NOT LISTED FOR SALE

275 Island Dr Murphy, NC 28906

Estimated Value: $344,000 - $698,000

2 Beds
1 Bath
952 Sq Ft
$507/Sq Ft Est. Value

Last Sold July 18, 2024

Last sale price $440,000 $462 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $2,615/month

19 Days on Market

Highlights

  • Lake Front
  • 1 Fireplace
  • No HOA
  • Gated Community
  • Furnished
  • Community Pool

About This Home

As of July 2024

Log cabin on the Lake! This beautiful home is currently a successful Airbnb and comes fully furnished with a dock & a boat! Star Link internet currently installed, in use, and to be transferred! Lot is gentle and sloping. Plenty of parking. Just bring your toothbrush and your favorite people! Enjoy watching the sun set over the lake as you sit on your dock, around your fire pit, or on your screened in porch! 147 feet of lake front! NO Showings

Last Agent to Sell the Property

Randy Dockery

REMAX Mountain Properties Brokerage Phone: 8288373002 License #160889 Listed on: 05/17/2024

REMAX Mountain Properties

Last Buyer's Agent

Non NON-MLS MEMBER

NON-MLS OFFICE License #0

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1976

Lot Details

  • 0.27 Acre Lot
  • Lake Front

Property Views

  • Lake
  • Mountain

Home Design

  • Cabin
  • Shingle Roof
  • Log Siding

Interior Spaces

  • 952 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • 1 Fireplace
  • Carpet
  • Crawl Space
  • Laundry on main level

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Fire Pit

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Tax Lot 9/3
  • Assessor Parcel Number 455408890017000

Community Details

Overview

  • No Home Owners Association
  • Bear Paw Resort Subdivision

Recreation

  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1976
  • Property Sub Type: Residential
  • Road Frontage Type: Lakefront
  • Lot Size Acres: 0.27
  • Road Surface Type: Paved
  • Water Body Name: Hiwassee Lake,Hiwassee
  • Subdivision Name: Bear Paw Resort
  • Architectural Style: Cabin
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: One
  • New Construction: No
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Appliances: Refrigerator, Range, Microwave, Dishwasher
  • Has Basement: Crawl Space
  • Furnished: Furnished
  • Full Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Vented, Wood Burning
  • Fireplaces: 1
  • Fireplace: Yes
  • Flooring: Carpet
  • Interior Amenities: Ceiling Fan(s), Wood
  • Living Area: 952
  • Master Bedroom Master Bedroom Level: Main

Exterior Features

  • Roof: Shingle
  • View: Mountain(s), Lake
  • Pool Features: Community
  • Topography: Sloping,Wooded
  • View: Yes
  • Waterfront Features: Lake Front
  • Waterfront: Yes
  • Construction Type: Log, Other
  • Exterior Features: Fire Pit
  • Patio And Porch Features: Front Porch
  • Property Condition: Resale

Garage/Parking

  • Open Parking: Yes
  • Parking Features: Driveway, See Remarks, Asphalt

Utilities

  • Cooling: Central Air, Heat Pump
  • Heating: Central, Heat Pump
  • Sewer: Septic Tank
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated, Pool, Lake Access
  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Cherokee

Lot Info

  • Lot Size Sq Ft: 11761.2
  • Parcel #: 455408890017000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Lot: 9/3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jul 15, 2024
Sold by
Loven Andrew L and Tillery-Loven Catherine E
Bought by
Limehouse Steven R and Limehouse Jennifer K
Seller's Agent
Randy Dockery
REMAX Mountain Properties
Buyer's Agent
Non NON-MLS MEMBER
NON-MLS OFFICE
List Price
$559,900
Sold Price
$440,000
Premium/Discount to List
-$119,900
-21.41%
Views
264
Current Estimated Value
$482,488

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,488
Avg. Annual Appreciation
6.34%
Original Mortgage
$340,000
Outstanding Balance
$335,939
Interest Rate
6.99%
Mortgage Type
New Conventional
Estimated Equity
$146,549

Purchase Details

Listed on
Oct 11, 2021
Closed on
Mar 1, 2022
Sold by
Wachsler Steven H and Wachsler Mona S
Bought by
Loven Andrew L and Tillery-Loven Catherine E
Seller's Agent
Randy Dockery
REMAX Mountain Properties
Buyer's Agent
Randy Dockery
REMAX Mountain Properties
List Price
$425,000
Sold Price
$425,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.48%
Original Mortgage
$340,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1995
Bought by
Wachsler Jo D
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Limehouse Steven R $440,000 None Listed On Document
Limehouse Steven R $440,000 None Listed On Document
Loven Andrew L $425,000 Rodriguez Chelsea L
Wachsler Jo D -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Limehouse Steven R $340,000
Closed Limehouse Steven R $340,000
Previous Owner Loven Andrew L $340,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2024 07/18/24 Sold $440,000 -21.4% $462 / Sq Ft
06/06/2024 06/06/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $559,900 +31.7% $588 / Sq Ft
03/09/2022 03/09/22 Sold $425,000 0.0% $446 / Sq Ft View Prior Sale
10/26/2021 10/26/21 Pending -- -- --
10/11/2021 10/11/21 For Sale $425,000 -- $446 / Sq Ft
Source: Northeast Georgia Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

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
2025 $1,408 $187,710 $0 $0
2024 $1,383 $187,710 $0 $0
2023 $1,292 $187,710 $0 $0
2022 $1,292 $180,570 $0 $0
2021 $1,093 $180,570 $50,000 $130,570
2020 $1,021 $180,570 $0 $0
2019 $1,153 $188,770 $0 $0
2018 $1,153 $188,770 $0 $0
2017 $1,153 $188,770 $0 $0
2016 $1,153 $188,770 $0 $0
2015 $1,153 $188,770 $116,000 $72,770
2012 -- $188,770 $116,000 $72,770
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Georgia Board of REALTORS®

MLS Number: 403951

Northeast Georgia Board of REALTORS®

APN: 4554-08-89-0017-000