NOT LISTED FOR SALE

1631 Cold Mountain Rd Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $5,208,710

4 Beds
6.5 Baths
7,046 Sq Ft
$739/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $2,425,000 $344 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $30,600/month

294 Days on Market

Highlights

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

About This Home

As of April 2016

Custom quality home, built by JOHN HOLBROOK. Master craftsmanship executed in the installation and finish of wood, granite and other materials one would expect in a home of this design and quality. Large well designed and decorated rooms including BUNKROOM. Situated on the mouth of a quiet cove with LONG VIEWS down the lake. Large 2 boat boathouse with lifts, patio fire pit, and large dock for swimming and entertaining. Standby generator.

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

  • $10,450

Year Built

  • Built in 2002

Lot Details

  • 0.97 Acre Lot
  • Lake Front

Parking

  • 2 Car Attached Garage
  • 1 Carport Space
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 3-Story Property
  • Wet Bar
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Window Treatments
  • Living Room with Fireplace
  • Workshop
  • Lake Views
  • Home Security System
  • Dryer

Kitchen

  • Breakfast Bar
  • Double Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Docks
  • Deck
  • Covered Patio or Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 15
  • Assessor Parcel Number 8523-00-1421-000

Community Details

Overview

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

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

$10,450

Year Built

Built in 2002

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.97
  • Water Body Name: Lake Toxaway
  • Subdivision Name: Lake Toxaway Estates
  • Directions: Hwy 64E to left onto Hwy 281N, travel until you see Lake Toxaway Vol. Fire Dept on your right, you will take a left onto Cold Mountain Road across the street, go 1.6 miles to 1631 on your left, as identified as PARKER HOUSE on the stone columns. The entrance to Toxaway Shores is to the right of the Parker house (if you passed Toxaway Shores, you've gone too far).
  • Architectural Style: Traditional
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Unit Levels: Three Or More
  • New Construction: No
  • Building Stories: 3
  • Year Built: 2002
  • Attribution Contact: 8284820986
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 3

Interior Features

  • Furnished: Unfurnished
  • Appliances: Double Oven, Dryer, Dishwasher, Exhaust Fan, Freezer, Disposal, Gas Oven, Microwave, Refrigerator, Washer
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Stone, Wood
  • Interior Amenities: Wet Bar, Breakfast Bar, Built-in Features, Ceiling Fan(s), Cathedral Ceiling(s), Separate/Formal Dining Room, Jetted Tub, Kitchen Island, Pantry, Vaulted Ceiling(s), Walk-In Closet(s), Workshop
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: Level, Partially Cleared
  • Pool Features: Community
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Construction Type: Stone, Wood Siding
  • Exterior Features: Dock, Satellite Dish
  • Foundation Details: Slab
  • Patio And Porch Features: Rear Porch, Covered, Deck, Patio
  • Roof: Shingle

Garage/Parking

  • Carport Spaces: 1.0
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Carport, Driveway, Garage, Two Car Garage, Garage Door Opener, Paved

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System
  • Cooling: Central Air, Electric, Zoned
  • Cooling Y N: Yes
  • Heating: Gas, Zoned
  • 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, Marina, Playground, Pool, Putting Green, Tennis Court(s), Trails/Paths, Water Access
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 42253.2
  • Parcel #: 8523-00-1421-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 10450.37
  • Tax Lot: 15
  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 19, 2015
Closed on
Apr 7, 2016
Sold by
Parker Edwin W and Parker Donna L
Bought by
Armas Ignacio and Armas Teresa
Buyer's Agent
Judy Michaud
Berkshire Hathaway HomeServices Meadows Mountain Realty
List Price
$2,995,000
Sold Price
$2,425,000
Premium/Discount to List
-$570,000
-19.03%
Current Estimated Value
$5,208,710

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,783,710
Avg. Annual Appreciation
8.45%
Original Mortgage
$1,815,000
Outstanding Balance
$1,439,666
Interest Rate
3.55%
Mortgage Type
Commercial
Estimated Equity
$3,769,044

Purchase Details

Closed on
Jul 1, 1998
Bought by
Parker Edwin W and Parker Donna L
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
Armas Ignacio $2,425,000 None Available
Parker Edwin W $450,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armas Ignacio $1,815,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/08/2016 04/08/16 Sold $2,425,000 -19.0% $344 / Sq Ft
04/01/2016 04/01/16 Pending -- -- --
05/19/2015 05/19/15 For Sale $2,995,000 -- $425 / 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
2025 $29,271 $6,087,030 $1,000,000 $5,087,030
2024 $16,034 $2,430,940 $750,000 $1,680,940
2023 $16,034 $2,430,940 $750,000 $1,680,940
2022 $16,034 $2,430,940 $750,000 $1,680,940
2021 $15,912 $2,430,940 $750,000 $1,680,940
2020 $17,762 $2,546,820 $0 $0
2019 $17,631 $2,546,820 $0 $0
2018 $12,100 $2,135,380 $0 $0
2017 $11,799 $2,106,400 $0 $0
2016 $11,731 $2,106,400 $0 $0
2015 $9,129 $2,155,160 $1,000,000 $1,155,160
2014 $9,129 $2,155,160 $1,000,000 $1,155,160
Source: Public Records

Agents Affiliated with this Home

  • Judy Michaud

    Buyer's Agent in 2016

    Judy Michaud

    Berkshire Hathaway HomeServices Meadows Mountain Realty

    (828) 371-0730

    2 in this area

    198 Total Sales

    Judy Michaud
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 81787

APN: 8523-00-1421-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

1631 Cold Mountain Rd, Lake Toxaway, NC

This home is located at 1631 Cold Mountain Rd, Lake Toxaway, NC 28747 since 19 May 2015 and is currently estimated at $5,208,710, approximately $739 per square foot. This property was built in 2002. 1631 Cold Mountain Rd is a home located in Transylvania County.

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