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Cherokee 28906
28 Swallow Lane
$314,900
● House - Off Market

28 Swallow Lane

Murphy, NC 28906
bedrooms
2 Beds
bathrooms
2 Baths
$313,729
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Come see this charming cabin in Martins Creek! This private wooded home offers an open floor plan that is perfect for full time living or your home away from home. Vaulted ceilings that enhance the openness of the kitchen, living room and dining area! Double sliding doors that step out to your large screened in porch allowing you to enjoy the beauty and peacefulness of the wooded surroundings. One level living is a plus, with all bed rooms and baths on the same floor. There is a partially finished basement as well, with outside access. It is a wonderful space for a potential office/craft-room/man cave with tons of storage! Paved driveway with easy access and plenty of parking. Don't miss out on this great home in a very desirable area!
Unit Size
-
Days on Market
28 days
Land Size
1.50 acres
Price per sqft
-
Property Type
House
Property Taxes
$71
HOA Dues
$13
Year Built
1996

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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 #10199925)

Price History

Date / Event Date Event Price
Oct 4, 2023 Sold
Premium
Sold
Sep 6, 2023 Listed by Coldwell Banker High Country $314,900
Listed by Coldwell Banker High Country
Jun 5, 2014 Sold
Premium
Sold

Property Highlights

Parking Available
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1996
  • Effective Year Built: 1996
  • 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: 18
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 9
  • Basement Area: 260
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 4
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 49,223
  • Lot Size Depth Feet: 1,420
  • Lot Size Frontage Feet: 2,850
  • Total Building Area: 1,140
  • Gross Building Area: 1,807
  • Building Area: 1,140
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 1,140
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARY KING MOUNTAIN SECTION B
  • Land Acres: 0000001130
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LOT 5 HOLLY CREEK P/O TR 16-C & 16-D MARY KING MTN

Neighborhood

  • School District Name: Cherokee County Schools
  • Census Tract: 930502

Geography

  • Account Number: 39717
  • Section: B849
  • Subdivision Tract Number: 16
  • Parcel: 458003214809000
  • Lot: 5
  • Municipality: MARY KING MTN
  • Latitude: 35.0226
  • Longitude: -84.0712

    Address

  • Full Address: 28 Swallow Ln
  • Address - House Number: 28
  • Address - Street Name: Swallow
  • Address - Suffix Type: Ln
  • State: NC
  • City Name: Murphy
  • Carrier Code: R013
  • 4-Digit Zip Code: 2335
  • Zip Code: 28906

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $83,318

    Appraisal Valuation

  • Standard Deviation: 0.4889
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 2
  • Final Value: 262,345
  • High Value: 390,619
  • Low Value: 134,070

    Market Valuation

  • Market Total Value: $117,730
  • Market Land Value: $11,000
  • Market Improvement Value: $106,730

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $117,730

    Sales

  • Current Sale Contract Date: Oct 04, 2023
  • Current Sale Recording Date: Oct 04, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 4944
  • Previous Sale Recording Date: Jun 05, 2014
  • Previous Sale Contract Date: May 06, 2014
  • Previous Sale Amount: $123,000
  • 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

Click here to view more rentals in the neighborhood.
GAMLS

Listed by: Kellie Coulter, Coldwell Banker High Country
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10199925
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 28 Swallow Lane built and last sold?
The property at 28 Swallow Lane was built in 1996 and last sold on Oct 4, 2023 for $315,000.
How much is this home worth?
The estimated value of the home located at 28 Swallow Lane is $0.
What are some comparable homes to 28 Swallow Lane?
There are currently no comparable homes to 28 Swallow Lane.
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