,123 · +22.4%
• By 2075: 148,524 · +37.6%
• By 2100: 153,436 · +42.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Hispanic / Latino 12% Two or more races 4% Black 3% Asian 3%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Slovak 6% Serbian 5% Romanian 3%
• Foreign-born: 12% · Canada, China
• Languages at home: 86% English-only · Spanish 10% Other Indo-European 2% Chinese 1%

Political lean MEDSL · Sevier

• 2024 margin: Solid R (+61.1) · D 18.9% · R 80.1% · Other 1.0%
• 2008→2024 swing: -13.1pp toward R · 2008: -48.1pp · 2024: -61.1pp
• All cycles: 2024: R+61.1 2020: R+57.6 2016: R+61.7 2012: R+54.8 2008: R+48.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -118.02%
• Current HPI: 296.203
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 2.78%
• F500 in state: 22

Industry mix (Fortune 500 HQ in TN)

Industry	F500 HQs	Revenue
▸Healthcare	3	$91B
▸Retail	3	$72B
▸Transportation / Logistics	1	$88B
▸Paper / Packaging	1	$19B
▸Insurance	1	$13B
▸Energy	1	$12B

Price history

+313.8% since first listed

16 events — show timeline

• 2026-06-18 Price Changed $624,999 Knoxville MLS
• 2026-06-12 Price Changed $1,324,900 Knoxville MLS
• 2026-06-11 Listed $625,000 Knoxville MLS
• 2026-06-05 Price Changed $1,324,909 Knoxville MLS
• 2026-05-29 Price Changed $1,324,990 Knoxville MLS
• 2026-05-22 Price Changed $1,324,999 Knoxville MLS
• 2026-05-15 Listed $1,325,000 Knoxville MLS
• 2024-08-05 Listing Removed — Knoxville MLS
• 2024-03-11 Price Changed $799,000 Knoxville MLS
• 2024-03-11 Price Changed $799,000 GSMAR
• 2023-12-19 Listed $850,000 GSMAR
• 2023-12-19 Listed $850,000 Knoxville MLS
• 2017-05-30 Sold (MLS) $13,500 REALTRACS as Distributed by MLS Grid
• 2017-05-30 Sold (MLS) $13,500 GSMAR
• 2017-05-12 Listed $15,000 REALTRACS as Distributed by MLS Grid
• 2000-10-13 Sold (Public Records) $151,050 Public Records

Property tax history

+12.8%/yr

Latest (2025): $2,598 · +0.0% YoY. Source: county tax records.