261 Cherry St Murphy, NC 28906
Estimated payment $1,143/month
Total Views
242
3
Beds
3
Baths
1,746
Sq Ft
$89
Price per Sq Ft
Highlights
- Wooded Lot
- Level Lot
- No Heating
- 1-Story Property
About This Home
This property, located within the city limits, presents an intriguing opportunity for a cash buyer. Situated within walking distance to the town center, this fixer-upper could be transformed into a valuable rental property with two distinct units. The main house and basement efficiency, each with its own entrance, offer the potential for two separate living quarters. The water, sewer, and electric utilities are already metered for the two residences, streamlining the process for a prospective investor. Being sold AS IS.
Listing Agent
ReMax Mountain Properties Brokerage Email: 8288373002, ritzandremax@gmail.com License #89646 Listed on: 06/25/2025
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,438
Year Built
- Built in 1920
Lot Details
- 0.28 Acre Lot
- Level Lot
- Wooded Lot
Home Design
- Slab Foundation
- Frame Construction
- Metal Roof
- Vinyl Siding
Interior Spaces
- 1,746 Sq Ft Home
- 1-Story Property
- Unfinished Basement
- Partial Basement
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Full Bathrooms
Location
- City Lot
Utilities
- No Cooling
- No Heating
Listing and Financial Details
- Assessor Parcel Number 45925635936000
Map
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Home Values in the Area
Average Home Value in this Area
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 | $3,438 | $472,910 | $0 | $0 |
| 2023 | $3,428 | $472,910 | $0 | $0 |
| 2022 | $3,428 | $472,910 | $0 | $0 |
| 2021 | $2,875 | $472,910 | $20,000 | $452,910 |
| 2020 | $2,685 | $472,910 | $0 | $0 |
| 2019 | $2,688 | $422,130 | $0 | $0 |
| 2018 | $2,688 | $422,130 | $0 | $0 |
| 2017 | $2,724 | $427,920 | $0 | $0 |
| 2016 | $2,724 | $427,920 | $0 | $0 |
| 2015 | $2,724 | $427,920 | $33,650 | $394,270 |
| 2012 | -- | $308,830 | $33,650 | $275,180 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/26/2025 06/26/25 | Pending | -- | -- | -- |
| 06/25/2025 06/25/25 | For Sale | $155,000 | -- | $89 / Sq Ft |
Source: Mountain Lakes Board of REALTORS®
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | -- | None Available | |
| Deed | $540,500 | -- | |
| Warranty Deed | $49,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $100,000 | Credit Line Revolving | |
| Open | $447,925 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $417,000 | New Conventional | |
| Previous Owner | $243,784 | Credit Line Revolving | |
| Previous Owner | $650,000 | Construction |
Source: Public Records
Similar Homes in Murphy, NC
Source: Mountain Lakes Board of REALTORS®
MLS Number: 153136
APN: 4592-05-17-6753-000
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