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$2,995,000

Beds
4
Baths
3.5
sq ft
4,490

540 Toxaway Drive, Lake Toxaway, NC 28747

540 Toxaway Drive

Lake Toxaway, NC 28747

  • 120 days on market
    • Price drop $305,000↓
Designed by noted architect Meyer Greeson Paulin, and Benson. This meticulously crafted 4 BR, 3/5 BA custom home on Toxaway Mountain features a large, light-filled great room with a stone fireplace and sweeping views of the Blue Ridge Parkway and surrounding mountains, a beautifully and well appointed kitchen, main floor primary suite with vaulted ceilings, large screened porch with wood-burning fireplace, three well-appointed guest bedrooms, private office, newly constructed two-car carport, new roof, and driveway scheduled to be freshly paved in October. This home also includes the adjacent lot 28 for additional privacy.

Details

Property type

Single Family Residence

Est. home value

$1,843,626

Lot size

Unknown

Price per sq ft

$668

Year built

2003

Monthly HOA fee

$441

Price History

12/28/2024
CanopyMLS

CanopyMLS #4185250

Price change
$2,995,000
-9.24%
10/01/2024
CanopyMLS

CanopyMLS #4185250

Listed
$3,300,000
+105.13%
01/19/2022
CanopyMLS

CanopyMLS #3751967

Sold
$1,608,750

Schools & Community

Elementary school: 

T.C. Henderson

Middle school: 

Rosman

High school: 

Rosman

Community features: 

Clubhouse, Fitness Center, Golf, Playground, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$1,720,511
Asking price
$2,995,000
Closing costs (~8% of asking)
-$239,600
Est. remaining loan balance
-$1,034,889
Cash to seller
$1,720,511

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

First Citizens Bank & Trust Co

Loan start date

January 2022

Original loan amount

$1,250,000

Est. remaining balance

$1,034,889

Interest rate

2.42%

Loan type

New Conventional, 15 year

Seller

Geoffrey Alan Ellis and Shannon Kathleen Ellis

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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1052 Toxaway Drive, Lake Toxaway, NC 28747

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Status: Active

Tomo last checked: 01/23/2025 at 3:55 PM

Listing updated: 01/22/2025 at 12:10 AM

Listed by: Art Fisher, Fisher Realty - 10 Park Place Phone #: (828) 883-9895

MLS: CanopyMLS #4185250

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