NOT LISTED FOR SALE

296 Meadow Ridge Dr Unit 3 Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $2,235,201

3 Beds
6 Baths
5,400 Sq Ft
$414/Sq Ft Est. Value

Last Sold September 19, 2016

Last sale price $1,280,000 $237 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $12,962/month

496 Days on Market

Highlights

  • Golf Course Community
  • Community Lake
  • Traditional Architecture
  • Fitness Center
  • Pond
  • Outdoor Fireplace

About This Home

As of September 2016

INCREDIBLE OPPORTUNITY to own one of the most magnificent homes in Lake Toxaway at this LOW PRICE! Owners say "SELL!" Immaculately maintained home in PRISTINE condition. Sold "AS IS" only because it is being offered at this unbelievably low price. Lake and mountain views up to 70 miles. Property is gated w/ beautifully landscaped grounds! See list of high-end additional features. High-end Furniture & Furnishings included! The 4000+ ft elevation is just 7 minutes club, marina & all the amenities.

Last Agent to Sell the Property

Carol Watkins

Landmark Realty Group License #207100 Listed on: 04/05/2015

Last Buyer's Agent

Carol Watkins

Landmark Realty Group License #207100 Listed on: 04/05/2015

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • Irrigation

Parking

  • 2

Home Design

  • Traditional Architecture
  • Stone Siding

Interior Spaces

  • Wet Bar
  • Wood Burning Fireplace
  • Gas Log Fireplace
  • Insulated Windows
  • Window Treatments
  • Crawl Space

Flooring

  • Wood
  • Slate Flooring

Bedrooms and Bathrooms

  • Walk-In Closet

Outdoor Features

  • Pond
  • Outdoor Fireplace

Utilities

  • Heating System Uses Propane
  • Well
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 8513-12-1799-000
  • Tax Block MR

Community Details

Overview

  • Community Lake

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Trails

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1.5 Story/Basement
  • Architectural Style: Traditional
  • Ratio Close Price By List Price: 0.98462
  • Ratio Close Price By Original Li: 0.55773
  • Ratio Current Price By Acre: 656410.26
  • Ratio Current Price By Sq Ft: 237.04
  • Year Built: 2003
  • Special Features: None
  • Stories: 2

Interior Features

  • Foundation Details: Basement Fully Finished, Basement Inside Entrance, Basement Outside Entrance, Crawl Space
  • Upper Level Sq Ft: 900
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bathrooms: 6.00
  • Total Bedrooms: 3
  • Doors and Windows: Insulated Windows, Screen Door(s)
  • Equipment: Freezer, Generator, Ceiling Fan(s), Central Vacuum, CO Detector, Convection Oven, Cooktop Gas, Dishwasher, Disposal, Double Oven, Dryer, Exhaust Fan, Grilltop, Ice Maker Connection, Microwave, Propane, Refrigerator, Security System, Self Cleaning Oven, Surround Sound, Wall Oven, Washer
  • Fireplace Description: Gas Vented, FAMILYRM, Gas Logs, Living Room, Primary Bedroom, Propane, Wood Burning
  • Flooring: Terazzo, Slate, Carpet, Wood
  • Interior Amenities: Built-Ins, Cable Available, Pantry, Walk-In Closet(s), Window Treatments, Wet Bar
  • Laundry Location: Main, Laundry Room
  • Room Count: 3
  • Sq Ft Basement: 2250
  • Main Level Sq Ft: 2250
  • Total Sq Ft: 5400

Exterior Features

  • Construction: Hard Stucco, Stone
  • Construction Type: Site Built
  • Exterior Features: Fenced Yard, In-Ground Irrigation, Outdoor Fireplace

Garage/Parking

  • Driveway: Gated, Stone, Concrete
  • Parking: Garage - 2 Car, Garage Door Opener, Parking Space - 2

Utilities

  • Heating: Humidifier, Central Air, g-Sealed Combustion Fireplace, Heat Pump - AC, Heat Pump - Heat, Multizone A/C, MultiZone Heat, Propane
  • Sewer: Septic Tank
  • Water: Water Softener System, Well
  • Water Heater: Propane, g-On-Demand Water Heater

Condo/Co-op/Association

  • Community Features: Fitness Center, Golf Course, Lake, Playground, Pond, Security, Tennis Court(s), Walking Trails
  • Association Fee: 2214.00
  • Hoa Subject To Dues: Mandatory
  • HOA Subject to Dues YN: Yes

Schools

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

Lot Info

  • Lot Features: Artificial Waterfall, Lake Access, Long Range View, Mountain View, Paved Frontage, Views, Water view, Year Round View
  • Lot Size Area: 1.950
  • Parcel Number: 8513-12-1799-000
  • Plat Reference Section Pages: 287
  • Zoning: Residential

Tax Info

  • Tax Value: 2203500.00
  • Tax Amount Ncm: 10705.00
  • Tax Block: MR
  • Tax Location: Lake Toxaway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2015
Closed on
Sep 14, 2016
Sold by
Royal Mike and Royal Laura
Bought by
Singleton James B and Singleton Debra L
Seller's Agent
Carol Watkins
Landmark Realty Group
Buyer's Agent
Carol Watkins
Landmark Realty Group
List Price
$2,295,000
Sold Price
$1,280,000
Premium/Discount to List
-$1,015,000
-44.23%
Current Estimated Value
$2,235,201

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$955,201
Avg. Annual Appreciation
6.30%
Original Mortgage
$140,000
Outstanding Balance
$113,630
Interest Rate
3.43%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,089,706

Purchase Details

Closed on
Aug 27, 2007
Sold by
Migan Cornelius J and Migan Mary Ann
Bought by
Toscani William and Toscani Sandra O

Purchase Details

Closed on
Nov 1, 1997
Bought by
Royal Mike
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Singleton James B $1,280,000 None Available
Toscani William $357,500 None Available
Royal Mike $256,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Singleton James B $140,000
Open Singleton James B $860,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/19/2016 09/19/16 Sold $1,280,000 -44.2% $237 / Sq Ft
08/13/2016 08/13/16 Pending -- -- --
04/05/2015 04/05/15 For Sale $2,295,000 -- $425 / 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 $8,684 $1,319,100 $350,000 $969,100
2023 $8,684 $1,319,100 $350,000 $969,100
2022 $8,684 $1,319,100 $350,000 $969,100
2021 $8,618 $1,319,100 $350,000 $969,100
2020 $13,064 $1,877,000 $0 $0
2019 $12,970 $1,877,000 $0 $0
2018 $10,613 $1,877,000 $0 $0
2017 $10,491 $1,877,000 $0 $0
2016 $10,453 $1,877,000 $0 $0
2015 -- $2,203,500 $620,000 $1,583,500
2014 -- $2,203,500 $620,000 $1,583,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM581106

Canopy MLS (Canopy Realtor® Association)

APN: 8513-12-1799-000