NOT LISTED FOR SALE

142 Indian Trace Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $4,641,020 - $6,030,000

3 Beds
4.5 Baths
5,024 Sq Ft
$1,045/Sq Ft Est. Value

Last Sold September 25, 2018

Last sale price $2,400,000 $478 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $28,987/month

Highlights

  • Marina
  • Docks
  • 1.85 Acre Lot
  • Lake Front
  • Built-In Refrigerator
  • Community Lake

About This Home

As of September 2018

Located on the north side of Indian Trace, this magnificent oversized 1.8 acre lot offers some of the best big water and mountain views on Lake Toxaway. Gently sloping topography with approx. 280 feet of prime lake frontage with a dock, boathouse and seawall are in. The home was originally constructed in 1965 with renovations completed in 1981. Additional guest quarters “the cabin” is connected by covered outdoor walkway. The property is less than a mile to the lake toxaway country club, marina and Greystone Inn.

Last Agent to Sell the Property

Will Heinitsh

Lake Toxaway Company Brokerage Phone: 8289664260 Listed on: 07/07/2018

Last Buyer's Agent

Chip Freeman

Lake Toxaway Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,417

Year Built

  • Built in 1965

Lot Details

  • 1.85 Acre Lot
  • Lake Front

Parking

  • 2 Car Garage

Property Views

  • Lake
  • Mountain

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Living Room with Fireplace
  • Workshop
  • Dryer

Kitchen

  • Built-In Refrigerator
  • Dishwasher

Flooring

  • Parquet
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Docks

Utilities

  • Central Air
  • Heat Pump System
  • Baseboard Heating
  • Private Water Source
  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 8522-16-4555-000

Community Details

Overview

  • Property has a Home Owners Association
  • Lake Toxaway Estates Subdivision
  • Community Lake

Recreation

  • Marina
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,417

Year Built

Built in 1965

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.85
  • Water Body Name: Lake Toxaway
  • Subdivision Name: Lake Toxaway Estates
  • Directions: From US Hwy 64 at main entrance into Lake Toxaway Estates continue on West Club Blvd for 2.2 miles until stop sign. Take right turn and continue on West Club Blvd for 1.1 miles. Turn right onto Indian Trace and go .1 miles. home on right marked at mailbox.
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1965
  • Attribution Contact: 8289664260
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Built-In Refrigerator, Dryer, Dishwasher, Refrigerator, Washer
  • Has Basement: Full, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Parquet
  • Interior Amenities: Separate/Formal Dining Room, Workshop

Exterior Features

  • Lot Features: Level, Partially Cleared
  • View: Lake, Mountain(s)
  • View: Yes
  • Waterfront Features: Lake
  • Construction Type: Wood Siding
  • Exterior Features: Dock
  • Other Structures: Boat House, Guest House
  • Patio And Porch Features: Rear Porch
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Garage, Two Car Garage, Gravel

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Baseboard, Heat Pump
  • Heating Yn: Yes
  • Sewer: Sewer Applied for Permit, Septic Tank
  • Utilities: Cable Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Lake, Marina, Near National Forest, Playground
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 80586.0
  • Parcel #: 8522-16-4555-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 10416.62
  • Tax Lot: 3
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 7, 2018
Closed on
Sep 17, 2018
Sold by
Frye Jamesc and Phyfer Lorie Frye
Bought by
Sumter Frederick Neal and Sumter Rosa Tarbutton
Seller's Agent
Will Heinitsh
Lake Toxaway Company
Buyer's Agent
Chip Freeman
Lake Toxaway Company
List Price
$2,500,000
Sold Price
$2,400,000
Premium/Discount to List
-$100,000
-4%
Current Estimated Value
$5,109,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,709,754
Avg. Annual Appreciation
9.83%

Purchase Details

Closed on
Nov 1, 2001
Bought by
Frye Helen
Source: Public Records

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
Sumter Frederick Neal $2,400,000 None Available
Frye Helen -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tarbutton Sumter Iii Frederick Neal $1,264,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2018 09/25/18 Sold $2,400,000 -4.0% $478 / Sq Ft
08/23/2018 08/23/18 Pending -- -- --
07/16/2018 07/16/18 For Sale $2,500,000 -- $498 / Sq Ft
Source: Highlands-Cashiers Board of REALTORS®

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 $12,129 $2,379,690 $1,800,000 $579,690
2023 $15,666 $2,379,690 $1,800,000 $579,690
2022 $15,666 $2,379,690 $1,800,000 $579,690
2021 $15,547 $2,379,690 $1,800,000 $579,690
2020 $14,130 $2,030,230 $0 $0
2019 $14,029 $2,030,230 $0 $0
2018 $10,534 $1,863,170 $0 $0
2017 $10,417 $1,863,170 $0 $0
2016 $10,379 $1,863,170 $0 $0
2015 -- $2,161,180 $1,750,000 $411,180
2014 -- $2,161,180 $1,750,000 $411,180
Source: Public Records

Agents Affiliated with this Home

  • Will Heinitsh

    Seller's Agent in 2018

    Will Heinitsh

    Lake Toxaway Company

    (828) 966-4260

    36 in this area

    37 Total Sales

    Section Image
  • Chip Freeman

    Buyer's Agent in 2018

    Chip Freeman

    Lake Toxaway Company

    (828) 712-6446

    48 in this area

    51 Total Sales

    Section Image
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 88928

APN: 8522-16-4555-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

142 Indian Trace, Lake Toxaway, NC

This home is located at 142 Indian Trace, Lake Toxaway, NC 28747 since 07 July 2018 and is currently estimated at $5,248,755, approximately $1,044 per square foot. This property was built in 1965. 142 Indian Trace is a home located in Transylvania County.

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