NOT LISTED FOR SALE

1615 Cold Mountain Rd Unit 16 Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $1,784,000 - $3,283,000

2 Beds
2.5 Baths
2,784 Sq Ft
$835/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $1,300,000 $467 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $13,791/month

6 Days on Market

Highlights

  • Golf Course Community
  • Waterfront
  • Clubhouse
  • Fitness Center
  • Community Lake
  • Private Lot

About This Home

As of July 2021

Multiple offers, showings until May 15th at which time seller is calling for all offers by 5:00 p.m. Situated on the lakefront just inside a quiet cove, this quaint home is waiting for your special touch to make it your vacation or year-round home. It has been lovingly cared for by the last owner. One of the few flat lots with mature trees, a fenced yard, circular driveway, a boathouse with a lift, generator, open covered deck, and stone wood-burning fireplaces in the great room upstairs and family room downstairs. One of the first homes to have a bridge from the main deck of the home to the boathouse deck to enjoy many evenings entertaining by the lake. Choose to become part of the Lake Toxaway Country Club (with approved application) or just enjoy the serenity this cove offers with its view, fishing, boating, skiing, or swimming. Come bring the family and enjoy lakefront living and the cool, clean mountain air.

Last Agent to Sell the Property

Cynthia Howard

BluAxis Realty License #301480 Listed on: 05/10/2021

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1965

Lot Details

  • Waterfront
  • Private Lot
  • Level Lot

HOA Fees

  • $201 Monthly HOA Fees

Parking

  • Attached Garage

Home Design

  • Vinyl Siding

Interior Spaces

  • Wood Burning Fireplace
  • Pull Down Stairs to Attic

Flooring

  • Tile
  • Vinyl Plank

Utilities

  • Heating System Uses Propane
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 8523-00-1522-000
  • Tax Block E

Community Details

Overview

  • Ipm Corp Association, Phone Number (828) 966-9463
  • Community Lake

Amenities

  • Picnic Area
  • Clubhouse

Recreation

  • Golf Course Community
  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Fitness Center
  • Community Pool
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 1965

Lot Details

0

HOA Fees

$201 per month

Parking

1

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Ratio Close Price By List Price: 1.18182
  • Ratio Close Price By Original Li: 1.18182
  • Ratio Current Price By Acre: 1911764.71
  • Ratio Current Price By Sq Ft: 466.95
  • Year Built: 1965
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance, Block
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bathrooms: 3.00
  • Total Bedrooms: 2
  • Equipment: Ceiling Fan(s), Dishwasher, Disposal, Dryer, Electric Oven, Electric Range, Exhaust Hood, Generator, Refrigerator, Washer
  • Fireplace Description: FAMILYRM, Great Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Vinyl Plank
  • H O A Management Phone: 828-966-9463
  • Interior Amenities: Attic Stairs Pulldown, Vaulted Ceiling
  • Laundry Location: Basement, Laundry Room
  • Room Count: 2
  • Sq Ft Basement: 1348
  • Main Level Sq Ft: 1436
  • Total Sq Ft: 2784

Exterior Features

  • Construction: Vinyl
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard

Garage/Parking

  • Driveway: Asphalt
  • Parking: Attached Garage, Garage - 1 Car, Garage Door Opener

Utilities

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

Condo/Co-op/Association

  • Community Features: Club House, Fitness Center, Golf Course, Lake, Outdoor Pool, Picnic Area, Playground, Recreation Area, Security, Tennis Court(s), Walking Trails
  • Association Fee: 2413.00
  • Association Fee Frequency: Annually
  • HOA Management Company: IPM Corp
  • Hoa Subject To Dues: Mandatory

Schools

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

Lot Info

  • Lot Features: Lake, Level, Paved Frontage, Private, Waterfront, Year Round View
  • Lot Size Area: 0.680
  • Parcel Number: 8523-00-1522-000
  • Plat Book Slide: 3/167
  • Plat Reference Section Pages: 2/173

Tax Info

  • Tax Value: 973840.00
  • Tax Block: E
  • Tax Location: Transylvania

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2021
Closed on
Jun 14, 2021
Sold by
Stuart Sylvia and Estate Of Ruby Mae Griggers
Bought by
Armas Ignacio and Armas Teresa
Seller's Agent
Cynthia Howard
BluAxis Realty
Buyer's Agent
Non Member
Canopy Administration
List Price
$1,100,000
Sold Price
$1,300,000
Premium/Discount to List
$200,000
18.18%
Total Days on Market
6
Current Estimated Value
$2,325,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,025,789
Avg. Annual Appreciation
13.28%
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
Armas Ignacio $1,300,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $1,300,000 +18.2% $467 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $1,100,000 -- $395 / 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 $6,411 $973,840 $750,000 $223,840
2023 $6,411 $973,840 $750,000 $223,840
2022 $6,411 $973,840 $750,000 $223,840
2021 $6,374 $973,840 $750,000 $223,840
2020 $5,580 $799,740 $0 $0
2019 $5,540 $799,740 $0 $0
2018 $4,534 $799,740 $0 $0
2017 $4,483 $799,740 $0 $0
2016 $4,467 $799,740 $0 $0
2015 $3,920 $922,320 $750,000 $172,320
2014 $3,920 $922,320 $750,000 $172,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3732284

Canopy MLS (Canopy Realtor® Association)

APN: 8523-00-1522-000