NOT LISTED FOR SALE

178 Kates Cove Rd Murphy, NC 28906

Murphy Area

Estimated Value: $324,000 - $374,000

2 Beds
2 Baths
-- Sq Ft
1.73 Acre Lot

Sale Details

Date Sold: October 20, 2022

Last sale price $310,000

Est. 10% increase in value since last sale

Current estimated payment $1,980 / mo

57 Days on Market

Highlights

  • View of Trees or Woods
  • Deck
  • Wood Flooring
  • Chalet
  • Cathedral Ceiling
  • 1 Fireplace

About This Home

As of October 2022

Fabulous Turn Key Ready NC Mountain Home! Highly successful short term vacation rental property - $36,000 income for 2021. Business will convey with sale. Absolutely charming log-sided home tucked into a quiet neighborhood just minutes to Murphy, GA, TN, and all the local activities! Step inside to soaring ceilings, wide-plank floors, a fully equipped kitchen with granite, cozy stone gas fireplace, full length covered porch to soak in the views, 2 large bedrooms - main floor bedroom w/french doors to porch. Loft master with private bath. Outdoor gathering spaces with fire pit and brand new she shed ready for you to use as you wish! Sold fully furnished and equipped - not a thing needs to be done! High speed internet (BRMEMC). Perfect investment, second home or full time retreat!

Last Agent to Sell the Property

Karen Ritenour

Coldwell Banker High Country Realty - Murphy Brokerage Phone: 8288358500 License #409804 Listed on: 09/01/2022

Coldwell Banker High Country Realty - Murphy

Last Buyer's Agent

Levi Killian

Appalachian Land Company License #384582

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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2018

Lot Details

  • 1.73 Acre Lot
  • Garden

Home Design

  • Chalet
  • Cabin
  • Frame Construction
  • Metal Roof
  • Log Siding

Interior Spaces

  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • 1 Fireplace
  • Insulated Windows
  • Wood Flooring
  • Views of Woods

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Deck
  • Fire Pit
  • Separate Outdoor Workshop

Utilities

  • Cooling Available
  • Heating Available
  • Well
  • Septic Tank

Community Details

  • Property has a Home Owners Association
  • Kates Cove Subdivision

Listing and Financial Details

  • Tax Lot 4&5
  • Assessor Parcel Number 458003137769000

Home Details

Home Type

Single Family

Year Built

Built in 2018

Lot Details

1.73 Acres

Listing Details

  • Prop. Type: Residential
  • Year Built: 2018
  • Property Sub Type: Residential
  • Road Frontage Type: Road
  • Lot Size Acres: 1.73
  • Road Surface Type: Paved
  • Subdivision Name: Kates Cove
  • Architectural Style: Chalet, Cabin
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Range, Microwave, Dishwasher, Washer, Dryer
  • Has Basement: None
  • Furnished: Furnished
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Wood
  • Interior Amenities: Ceiling Fan(s), Cathedral Ceiling(s), Wood
  • Window Features: Insulated Windows
  • Master Bedroom Master Bedroom Level: Upper

Exterior Features

  • Roof: Metal
  • View: Trees/Woods
  • Topography: Wooded,Rolling
  • View: Yes
  • Waterfront: No
  • Construction Type: Frame, Log Siding
  • Exterior Features: Garden, Fire Pit
  • Other Structures: Workshop
  • Patio And Porch Features: Front Porch, Deck
  • Property Condition: Resale

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway, Gravel

Utilities

  • Cooling: Window Unit(s), Wall Unit(s)
  • Heating: Electric
  • Sewer: Septic Tank
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Community, Shared Well

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 340
  • Association: Yes

Schools

  • Junior High Dist: Murphy

Lot Info

  • Lot Size Sq Ft: 75358.8
  • Parcel #: 458003137769000
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Lot: 4&5

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 1, 2022
Closed on
Sep 20, 2022
Sold by
Bought by
Seller's Agent
Karen Ritenour
Coldwell Banker High Country Realty - Murphy
Buyer's Agent
Levi Killian
Appalachian Land Company
List Price
$329,900
Sold Price
$310,000
Premium/Discount to List
-$19,900
-6.03%
Current Estimated Value
$341,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$31,995
Avg. Annual Appreciation
2.59%
Original Mortgage
$232,500
Outstanding Balance
$222,191
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$119,804

Purchase Details

Closed on
Jun 30, 2022
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Murphy, NC

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$310,000 --
-- Cowan & Cowan Pa
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $232,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/22/2022 10/22/22 Off Market $310,000 -- --
10/20/2022 10/20/22 Sold $310,000 -4.5% --
09/01/2022 09/01/22 Pending -- -- --
08/11/2022 08/11/22 Price Changed $324,500 -1.6% --
08/01/2022 08/01/22 For Sale $329,900 +6.4% --
07/12/2022 07/12/22 Off Market $310,000 -- --
07/06/2022 07/06/22 For Sale $329,900 +130.1% --
05/01/2018 05/01/18 Sold $143,400 -- -- View Prior Sale
01/09/2018 01/09/18 Pending -- -- --
Source: Northeast Georgia Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $1,248 $176,980 $0 $0
2024 $12 $176,980 $0 $0
2023 $994 $176,980 $0 $0
2022 $994 $139,810 $0 $0
2021 $840 $139,810 $60,000 $79,810
2020 $610 $139,810 $0 $0
2019 $610 $93,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Georgia Board of REALTORS®

MLS Number: 318015

Northeast Georgia Board of REALTORS®

APN: 458003137769000

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