NOT LISTED FOR SALE

296 Meadow Ridge Dr Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $2,643,456

3 Beds
6 Baths
5,400 Sq Ft
$490/Sq Ft Est. Value

Last Sold September 19, 2016

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

Est. 107% increase in value since last sale

Current estimated payment $15,642/month

487 Days on Market

Highlights

  • Marina
  • Fitness Center
  • Built-In Refrigerator
  • Golf Course Community
  • Panoramic View
  • 1.95 Acre Lot

About This Home

As of September 2016

BEST BUY! 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. This elegant French Country home will take your breath away! With a 180 panorama encompassing Lake Toxaway, numerous mountain ranges & a views that stretches up to 70 miles, this home offers spectacular vistas from all main rooms and luxurious porches on both levels. Sip wine by the outdoor fireplace while you barbeque on the large built-in grill, listen to the recirculating waterfall and watch the sunset's spectacular display of color as a backdrop to the expansive mountain ranges. The 4000+ ft elevation is just 7 minutes from the Lake Toxaway Country Club, marina and all the amenities. The attention to detail and high-end finishes are reflected in every aspect of this 5400 sq. ft. home w/ 3 bedrooms, 4 full / 2 half baths, an executive office and a bonus room. High-end Furniture and Furnishings Included! Lot MR-3

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,453

Year Built

  • Built in 2003

Lot Details

  • 1.95 Acre Lot
  • Home fronts a stream
  • Steep Slope

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Property Views

  • Lake
  • Panoramic
  • Mountain

Home Design

  • Shingle Roof
  • Stucco

Interior Spaces

  • Wet Bar
  • Central Vacuum
  • Furnished
  • Wired For Sound
  • Built-In Features
  • Wood Burning Fireplace
  • Fireplace Features Masonry
  • Window Treatments
  • Living Room with Fireplace
  • Home Security System
  • Dryer

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Double Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Built-In Refrigerator
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Disposal

Flooring

  • Wood
  • Carpet
  • Stone

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Patio
  • Outdoor Water Feature
  • Outdoor Fireplace
  • Porch

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heat Pump System
  • Private Water Source
  • Septic Tank

Listing and Financial Details

  • Tax Lot MR-3
  • Assessor Parcel Number 8513-12-1799

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

$10,453

Year Built

Built in 2003

Lot Details

0

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.95
  • Subdivision Name: Lake Toxaway Estates
  • Directions: Take US 64 to Lake Toxaway main entrance, follow West Club Blvd. to the stop sign, go straight onto Chestnut Trace to next stop sign, turn left then left at the fork onto Toxaway Drive, continue on Toxaway Drive to the trout pond bearing left onto Meadow Ridge Road, third driveway on the rt. MR-3
  • Architectural Style: Other
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 2003
  • Attribution Contact: 8284820986
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Built-In Oven, Built-In Refrigerator, Double Oven, Dryer, Dishwasher, Exhaust Fan, Disposal, Gas Oven, Indoor Grill, Ice Maker, Microwave, Refrigerator, Wine Cooler, Washer, Humidifier
  • Has Basement: Crawl Space, Exterior Entry, Finished, Interior Entry, Concrete, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Den, Gas Starter, Living Room, Masonry, Primary Bedroom, Outside, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Stone, Wood
  • Interior Amenities: Wet Bar, Breakfast Bar, Built-in Features, Central Vacuum, Separate/Formal Dining Room, Eat-in Kitchen, Jetted Tub, Pantry, Walk-In Closet(s), Wired for Sound
  • Window Features: Window Treatments

Exterior Features

  • Lot Features: Steep Slope, Waterfall
  • Pool Features: Community
  • View: Lake, Mountain(s), Panoramic
  • View: Yes
  • Waterfront Features: Stream, Deeded Access
  • Construction Type: Stone, Stucco
  • Exterior Features: Gas Grill, Satellite Dish, Water Feature
  • Patio And Porch Features: Rear Porch, Patio, Porch
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Attached, Concrete, Garage, Two Car Garage, Garage Door Opener, Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Security: Security System, Radon Mitigation System
  • Cooling: Central Air, Electric, Heat Pump, Zoned
  • Cooling Y N: Yes
  • Heating: Heat Pump, Zoned
  • Heating Yn: Yes
  • Electric: Generator
  • Sewer: Septic Tank
  • Utilities: High Speed Internet Available
  • Water Source: Private

Condo/Co-op/Association

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

Lot Info

  • Lot Size Sq Ft: 84942.0
  • Parcel #: 8513-12-1799
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 10453.01
  • Tax Lot: MR-3
  • Tax Year: 2016

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
List Price
$2,295,000
Sold Price
$1,280,000
Premium/Discount to List
-$1,015,000
-44.23%
Current Estimated Value
$2,643,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,363,456
Avg. Annual Appreciation
8.44%
Original Mortgage
$140,000
Outstanding Balance
$112,431
Interest Rate
3.43%
Mortgage Type
Credit Line Revolving
Estimated Equity
$2,531,025

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
09/12/2016 09/12/16 Pending -- -- --
04/13/2015 04/13/15 For Sale $2,295,000 -- $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 $15,209 $3,165,150 $350,000 $2,815,150
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

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 81434

APN: 8513-12-1799-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

296 Meadow Ridge Dr, Lake Toxaway, NC

This home is located at 296 Meadow Ridge Dr, Lake Toxaway, NC 28747 since 05 April 2015 and is currently estimated at $2,643,456, approximately $489 per square foot. This property was built in 2003. 296 Meadow Ridge Dr is a home located in Transylvania County.

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