NOT LISTED FOR SALE

590 Cherokee Trace Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $1,455,000 - $2,067,000

3 Beds
5 Baths
2,736 Sq Ft
$622/Sq Ft Est. Value

Last Sold September 16, 2020

Last sale price $727,500 $266 Per Sq Ft

Est. 134% increase in value since last sale

Current estimated payment $9,784/month

239 Days on Market

Highlights

  • Marina
  • Panoramic View
  • Deck
  • Sauna
  • Community Lake
  • Vaulted Ceiling

About This Home

As of September 2020

Panoramic view of the 15th and 16th holes of the Lake Toxaway Country Club and a view of the mountains. Being newly and completely renovated, this home is in like new condition. Two master suites on the main level. New kitchen and baths! Large deck as well as a loft. Lower level has a perfect media room or playroom. Room for expansion of finished area in lower level. Less than two minutes from marina on Lake Toxaway and the club house of the Lake Toxaway Country Club.

Last Agent to Sell the Property

John Heinitsh

Lake Toxaway Company Brokerage Phone: 8289664260 Listed on: 12/02/2019

Last Buyer's Agent

Art Fisher

Fisher Realty Highlands

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,202

Year Built

  • Built in 1981

Lot Details

  • 1.01 Acre Lot
  • Lot Has A Rolling Slope

HOA Fees

  • $181 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Circular Driveway

Property Views

  • Panoramic
  • Golf Course
  • Mountain

Home Design

  • Traditional Architecture
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Vaulted Ceiling
  • Skylights
  • Living Room with Fireplace
  • Workshop
  • Sauna

Kitchen

  • Breakfast Bar
  • Double Oven

Flooring

  • Wood
  • Carpet
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Cooling Available
  • Central Heating
  • Heat Pump System
  • Well
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 39-J
  • Assessor Parcel Number 8512-86-5518-000

Community Details

Overview

  • Lake Toxaway Estates Subdivision
  • Community Lake

Recreation

  • Marina
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,202

Year Built

Built in 1981

Lot Details

0

HOA Fees

$181 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 1.01
  • Subdivision Name: Lake Toxaway Estates
  • Directions: Form Highway 64, turn onto West Club Blvd, proceed 2.0 miles to stop sign; proceed straight onto Chestnut Trace to next Stop sign; turn right and proceed to next stop sign; proceed straight onto West Club Drive; turn right onto Cherokee Trace and proceed to fork; take left fork and proceed to 590 Cherokee Trace on right.
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: Yes
  • New Construction: No
  • Year Built: 1981
  • Attribution Contact: 8289664260
  • PropertySubTypeAdditional: Single Family Residence
  • Special Features: None

Interior Features

  • Furnished: Unfurnished
  • Appliances: Double Oven
  • Has Basement: Full, Garage Access, Other, Concrete, Partially Finished, Walk-Out Access
  • Basement YN: Yes
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Concrete, Tile, Wood
  • Interior Amenities: Breakfast Bar, Separate/Formal Dining Room, Pantry, Sauna, Vaulted Ceiling(s), Walk-In Closet(s), Workshop
  • Window Features: Skylight(s)

Exterior Features

  • Lot Features: On Golf Course, Partially Cleared, Rolling Slope
  • View: Golf Course, Mountain(s), Panoramic
  • View: Yes
  • Waterfront Features: Deeded Access
  • Construction Type: Stone, Wood Siding
  • Exterior Features: None
  • Patio And Porch Features: Balcony, Rear Porch, Deck, Front Porch, Side Porch
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Circular Driveway, Garage, Two Car Garage, Golf Cart Garage, Garage Door Opener, Gravel, Parking Lot

Utilities

  • Laundry Features: Washer Hookup, Dryer Hookup
  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Central, Heat Pump
  • Heating Yn: Yes
  • Sewer: Sewer Applied for Permit
  • 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: 2172.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 43995.6
  • Parcel #: 8512-86-5518-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 2202.17
  • Tax Lot: 39-J
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2019
Closed on
Sep 6, 2020
Sold by
Blue Horizon Se Inc
Bought by
Martin Robert P and Martin Cheri
Seller's Agent
John Heinitsh
Lake Toxaway Company
Buyer's Agent
Art Fisher
Fisher Realty Highlands
List Price
$795,000
Sold Price
$727,500
Premium/Discount to List
-$67,500
-8.49%
Current Estimated Value
$1,701,869

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$974,369
Avg. Annual Appreciation
18.65%
Original Mortgage
$545,625
Outstanding Balance
$484,420
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$1,217,449

Purchase Details

Closed on
Sep 1, 2001
Bought by
Lenzen Lois Jean
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
Martin Robert P $727,500 None Available
Lenzen Lois Jean $460,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Robert P $545,625
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/16/2020 09/16/20 Sold $727,500 -8.5% $266 / Sq Ft
07/31/2020 07/31/20 Pending -- -- --
12/04/2019 12/04/19 For Sale $795,000 +165.0% $291 / Sq Ft
05/21/2018 05/21/18 Sold $300,000 -20.0% $110 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $375,000 -- $137 / 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 $4,808 $1,000,610 $200,000 $800,610
2024 $4,805 $729,970 $125,000 $604,970
2023 $4,805 $729,970 $125,000 $604,970
2022 $4,805 $729,970 $125,000 $604,970
2021 $4,769 $729,970 $125,000 $604,970
2020 $3,294 $473,300 $0 $0
2019 $3,271 $473,300 $0 $0
2018 $2,202 $389,490 $0 $0
2017 $2,177 $389,490 $0 $0
2016 $2,169 $389,490 $0 $0
2015 -- $574,200 $160,000 $414,200
2014 -- $574,200 $160,000 $414,200
Source: Public Records

Agents Affiliated with this Home

  • John Heinitsh

    Seller's Agent in 2020

    John Heinitsh

    Lake Toxaway Company

    (828) 966-4260

    42 in this area

    46 Total Sales

    John Heinitsh
    Section Image
  • Art Fisher

    Buyer's Agent in 2020

    Art Fisher

    Fisher Realty Highlands

    (828) 506-4895

    76 in this area

    185 Total Sales

    Art Fisher
    Section Image
  • Kathy Balistreri

    Seller's Agent in 2018

    Kathy Balistreri

    Balistreri Realty

    (828) 883-4848

    27 in this area

    37 Total Sales

    Kathy Balistreri
    Section Image
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Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 92520

APN: 8512-86-5518-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

590 Cherokee Trace, Lake Toxaway, NC

This home is located at 590 Cherokee Trace, Lake Toxaway, NC 28747 since 02 December 2019 and is currently estimated at $1,701,869, approximately $622 per square foot. This property was built in 1981. 590 Cherokee Trace is a home located in Transylvania County.

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