992 Valley River Avenue - A Piece of Murphy, NC History with Endless Potential
Originally built in 1912, this Character filled fixer upper home is ready for its next chapter. Offering 3 bedrooms, 1.5 bathrooms, and a fully renovated kitchen with new appliances, this property provides the perfect foundation for your vision while still leaving plenty of opportunity to add your own finishing touches.
Whether you're looking for your next fix-and-flip project, a long-term rental investment, or a unique primary or vacation home, the possibilities here are endless. With its layout and ample space, the home may even lend itself to conversion into a duplex, creating additional income potential.
Situated on a flat corner lot within the city limits, this property enjoys a prime location in the heart of Murphy while maintaining a sense of privacy away from the main thoroughfare. You'll be just minutes from downtown Murphy, local parks, shopping, dining, pickleball courts, and Harrah's Cherokee Valley River Casino & Hotel.
Rich with character and packed with potential, this is the perfect opportunity for buyers with creativity and vision. If you've been searching for a property where you can build equity and create something special, this is the one. Bring your ideas, make it shine, and schedule your showing today!
For sale
Price cut: $10K (6/26)
$189,700
992 Valley River Avenue, Murphy, NC 28906
3beds
1,514sqft
Single Family Residence
Built in 1912
0.32 Acres Lot
$-- Zestimate®
$125/sqft
$-- HOA
What's special
Flat corner lotRich with character
- 32 days |
- 1,670 |
- 113 |
Zillow last checked:
Listing updated:
Listed by:
Blake Dockery 828-557-9148,
REMAX Town & Country - Murphy
Source: Hive MLS,MLS#: 100579977
Originating MLS: Mountain Lakes Board of REALTORS®
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Rooms
- Room types: Bedroom 1, Bedroom 2, Bedroom 3, Family Room, Dining Room, Living Room
Kitchen
- Level: Main
Heating
- Propane, Wall Furnace, Fireplace Insert
Cooling
- Wall/Window Unit(s)
Appliances
- Included: Built-In Microwave, Refrigerator, Range, Dishwasher
- Laundry: Dryer Hookup, Washer Hookup
Features
- Ceiling Fan(s)
- Flooring: Wood
- Basement: None
- Attic: None
Interior area
- Total structure area: 1,514
- Total interior livable area: 1,514 sqft
Property
Parking
- Parking features: Gravel, No Garage
Features
- Levels: Two
- Patio & porch: Porch
- Fencing: None
- Frontage type: See Remarks
Lot
- Size: 0.32 Acres
- Dimensions: 160 x 87
- Features: Level, Corner Lot
Details
- Additional structures: Storage, Outbuilding
- Parcel number: 459208775917000
- Zoning: R1
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Wood Siding
- Foundation: Crawl Space
- Roof: Shingle
Condition
- New construction: No
- Year built: 1912
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Not In Subdivision
HOA
- Has HOA: No
- Amenities included: Cable TV
Location
- Region: Murphy
Financial & listing details
- Price per square foot: $125/sqft
- Tax assessed value: $142,010
- Annual tax amount: $951
- Date on market: 6/9/2026
- Cumulative days on market: 32 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,503/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/26/2026 | Price change | $189,700-5%$125/sqft |
Source: | ||
| 6/9/2026 | Price change | $199,700-4.4%$132/sqft |
Source: | ||
| 12/18/2025 | Price change | $209,000-4.6%$138/sqft |
Source: Owner Report a problem | ||
| 12/4/2025 | Price change | $219,000-4.4%$145/sqft |
Source: Owner Report a problem | ||
| 11/20/2025 | Listed for sale | $229,000+81.7%$151/sqft |
Source: Owner Report a problem | ||
| 12/30/2024 | Sold | $126,000-24.3%$83/sqft |
Source: | ||
| 10/25/2024 | Price change | $166,500-8.4%$110/sqft |
Source: | ||
| 10/10/2024 | Price change | $181,700-7.8%$120/sqft |
Source: | ||
| 9/25/2024 | Price change | $197,100-1.6%$130/sqft |
Source: | ||
| 9/9/2024 | Listed for sale | $200,400+36%$132/sqft |
Source: | ||
| 8/1/2024 | Sold | $147,386-38.3%$97/sqft |
Source: Public Record Report a problem | ||
| 6/20/2024 | Price change | $239,000-4%$158/sqft |
Source: NGBOR #403428 Report a problem | ||
| 4/27/2024 | Listed for sale | $249,000+126.4%$164/sqft |
Source: NGBOR #403428 Report a problem | ||
| 1/25/2006 | Sold | $110,000$73/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $142,010 0% |
| 2024 | $958 +1.1% | $142,080 |
| 2023 | $947 +0.6% | $142,080 |
| 2022 | $942 +19.9% | $142,080 |
| 2021 | $785 +7.8% | $142,080 |
| 2020 | $729 +14.9% | $142,080 +32.2% |
| 2019 | $634 | $107,470 |
| 2018 | $634 | $107,470 |
| 2017 | $634 | $107,470 |
| 2016 | $634 | $107,470 |
| 2015 | $634 | $107,470 |
| 2012 | $634 | $107,470 -25% |
| 2011 | -- | $143,290 |
| 2010 | -- | $143,290 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 28906
Nearby schools
GreatSchools rating
- 8/10Murphy ElementaryGrades: PK-5Distance: 0.5 mi
- 5/10Murphy MiddleGrades: 6-8Distance: 0.7 mi
- 7/10Murphy HighGrades: 9-12Distance: 0.6 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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- North Carolina
- Cherokee County
- Murphy
- 28906
- 992 Valley River Avenue






