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261 Cherry St, Murphy, NC 28906

$155,000
Last sold 07/29/2025 after 34 Days
3
bed
—
bath
1,746
Sqft ($89/Sqft)

House not for sale

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About 261 Cherry St

Property type House

Year built 1920

HOA fee $0/month

Lot size 0.28 Acre

Property description

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.

Listed by

Listing Agent - Mark Edwards

Listing Agent Contact: 828-837-3002

Listing Office - ReMax Mountain Properties

Source: Hive MLS

MLS#98534714 • last updated 2 months ago

Movoto checked Hive MLS for data 5 minutes ago

Overview
Cooling/AC	None
Heating	None
Levels/Style	One
MLS #	98534714
Virtual Tour	N/A
Living Area	1746
Status	Closed
Lot Size (Acres)	0.28
Lot Size (SqFt)	12197
Year Built	1920

Interior
# of Full Baths	3
Total # of Bedrooms	3
Total # of Rooms	11
Flooring	Other
Interior Features	None, Basement
Appliances	None

Exterior
Roof	Metal
Foundation	Slab
Construction	Vinyl Siding
Parking	No Garage
Exterior Features	None
Lot Features	Wooded

Amenities / Utilities
Water Source	Public

Location
Elementary School	Murphy
Middle School	Murphy Middle
High School	Murphy High School
APN	45925635936000
Zoning	None
Directions	From McDonald's In Murphy, Stay On 64 E To Ledford St (@ Erlanger Urgent Care) Turn Left. Take A Quick Right On Cross St, Then A Left On Cherry St. House Will Be On The Right.

Multifamily Details

Lot/ Land Details
Road Frontage	Paved
Road Surface	Paved

We are not permitted to show value estimates for this property.

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Jul 2025
MLS # 98534714
Jul 29, 2025 Sold
$155,000
Jun 25, 2025 Listed
$155,000

Year Property taxes Tax assessment
2022
$810 +17.2%

$108,240
2021
$691 +6.7%

$108,240
2020
$648 +79.5%

$108,240
2019
$361

$108,240 +166.86%
2017
$361

$40,560
2016
$361 +34.5%

$40,560
2014
$268

—

261 Cherry St
$155K
—
28906
$349K 0% y/y
Murphy
$349K 0% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
245 Cherry St, Murphy, NC 28906	$171,000	2/1	1,308	0.01
277 Cherry St, Murphy, NC 28906	$220,000	2/2	1,708	0.02
254 Cherry St, Murphy, NC 28906	$174,000	2/1	1,376	0.03
325 Cherry St, Murphy, NC 28906	$214,000	2/1	960	0.03
24 Fox St, Murphy, NC 28906	$234,000	2/1	952	0.03
288 Cherry St, Murphy, NC 28906	$179,000	3/1	1,181	0.04
74 Palmer St, Murphy, NC 28906	$188,000	3/2	—	0.06
168 Boulevard St, Murphy, NC 28906	$349,000	3/2	1,763	0.06

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.