NOT LISTED FOR SALE

705 Shelton Rd Unit 723 & 725 Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $421,000 - $635,000

3 Beds
3.5 Baths
1,424 Sq Ft
$360/Sq Ft Est. Value

Last Sold December 07, 2020

Last sale price $269,000 $189 Per Sq Ft

Est. 99% increase in value since last sale

Current estimated payment $3,090/month

19 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Tile Flooring
  • Open Floorplan
  • Private Lot
  • Kitchen Island

About This Home

As of December 2020

This unique LAKEFRONT 2 Bedroom Cabin and 1 bedroom Cottage are a rare find in beautiful Lake Toxaway! Own your very own piece of the tranquil Blue Ridge Lake on this large 2.51 acre lot! Take in a fresh breath of cool mountain air while sitting on your own private dock or launch off in a canoe and take a peaceful paddle. RENTAL INCOME ON CABIN & COTTAGE CURRENTLY! Did I mention these homes come fully furnished...so bring your suitcase and enjoy some year round fun in beautiful Transylvania County, where we are the Land of the Waterfalls!

Last Agent to Sell the Property

Sophia Reid

Petit Properties Inc License #310084 Listed on: 10/01/2020

Last Buyer's Agent

Kandi Hendricks

Allen Tate/Beverly-Hanks Hendersonville License #299378

Allen Tate/Beverly-Hanks Hendersonville

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1967

Lot Details

  • Waterfront
  • Private Lot
  • Many Trees

Parking

  • Gravel Driveway

Home Design

  • Cabin

Interior Spaces

  • Open Floorplan
  • Wood Burning Fireplace
  • Crawl Space

Kitchen

  • Oven
  • Kitchen Island

Flooring

  • Laminate
  • Tile
  • Vinyl

Utilities

  • Septic Tank

Community Details

  • Community Lake

Listing and Financial Details

  • Assessor Parcel Number 8523-29-7174-000

Home Details

Home Type

Single Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Single Family
  • Property Sub Type: 1 Story
  • Architectural Style: Cabin
  • Construction Status: Complete
  • Ratio Close Price By List Price: 0.98716
  • Ratio Close Price By Original Li: 0.98716
  • Ratio Current Price By Acre: 107171.31
  • Ratio Current Price By Sq Ft: 188.90
  • Year Built: 1967
  • Special Features: None
  • Stories: 1

Interior Features

  • Foundation Details: Crawl Space
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bathrooms: 4.00
  • Total Bedrooms: 3
  • Equipment: Dishwasher, Dryer, Oven, Refrigerator, Washer
  • Fireplace Description: Wood Burning
  • Fireplace: Yes
  • Flooring: Laminate Wood, Tile, Vinyl
  • Interior Amenities: Kitchen Island, Open Floorplan, Split BR Plan, Vaulted Ceiling
  • Laundry Location: Porch, Utility Room
  • Room Count: 2
  • Second Living Quarters: Guest House, Separate Entrance, Separate Living Quarters
  • Second Living Quarters Hla: 572
  • Main Level Sq Ft: 1424
  • Total Sq Ft: 1424

Exterior Features

  • Construction: Wood
  • Construction Type: Site Built

Garage/Parking

  • Driveway: Gravel
  • Parking: Driveway

Utilities

  • Heating: Electric Hot Air, Gas Hot Air Furnace, No A/C, Wall Unit Heat
  • Sewer: Septic Installed
  • Water: Well Installed
  • Water Heater: Electric

Condo/Co-op/Association

  • Community Features: Lake

Schools

  • Elementary School: TC Henderson
  • Middle School: Rosman
  • High School: Rosman

Lot Info

  • Lot Features: Lake, Lake Access, Mountain View, Private, Trees, Waterfront
  • Lot Size Area: 2.510
  • Parcel Number: 8523-29-7174-000
  • Plat Book Slide: F15/233

Tax Info

  • Tax Value: 254300.00
  • Tax Location: Transylvania

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Nov 24, 2020
Sold by
Lewis Michele
Bought by
Kilpatrick Jeffrey T and Kilpatrick Ann Marie
Seller's Agent
Sophia Reid
Petit Properties Inc
Buyer's Agent
Kandi Hendricks
Allen Tate/Beverly-Hanks Hendersonville
List Price
$272,500
Sold Price
$269,000
Premium/Discount to List
-$3,500
-1.28%
Current Estimated Value
$535,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$266,069
Avg. Annual Appreciation
15.74%
Original Mortgage
$242,100
Outstanding Balance
$218,363
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$314,108

Purchase Details

Closed on
Jul 1, 2013
Sold by
Serenity Blue Llc
Bought by
Lewis Michele

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,000
Interest Rate
3.96%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 11, 2012
Sold by
Gostin Eva Marie
Bought by
Serenity Blue 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
Kilpatrick Jeffrey T $269,000 None Available
Lewis Michele -- None Available
Serenity Blue Llc $252,500 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kilpatrick Jeffrey T $242,100
Previous Owner Lewis Michele $65,000
Previous Owner Serenity Blue Llc $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2020 12/07/20 Sold $269,000 -1.3% $189 / Sq Ft
10/20/2020 10/20/20 Pending -- -- --
10/01/2020 10/01/20 For Sale $272,500 -- $191 / 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 $1,614 $245,190 $80,320 $164,870
2023 $1,614 $245,190 $80,320 $164,870
2022 $1,614 $245,190 $80,320 $164,870
2021 $1,602 $245,190 $80,320 $164,870
2020 $1,770 $254,300 $0 $0
2019 $1,757 $254,300 $0 $0
2018 $1,438 $254,300 $0 $0
2017 $1,421 $254,300 $0 $0
2016 $1,416 $254,300 $0 $0
2015 $896 $263,030 $85,340 $177,690
2014 $896 $263,030 $85,340 $177,690
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Canopy MLS (Canopy Realtor® Association)

MLS Number: CAR3667198

Canopy MLS (Canopy Realtor® Association)

APN: 8523-29-7174-000