58 Rainbows End Lake Toxaway, NC 28747
Lake Toxaway NeighborhoodEstimated Value: $736,775
2
Beds
2
Baths
1,968
Sq Ft
$374/Sq Ft
Est. Value
Highlights
- Lake Front
- 2.47 Acre Lot
- Wooded Lot
- Docks
- Community Lake
- Cathedral Ceiling
About This Home
As of August 2020This custom designed Lake and Mountain retreat has 2 waterfront lots totaling 2.47 +/-acres. The acreage offers a pleasant lake setting fed by a sparkling stream on Rainbow Lake. With the large dock with its own doggy ramp and fire pit is perfect for lake front living. A canoe and kayak are on call for fishing or a pleasant lake outing at the home. This charming furnished 2Bd/2Bth plus sleeping Loft cottage has a gorgeous new kitchen and master bath and is ready for your family. The cottage features two decks (screened & open) and a front porch. You can walk or take a cart path to the lake in your own Kawasaki mule which is included. Did I forget to mention the fenced back yard and underground electric fence in front? The large lower level space with partial wood floor is perfect for your workshop or extra storage. A second large deck provides an additional game area. Selling furnished with few exceptions. New roof in 2016. The Indian Lake community offers a waterfront park on 2 lakes and excellent fishing. There is also an additional canoe on Indian Lake to use that is included. 292 feet +/- of lake frontage. Build another home on the extra lot or sell it. Come enjoy the easy living lake lifestyle. Or you can enjoy the quiet and peace of Rainbow Lake while throwing in an occasional line. This is a special property!
Last Agent to Sell the Property
NCmountainlife.com Brokerage Phone: 8285533391 Listed on: 01/15/2020
Last Buyer's Agent
Non Member
NON-MEMBER OFFICE
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $1,921
Year Built
- Built in 1999
Lot Details
- 2.47 Acre Lot
- Home fronts a stream
- Lake Front
- Fenced
- Wooded Lot
- Garden
HOA Fees
- $152 Monthly HOA Fees
Property Views
- Lake
- Woods
- Mountain
Home Design
- Shingle Roof
- Wood Siding
Interior Spaces
- 2-Story Property
- Partially Furnished
- Built-In Features
- Cathedral Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Window Treatments
- Screened Porch
- Crawl Space
- Dryer
Kitchen
- Breakfast Bar
- Double Oven
- Microwave
- Dishwasher
- Disposal
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Parking
- Detached Garage
- 1 Carport Space
Outdoor Features
- Docks
- Fire Pit
Utilities
- Central Heating and Cooling System
- Heat Pump System
- Private Water Source
- Septic Tank
Community Details
- Indian Lake Estates Subdivision
- Community Lake
Listing and Financial Details
- Tax Lot Part 9. 6&7
- Assessor Parcel Number *8523-35-2673-000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 10, 2021
Sold by
Pickett Mathew M
Bought by
Pickett Mathew M and Pickett Marc
Total Days on Market
162
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$448,200
Outstanding Balance
$410,182
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$326,593
Purchase Details
Listed on
Jan 15, 2020
Closed on
Aug 6, 2020
Sold by
Earl Richard A and Lazzer Earl Janet
Bought by
Hanks Carl and Hanks Jeneice
Seller's Agent
Dorothy Swearingen
NCmountainlife.com
Buyer's Agent
Non Member
NON-MEMBER OFFICE
List Price
$400,000
Sold Price
$390,000
Premium/Discount to List
-$10,000
-2.5%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.11%
Original Mortgage
$312,000
Interest Rate
3.1%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jan 11, 2017
Closed on
Apr 28, 2017
Sold by
Revie Richard D and Revie Joannes
Bought by
Earl Richard A and Laze Earl Janet
Seller's Agent
Cindy Petit
Petit Properties Inc
Buyer's Agent
Dorothy Swearingen
NCMountainLife.com
List Price
$299,900
Sold Price
$275,000
Premium/Discount to List
-$24,900
-8.3%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.24%
Original Mortgage
$80,000
Interest Rate
4.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 1, 1990
Bought by
Revie Richard D and Revie Joanne S
Similar Homes in Lake Toxaway, NC
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Pickett Mathew M | -- | None Available | |
| Pickett Mathew M | $498,000 | None Available | |
| Hanks Carl | $390,000 | None Available | |
| Earl Richard A | $275,000 | None Available | |
| Revie Richard D | $11,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Pickett Mathew M | $448,200 | |
| Previous Owner | Hanks Carl | $312,000 | |
| Previous Owner | Earl Richard A | $35,000 | |
| Previous Owner | Earl Richard A | $80,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/07/2020 08/07/20 | Sold | $390,000 | -2.5% | $198 / Sq Ft |
| 07/10/2020 07/10/20 | Pending | -- | -- | -- |
| 01/16/2020 01/16/20 | For Sale | $400,000 | +45.5% | $203 / Sq Ft |
| 04/28/2017 04/28/17 | Sold | $275,000 | -8.3% | $140 / Sq Ft |
| 03/07/2017 03/07/17 | Pending | -- | -- | -- |
| 01/11/2017 01/11/17 | For Sale | $299,900 | -- | $152 / Sq Ft |
Source: Highlands-Cashiers Board of REALTORS®
Tax History Compared to Growth
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 | $1,881 | $285,780 | $50,000 | $235,780 |
| 2023 | $1,881 | $285,780 | $50,000 | $235,780 |
| 2022 | $1,881 | $285,780 | $50,000 | $235,780 |
| 2021 | $1,867 | $285,780 | $50,000 | $235,780 |
| 2020 | $1,674 | $240,570 | $0 | $0 |
| 2019 | $1,662 | $240,570 | $0 | $0 |
| 2018 | $1,360 | $240,570 | $0 | $0 |
| 2017 | $1,316 | $235,390 | $0 | $0 |
| 2016 | $1,311 | $235,390 | $0 | $0 |
| 2015 | $925 | $218,460 | $35,000 | $183,460 |
| 2014 | $925 | $218,460 | $35,000 | $183,460 |
Source: Public Records
Agents Affiliated with this Home
-
Dorothy Swearingen
Seller's Agent in 2020
Dorothy Swearingen
NCmountainlife.com
(828) 553-3391
19 in this area
115 Total Sales
-
N
Buyer's Agent in 2020
Non Member
NON-MEMBER OFFICE
-
Cindy Petit
Seller's Agent in 2017
Cindy Petit
Petit Properties Inc
(828) 553-1023
48 in this area
143 Total Sales
Map
Source: Highlands-Cashiers Board of REALTORS®
MLS Number: 92688
APN: 8523-35-2673-000
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