NOT LISTED FOR SALE

193 Island Point Rd Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $793,000 - $1,968,370

2 Beds
2.5 Baths
1,800 Sq Ft
$684/Sq Ft Est. Value

Last Sold October 02, 2017

Last sale price $575,000 $319 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $7,871/month

1,006 Days on Market

Highlights

  • Marina
  • Docks
  • Vaulted Ceiling
  • Lake Front
  • Community Lake
  • Wood Flooring

About This Home

As of October 2017

This outstanding lakefront setting with magical view on quiet and prestigious Island Point Road features a comfortable lakehouse with extensive covered porch, gentle slope and beautiful flower filled backyard overlooking Lake Toxaway. Easy driveway access and large unfinished space in the lower level make this home an ideal lake retreat. A separate guest suite with full bath as well as a wonderful office is accessed through a downstairs entrance.

Last Agent to Sell the Property

Art Fisher

Fisher Realty Highlands Brokerage Phone: 8289669290 Listed on: 04/19/2012

Last Buyer's Agent

Art Fisher

Fisher Realty Highlands Brokerage Phone: 8289669290 Listed on: 04/19/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,408

Year Built

  • Built in 1977

Lot Details

  • 0.53 Acre Lot
  • Lake Front
  • Lot Has A Rolling Slope
  • Garden

HOA Fees

  • $171 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Brick Exterior Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Vaulted Ceiling
  • Wood Burning Fireplace
  • Wood Flooring
  • Lake Views
  • Partially Finished Basement
  • Exterior Basement Entry
  • Dryer

Kitchen

  • Breakfast Bar
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Docks
  • Covered Patio or Porch
  • Outdoor Water Feature

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 8522-47-0967-000

Community Details

Overview

  • Lake Toxaway Estates Subdivision
  • Community Lake

Recreation

  • Marina
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,408

Year Built

Built in 1977

Lot Details

0

HOA Fees

$171 per month

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.53
  • Road Surface Type: Paved
  • Water Body Name: Lake Toxaway
  • Subdivision Name: Lake Toxaway Estates
  • Directions: From Hwy 64 turn on to 281 North. Just after Lake Toxaway Fire Department, turn left on Cold Mountain Rd and take immediate left on Island Point Road. Home is on left marked 193
  • Architectural Style: Bungalow
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1977
  • Attribution Contact: 8289669290
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Dryer, Dishwasher, Electric Oven, Washer
  • Has Basement: Exterior Entry, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Wood Burning
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Breakfast Bar, Vaulted Ceiling(s)

Exterior Features

  • Lot Features: Rolling Slope
  • View: Lake
  • View: Yes
  • Waterfront Features: Lake, Deeded Access
  • Construction Type: Brick, Wood Siding
  • Exterior Features: Dock, Garden, Water Feature
  • Patio And Porch Features: Rear Porch, Covered
  • Roof: Shingle

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric, Heat Pump
  • Cooling Y N: Yes
  • Heating: Central, Electric, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Lake, Marina, Playground, Park, Water Access
  • Association Fee: 2050.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 23086.8
  • Parcel #: 8522-47-0967-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 4408.0
  • Tax Lot: 14
  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2012
Closed on
Oct 1, 2017
Sold by
Bennett Bennett R and Bennett Shelley
Bought by
Lake Toxaway Properties Llc
Seller's Agent
Art Fisher
Fisher Realty Highlands
Buyer's Agent
Art Fisher
Fisher Realty Highlands
List Price
$999,000
Sold Price
$575,000
Premium/Discount to List
-$424,000
-42.44%
Current Estimated Value
$1,231,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$656,843
Avg. Annual Appreciation
10.08%
Original Mortgage
$300,000
Outstanding Balance
$250,919
Interest Rate
3.78%
Mortgage Type
Unknown
Estimated Equity
$980,924

Purchase Details

Closed on
Apr 1, 2004
Bought by
Cohen A J Iii Trustee
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
Lake Toxaway Properties Llc -- None Available
Cohen A J Iii Trustee -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lake Toxaway Properties Llc $300,000
Previous Owner Cohen A J $580,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/02/2017 10/02/17 Sold $575,000 -42.4% $319 / Sq Ft
03/16/2017 03/16/17 Pending -- -- --
04/29/2014 04/29/14 For Sale $999,000 -- $555 / 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 $12,015 $2,500,450 $800,000 $1,700,450
2024 $7,889 $1,198,440 $750,000 $448,440
2023 $7,689 $1,167,950 $750,000 $417,950
2022 $7,689 $1,167,950 $750,000 $417,950
2021 $7,630 $1,167,950 $750,000 $417,950
2020 $7,459 $1,071,750 $0 $0
2019 $6,724 $1,066,370 $0 $0
2018 $4,489 $793,970 $0 $0
2017 $4,438 $793,970 $0 $0
2016 $4,422 $793,970 $0 $0
2015 $3,975 $938,460 $800,000 $138,460
2014 $3,975 $938,460 $800,000 $138,460
Source: Public Records

Agents Affiliated with this Home

  • Art Fisher

    Seller's Agent in 2017

    Art Fisher

    Fisher Realty Highlands

    (828) 506-4895

    76 in this area

    185 Total Sales

    Art Fisher
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 79303

APN: 8522-47-0967-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

193 Island Point Rd, Lake Toxaway, NC

This home is located at 193 Island Point Rd, Lake Toxaway, NC 28747 since 19 April 2012 and is currently estimated at $1,231,843, approximately $684 per square foot. This property was built in 1977. 193 Island Point Rd is a home located in Transylvania County.

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