NOT LISTED FOR SALE

481 Richland Ridge Rd Unit 11 Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $1,087,000 - $1,283,000

4 Beds
3.5 Baths
3,396 Sq Ft
$352/Sq Ft Est. Value

Last Sold March 18, 2022

Last sale price $850,000 $250 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $6,399/month

361 Days on Market

Highlights

  • Covered Dock
  • Radiant Floor
  • Cottage
  • Open Floorplan
  • Cathedral Ceiling
  • Recreation Facilities

About This Home

As of March 2022

Custom home designed by Parker Platt has incredible views and was built on one of the prime lots in the Richland Ridge Conservation Neighborhood in Lake Toxaway. Views all the way to the Blue Ridge Parkway with direct views of Devils Courthouse, Pilot Mountain and more. Interior of home is full of custom features, open floor plan opening onto large generous sized covered porch. Home has energy efficient features like radiant floor heat on all levels including recreation area on lower level. Lower level is plumbed for a full bath but currently just has a half bath. Lower level has lots of flexible space. Richland Ridge is a super special place with common area, over a mile West Fork River frontage and hiking trails, open conservation land and pastures along with river and gardens and 100's of conserved acres that back up to Pisgah National Forest. Truly one of the ares best kept secrets in a special area of Lake Toxaway, Transylvania County. Home borders Pisgah National Forest.

Last Agent to Sell the Property

Mike Carrick

Looking Glass Realty License #191829 Listed on: 02/11/2021

Last Buyer's Agent

William Cassida

Carolina Mountain Realty, Inc. License #304475

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,949

Year Built

  • Built in 2001

Lot Details

  • 4.57

HOA Fees

  • $163 Monthly HOA Fees

Home Design

  • Cottage
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Open Floorplan
  • Central Vacuum
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Attic Fan
  • Dishwasher
  • Laundry Room

Flooring

  • Wood
  • Radiant Floor
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • Garage
  • Basement Garage
  • Workshop in Garage

Outdoor Features

  • Covered Dock
  • Fire Pit
  • Gazebo

Farming

  • Machine Shed

Utilities

  • Heat Pump System
  • Radiant Heating System
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 8533-77-5669-000

Community Details

Overview

  • Richland Ridge HOA
  • Richland Ridge Subdivision
  • Mandatory home owners association

Amenities

  • Picnic Area

Recreation

  • Recreation Facilities
  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,949

Year Built

Built in 2001

Lot Details

0

HOA Fees

$163 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cottage
  • Year Built: 2001
  • Ratio Current Price By Acre: 230352.30
  • Restrictions: Architectural Review
  • Doors and Windows: g-Insulated Door(s),Insulated Windows
  • Special Assessment Yn: 0
  • Road Surface Type: Asphalt
  • Structure Type: Two Story/Basement
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Block
  • Fireplace: Yes
  • Flooring: Concrete, Tile, Wood
  • Interior Amenities: Attic Fan, Basement Shop, Built Ins, Cathedral Ceiling(s), Garage Shop, Open Floorplan
  • Fixture Exception Yn: 0
  • Sq Ft Additional: 0
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 1784
  • 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: 586
  • Porch: Back,Covered,Front
  • Appliances: Ceiling Fan(s), Central Vacuum, Dishwasher
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 4
  • Below Grade Sq Ft: 1026
  • Fireplace Features: Family Room, Wood Burning
  • Living Area: 3396
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Half Bathrooms: 0
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Half Bathrooms: 0
  • Full Bathrooms: 0
  • Half Bathrooms: 1
  • Total Bedrooms: 0

Exterior Features

  • Exterior Features: Fire Pit, Gazebo, Tractor Shed, Underground Power Lines
  • New Construction: No
  • Roof: Metal
  • Construction Status: Complete
  • Tax Location: No City Taxes Paid
  • Construction Type: Site Built
  • Water Body Name: West Fork French Broad River
  • Waterfront Features: Covered structure, Other
  • Waterfront Elevation: 2500
  • Construction Type: Wood Siding

Garage/Parking

  • Main Level Garage YN: 0
  • Sq Ft Garage: 726
  • Parking Features: Basement, Garage - 2 Car

Utilities

  • Heating: Heat Pump, Heat Pump, Radiant, Radiant Floor, Wood Stove, See Remarks
  • Sewer: Septic Installed
  • Water Heater: Gas,Propane
  • Laundry Features: In Basement
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Picnic Area, Recreation Area, Walking Trails
  • Association Fee: 1950
  • Association Fee Frequency: Annually
  • Hoa Subject To Dues: Mandatory
  • Association Name: Richland Ridge HOA
  • ResoAssociationFeeFrequency: Annually

Schools

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

Lot Info

  • Lot Features: Adjoins Forest, Long Range View, Mountain View, River Front, Views, Year Round View
  • Lot Size Area: 3.69
  • Lot Size Units: Acres
  • Parcel Number: 8533-77-5669-000
  • Plat Book Slide: 8/494
  • Plat Reference Section Pages: 8/494
  • Lot Size: 999999
  • Zoning Description: NONE

Tax Info

  • RATIO List Price By Tax Amount: 1.57943

Multi Family

  • Unit Count: 0

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2021
Closed on
Mar 15, 2022
Sold by
Lawton Winston John and Parker Amy
Bought by
Hay Emily C
Seller's Agent
Mike Carrick
Looking Glass Realty
Buyer's Agent
William Cassida
Carolina Mountain Realty, Inc.
List Price
$874,500
Sold Price
$850,000
Premium/Discount to List
-$24,500
-2.8%
Current Estimated Value
$1,078,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,821
Avg. Annual Appreciation
8.01%
Original Mortgage
$375,000
Outstanding Balance
$353,237
Interest Rate
3.85%
Mortgage Type
New Conventional
Estimated Equity
$752,135

Purchase Details

Closed on
Dec 1, 2003
Bought by
Winston John L
Source: Public Records

Range of Values:

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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
Hay Emily C $850,000 Jordan Donald E
Winston John L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hay Emily C $375,000
Previous Owner Wilston John L $417,000
Previous Owner Winston John Lawton $265,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $850,000 -2.8% $250 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
09/02/2021 09/02/21 For Sale $874,500 +2.9% $258 / Sq Ft
08/03/2021 08/03/21 Off Market $850,000 -- --
02/11/2021 02/11/21 For Sale $874,500 -- $258 / 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 $3,949 $599,910 $250,000 $349,910
2023 $3,949 $599,910 $250,000 $349,910
2022 $3,650 $553,680 $250,000 $303,680
2021 $3,622 $553,680 $250,000 $303,680
2020 $3,264 $468,090 $0 $0
2019 $3,241 $468,090 $0 $0
2018 $2,965 $468,090 $0 $0
2017 $2,942 $468,090 $0 $0
2016 $2,911 $468,090 $0 $0
2015 $1,560 $339,220 $100,000 $239,220
2014 $1,560 $339,220 $100,000 $239,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 3706928

Canopy MLS (Canopy Realtor® Association)

APN: 8533-77-5669-000