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This page contains information about each property aggregated from public data sources, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more.

779 Chestnut Trce Lake Toxaway, NC 28747

4 Beds 3 Baths 3,036 sqft Built 1985
Last updated:  Jan 23, 2020

INVESTimate

$701,161

$625K - $778K

Price Est.

$2,285

$2.0K - $2.6K

Rent Est.

$694,220  ( -0.99%)   1 YR EST. FORECAST

779 Chestnut Trce PROPERTY INFO

FACTS
  • Built In 1985
  • Price/Sqft : $230.95
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,036 sqft
  • Baths : 3 Full
PROPERTY DESCRIPTION
779 Chestnut Trce, Lake Toxaway, NC 28747 is a single family home of 3,036 sqft. HomeUnion estimate for 779 Chestnut Trce includes a Price Estimate of $701,161 and a Rent Estimate of $2,285. This single family home has 4 bedrooms, 3 bathrooms, and was built in 1985. This property has an estimated 15 year annualized Yield of 3.91% and Total Return of 5.41%. The estimated 1 year forecast in home value for 779 Chestnut Trce is -0.99%.
  
  
  

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779 Chestnut Trce SCHOOLS

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Financial Details

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Neighborhood

LAKE TOXAWAY

  • 1,916

    POPULATION
  • 845

    HOUSEHOLDS
  • 52.8%

    WHITE COLLAR

Neighborhood : LAKE TOXAWAY

HOUSEHOLDS
845
POPULATION

1,916

18.5%Renters
81.5%Home Owners
LABOR FORCE

 

52.8%White Collar
47.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,285 per month.

MY RENT : $2,285 MEDIAN RENT : $1,495

Rent % Distribution LEVEL
$500-699 0.5%
$700-899 8.8%
$900-999 8.8%
$1,000-1,499 32.2%
>=$1,500 49.8%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,285 would therefore be considered affordable for annual household incomes greater than $91,400 (12 months x 3.333 x $2,285).

Rent % Affordability
Above $500 80.4%
Above $700 69.0%
Above $1,100 40.6%
Above $1,500 29.9%
Above $1,900 21.9%
HOUSEHOLD INCOME RANGE

Approximately 126 of households in this neighborhood have a total annual income of $91,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,285 per month.

MINIMUM INCOME RANGE : $91,400

Income % Distribution
<$20K 19.6%
$20K-$35K 22.0%
$35K-$60K 28.5%
$60K-$100K 16.4%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 8.6%
10-14 mins 10.2%
15-19 mins 8.8%
20-29 mins 19.4%
30-44 mins 30.8%
45-59 mins 5.5%
>60 mins 12.8%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 50% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,285 per month.

MY RENT : $2,285 MEDIAN RENT : $1,495

Rent % Distribution
$500-699 0.5%
$700-899 8.8%
$900-999 8.8%
$1,000-1,499 32.2%
>=$1,500 49.8%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,285 would therefore be considered affordable for annual household incomes greater than $91,400 (12 months x 3.333 x $2,285).

Rent % Affordability
Above $500 80.4%
Above $700 69.0%
Above $1,100 40.6%
Above $1,500 29.9%
Above $1,900 21.9%
HOUSEHOLD INCOME RANGE

Approximately 126 of households in this neighborhood have a total annual income of $91,400 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,285 per month.

MINIMUM INCOME RANGE : $91,400

Income % Distribution
<$20K 19.6%
$20K-$35K 22.0%
$35K-$60K 28.5%
$60K-$100K 16.4%
>=$100K 13.5%
COMMUTE TIME DISTRIBUTION

59% of the working population has a commute time of 15 to 44 minutes, 23% has a commute time of 14 minutes or less and 18% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 4.1%
5-9 mins 8.6%
10-14 mins 10.2%
15-19 mins 8.8%
20-29 mins 19.4%
30-44 mins 30.8%
45-59 mins 5.5%
>60 mins 12.8%

LAKE TOXAWAY Demographics

INDUSTRY

Industry % Distribution
Administrative Support 7.6%
Construction 17.6%
Educational Services 8.1%
Health Care & Social Assistance 7.3%
Professional & Scientific Tech Services 10.9%
Retail & Wholesale Trader 14.7%
Other 33.8%
AGE DISTRIBUTION

53% of the population is between the ages of 25 and 64, 19% is 24 or younger and 28% is 65 or older.

Age % Distribution
<15 9.7%
15-19 6.3%
20-24 3.4%
25-44 19.7%
45-65 32.9%
66+ 28.0%
OCCUPATION

Occupation % Distribution
Healthcare 6.6%
Management, Business, & Financial 17.2%
Natural Resources Maintenance 14.9%
PCare 10.0%
Production & Transportation 11.5%
Sales & Office 29.6%
Other 10.2%
HIGHEST EDUCATION LEVEL

15% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 7.3%
High School 41.8%
Masters Degree 3.1%
Some College 21.6%
Some High School 12.0%
Other 14.3%

779 Chestnut Trce Comps

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