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.
Sold for $155,000
Street View
$155,000
261 Cherry Street, Murphy, NC 28906
3beds
0baths
1,746sqft
Single Family Residence
Built in 1920
0.28 Acres Lot
$149,400 Zestimate®
$89/sqft
$1,500 Estimated rent
Home value
$149,400
$112,000 - $187,000
$1,500/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Mark Edwards,
ReMax Mountain Properties
Bought with:
Allison Ralph
Old Town Brokers
Source: Hive MLS,MLS#: 98534714
Originating MLS: Mountain Lakes Board of REALTORS®
Originating MLS: Mountain Lakes Board of REALTORS®Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 0
- Full bathrooms: 3
Heating
- None
Cooling
- None
Appliances
- Included: None
Features
- None, Basement
- Flooring: Other
- Basement: Partial,Unfinished
- Attic: None
Interior area
- Total structure area: 1,746
- Total interior livable area: 1,746 sqft
Property
Parking
- Parking features: No Garage
Features
- Levels: One
- Exterior features: None
Lot
- Size: 0.28 Acres
- Features: Wooded
Details
- Parcel number: 45925635936000
- Zoning: None
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Slab
- Roof: Metal
Condition
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Subdivision: N/A
Location
- Region: Murphy
Financial & listing details
- Price per square foot: $89/sqft
- Tax assessed value: $108,240
- Date on market: 6/25/2025
- Listing terms: Cash
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/29/2025 | Sold | $155,000$89/sqft |
Source:  Hive MLS #98534714 Report a problem | ||
| 6/26/2025 | Pending sale | $155,000$89/sqft |
Source:  Mountain Lakes BOR #153136 Report a problem | ||
| 6/25/2025 | Listed for sale | $155,000$89/sqft |
Source: Mountain Lakes BOR #153136 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $108,240 |
| 2024 | $830 +2.5% | $108,240 |
| 2023 | $810 | $108,240 |
| 2022 | $810 +17.2% | $108,240 |
| 2021 | $691 +6.7% | $108,240 |
| 2020 | $648 +79.5% | $108,240 +166.9% |
| 2019 | $361 | $40,560 |
| 2018 | $361 | $40,560 |
| 2017 | $361 | $40,560 |
| 2016 | $361 | $40,560 |
| 2015 | $361 +34.5% | $40,560 +9.1% |
| 2012 | $268 | $37,180 -40.8% |
| 2011 | -- | $62,840 |
| 2010 | -- | $62,840 |
Find assessor info on the county website
Neighborhood: 28906
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Nearby schools
GreatSchools rating
- 8/10Murphy ElementaryGrades: PK-5Distance: 0.4 mi
- 5/10Murphy MiddleGrades: 6-8Distance: 1.3 mi
- 7/10Murphy HighGrades: 9-12Distance: 1.3 mi
Schools provided by the listing agent
- Elementary: Murphy
- Middle: Murphy Middle
- High: Murphy High School
Source: Hive MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$149,400
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$149,400
- North Carolina
- Cherokee County
- Murphy
- 28906
- 261 Cherry Street
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