NOT LISTED FOR SALE

408 & 586 Little Elbow Mountain Rd Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $631,000 - $837,527

4 Beds
3 Baths
1,338 Sq Ft
$546/Sq Ft Est. Value

Last Sold September 29, 2023

Last sale price $885,000 $661 Per Sq Ft

Est. 17% decrease in value since last sale

Current estimated payment $4,271/month

145 Days on Market

Highlights

  • Barn
  • Wooded Lot
  • Wood Flooring
  • Mountain View
  • Vaulted Ceiling
  • Cottage

About This Home

As of September 2023

This mountain retreat, featuring two homes, two large barns, and an open meadow, is the
perfect get-away spot for a vacation or a residential homestead. The log cabin is cozy
and quaint, with easy access to a large workshop/barn. A stone fireplace, rustic wood interiors,
hardwood floors, natural log rails and mantel bring a sense of timeless country comfort to
this home, while a fully finished basement and modernized kitchen add functionality and ease of
living. The cottage, situated below the meadow and close to a newer, rustic workshop/garage,
features a full-length porch, modern kitchen finishes and appliances, a spacious living area and
a renovated bathroom. The 1.4-acre meadow between the houses is gently sloped and
bounded by an established, well-maintained gravel driveway. This mountain retreat offers
numerous possibilities for relaxed living. For a 3D tour, see:
https://my.matterport.com/show/?m=9yzr9q164zf and
https://my.matterport.com/show/?m=v61qSpiHejQ

Last Agent to Sell the Property

John Witherspoon

Witherspoon Platt Associates Brokerage Email: john@wpanc.com License #241615 Listed on: 04/05/2023

Last Buyer's Agent

Amanda Jennings Gravley

Fisher Realty - 10 Park Place License #276630

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,024

Year Built

  • Built in 2000

Lot Details

  • Cleared Lot
  • Wooded Lot

Home Design

  • Cottage
  • Rustic Architecture
  • Cabin
  • Wood Siding
  • Log Siding

Interior Spaces

  • 1.5-Story Property
  • Vaulted Ceiling
  • Living Room with Fireplace
  • Mountain Views
  • Home Security System
  • Laundry Room

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Full Bathrooms

Finished Basement

  • Walk-Out Basement
  • Walk-Up Access
  • Exterior Basement Entry

Parking

  • Garage
  • Workshop in Garage
  • Driveway

Outdoor Features

  • Access to stream, creek or river
  • Covered patio or porch
  • Separate Outdoor Workshop

Farming

  • Barn

Utilities

  • Central Air
  • Heat Pump System
  • Propane
  • Septic Tank

Community Details

  • Voluntary home owners association

Listing and Financial Details

  • Assessor Parcel Number 8523-04-7125-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,024

Year Built

Built in 2000

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cabin, Cottage, Rustic
  • Year Built: 2000
  • Restrictions: No Restrictions
  • Road Surface Type: Asphalt, Gravel
  • Unit Levels: One and One Half
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 391.25
  • Geocode Confidence: High
  • Attribution Contact: john@wpanc.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Vaulted Ceiling(s)
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 574
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Basement: 0
  • Sq Ft Unheated Lower: 0
  • Sq Ft Unheated Main: 0
  • Sq Ft Unheated Third: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Unheated Upper: 0
  • Sq Ft Upper: 237
  • Appliances: Dishwasher, Electric Range, Microwave, Refrigerator
  • Other Equipment: Fuel Tank(s)
  • Above Grade Finished Sq Ft: 811
  • Has Basement: Exterior Entry, Finished, Walk-Out Access, Walk-Up Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 527
  • Fireplace Features: Gas Log, Living Room
  • Living Area: 1338
  • Bedroom Main: 1
  • Room Count: 8

Exterior Features

  • New Construction: No
  • Roof: Shingle
  • Construction Type: Site Built
  • View: Mountain(s), Year Round
  • Waterfront Elevation: 3000
  • Construction Type: Log, Wood
  • Other Structures: Barn(s), Workshop
  • Patio And Porch Features: Covered, Front Porch

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: Yes
  • Open Parking: No
  • Parking Features: Driveway, Garage Shop

Utilities

  • Heating: Heat Pump
  • Sewer: Septic Installed, Other - See Remarks
  • Laundry Features: In Basement
  • Security: Security System
  • Cooling: Central Air
  • Utilities: Electricity Connected, Propane
  • Water Source: Well, Other - See Remarks

Condo/Co-op/Association

  • Hoa Subject To Dues: Voluntary
  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: Optional

Lot Info

  • Lot Features: Cleared, Creek/Stream, Wooded
  • Lot Size Area: 13.72
  • Lot Size Units: Acres
  • Parcel Number: 8523-04-7125-000
  • Zoning: None
  • Plat Book Slide: 15/234
  • Development Status: Completed
  • Additional Parcels Description: 8523-04-2591-000, 8523-04-4604-000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: None

Green Features

  • Green Verification Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 5, 2023
Closed on
Sep 22, 2023
Sold by
Wayne K Mock Revocable Trust
Bought by
Evans Craig Stuart and Evans Lori A
Seller's Agent
John Witherspoon
Witherspoon Platt Associates
Buyer's Agent
Amanda Jennings Gravley
Fisher Realty - 10 Park Place
List Price
$1,025,000
Sold Price
$885,000
Premium/Discount to List
-$140,000
-13.66%
Total Days on Market
145
Views
76
Current Estimated Value
$730,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$154,368
Avg. Annual Appreciation
-10.78%

Purchase Details

Closed on
Sep 10, 2012
Sold by
Douglas George A and Douglas Susan T
Bought by
Mock Wayne K and Mock Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
3.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2004
Bought by
Mock Wayne K & Anne Trustees
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 Buyer Sale Price Title Company
Evans Craig Stuart $885,000 None Listed On Document
Mock Wayne K -- None Available
Mock Wayne K & Anne Trustees $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mock Wayne K $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $885,000 -13.7% $661 / Sq Ft
04/05/2023 04/05/23 For Sale $1,025,000 -- $766 / 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 $2,024 $307,450 $40,000 $267,450
2023 $1,535 $233,240 $40,000 $193,240
2022 $1,556 $233,240 $40,000 $193,240
2021 $1,546 $233,240 $40,000 $193,240
2020 $1,690 $239,240 $0 $0
2019 $1,679 $239,240 $0 $0
2018 $1,353 $239,240 $0 $0
2017 $1,337 $239,240 $0 $0
2016 $1,332 $239,240 $0 $0
2015 $1,038 $244,970 $40,000 $204,970
2014 $1,038 $244,970 $40,000 $204,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4013483

Canopy MLS (Canopy Realtor® Association)

APN: 8523-04-7125-000