NOT LISTED FOR SALE

1240 Fairway Dr Unit 27 & 27A Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $769,360 - $2,101,000

3 Beds
3 Baths
2,928 Sq Ft
$512/Sq Ft Est. Value

Last Sold September 15, 2017

Last sale price $475,000 $162 Per Sq Ft

Est. 216% increase in value since last sale

Current estimated payment $8,831/month

8 Days on Market

Highlights

  • Community Lake
  • Wood Flooring
  • Level Lot
  • Arts and Crafts Architecture
  • Community Playground
  • Wood Burning Fireplace

About This Home

As of September 2017

Lakefront AND fronts golf course. Rare opportunity in Lake Toxaway Estates; 4th hole and Lake Cardinal W/LARGE DOCK. 3 levels w/ 2 bedrooms on main. Stone fireplaces, soaring ceiling and spacious covered decks. Lake Cardinal is a paddle or electric motor only water system. Experience kayaking, fishing, sunrises or sunsets from your private residence. This fun "Treehouse" has plenty of room for entertaining guests and family. Level lot leads to fairway and Lake. Also deeded access to Lake Toxaway

Last Agent to Sell the Property

Fred Markert

WNCPROPERTY.COM License #194439 Listed on: 08/06/2017

Last Buyer's Agent

Hazel Fisher

Hazel R. Fisher & Associates License #119323

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1968

Lot Details

  • Level Lot

HOA Fees

  • $208 Monthly HOA Fees

Parking

  • Gravel Driveway

Home Design

  • Arts and Crafts Architecture

Interior Spaces

  • 3 Full Bathrooms
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Wood Flooring

Utilities

  • Heating System Uses Propane
  • Well

Listing and Financial Details

  • Assessor Parcel Number 8513-61-3457-000

Community Details

Overview

  • Ipm Association, Phone Number (828) 966-5493
  • Community Lake

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Year Built

Built in 1968

Lot Details

0

HOA Fees

$208 per month

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 2 Story
  • Architectural Style: Arts and Crafts
  • Ratio Close Price By List Price: 0.95960
  • Ratio Close Price By Original Li: 0.95960
  • Ratio Current Price By Acre: 678571.43
  • Ratio Current Price By Sq Ft: 162.23
  • Year Built: 1968
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement, Concrete
  • Upper Level Sq Ft: 384
  • Full Bathrooms: 3
  • Total Bathrooms: 3.00
  • Total Bedrooms: 3
  • Equipment: Cooktop Gas
  • Fireplace Description: Gas Logs, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • H O A Management Phone: 828-966-5493
  • Laundry Location: Main
  • Room Count: 2
  • Sq Ft Basement: 1272
  • Main Level Sq Ft: 1272
  • Total Sq Ft: 2928

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel

Utilities

  • Heating: Gas Hot Air Furnace, Propane
  • Sewer: Septic Tank
  • Water: Well
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Lake, Playground
  • Association Fee: 2500.00
  • Association Fee Frequency: Annually
  • HOA Management Company: IPM
  • Hoa Subject To Dues: Mandatory

Schools

  • Elementary School: TC Henderson
  • Middle School: Rosman
  • High School: Rosman

Lot Info

  • Lot Features: Lake Access, Level, Mountain View, On Golf Course
  • Lot Size Area: 0.700
  • Parcel Number: 8513-61-3457-000
  • Plat Reference Section Pages: 118
  • Zoning Specification: res

Tax Info

  • Tax Value: 360900.00
  • Tax Amount Ncm: 360900.00
  • Tax Location: Transylvania

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2017
Closed on
Sep 6, 2017
Sold by
Seropian Diran M
Bought by
Frazer Ashford D and Frazer Abigail Taylor
Seller's Agent
Fred Markert
WNCPROPERTY.COM
Buyer's Agent
Hazel Fisher
Hazel R. Fisher & Associates
List Price
$495,000
Sold Price
$475,000
Premium/Discount to List
-$20,000
-4.04%
Total Days on Market
8
Current Estimated Value
$1,500,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,025,590
Avg. Annual Appreciation
16.07%

Purchase Details

Closed on
Mar 1, 1991
Bought by
Seropian Diran M
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Frazer Ashford D $475,000 None Available
Seropian Diran M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frazer Ashford D $510,401
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2017 09/15/17 Sold $475,000 -4.0% $162 / Sq Ft
08/14/2017 08/14/17 Pending -- -- --
08/06/2017 08/06/17 For Sale $495,000 -- $169 / Sq Ft
Source: Canopy MLS (Canopy Realtor® Association)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $2,400 $364,610 $125,000 $239,610
2023 $2,400 $364,610 $125,000 $239,610
2022 $2,400 $364,610 $125,000 $239,610
2021 $2,382 $364,610 $125,000 $239,610
2020 $2,512 $360,900 $0 $0
2019 $2,494 $360,900 $0 $0
2018 $2,041 $360,900 $0 $0
2017 $2,017 $360,900 $0 $0
2016 $2,010 $360,900 $0 $0
2015 $1,859 $438,780 $250,000 $188,780
2014 $1,859 $438,780 $250,000 $188,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3308758

Canopy MLS (Canopy Realtor® Association)

APN: 8513-61-3457-000