$485,000
SOLD DEC 29, 2020

360 Cherokee Trace Lake Toxaway, NC 28747

Lake Toxaway Neighborhood
4 Beds
3 Baths
2,106 Sq Ft
0.92 Acres

Recently Sold

$230 Per Sq Ft

8% Below List Price

83 Days on Market

Highlights

  • Marina
  • Wooded Lot
  • Covered patio or porch
  • Golf Course View
  • Wood Flooring
  • Zoned Heating and Cooling

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

Mish Nichols

Lake Toxaway Company Brokerage Phone: 8289664260 Listed on: 08/24/2020

Co-Listed By

Mo Mitchell

Lake Toxaway Company Brokerage Phone: 8289664260

Last Buyer's Agent

Susan Campbell

Beverly-Hanks And Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,665

Year Built

  • Built in 1977

Lot Details

  • 0.92 Acre Lot
  • Wooded Lot

HOA Fees

  • $201 Monthly HOA Fees

Parking

  • 2 Carport Spaces

Home Design

  • Metal Roof
  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Furnished or left unfurnished upon request
  • 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

  • Lake Toxaway Estates Subdivision

Recreation

  • Marina

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,665

Year Built

Built in 1977

Lot Details

0

HOA Fees

$201 per month

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
  • Special Features: None

Interior Features

  • Furnished: Negotiable
  • 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 Fee: 2413.0
  • Association Fee Frequency: Annually
  • 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: 2664.91
  • Tax Lot: 53
  • Tax Year: 2020

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%
Total Days on Market
83
Views
28
Current Estimated Value
$1,082,065

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,065
Avg. Annual Appreciation
19.51%
Original Mortgage
$815,208
Outstanding Balance
$613,068
Interest Rate
7.19%
Mortgage Type
New Conventional
Estimated Equity
$468,997

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
Beverly-Hanks And Associates
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

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

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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 Type Sale Price Title Company
Warranty Deed $815,000 None Listed On Document
Warranty Deed -- None Listed On Document
Quit Claim Deed -- None Available
Warranty Deed $485,000 None Available
Warranty Deed $490,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $815,208 New Conventional
Previous Owner $285,000 New Conventional
Previous Owner $280,000 Adjustable Rate Mortgage/ARM
Previous Owner $465,500 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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

    74 in this area

    74 Total Sales

    Mo Mitchell
    Section Image
  • Mish Nichols

    Seller Co-Listing Agent in 2023

    Mish Nichols

    Lake Toxaway Company

    (704) 576-5511

    64 in this area

    66 Total Sales

    Mish Nichols
    Section Image

  • R

    Buyer's Agent in 2023

    Reginald Heinitsh

    Lake Toxaway Company

    (803) 413-7883

    26 in this area

    26 Total Sales

    Reginald Heinitsh
    Section Image
  • Susan Campbell

    Buyer's Agent in 2020

    Susan Campbell

    Beverly-Hanks And Associates

    (828) 556-1184

    12 in this area

    115 Total Sales

    Susan Campbell
    Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 94447

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 and is currently priced at $485,000, approximately $230 per square foot. This property was built in 1977. 360 Cherokee Trace is a home located in Transylvania County.

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