$298,950
●
House -
Off Market
258 Ashley Lane #7
Murphy, NC 28906
2 Beds
2 Baths
2,128 Ft²
$1,714
Est. Monthly
$47
HOA / Fees
4.72%
Cap Rate
About This Property
Fantastic long range mountain views from this spacious, raised
ranch home. Large covered deck, overlooking private wooded lot,
with ample parking and close to downtown Murphy and the Hiwassee
River. Primary bedroom on main. Finished lower level with
recreation room, wet bar, secondary bedroom, and bonus room. Would
make an excellent full-time or second getaway home. Comes move-in
ready and fully furnished!
Unit Size
2,128 Ft²
Days on Market
123 days
Land Size
0.50 acres
Price per sqft
$150
Property Type
House
Property Taxes
$96
HOA Dues
$47
Year Built
1986
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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 #10245782)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 28, 2024 | Sold | ||
| Sold | |||
| Oct 11, 2023 | Listed by EXIT Realty Mountain View Properties | $319,900 | |
| Listed by EXIT Realty Mountain View Properties | |||
Property Highlights
Air Conditioning
Parking Details
Parking Features: None
Interior Details
Full Bathrooms: 2
Interior Features: Master On Main Level
Appliances: Dryer, Microwave, Refrigerator, Washer, Oven/Range (Combo)
Flooring Type: Carpet, Vinyl
Laundry Features: In Basement
Fireplace Features: Wood Burning Stove
Basement: Finished, Full
Exterior Details
Square Footage: 2128
Square Footage Source: $0
Property Condition: Resale
Architectural Style: Other, Ranch
Year Built: 1986
Levels: Two
Construction Materials: Wood Siding
Patio and Porch Features: Deck, Porch
Lot Features: Steep Slope
Lot Size Area: 21780
Lot Size Units: Square Feet
Lot Size Acres: 0.5
Lot Size Square Feet: 21780
Water Source: Shared Well
Financial Details
Tax Annual Amount: $1,149
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air, Electric
Heating Type: Central
Sewer : Septic Tank
Location Details
HOA/Condo/Coop Fee Includes: Water, Private Roads
HOA Fee: $560
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 |
|---|---|---|---|---|---|---|---|
|
01/27/2024
| |
2 Bed
|
2 Bath
|
-
|
$319,900
2 Bed
2 Bath
|
-
-
|
Kathlene Vetten
Exit Realty Mountain View Properties
|
|
10/11/2023
|
2 Bed
|
2 Bath
|
2128 ft²
|
$319,900
2 Bed
2 Bath
2128 ft²
|
$298,950
-6.55%
05/28/2024
|
Kathlene Vetten
Exit Realty Mountain View Properties
|
Building Info
About Cherokee
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Listed by: Kathlene Vetten, EXIT Realty Mountain View Properties
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10245782
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10245782
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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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