NOT LISTED FOR SALE

779 Chestnut Trace Lake Toxaway, NC 28747

Lake Toxaway Neighborhood

Estimated Value: $878,601 - $2,783,000

4 Beds
4 Baths
3,036 Sq Ft
$501/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $685,000 $226 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $9,032/month

104 Days on Market

Highlights

  • Marina
  • Fitness Center
  • Community Lake
  • Golf Course Community
  • Mountain View
  • Clubhouse

About This Home

As of December 2021

Meticulously maintained 4 BR, 4 BA home with outstanding mountain view very close to the Lake Toxaway Country Club, the Greystone Inn, Marina, and all amenities. This charming home feels like a treehouse and features two bedrooms on the main floor, open great room with stone fireplace, well appointed kitchen, two separate garages, large open deck, and beautiful waterfall. This home is a must see and won't last long.

Last Agent to Sell the Property

Art Fisher

Fisher Realty Highlands Brokerage Phone: 8289669290 Listed on: 07/12/2021

Last Buyer's Agent

Susan Chambers-Roemisch

Lake Toxaway Company

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,485

Year Built

  • Built in 1985

Lot Details

  • 0.74 Acre Lot
  • Wooded Lot

HOA Fees

  • $201 Monthly HOA Fees

Parking

  • 2 Car Garage

Home Design

  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Vaulted Ceiling
  • Living Room with Fireplace
  • Mountain Views
  • Dryer
  • Partially Finished Basement

Kitchen

  • Double Oven
  • Microwave
  • Freezer
  • Kitchen Island
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Outdoor Features

  • Deck

Utilities

  • Cooling Available
  • Heat Pump System
  • Private Water Source
  • Well
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 12
  • Assessor Parcel Number 8512-67-9931-000

Community Details

Overview

  • Lake Toxaway Estates Subdivision
  • Community Lake

Amenities

  • Clubhouse

Recreation

  • Marina
  • Golf Course Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,485

Year Built

Built in 1985

Lot Details

0

HOA Fees

$201 per month

Parking

2

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.74
  • Subdivision Name: Lake Toxaway Estates
  • Directions: From US 64, enter Lake Toxaway Estates at the main entrance and proceed on West Club Blvd. to the only stop sign. Proceed straight and up the hill on Chestnut Trace, home is on the left marked 779.
  • Architectural Style: Bungalow
  • Carport Y N: No
  • Garage Yn: Yes
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Year Built: 1985
  • Attribution Contact: 8289669290
  • Special Features: None
  • Stories: 1

Interior Features

  • Furnished: Unfurnished
  • Appliances: Double Oven, Dryer, Freezer, Disposal, Microwave, Washer
  • Has Basement: Other, Partially Finished
  • Basement YN: Yes
  • Full Bathrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Flooring: Carpet, Tile, Wood
  • Interior Amenities: Built-in Features, Kitchen Island, Vaulted Ceiling(s), Walk-In Closet(s)

Exterior Features

  • Lot Features: Wooded
  • Pool Features: Community
  • View: Mountain(s)
  • View: Yes
  • Construction Type: Wood Siding
  • Exterior Features: Other
  • Foundation Details: Poured
  • Other Structures: Workshop
  • Patio And Porch Features: Rear Porch, Deck
  • Roof: Shingle

Garage/Parking

  • Covered Parking Spaces: 2.0
  • Garage Spaces: 2.0
  • Parking Features: Garage, Two Car Garage, Other, Paved

Utilities

  • Cooling: Heat Pump
  • Cooling Y N: Yes
  • Heating: Heat Pump
  • Heating Yn: Yes
  • Sewer: Septic Permit 4 Bedroom, Sewer Applied for Permit, Septic Tank
  • Utilities: Cable Available, High Speed Internet Available
  • Water Source: Private, Well

Condo/Co-op/Association

  • Community Features: Clubhouse, Fitness Center, Golf, Lake, Marina, Playground, Park, Pool, Tennis Court(s), Trails/Paths
  • Association Fee: 2413.0
  • Association Fee Frequency: Annually
  • Association: Yes

Lot Info

  • Lot Size Sq Ft: 32234.4
  • Parcel #: 8512-67-9931-000
  • ResoLotSizeUnits: Acres

Rental Info

  • Lease Term: Other

Tax Info

  • Tax Annual Amount: 3485.0
  • Tax Lot: 12
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2021
Closed on
Dec 1, 2021
Sold by
Bagwell George E
Bought by
Covill James H and Covill Cindy A
Seller's Agent
Art Fisher
Fisher Realty Highlands
Buyer's Agent
Susan Chambers-Roemisch
Lake Toxaway Company
List Price
$825,000
Sold Price
$685,000
Premium/Discount to List
-$140,000
-16.97%
Total Days on Market
104
Current Estimated Value
$1,521,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$836,150
Avg. Annual Appreciation
25.85%
Original Mortgage
$315,000
Outstanding Balance
$292,605
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$1,228,545

Purchase Details

Closed on
Jan 1, 2002
Bought by
Bagwell George E and Bagwell Susan C
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
Covill James H $685,000 None Available
Bagwell George E $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Covill James H $315,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/17/2021 12/17/21 Sold $685,000 -17.0% $226 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
07/13/2021 07/13/21 For Sale $825,000 -- $272 / 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
2024 $3,512 $533,520 $80,000 $453,520
2023 $3,512 $533,520 $80,000 $453,520
2022 $3,512 $533,520 $80,000 $453,520
2021 $3,485 $533,520 $80,000 $453,520
2020 $3,212 $461,500 $0 $0
2019 $3,189 $461,500 $0 $0
2018 $2,609 $461,500 $0 $0
2017 $2,579 $461,500 $0 $0
2016 $2,570 $461,500 $0 $0
2015 -- $516,450 $100,000 $416,450
2014 -- $516,450 $100,000 $416,450
Source: Public Records

Agents Affiliated with this Home

  • Art Fisher

    Seller's Agent in 2021

    Art Fisher

    Fisher Realty Highlands

    (828) 506-4895

    79 in this area

    193 Total Sales

    Art Fisher
    Section Image

  • S

    Buyer's Agent in 2021

    Susan Chambers-Roemisch

    Lake Toxaway Company

    (828) 966-4260

    6 in this area

    8 Total Sales

    Susan Chambers-Roemisch
    Section Image
See All Agents

Map

Source: Highlands-Cashiers Board of REALTORS®

MLS Number: 97001

APN: 8512-67-9931-000

North Carolina Transylvania County Lake Toxaway 28747 Lake Toxaway

779 Chestnut Trace, Lake Toxaway, NC

This home is located at 779 Chestnut Trace, Lake Toxaway, NC 28747 since 12 July 2021 and is currently estimated at $1,521,150, approximately $501 per square foot. This property was built in 1985. 779 Chestnut Trace is a home located in Transylvania County.

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