$1,900,000
SOLD DEC 12, 2018

1491 Cold Mountain Rd Lake Toxaway, NC 28747

Lake Toxaway Neighborhood
3 Beds
4.5 Baths
3,977 Sq Ft
0.59 Acres

Recently Sold

$478 Per Sq Ft

5% Below List Price

Highlights

  • Marina
  • Docks
  • Fitness Center
  • Lake Front
  • Golf Course Community
  • Community Lake

About This Home

As of May 2021

Beautiful lakefront home nestled into a cove. Beautifully decorated and ready to move in! Enjoy family time on the many decks, or swimming in the lake. The spacious deck above the boat house is ready for the next barbecue. Lake Toxaway CC is only minutes away by boat or a short car ride. Welcome to your new lakefront home! Amenities of the Lake Toxaway Country Club are private to its members. Membership is available pending application and approval by the membership committee.

Last Agent to Sell the Property

Chip Freeman

Lake Toxaway Company Brokerage Phone: 8289664260 Listed on: 11/06/2018

Last Buyer's Agent

Ross Hyett

Lake Toxaway Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,545

Year Built

  • Built in 1989

Lot Details

  • 0.59 Acre Lot
  • Lake Front
  • Lot Has A Rolling Slope

Property Views

  • Lake
  • Mountain

Home Design

  • Shingle Roof

Interior Spaces

  • 3-Story Property
  • Furnished or left unfurnished upon request
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Attached Garage
  • 2 Carport Spaces

Outdoor Features

  • Docks

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 8523-01-2143-000

Community Details

Overview

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

Amenities

  • Clubhouse

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool
  • Putting Green

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,545

Year Built

Built in 1989

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.59
  • Water Body Name: Lake Toxaway
  • Subdivision Name: Lake Toxaway Estates
  • Directions: From 64 Turn right on to Hwy 281. Follow until you pass the LT Fire Dept and turn left onto Cold Mountain Road. Follow until #1491 on left.
  • Architectural Style: Craftsman
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 1989
  • Attribution Contact: 8289664260
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Negotiable
  • Appliances: Electric Cooktop, Gas Oven, Refrigerator, Washer
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Ceiling Fan(s), Vaulted Ceiling(s)

Exterior Features

  • Lot Features: Rolling Slope
  • Pool Features: Community
  • View: Lake, Mountain(s)
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Disclosures: Other
  • Exterior Features: Dock
  • Other Structures: Boat House
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 2.0
  • Covered Parking Spaces: 2.0
  • Parking Features: Attached, Carport, Paved

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Sewer: Sewer Applied for Permit, Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Lake, Marina, Playground, Pool, Putting Green, Tennis Court(s), Water Access
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 25700.4
  • Parcel #: 8523-01-2143-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 7545.0
  • Tax Lot: 22
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2021
Closed on
May 24, 2021
Sold by
Correll Ada Lee F and Alston D Correll Jr Trust
Bought by
Thompson Irby J and Thompson Katherine W
Seller's Agent
Ross Hyett
Lake Toxaway Company
Buyer's Agent
Mo Mitchell
Lake Toxaway Company
List Price
$2,650,000
Sold Price
$2,685,000
Premium/Discount to List
$35,000
1.32%
Total Days on Market
0
Current Estimated Value
$3,612,952

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$927,952
Avg. Annual Appreciation
7.66%

Purchase Details

Listed on
Nov 6, 2018
Closed on
Dec 6, 2018
Sold by
Rollins Arthur W and Rollins Catherine C
Bought by
Correll Alston D and Alston D Correll Jr Trust
Seller's Agent
Chip Freeman
Lake Toxaway Company
Buyer's Agent
Ross Hyett
Lake Toxaway Company
List Price
$2,000,000
Sold Price
$1,900,000
Premium/Discount to List
-$100,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.09%

Purchase Details

Closed on
Jul 1, 2003
Bought by
Rollins Arthur W and Rollins Catherine C
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 Type Sale Price Title Company
Warranty Deed $2,685,000 None Available
Warranty Deed $1,900,000 None Available
Deed $855,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $999,000 New Conventional
Previous Owner $940,000 Construction
Previous Owner $1,840,500 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/27/2021 05/27/21 Sold $2,685,000 +1.3% $675 / Sq Ft
05/26/2021 05/26/21 Pending -- -- --
04/24/2021 04/24/21 For Sale $2,650,000 +39.5% $666 / Sq Ft
12/12/2018 12/12/18 Sold $1,900,000 -5.0% $478 / Sq Ft
11/08/2018 11/08/18 Pending -- -- --
11/07/2018 11/07/18 For Sale $2,000,000 -- $503 / 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 $12,196 $1,816,820 $750,000 $1,066,820
2023 $12,186 $1,816,820 $750,000 $1,066,820
2022 $12,222 $1,816,820 $750,000 $1,066,820
2021 $11,443 $1,816,820 $750,000 $1,066,820
2020 $9,355 $1,344,060 $0 $0
2019 $9,287 $1,344,060 $0 $0
2018 $7,631 $1,344,060 $0 $0
2017 $7,545 $1,344,060 $0 $0
2016 $7,520 $1,344,060 $0 $0
2015 -- $1,543,000 $750,000 $793,000
2014 -- $1,543,000 $750,000 $793,000
Source: Public Records

Agents Affiliated with this Home

  • Ross Hyett

    Seller's Agent in 2021

    Ross Hyett

    Lake Toxaway Company

    (828) 553-0411

    78 in this area

    82 Total Sales

    Ross Hyett
    Section Image
  • Mo Mitchell

    Buyer's Agent in 2021

    Mo Mitchell

    Lake Toxaway Company

    (828) 553-3319

    74 in this area

    74 Total Sales

    Mo Mitchell
    Section Image
  • Mish Nichols

    Buyer Co-Listing Agent in 2021

    Mish Nichols

    Lake Toxaway Company

    (704) 576-5511

    64 in this area

    66 Total Sales

    Mish Nichols
    Section Image
  • Chip Freeman

    Seller's Agent in 2018

    Chip Freeman

    Lake Toxaway Company

    (828) 712-6446

    50 in this area

    53 Total Sales

    Chip Freeman
    Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 89736

APN: 8523-01-2143-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

1491 Cold Mountain Rd, Lake Toxaway, NC

This home is located at 1491 Cold Mountain Rd, Lake Toxaway, NC 28747 and is currently priced at $1,900,000, approximately $477 per square foot. This property was built in 1989. 1491 Cold Mountain Rd is a home located in Transylvania County.

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