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Cherokee 28906
145 Houston Way
$370,000
● House - Off Market

145 Houston Way

Murphy, NC 28906
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,968 Ft²
$382,572
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Nestled among the trees, this woodland beauty charms as soon as you lay eyes on it. Level, spacious parking. Huge oversized garage with 2 bonus rooms for tools and a work shop. Stay out of the weather as you walk up to your wrap around covered porch. Inside, the gleaming granite countertops sparkle. Classic chalet great room with a stone gas log fireplace. Main level bedroom has spacious walk in closet. Upstairs, the tv/bonus room is great for relaxing or would make a great office. The bathroom has a beautiful step in tile shower. French doors lead to your massive master bedroom. Walk in closet runs the entire length of the bedroom! Crawlspace has an additional deck area and the backyard is level and is begging for a firepit! Comfortable, elegant, and ready to be called your new home!
Unit Size
1,968 Ft²
Days on Market
89 days
Land Size
1.13 acres
Price per sqft
$195
Property Type
House
Property Taxes
-
HOA Dues
$25
Year Built
1998

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 9 months ago (GAMLS #10188348)

Price History

Date / Event Date Event Price
Oct 31, 2023 Sold
Premium
Sold
Aug 3, 2023 Listed by RE/MAX Town & Country $384,000
Listed by RE/MAX Town & Country
Oct 20, 2016 Sold
Premium
Sold
Oct 1, 2000 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1998
  • Effective Year Built: 1998
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 9
  • Roof Cover Type: 5
  • Floor Count: 150
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 576
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,223
  • Lot Size Depth Feet: 2,000
  • Lot Size Frontage Feet: 930
  • Total Building Area: 1,968
  • Gross Building Area: 3,760
  • Building Area: 1,968
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 1,968
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SANDY GAP RETREAT CONTAINING 1
  • Land Acres: 0000001130
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LOT 8 SANDY GAP RETREAT 913/71

Neighborhood

  • School District Name: Cherokee County Schools
  • Census Tract: 930603

Geography

  • Account Number: 44568
  • Parcel: 456100055748000
  • Lot: 8
  • Municipality: SANDY GAP PANTHER MTN
  • Latitude: 35.0576
  • Longitude: -84.1464

    Address

  • Full Address: 145 Houston Way
  • Address - House Number: 145
  • Address - Street Name: Houston
  • Address - Suffix Type: Way
  • State: NC
  • City Name: Murphy
  • Carrier Code: R009
  • 4-Digit Zip Code: 4717
  • Zip Code: 28906

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $119,828

    Appraisal Valuation

  • Standard Deviation: 0.1016
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 90
  • Final Value: 374,226
  • High Value: 412,263
  • Low Value: 336,189

    Market Valuation

  • Market Total Value: $215,970
  • Market Land Value: $12,000
  • Market Improvement Value: $203,970

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $215,970

    Sales

  • Current Sale Contract Date: Oct 02, 2023
  • Current Sale Recording Date: Oct 31, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 5539
  • Previous Sale Recording Date: Oct 20, 2016
  • Previous Sale Contract Date: Sep 15, 2016
  • Previous Sale Amount: $172,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Cherokee

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$253

Below Asking

0.03%

Average Days on Market

93

Average Home Size

1298 ft²

Average Home Age

26.6 years

Currently For Sale

54 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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GAMLS

Listed by: Autumn Ritz, RE/MAX Town & Country
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10188348
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of GAMLS. All real estate listings are marked with the GAMLS Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.
Copyright 2026 GAMLS. All rights reserved.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 145 Houston Way built and last sold?
The property at 145 Houston Way was built in 1998 and last sold on Oct 2, 2023 for $370,000.
How much is this home worth?
The estimated value of the home located at 145 Houston Way is $403,899.
What are some comparable homes to 145 Houston Way?
There are currently no comparable homes to 145 Houston Way.
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