NOT LISTED FOR SALE

7 Terrace Ave Murphy, NC 28906

Estimated Value: $263,725 - $384,000

3 Beds
2 Baths
2,218 Sq Ft
$139/Sq Ft Est. Value

Last Sold October 07, 2021

Last sale price $184,000 $83 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $1,699/month

45 Days on Market

Highlights

  • Traditional Architecture
  • Main Floor Primary Bedroom
  • Central Heating and Cooling System
  • Wood Flooring
  • No HOA
  • Ceiling Fan

About This Home

As of October 2021

Located in downtown Murphy, this 3 bedroom home would make a great family home, office/rental office space for an attorney, real estate, insurance, lender, etc. Conveniently located to shops, restaurants, grocery stores and more. This home offers many possibilities!!

Last Agent to Sell the Property

Jane Goebel

Carolina Mountain Homes Brokerage Phone: 8288377322 License #218867 Listed on: 07/02/2021

Last Buyer's Agent

Cindy Ryals

BHGRE Metro Brokers - Blue Ridge

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1879

Lot Details

  • 0.28 Acre Lot
  • Level Lot

Home Design

  • Traditional Architecture
  • Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • Sheet Rock Walls or Ceilings
  • Ceiling Fan
  • Crawl Space

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Driveway
  • Open Parking

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 459215539856000

Home Details

Home Type

Single Family

Year Built

Built in 1879

Lot Details

0

Listing Details

  • Prop. Type: Residential
  • Year Built: 1879
  • Property Sub Type: Residential
  • Road Frontage Type: Road
  • Lot Size Acres: 0.28
  • Road Surface Type: Paved
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Special Features: None

Interior Features

  • Appliances: Refrigerator, Range, Microwave, Dishwasher, Washer, Dryer
  • Has Basement: Crawl Space
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Fireplace: No
  • Flooring: Wood, Carpet, Vinyl
  • Interior Amenities: Ceiling Fan(s), Sheetrock
  • Master Bedroom Master Bedroom Level: Main

Exterior Features

  • Roof: Metal
  • Topography: Level
  • View: No
  • Waterfront: No
  • Construction Type: Frame, Wood Siding
  • Patio And Porch Features: Front Porch
  • Property Condition: Resale

Garage/Parking

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

Utilities

  • Cooling: Central Air, Electric
  • Heating: Central, Natural Gas
  • Sewer: Public Sewer
  • Laundry Features: Main Level
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Cherokee County

Lot Info

  • Lot Size Sq Ft: 12196.8
  • Parcel #: 459215539856000
  • ResoLotSizeUnits: SquareFeet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2021
Closed on
Sep 9, 2021
Sold by
Bee Gone Termite & Pest Control Llc
Bought by
Townsend Harold
Seller's Agent
Jane Goebel
Carolina Mountain Homes
Buyer's Agent
Cindy Ryals
BHGRE Metro Brokers - Blue Ridge
List Price
$184,000
Sold Price
$184,000
Current Estimated Value
$307,931

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,931
Avg. Annual Appreciation
12.51%
Original Mortgage
$178,480
Outstanding Balance
$162,049
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$145,882

Purchase Details

Listed on
Oct 23, 2020
Closed on
Mar 12, 2021
Sold by
Mcmahon Patrick and Gastesi Pamela L
Bought by
Bee Gone Termite & Pest Control Llc
Seller's Agent
Dale Creason
Creekside Realty
Buyer's Agent
Dale Creason
Creekside Realty
List Price
$199,900
Sold Price
$165,000
Premium/Discount to List
-$34,900
-17.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.49%
Original Mortgage
$125,000
Interest Rate
2.7%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Apr 29, 2015
Sold by
Jpmorgan Chase Bank Na
Bought by
Mcmahon Patrick and Gastesi Pamela L

Purchase Details

Closed on
Jun 25, 2014
Sold by
Williamson William R and Williamson Tiabitha L
Bought by
Jpmorgan Chae Bank Na

Purchase Details

Closed on
Nov 1, 2010
Bought by
Williamson William R and Williamson Tabitha L

Purchase Details

Closed on
Aug 4, 2006
Sold by
Scheerer David M and Scheerer Donna K
Bought by
Griffin Richard P and Griffin Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,400
Interest Rate
6.71%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Dec 9, 2005
Sold by
Scheerer Ardath
Bought by
Scheerer David and Scheerer Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$158,100
Interest Rate
7.8%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Townsend Harold $184,000 None Available
Bee Gone Termite & Pest Control Llc $125,000 None Available
Bee Gone Termite & Pest Control Llc -- None Listed On Document
Mcmahon Patrick $62,500 None Available
Jpmorgan Chae Bank Na $89,250 None Available
Williamson William R -- --
Griffin Richard P $252,000 --
Scheerer David -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Townsend Harold $178,480
Previous Owner Bee Gone Termite & Pest Control Llc $125,000
Previous Owner Griffin Richard P $50,400
Previous Owner Griffin Richard P $201,600
Previous Owner Scheerer David $158,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2021 10/07/21 Sold $184,000 0.0% $83 / Sq Ft
08/17/2021 08/17/21 Pending -- -- --
07/02/2021 07/02/21 For Sale $184,000 +11.5% $83 / Sq Ft
03/15/2021 03/15/21 Sold $165,000 -17.5% $74 / Sq Ft View Prior Sale
02/17/2021 02/17/21 Pending -- -- --
10/27/2020 10/27/20 For Sale $199,900 -- $90 / Sq Ft
Source: Northeast Georgia Board of REALTORS®

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 $1,196 $182,100 $0 $0
2024 $1,196 $182,100 $0 $0
2023 $1,186 $182,100 $0 $0
2022 $1,186 $182,100 $0 $0
2021 $0 $124,150 $26,520 $97,630
2020 $646 $124,150 $0 $0
2019 $709 $121,950 $0 $0
2018 $819 $143,030 $0 $0
2017 $819 $143,030 $0 $0
2016 $819 $143,030 $0 $0
2015 $1,394 $253,670 $80,000 $173,670
2012 -- $253,670 $80,000 $173,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northeast Georgia Board of REALTORS®

MLS Number: 308422

Northeast Georgia Board of REALTORS®

APN: 4592-15-53-9856-000

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