$392,000
●
House -
Off Market
20 Locust Pointe Trail #1A1B
Murphy, NC 28906
2 Beds
3 Baths
2,112 Ft²
$398,809
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model
About This Property
Murphy NC - Nestled in a Wooded Setting in Deerwood Mountain
Estates, This Home offers mountain cabin style living boasting a
stunning natural setting & long-range mtn views. Whether you're
seeking a family retreat or an investment opportunity as a vacation
rental. This property is priced to Sell. 2Bed/3Bath Log Sided
Mountain Chalet Style FULLY FURNISHED Home is presently used as a
Part Time / Vacation Rental. Home has Metal Roof w/Covered Back &
Side Porches, All Wood Interior, Main Floor has Open Great Room
w/Cathedral Ceilings & Stone Gas Log Fireplace, Bedroom, Bathroom,
Laundry, Kitchen w/ Custom Pine Cabinetry & Granite Counters, Large
Loft w/Glass Door Entry w/Master Suite. Daylight Basement w/Large
Family-Game Room & Bonus Rm being used as 3rd Bedroom. High Speed
Internet & MORE!
Unit Size
2,112 Ft²
Days on Market
53 days
Land Size
1.30 acres
Price per sqft
$189
Property Type
House
Property Taxes
$124
HOA Dues
$50
Year Built
2013
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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 #10163617)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 17, 2023 | Sold | ||
| Sold | |||
| May 22, 2023 | Listed by EXIT Realty Mountain View Properties | $399,900 | |
| Listed by EXIT Realty Mountain View Properties | |||
Property Highlights
Air Conditioning
Fireplace
Parking Details
Parking Features: None
Interior Details
Full Bathrooms: 3
Interior Features: Other, Master On Main Level
Appliances: Dryer, Washer, Dishwasher, Microwave, Other, Refrigerator
Flooring Type: Other
Laundry Features: Other
Has Fireplace
Fireplace Features: Gas Log
Fireplaces: 1
Basement: Finished, Full
Exterior Details
Square Footage: 2112
Square Footage Source: $0
Property Condition: Resale
Architectural Style: Other, Country/Rustic
Year Built: 2013
Levels: One and One Half
Construction Materials: Other, Wood Siding
Patio and Porch Features: Deck, Porch
Lot Features: Level, Private
Lot Size Area: 56628
Lot Size Units: Square Feet
Lot Size Acres: 1.3
Lot Size Square Feet: 56628
Water Source: Shared Well
Financial Details
Tax Annual Amount: $1,493
Utilities Details
Cooling Type: Electric, Ceiling Fan(s), Central Air, Heat Pump, Other
Heating Type: Electric, Central, Heat Pump, Other
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: Water, Private Roads
HOA Fee: $600
HOA Fee Frequency: Annually
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
05/26/2023
| |
2 Bed
|
3 Bath
|
-
|
$399,900
2 Bed
3 Bath
|
-
-
|
Kathlene Vetten
Exit Realty Mountain View Properties
|
|
05/22/2023
|
2 Bed
|
3 Bath
|
2112 ft²
|
$399,900
2 Bed
3 Bath
2112 ft²
|
$392,000
-1.98%
07/17/2023
|
Kathlene Vetten
Exit Realty Mountain View Properties
|
Building Info
About Cherokee
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Kathlene Vetten, EXIT Realty Mountain View Properties
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10163617
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10163617
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The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
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.
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