NOT LISTED FOR SALE

470 Teakwood Trail Murphy, NC 28906

Estimated Value: $501,993 - $567,000

2 Beds
3.5 Baths
2,423 Sq Ft
$217/Sq Ft Est. Value

Last Sold November 07, 2019

Last sale price $285,000 $118 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $3,073/month

41 Days on Market

Highlights

  • Home fronts a pond
  • Deck
  • Vaulted Ceiling
  • Chalet
  • Wooded Lot
  • Wood Flooring

About This Home

As of November 2019

Rustic is the theme in this beautiful chalet that comes FULLY FURNISHED & DECORATED BETTER THAN ANYTHING YOU'VE EVER SEEN! Spectacular floor plan: choose either master suite - there's two! One on the main floor and another in the loft with private balcony. Great Room has wood ceiling, flooring, a stacked stone fireplace in the middle of large chalet windows. Your kitchen has stainless appliances, breakfast bar/island, custom cabinetry. Spacious rec room with incredible decor! Grandiose saloon style bar with live edge, sink, and wine cooler. Add the pool table, TV area, games, bonus room and guest bath and you're sure to have a great time. BETTER THAN MOVE IN READY - just bring your clothes!

Last Agent to Sell the Property

Poltrock Team

ReMax Mountain Properties License #216558 Listed on: 08/28/2019

ReMax Mountain Properties

Last Buyer's Agent

Michelle Spies

Carolina Mountain Homes License #190672

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,330

Year Built

  • Built in 2006

Lot Details

  • 1.36 Acre Lot
  • Home fronts a pond
  • Level Lot
  • Wooded Lot
  • Property is in excellent condition

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Chalet
  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 2,423 Sq Ft Home
  • 1.5-Story Property
  • Wood Ceilings
  • Vaulted Ceiling
  • Ceiling Fan
  • Gas Log Fireplace
  • Double Pane Windows
  • Great Room with Fireplace
  • Property Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Laminate

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Heating and Cooling System
  • Shared Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • Cherokee Heights Subdivision

Listing and Financial Details

  • Tax Lot 9
  • Assessor Parcel Number 454300151565000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,330

Year Built

Built in 2006

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Property Sub Type: Single Family Residence,Residential
  • Prop. Type: Residential
  • Horses: No
  • Lot Size Acres: 1.36
  • Lot Size: 1.36
  • Road Surface Type: Paved
  • Subdivision Name: Cherokee Heights
  • Directions: From Murphy, take 64 West to a Right on 294. Left on Teakwood across from Hiwassee Dam School. Follow for 1/2 mile to home on right - see sign.
  • Architectural Style: Chalet
  • Unit Levels: One and One Half
  • Year Built: 2006
  • Special Features: None

Interior Features

  • Appliances: Electric Water Heater, Microwave, Washer, Dishwasher, Range, Refrigerator, Other, Dryer
  • Has Basement: Full, Walk-Out Access, Finished
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Fireplace Features: Gas Log, Great Room
  • Fireplace: Yes
  • Flooring: Hardwood, Laminate
  • Interior Amenities: Walk-In Closet(s), Master Downstairs, Vaulted Ceiling(s), Drywall, Wood Ceiling(s), Ceiling Fan(s)
  • Living Area: 2423
  • Window Features: Double Pane Windows

Exterior Features

  • Lot Features: Wooded, Level/Rolling Land
  • View: Good View
  • View: Yes
  • Waterfront Features: Pond
  • Construction Type: Frame, Wood Siding
  • Foundation Details: Other
  • Patio And Porch Features: Deck/Patio, Porch
  • Property Condition: Excellent
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: No Garage, No Carport, Gravel

Utilities

  • Laundry Features: Washer/Dryer Connection
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Electric, Central
  • Heating Yn: Yes
  • Sewer: Septic Tank
  • Water Source: Shared Well

Condo/Co-op/Association

  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association: Yes

Schools

  • Junior High Dist: Hiwassee Dam

Lot Info

  • Lot Size Sq Ft: 59241.6
  • Parcel #: 454300151565000
  • Zoning Description: None
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 1330.06
  • Tax Lot: 9
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2019
Closed on
Nov 4, 2019
Sold by
Chesto Daniel and Chesto Grace
Bought by
Gerni Dwayne F and Gerni Mar A
Seller's Agent
Poltrock Team
ReMax Mountain Properties
Buyer's Agent
Michelle Spies
Carolina Mountain Homes
List Price
$289,800
Sold Price
$285,000
Premium/Discount to List
-$4,800
-1.66%
Current Estimated Value
$525,998

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,998
Avg. Annual Appreciation
11.12%
Original Mortgage
$196,000
Outstanding Balance
$173,174
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$352,824

Purchase Details

Closed on
Mar 14, 2007
Sold by
Mdo Homes Inc
Bought by
Chesto Daniel and Chesto Grace

Purchase Details

Closed on
Aug 17, 2006
Sold by
Cm Land Company Llc
Bought by
Mdo Homes Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,287
Interest Rate
6.71%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Gerni Dwayne F $285,000 None Available
Chesto Daniel $229,000 --
Mdo Homes Inc $62,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerni Dwayne F $196,000
Previous Owner Mdo Homes Inc $148,287
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2019 11/07/19 Sold $285,000 -1.7% $118 / Sq Ft
10/09/2019 10/09/19 Pending -- -- --
08/28/2019 08/28/19 For Sale $289,800 -- $120 / Sq Ft
Source: Mountain Lakes 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
2024 $1,985 $283,430 $0 $0
2023 -- $283,430 $0 $0
2022 $0 $283,430 $0 $0
2021 $1,398 $234,630 $25,000 $209,630
2020 $1,304 $234,630 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2019

    Poltrock Team

    RE/MAX

    (828) 557-7965

    611 in this area

    794 Total Sales

    Poltrock Team
    Section Image

  • M

    Buyer's Agent in 2019

    Michelle Spies

    Carolina Mountain Homes

    (828) 342-2947

    238 in this area

    288 Total Sales

    Michelle Spies
    Section Image
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Map

Source: Mountain Lakes Board of REALTORS®

MLS Number: 132646

APN: 454300054308000

North Carolina Cherokee County Murphy 28906

470 Teakwood Trail, Murphy, NC

This home is located at 470 Teakwood Trail, Murphy, NC 28906 since 28 August 2019 and is currently estimated at $525,998, approximately $217 per square foot. This property was built in 2006. 470 Teakwood Trail is a home located in Cherokee County with nearby schools including Hiwassee Dam Elementary/Middle School and Hiwassee Dam High School.

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