NOT LISTED FOR SALE

1615 Cold Mountain Rd Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

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

2 Beds
2.5 Baths
2,496 Sq Ft
$932/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $1,300,000 $521 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $13,590/month

6 Days on Market

Highlights

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

About This Home

As of July 2021

Multiple offers, showings until May 15th at which time the 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 coves 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 Brokerage Phone: 8286005021 Listed on: 05/10/2021

Last Buyer's Agent

Judy Michaud

Berkshire Hathaway HomeServices Meadows Mountain Realty

Berkshire Hathaway HomeServices Meadows Mountain Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,580

Year Built

  • Built in 1965

Lot Details

  • 0.68 Acre Lot
  • Lake Front
  • Fenced

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Stone Fireplace
  • Living Room with Fireplace
  • Workshop
  • Screened Porch
  • Lake Views
  • Dryer

Kitchen

  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Finished Basement

  • Heated Basement
  • Interior and Exterior Basement Entry
  • Fireplace in Basement

Outdoor Features

  • Deck

Utilities

  • Central Air
  • Heating Available
  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 16
  • Assessor Parcel Number 8523-00-1522-000

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,580

Year Built

Built in 1965

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.68
  • Road Surface Type: Paved
  • Water Body Name: Lake Toxaway
  • Subdivision Name: Lake Toxaway Estates
  • Directions: Take Rosman Highway East towards Lake Toxaway. Turn left on Blue Ridge Road (281 North), turn left onto Cold Mountain Road (across from Lake Toxaway Fire Department), and drive approximately 1.5 miles and 1615 will be on your left. Look for the mailbox with 1615 on it, if you reach Toxaway Shores Condos you have gone too far.
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1965
  • Attribution Contact: 8286005021
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Exhaust Fan, Electric Oven, Disposal, Refrigerator, Washer
  • Has Basement: Exterior Entry, Finished, Heated, Interior Entry, Bath/Stubbed
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Basement, Living Room, Stone, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Laminate, Tile
  • Interior Amenities: Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s), Workshop

Exterior Features

  • Fencing: Fenced
  • Lot Features: Level, Other
  • Pool Features: Community
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Construction Type: Vinyl Siding
  • Other Structures: Boat House
  • Patio And Porch Features: Rear Porch, Covered, Deck, Porch, Screened
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 1.0
  • Garage Spaces: 1.0
  • Parking Features: Attached, Garage, One Car Garage, Garage Door Opener, Paved

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Gas
  • Heating Yn: Yes
  • Electric: Generator
  • Sewer: Septic Tank
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Well

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 29620.8
  • Parcel #: 8523-00-1522-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 5579.85
  • Tax Lot: 16
  • Tax Year: 2020

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
Judy Michaud
Berkshire Hathaway HomeServices Meadows Mountain Realty
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
13.24%
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% $521 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/10/2021 05/10/21 For Sale $1,100,000 -- $441 / 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 $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

  • Cynthia Howard

    Seller's Agent in 2021

    Cynthia Howard

    BluAxis Realty

    (828) 577-2823

    8 in this area

    40 Total Sales

    Cynthia Howard
    Section Image
  • Judy Michaud

    Buyer's Agent in 2021

    Judy Michaud

    Berkshire Hathaway HomeServices Meadows Mountain Realty

    (828) 371-0730

    2 in this area

    212 Total Sales

    Judy Michaud
    Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 96434

APN: 8523-00-1522-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

1615 Cold Mountain Rd, Lake Toxaway, NC

This home is located at 1615 Cold Mountain Rd, Lake Toxaway, NC 28747 since 10 May 2021 and is currently estimated at $2,325,789, approximately $931 per square foot. This property was built in 1965. 1615 Cold Mountain Rd is a home located in Transylvania County.

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