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Cherokee 28906
486 Cook Bridge Road
$142,000
● House - Off Market

486 Cook Bridge Road

Murphy, NC 28906
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,440 Ft²
$788
Est. Monthly
16.40%
Cap Rate

About This Property

Small home with 2 bedrooms and 1 bath on main level. Basement is finished with added living area, bedroom and full bath. Home has a level lot. Nice deck for enjoying the area. Home is easy location to Murphy, NC and Blue Ridge, GA. Paved road access.
Unit Size
1,440 Ft²
Days on Market
192 days
Land Size
0.90 acres
Price per sqft
$104
Property Type
House
Property Taxes
$51
HOA Dues
-
Year Built
1984

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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 #10242269)

Price History

Date / Event Date Event Price
Jul 26, 2024 Sold
Premium
Sold
Jan 16, 2024 Listed by Mountain Aire Realty $149,900
Listed by Mountain Aire Realty
Nov 9, 2022 Sold
Premium
Sold
Feb 17, 2022 Sold
Premium
Sold
Dec 24, 2021 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1994
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 4
  • Building Quality: 7
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 6
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 16
  • Basement Type: 9
  • Basement Area: 720
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 39,204
  • Lot Size Frontage Feet: 1,840
  • Total Building Area: 720
  • Gross Building Area: 1,576
  • Building Area: 720
  • Building Area Measurement: E

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 8
  • Heated Square Feet: 720
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: NOTLA LANE SUB
  • Land Acres: 0000000900
  • Standard Land Use Code: 1001
  • County Land Use Code: 01
  • Legal Description 1: LOT 1 NOTLA LANE SUB 1704/580

Neighborhood

  • School District Name: Cherokee County Schools
  • Census Tract: 930604

Geography

  • Account Number: 47384
  • Parcel: 457017015178000
  • Lot: 1
  • Municipality: SNOW HILL AC NOTLA LN PIPING R
  • Latitude: 35.0189
  • Longitude: -84.1106

    Address

  • Full Address: 486 Cook Bridge Rd
  • Address - House Number: 486
  • Address - Street Name: Cook Bridge
  • Address - Suffix Type: Rd
  • State: NC
  • City Name: Murphy
  • Carrier Code: R007
  • 4-Digit Zip Code: 8830
  • Zip Code: 28906

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $54,785

    Appraisal Valuation

  • Standard Deviation: 0.101
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 90
  • Final Value: 158,260
  • High Value: 174,249
  • Low Value: 142,271

    Market Valuation

  • Market Total Value: $82,280
  • Market Land Value: $5,000
  • Market Improvement Value: $77,280

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $82,280

    Sales

  • Current Sale Contract Date: Nov 09, 2022
  • Current Sale Recording Date: Nov 09, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 69
  • Current Sale Input Document Number: 7173
  • Previous Sale Recording Date: Feb 17, 2022
  • Previous Sale Contract Date: Jan 24, 2022
  • Previous Sale Amount: $152,000
  • 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

$282

Below Asking

0.03%

Average Days on Market

92

Average Home Size

1294 ft²

Average Home Age

26.3 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: Donna Mousa, Mountain Aire Realty
Last Updated: 9 months ago
Data Source: GAMLS, MLS# 10242269
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 486 Cook Bridge Road built and last sold?
The property at 486 Cook Bridge Road was built in 1984 and last sold on Nov 9, 2022 for $115,500.
How much is this home worth?
The estimated value of the home located at 486 Cook Bridge Road is $0.
What are some comparable homes to 486 Cook Bridge Road?
There are currently no comparable homes to 486 Cook Bridge Road.
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