NOT LISTED FOR SALE

424 Cherokee Trace Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $1,152,626

3 Beds
3 Baths
3,064 Sq Ft
$376/Sq Ft Est. Value

Last Sold January 06, 2021

Last sale price $500,000 $163 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $6,747/month

541 Days on Market

Highlights

  • Marina
  • Community Lake
  • Contemporary Architecture
  • Golf Course View
  • Deck
  • Vaulted Ceiling

About This Home

As of January 2021

Amazing transformation from ugly duckling to magnificent swan. From the native mountain landscaping including a newly installed rock patio fire pit to the completely remodeled kitchen and baths to the new flooring and cabinetry this conveniently located golf course home is a perfect mountain retreat. The covered back porch spans the length of the house for great outdoor living and on those cooler days sit in front of either the upstairs or downstairs fireplace. Just sit back and enjoy the view! One of the best values in Lake Toxaway Estates.

Last Agent to Sell the Property

Marsha Bricker

Landmark Realty Group - Sapphire/Burlingame Brokerage Phone: 8289669290 Listed on: 06/04/2019

Last Buyer's Agent

Kathy Balistreri

Balistreri Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,727

Year Built

  • Built in 1988

Lot Details

  • 0.85 Acre Lot
  • Garden

HOA Fees

  • $198 Monthly HOA Fees

Parking

  • 2 Car Detached Garage
  • Circular Driveway

Home Design

  • Contemporary Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 2-Story Property
  • Vaulted Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Screened Porch
  • Golf Course Views

Kitchen

  • Breakfast Bar
  • Double Oven
  • Propane Cooktop
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior and Exterior Basement Entry

Outdoor Features

  • Deck
  • Fire Pit

Utilities

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

Listing and Financial Details

  • Tax Lot 50
  • Assessor Parcel Number 8512-77-6180-000

Community Details

Overview

  • Lake Toxaway Estates Subdivision
  • Community Lake

Recreation

  • Marina
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,727

Year Built

Built in 1988

Lot Details

0

HOA Fees

$198 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.85
  • Road Surface Type: Paved
  • Subdivision Name: Lake Toxaway Estates
  • Directions: Hwy 64 to main entrance of Lake Toxaway Estates. Follow West Club Blvd to stop sign. Continue straight up Chestnut Trace to second stop sign. Turn right and at next stop sign turn right again. Follow about 1/3 mile to right on first road Cherokee Trace. Follow staying right at fork to house on the right.
  • Architectural Style: Contemporary
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: Two
  • New Construction: No
  • Building Stories: 2
  • Year Built: 1988
  • Attribution Contact: 8289669290
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Appliances: Built-In Oven, Double Oven, Disposal, Propane Cooktop, Refrigerator
  • Has Basement: Exterior Entry, Full, Finished, Interior Entry
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Total Bedrooms: 3
  • Fireplace Features: Gas Log, Wood Burning
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Interior Amenities: Breakfast Bar, Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s)

Exterior Features

  • Lot Features: Level, On Golf Course, Partially Cleared
  • View: Golf Course
  • View: Yes
  • Waterfront Features: Deeded Access
  • Construction Type: Wood Siding
  • Exterior Features: Fire Pit, Garden, Barbecue, Satellite Dish
  • Patio And Porch Features: Rear Porch, Deck, Front Porch, Screened
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Circular Driveway, Detached, Garage, Two Car Garage, Paved

Utilities

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

Condo/Co-op/Association

  • Community Features: Lake, Marina, Playground, Park, Trails/Paths, Water Access
  • Association Fee: 2371.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 37026.0
  • Parcel #: 8512-77-6180-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 3726.63
  • Tax Lot: 50
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 4, 2019
Closed on
Jan 4, 2021
Sold by
Sapphire Springs Development Inc
Bought by
Wheeler John M and Wheeler Sarah F
Seller's Agent
Marsha Bricker
Landmark Realty Group - Sapphire/Burlingame
Buyer's Agent
Kathy Balistreri
Balistreri Realty
List Price
$448,900
Sold Price
$500,000
Premium/Discount to List
$51,100
11.38%
Current Estimated Value
$1,152,626

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$652,626
Avg. Annual Appreciation
16.12%

Purchase Details

Listed on
Jun 20, 2014
Closed on
Jul 18, 2014
Sold by
The Bank Of New York Mellon
Bought by
Sapphire Springs Developments Inc
Seller's Agent
David Bee
Prestige Realty Group, LLC
Buyer's Agent
Marsha Bricker
Landmark Realty Group - Sapphire/Burlingame
List Price
$243,000
Sold Price
$235,000
Premium/Discount to List
-$8,000
-3.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.40%

Purchase Details

Closed on
Apr 18, 2014
Sold by
Livingston Virginia L
Bought by
The Bank Of New York Mellon and The Bank Of New York
Source: Public Records

Range of Values:

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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
Wheeler John M $500,000 None Available
Sapphire Springs Developments Inc $235,000 None Available
The Bank Of New York Mellon $418,200 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Livingston Virginia L $60,000
Previous Owner Livingston Virginia L $400,000
Previous Owner Livingston Virginia L $35,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2021 01/06/21 Sold $500,000 +11.4% $163 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
06/05/2019 06/05/19 For Sale $448,900 +91.0% $147 / Sq Ft
07/24/2014 07/24/14 Sold $235,000 -3.3% $77 / Sq Ft
07/07/2014 07/07/14 Pending -- -- --
06/21/2014 06/21/14 For Sale $243,000 -- $79 / 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 $2,862 $434,770 $100,000 $334,770
2023 $2,862 $434,770 $100,000 $334,770
2022 $2,862 $434,770 $100,000 $334,770
2021 $2,840 $434,770 $100,000 $334,770
2020 $3,754 $539,310 $0 $0
2019 $3,727 $539,310 $0 $0
2018 $3,049 $539,310 $0 $0
2017 $3,014 $539,310 $0 $0
2016 $3,003 $539,310 $0 $0
2015 $2,582 $609,420 $210,000 $399,420
2014 $2,582 $609,420 $210,000 $399,420
Source: Public Records

Agents Affiliated with this Home

  • Marsha Bricker

    Seller's Agent in 2021

    Marsha Bricker

    Landmark Realty Group - Sapphire/Burlingame

    (828) 553-2357

    25 in this area

    230 Total Sales

    Section Image

  • K

    Buyer's Agent in 2021

    Kathy Balistreri

    Balistreri Realty

    (828) 883-4848

    28 in this area

    38 Total Sales

    Section Image

  • D

    Seller's Agent in 2014

    David Bee

    Prestige Realty Group, LLC

    (828) 526-9999

    4 Total Sales

    Section Image
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 91144

APN: 8512-77-6180-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

424 Cherokee Trace, Lake Toxaway, NC

This home is located at 424 Cherokee Trace, Lake Toxaway, NC 28747 since 04 June 2019 and is currently priced at $1,152,626, approximately $376 per square foot. This property was built in 1988. 424 Cherokee Trace is a home located in Transylvania County.

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