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21 Cherry Mill Lane

Murphy, NC 28906

$161,000

$135 per Sq.Ft.

  • Active
  • 2 beds
  • 2 baths
  • 1196 Sq. Ft.
  • Residential
  • Built in 1987
  • MLS #100556375
2 beds
2 baths
1196 Sq. Ft.
Residential
Built in 1987
MLS #100556375
Tucked into the trees in the Murphy mountains, 21 Cherry Mill Ln is a 1,196± SF cabin on 0.63± acre with big upside for the buyer who wants a value-add project in a peaceful setting. The home is livable as-is, but it's ready for renovation--perfect for an investor, second-home vision, or full-time mountain retreat. Enjoy outdoor living on the spacious deck, plus classic cabin character and a setting that feels private and quiet. Property essentials include electric, a shared well, and a septic system, plus the benefit of a low-cost community with an HOA of $365/year. Murphy is the charming Cherokee County seat, set where the Hiwassee and Valley Rivers meet, with deep Appalachian heritage and a welcoming downtown. Nearby, one of the area's biggest draws is Harrah's Cherokee Valley River Casino & Hotel, offering gaming, dining, and entertainment just a short drive away. Short-term rental potential: Buyer to verify STR eligibility. The home may be a strong candidate for a vacation/short-term rental (Airbnb/VRBO-style), subject to HOA/CCR restrictions and any county/town rules, permits, or registration requirements. In Cherokee County, rentals for periods of less than 90 days require hosts to collect and remit a 4 occupancy tax (in addition to NC sales tax) and file reports. Bring your contractor and creativity--this is a great chance to refresh a mountain cabin setting and build equity in a location that blends quiet surroundings with year-round amenities. Buyer must close with sellers attorney.


Interior Features

Total bedrooms
2 bedrooms
Full bathrooms
2 full bathrooms
Half bathrooms
0 half bathrooms
Kitchen appliances
Interior features
High ceilings, pantry
Flooring
Lvt/lvp, carpet
Cooling
Central air
Heating
Other


Exterior Features

Lot size
0.63 acres
Water front
No
Fencing
None
Exterior features
Wood siding
Roof
Shingle


HOA Information

HOA
No
HOA fees
$365.00


Utilities

Utilities
Water available, see remarks


Schools

Elementary school
Other
Middle school
Martins Creek Middle
High school
Murphy High School


Other Information

Tax assessed value
$110,110.00
Tax amount
$855.77
Tax year
2025
Zoning
Residential


Listing provided courtesy of: Coldwell Banker Preferred Properties. All information is deemed reliable but not guaranteed and should be independently verified. Moment Realty shall not be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon this data.

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