NOT LISTED FOR SALE

Estimated Value: $238,000 - $470,000

2 Beds
1 Bath
847 Sq Ft
$352/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $232,500 $274 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,636/month

1 Day on Market

Highlights

  • Deck
  • Wood Flooring
  • Laundry Room
  • Wooded Lot
  • Screened Porch
  • 1-Story Property

About This Home

As of December 2023

Cozy cottage in Lake Toxaway community. Built in 1965 and updated over the years since, this quaint cottage home offers both charm and character with its painted wood paneled walls, hardwood floors, stone fireplace with woodstove, and large screened sleeping porch, from which seasonal mountain views can be enjoyed. Fenced back yard for pets. Originally used as a summer cottage, the current owners have enjoyed the property year around. Whether it be for a weekend escape, summer vacation, private sanctuary, or year around living, this delightful cottage will be sure to satisfy you. Relish in all that the Lake Toxaway region has to offer including cooler summer temps, Pisgah National Forest, unparalleled hiking, waterfalls, swimming, and, of course, the charming mountain towns, including Lake Glenville, Brevard and Cashiers, which surround the community. More photos coming soon!

Last Agent to Sell the Property

Karl Small

Tryon Horse & Home LLC Brokerage Email: KSmall@tryonhorseandhome.com License #297170 Listed on: 10/05/2023

Last Buyer's Agent

Non Member

Canopy Administration

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $618

Year Built

  • Built in 1965

Lot Details

  • Back Yard Fenced
  • Chain Link Fence
  • Level Lot
  • Wooded Lot

Parking

  • Driveway

Home Design

  • Metal Roof
  • Wood Siding

Interior Spaces

  • 847 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Screened Porch
  • Laundry Room

Kitchen

  • Electric Oven
  • Electric Cooktop
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Partial Basement
  • Exterior Basement Entry
  • Crawl Space

Outdoor Features

  • Deck

Utilities

  • Shared Well
  • Septic Tank

Community Details

  • Wolf Ridge Subdivision

Listing and Financial Details

  • Assessor Parcel Number 8523-48-1554-000

Home Details

Home Type

Single Family

Est. Annual Taxes

$618

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1965
  • Restrictions: Deed
  • Road Surface Type: Gravel
  • Unit Levels: One
  • ResoPropertyType: Residential
  • Ratio CurrentPrice/TotalPropertyHLA: 274.50
  • Bedroom Lower: 0
  • Geocode Confidence: High
  • Attribution Contact: KSmall@tryonhorseandhome.com
  • Special Features: VirtualTour

Interior Features

  • Foundation Details: Basement, Crawl Space
  • Fireplace: Yes
  • Flooring: Tile, Wood
  • Lower Level Sq Ft: 0
  • Main Level Sq Ft: 847
  • Third Level Sq Ft: 0
  • Sq Ft Unheated Total: 0
  • Sq Ft Upper: 0
  • Appliances: Dishwasher, Electric Cooktop, Electric Oven, Refrigerator, Washer/Dryer
  • Above Grade Finished Sq Ft: 847
  • Has Basement: Exterior Entry, Partial, Unfinished
  • Basement YN: Yes
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Living Room, Wood Burning Stove
  • Living Area: 847
  • Bedroom Main: 2
  • Room Count: 7
  • Bedroom Basement: 0
  • Bedroom Third: 0

Exterior Features

  • New Construction: No
  • Roof: Metal
  • Construction Type: Site Built
  • Fencing: Back Yard, Chain Link
  • Construction Type: Wood
  • Patio And Porch Features: Covered, Deck, Front Porch, Screened

Garage/Parking

  • Main Level Garage YN: 0
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No
  • Parking Features: Driveway

Utilities

  • Heating: Electric, Wood Stove
  • Sewer: Septic Installed
  • Laundry Features: In Basement
  • Cooling: None
  • Water Source: Shared Well, Well

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Middle Or Junior School: Unspecified
  • HOA Subject To: None

Lot Info

  • Lot Features: Level, Sloped, Wooded, Views
  • Lot Size Area: 0.43
  • Lot Size Units: Acres
  • Parcel Number: 8523-48-1554-000
  • ResoLotSizeUnits: Acres
  • Zoning Specification: R

MLS Schools

  • Elementary School: Unspecified
  • High School: Unspecified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2023
Closed on
Dec 11, 2023
Sold by
Sumner Timothy P and Sumner Claudia T
Bought by
Spurgeon Theron and Spurgeon Rebekah
Seller's Agent
Karl Small
Tryon Horse & Home LLC
Buyer's Agent
Non Member
Canopy Administration
List Price
$247,000
Sold Price
$232,500
Premium/Discount to List
-$14,500
-5.87%
Total Days on Market
1
Views
26
Current Estimated Value
$298,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,045
Avg. Annual Appreciation
18.54%

Purchase Details

Listed on
May 18, 2017
Closed on
May 8, 2017
Sold by
Pnc Bank Na
Bought by
Sumner Timothy P
Seller's Agent
Daniel Seay
Carolina Mountain Brokers
Buyer's Agent
Daniel Seay
Carolina Mountain Brokers
List Price
$74,005
Sold Price
$72,006
Premium/Discount to List
-$1,999
-2.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.89%
Original Mortgage
$54,003
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2016
Sold by
Shea Daniel T and Shea Wanda
Bought by
Pnc Bank N A

Purchase Details

Closed on
Sep 1, 1985
Bought by
Shea Daniel T
Source: Public Records

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Range of Values:

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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
Spurgeon Theron $232,500 None Listed On Document
Sumner Timothy P $72,005 Nationallink
Pnc Bank N A $45,000 None Available
Shea Daniel T $32,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sumner Timothy P $54,003
Previous Owner Shea Daniel T $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/11/2023 12/11/23 Sold $232,500 -5.9% $274 / Sq Ft
10/05/2023 10/05/23 For Sale $247,000 +243.0% $292 / Sq Ft
06/26/2017 06/26/17 Sold $72,006 0.0% $88 / Sq Ft
06/26/2017 06/26/17 Sold $72,006 -2.7% $88 / Sq Ft
05/27/2017 05/27/17 Pending -- -- --
05/18/2017 05/18/17 For Sale $74,005 +2.8% $90 / Sq Ft
04/21/2017 04/21/17 Pending -- -- --
01/05/2017 01/05/17 For Sale $72,006 -- $88 / 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 $618 $93,940 $25,000 $68,940
2023 $618 $93,940 $25,000 $68,940
2022 $618 $93,940 $25,000 $68,940
2021 $614 $93,940 $25,000 $68,940
2020 $477 $68,480 $0 $0
2019 $473 $68,480 $0 $0
2018 $387 $68,480 $0 $0
2017 $383 $68,480 $0 $0
2016 $381 $68,480 $0 $0
2015 -- $73,780 $20,000 $53,780
2014 -- $73,780 $20,000 $53,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: 4072971

Canopy MLS (Canopy Realtor® Association)

APN: 8523-48-1554-000