NOT LISTED FOR SALE

516 Cherokee Trace Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $994,000 - $1,618,000

2 Beds
4 Baths
3,300 Sq Ft
$359/Sq Ft Est. Value

Last Sold June 28, 2012

Last sale price $320,000 $97 Per Sq Ft

Est. 270% increase in value since last sale

Current estimated payment $6,746/month

381 Days on Market

About This Home

As of June 2012

Very motivated seller owns golf course home with great view including a of Lake Toxaway in winter. Located on the 16th hole, home has 3300 well cared for sq.feet with 5 rooms on main level and 3 areas on lower level. Two large, covered decks grace this home.Floral print wall coverings adorn the kitchen and bathrooms. Room for guests, den and play. Completed in 1992, original owner- must relocate. Septic approved for 2 bedrooms.

Last Agent to Sell the Property

Fred Markert

WNCPROPERTY.COM License #194439 Listed on: 04/08/2011

Last Buyer's Agent

Fred Markert

WNCPROPERTY.COM License #194439 Listed on: 04/08/2011

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,181

Year Built

  • Built in 1991

Lot Details

  • 0.62

Parking

  • 2

Interior Spaces

  • 4 Full Bathrooms
  • Fireplace
  • Insulated Windows

Utilities

  • Well

Listing and Financial Details

  • Assessor Parcel Number 8512-86-1683-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,181

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story Basement
  • Ratio Close Price By List Price: 0.80201
  • Ratio Close Price By Original Li: 0.64000
  • Ratio Current Price By Acre: 516129.03
  • Ratio Current Price By Sq Ft: 96.97
  • Year Built: 1991
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Basement Fully Finished
  • Full Bathrooms: 4
  • Total Bathrooms: 4.00
  • Total Bedrooms: 2
  • Doors and Windows: Insulated Windows, g-Insulated Door(s)
  • Equipment: Ceiling Fan(s), Dryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer, Electric Oven
  • Fireplace Description: Gas Vented
  • Fireplace: Yes
  • Fixture Exception Description: -personal effects
  • Flooring: Carpet
  • Sq Ft Basement: 1400
  • Main Level Sq Ft: 1900
  • Total Sq Ft: 3300
  • Sq Ft Unheated Basement: 450

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Concrete
  • Parking: Attached Carport, Basement, Carport - 1 Car, Garage - 2 Car

Utilities

  • Heating: Central Air, Electric Hot Air, Gas Hot Air Furnace, Heat Pump - AC
  • Sewer: Septic Tank
  • Water: Well

Condo/Co-op/Association

  • Association Fee: 2150.00

Schools

  • Middle School: Rosman
  • High School: Rosman

Lot Info

  • Lot Features: Mountain View, On Golf Course, Lake Access, Year Round View
  • Lot Size Area: 0.620
  • Parcel Number: 8512-86-1683-000
  • Plat Reference Section Pages: 454

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2011
Closed on
Jun 20, 2012
Sold by
Russell Billy Ray
Bought by
Smith Thomas Keith and Smith Karen
Seller's Agent
Fred Markert
WNCPROPERTY.COM
Buyer's Agent
Fred Markert
WNCPROPERTY.COM
List Price
$499,999
Sold Price
$320,000
Premium/Discount to List
-$179,999
-36%
Current Estimated Value
$1,183,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$863,403
Avg. Annual Appreciation
10.42%
Original Mortgage
$256,000
Outstanding Balance
$178,921
Interest Rate
3.86%
Mortgage Type
New Conventional
Estimated Equity
$1,004,482
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
Smith Thomas Keith $320,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Thomas Keith $256,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2012 06/28/12 Sold $320,000 -36.0% $97 / Sq Ft
04/23/2012 04/23/12 Pending -- -- --
04/08/2011 04/08/11 For Sale $499,999 -- $152 / 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
2025 $4,181 $870,080 $230,000 $640,080
2024 $2,891 $439,180 $125,000 $314,180
2023 $2,891 $439,180 $125,000 $314,180
2022 $2,891 $439,180 $125,000 $314,180
2021 $2,869 $439,180 $125,000 $314,180
2020 $2,411 $346,470 $0 $0
2019 $2,394 $346,470 $0 $0
2018 $1,959 $346,470 $0 $0
2017 $1,936 $346,470 $0 $0
2016 $1,929 $346,470 $0 $0
2015 $2,731 $608,490 $140,000 $468,490
2014 $2,731 $608,490 $140,000 $468,490
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2012

    Fred Markert

    WNCPROPERTY.COM

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CARNCM484815

Canopy MLS (Canopy Realtor® Association)

APN: 8512-86-1683-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

516 Cherokee Trace, Lake Toxaway, NC

This home is located at 516 Cherokee Trace, Lake Toxaway, NC 28747 since 08 April 2011 and is currently estimated at $1,183,403, approximately $358 per square foot. This property was built in 1991. 516 Cherokee Trace is a home located in Transylvania County.

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