NOT LISTED FOR SALE

580 Whetstone Gap Rd Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $346,389 - $747,000

3 Beds
2 Baths
1,706 Sq Ft
$276/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $242,500 $142 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $2,745/month

8 Days on Market

Highlights

  • View of Trees or Woods
  • Wooded Lot
  • Cottage
  • Deck
  • Wood Flooring
  • Circular Driveway

About This Home

As of July 2021

This one level cozy cabin offers mountain views and backs up to Gorges State Park. 3 Bedrooms, 2 Baths, attached single car garage, large rock fireplace in the living room, wood floors and open floor plan. Located between Brevard and Cashiers, this home would make a great vacation rental or year round home.

Last Agent to Sell the Property

Cindy Petit

Petit Properties Brokerage Phone: 8285531023 Listed on: 05/17/2021

Last Buyer's Agent

Non Member

Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,233

Year Built

  • Built in 1968

Lot Details

  • 0.39 Acre Lot
  • Lot Has A Rolling Slope
  • Wooded Lot

Parking

  • 1 Car Attached Garage
  • Circular Driveway

Property Views

  • Woods
  • Mountain

Home Design

  • Cottage
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Crawl Space

Kitchen

  • Electric Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Main Level Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Washer and Dryer Hookup

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Well
  • Septic Tank

Listing and Financial Details

  • Tax Lot 49
  • Assessor Parcel Number 8522705402000

Community Details

Overview

  • Property has a Home Owners Association
  • Whetstone Gap Subdivision

Recreation

  • Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,233

Year Built

Built in 1968

Lot Details

0

Parking

1

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Road Frontage Type: None
  • Lot Size Acres: 0.39
  • Lot Size: .39
  • Subdivision Name: Whetstone Gap
  • Directions: Hwy 64 to Whetstone Gap Road. Stay left at fork to home on the right marked 580.
  • Architectural Style: Cottage/Bungalow
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1968
  • Kitchen Level: Main
  • Attribution Contact: 8285531023
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Oven/Range-Electric, Dishwasher, Microwave, Refrigerator
  • Other Equipment: Satellite Internet, Satellite Dish
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room, Wood Burning
  • Fireplace: Yes
  • Flooring: Carpet, Wood, Vinyl
  • Interior Amenities: Ceiling Fan(s)
  • Main Level Bedrooms: 3
  • Living Room Living Room Level: Main
  • Master Bedroom Master Bedroom Level: Main
  • Room Bedroom3 Level: Main
  • Room Bedroom2 Level: Main
  • Room Family Room Level: Main
  • Dining Room Dining Room Level: Main

Exterior Features

  • Lot Features: Wooded, Rolling Slope, Partially Cleared
  • View: Winter, Mountain(s), Trees/Woods
  • View: Yes
  • Construction Type: Wood Siding
  • Other Structures: Shed(s)
  • Patio And Porch Features: Back, Deck
  • Roof: Shingle

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 1
  • Garage Spaces: 1
  • Parking Features: Gravel, Circular Driveway, Attached, Garage
  • Total Parking Spaces: 1

Utilities

  • Laundry Features: Washer/Dryer Connection, Main Level
  • Cooling: Heat Pump, Central Air
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Community Features: Walking/Bike Trails
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 16988.4
  • Farm Land Area Units: Square Feet
  • Parcel #: 8522705402000
  • Zoning: No
  • ResoLotSizeUnits: SquareFeet

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 1232.79
  • Tax Lot: 49
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2021
Closed on
Jun 22, 2021
Sold by
Whetstone Gap Road Llc
Bought by
Nulisch Joy
Seller's Agent
Cindy Petit
Petit Properties
Buyer's Agent
Non Member
Non-Member Office
List Price
$239,000
Sold Price
$242,500
Premium/Discount to List
$3,500
1.46%
Current Estimated Value
$471,097

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,597
Avg. Annual Appreciation
17.44%
Original Mortgage
$218,250
Outstanding Balance
$198,457
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$272,640

Purchase Details

Closed on
Dec 1, 2004
Bought by
Whetstone Gap Road Llc
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
Nulisch Joy $242,500 None Available
Whetstone Gap Road Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nulisch Joy $218,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/16/2021 07/16/21 Sold $242,500 +1.5% $142 / Sq Ft
05/27/2021 05/27/21 Pending -- -- --
05/18/2021 05/18/21 For Sale $239,000 -- $140 / 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
2025 $2,197 $457,170 $30,000 $427,170
2024 $1,494 $226,880 $30,000 $196,880
2023 $1,432 $217,500 $30,000 $187,500
2022 $1,432 $217,500 $30,000 $187,500
2021 $1,421 $217,500 $30,000 $187,500
2020 $1,518 $218,040 $0 $0
2019 $1,507 $218,040 $0 $0
2018 $1,233 $218,040 $0 $0
2017 $1,219 $218,040 $0 $0
2016 $1,214 $218,040 $0 $0
2015 -- $263,390 $75,000 $188,390
2014 -- $263,390 $75,000 $188,390
Source: Public Records

Agents Affiliated with this Home

  • Cindy Petit

    Seller's Agent in 2021

    Cindy Petit

    Petit Properties

    (828) 553-1023

    45 in this area

    133 Total Sales

    Cindy Petit
    Section Image

  • N

    Buyer's Agent in 2021

    Non Member

    Non-Member Office

See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 96511

APN: 8522-70-5402-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

580 Whetstone Gap Rd, Lake Toxaway, NC

This home is located at 580 Whetstone Gap Rd, Lake Toxaway, NC 28747 since 17 May 2021 and is currently estimated at $471,097, approximately $276 per square foot. This property was built in 1968. 580 Whetstone Gap Rd is a home located in Transylvania County.

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