NOT LISTED FOR SALE

360 Cherokee Trace Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $830,000 - $1,480,000

4 Beds
3 Baths
2,106 Sq Ft
$525/Sq Ft Est. Value

Last Sold November 01, 2023

Last sale price $815,000 $387 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $6,150/month

52 Days on Market

Highlights

  • Marina
  • Wooded Lot
  • Furnished
  • Golf Course View
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of November 2023

Rustically charming 4 bedroom log cabin nestled on a private lot on Lake Toxaway's award winning golf course. This home boasts a cozy living room with a stone wood burning fireplace, eat in banquette area, 2 bedrooms on the main floor, 2 bedrooms upstairs and a spacious bonus room on the basement level. The covered back porch is the perfect getaway with ample space and the sound of a running stream nearby. Ideally located less than 700 yards from LT's wonderful amenities: club, marina & inn. Excellent rental history.

Last Agent to Sell the Property

Mo Mitchell

Lake Toxaway Company Brokerage Phone: 8289664260 Listed on: 07/10/2023

Co-Listed By

Mish Nichols

Lake Toxaway Company Brokerage Phone: 8289664260

Last Buyer's Agent

Reginald Heinitsh

Lake Toxaway Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,145

Year Built

  • Built in 1977

Lot Details

  • 0.92 Acre Lot
  • Wooded Lot

Parking

  • 2 Carport Spaces

Home Design

  • Metal Roof
  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Furnished
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Golf Course Views
  • Dryer

Kitchen

  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Interior and Exterior Basement Entry

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

  • Tax Lot 53
  • Assessor Parcel Number 8512-77-8449-000

Community Details

Overview

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

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,145

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.92
  • Co List Office Mls Id: 258
  • Co List Office Phone: 828-966-4260
  • Subdivision Name: Lake Toxaway Estates
  • Directions: Take first entrance into Lake Toxaway Estates from 64 to NC-281; Take a left onto Cold Mountain Road; left onto North Club; left onto Fairway Drive; Right on to Cherokee Trace; house on the corner of Cherokee Trace and Club Court
  • Architectural Style: Log Home
  • Carport Y N: Yes
  • Garage Yn: No
  • Unit Levels: One and One Half
  • New Construction: No
  • Year Built: 1977
  • Attribution Contact: 8289664260
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Dryer, Dishwasher, Electric Oven, Microwave, Washer
  • Has Basement: Exterior Entry, Interior Entry, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Fireplace Features: Living Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Wood
  • Interior Amenities: Pantry

Exterior Features

  • Lot Features: On Golf Course, Partially Cleared, Wooded
  • View: Golf Course
  • View: Yes
  • Construction Type: Log
  • Exterior Features: Other
  • Patio And Porch Features: Rear Porch, Covered
  • Roof: Metal

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Marina, Trails/Paths
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 40075.2
  • Parcel #: 8512-77-8449-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 3144.63
  • Tax Lot: 53
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 10, 2023
Closed on
Oct 26, 2023
Sold by
Khawly Ramon George and Khawly Wendolyn Miller
Bought by
4238 Real Estate Holdings Llc
Seller's Agent
Mo Mitchell
Lake Toxaway Company
Buyer's Agent
Reginald Heinitsh
Lake Toxaway Company
List Price
$889,000
Sold Price
$815,000
Premium/Discount to List
-$74,000
-8.32%
Views
28
Current Estimated Value
$1,105,682

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,682
Avg. Annual Appreciation
16.57%
Original Mortgage
$815,208
Outstanding Balance
$549,603
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$556,079

Purchase Details

Listed on
Aug 24, 2020
Closed on
Jan 25, 2021
Sold by
Williams Edward Miller and Williams Carolyn Singlet
Bought by
Miller Khawly Wendolyn L
Seller's Agent
Mish Nichols
Lake Toxaway Company
Buyer's Agent
Susan Campbell
Petit Properties
List Price
$525,000
Sold Price
$485,000
Premium/Discount to List
-$40,000
-7.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.05%
Original Mortgage
$285,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 24, 2020
Closed on
Dec 28, 2020
Sold by
Khawly Ramon and Khawly Wendolyn
Bought by
Dooley 2020
Seller's Agent
Mish Nichols
Lake Toxaway Company
Buyer's Agent
Susan Campbell
Petit Properties
List Price
$525,000
Sold Price
$485,000
Premium/Discount to List
-$40,000
-7.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2006
Sold by
Smith Raymond C
Bought by
Williams Edward Miller and Williams Carolyn Singleton

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$465,500
Interest Rate
6.37%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
4238 Real Estate Holdings Llc $815,000 None Listed On Document
Khawly Ramon George -- None Listed On Document
Miller Khawly Wendolyn L $485,000 Jones Shelton
Dooley 2020 -- None Available
Khawly Wendolyn L Miller $485,000 None Available
Williams Edward Miller $490,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 4238 Real Estate Holdings Llc $815,208
Previous Owner Khawly Wendolyn L Miller $285,000
Previous Owner Williams Edward Miller $465,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/01/2023 11/01/23 Sold $815,000 -8.3% $387 / Sq Ft
09/01/2023 09/01/23 Pending -- -- --
07/10/2023 07/10/23 For Sale $889,000 +83.3% $422 / Sq Ft
12/29/2020 12/29/20 Sold $485,000 -7.6% $230 / Sq Ft View Prior Sale
11/16/2020 11/16/20 Pending -- -- --
08/24/2020 08/24/20 For Sale $525,000 -- $249 / 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 $4,217 $877,600 $200,000 $677,600
2024 $3,145 $477,690 $100,000 $377,690
2023 $3,145 $477,690 $100,000 $377,690
2022 $3,145 $477,690 $100,000 $377,690
2021 $3,121 $477,690 $100,000 $377,690
2020 $2,665 $382,890 $0 $0
2019 $2,646 $382,890 $0 $0
2018 $2,183 $382,890 $0 $0
2017 $2,159 $382,890 $0 $0
2016 $2,152 $382,890 $0 $0
2015 $2,097 $490,530 $250,000 $240,530
2014 $2,097 $490,530 $250,000 $240,530
Source: Public Records

Agents Affiliated with this Home

  • Mo Mitchell

    Seller's Agent in 2023

    Mo Mitchell

    Lake Toxaway Company

    (828) 553-3319

    63 in this area

    63 Total Sales

    Mo Mitchell
    Section Image
  • Mish Nichols

    Seller Co-Listing Agent in 2023

    Mish Nichols

    Lake Toxaway Company

    (704) 576-5511

    59 in this area

    61 Total Sales

    Mish Nichols
    Section Image

  • R

    Buyer's Agent in 2023

    Reginald Heinitsh

    Lake Toxaway Company

    (803) 413-7883

    28 in this area

    28 Total Sales

    Reginald Heinitsh
    Section Image
  • Susan Campbell

    Buyer's Agent in 2020

    Susan Campbell

    Petit Properties

    (828) 556-1184

    12 in this area

    113 Total Sales

    Susan Campbell
    Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 102488

APN: 8512-77-8449-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

360 Cherokee Trace, Lake Toxaway, NC

This home is located at 360 Cherokee Trace, Lake Toxaway, NC 28747 since 10 July 2023 and is currently estimated at $1,105,682, approximately $525 per square foot. This property was built in 1977. 360 Cherokee Trace is a home located in Transylvania County.

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