tomo logo

$799,900

Beds
3
Baths
3.5
sq ft
3,084

662 Cherokee Trace, Lake Toxaway, NC 28747

662 Cherokee Trace

Lake Toxaway, NC 28747

  • <1 day on market
Great opportunity to snag a golf course home with great views in the premier Lake Toxaway Estates neighborhood! Absolutely level private lot with fire pit and great views. Tremendous opportunity to put your stamp on this spacious home. Massive great room with soaring ceilings with stone fireplace, sliding glass doors that lead to a screen porch and side open porch. Master on the main and 2 other bedrooms. One with a full bath ensuite. Large loft with half bath upstairs. Lower level has small den and garage with space for golf cart and workshop. The Country club, Marina, Water Park are only minutes away if want to drive your golf car to dinner. New Roof June 2020. Walking trails, waterfalls, nature everywhere throughout the entire area!

Details

Property type

Single Family Residence

Est. home value

$707,047

Lot size

Unknown

Price per sq ft

$260

Year built

1995

Monthly HOA fee

$307.25

Price History

02/23/2025
CanopyMLS

CanopyMLS #4225873

Listed
$799,900
+88.26%
09/10/2020
CanopyMLS

CanopyMLS #3647922

Sold
$424,900

Schools & Community

Elementary school: 

T.C. Henderson

Middle school: 

Rosman

High school: 

Rosman

Community features: 

Clubhouse, Golf, Playground, Street Lights

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

$464,423
Asking price
$799,900
Closing costs (~8% of asking)
-$63,992
Est. remaining loan balance
-$271,485
Cash to seller
$464,423

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

Seller’s Loan History

Lender

Prime Meridian Bank

Loan start date

November 2020

Original loan amount

$300,000

Est. remaining balance

$271,485

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Todd Vincent Mcdaniel and Pamela Rene Mcdaniel

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?

Status: Active

Tomo last checked: 02/24/2025 at 4:05 AM

Listing updated: 02/23/2025 at 4:39 PM

Listed by: Marc Canter, Summit Realty Of WNC Inc Phone #: (828) 216-1768

MLS: CanopyMLS #4225873

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