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DETAILS
Type: Single Family
Bedrooms / Baths: 2 bed / 2 bath
Living Area: 864 sq ft
Year Built: 2000
Lot Size: 0.47 acres / 20,473 sq ft
Utilities: Well & Septic
Occupancy at Closing: Vacant
Closing Date: 10/13/26
Closing Attorney: 24 Hour Closing
Asking Price: $45,000
Tax value is $85,080 with annual taxes of $681 (Parcel ID 454002579307000). Electric through BlueBridge Electric; no gas service. Roof is from 2011 to 2012. Property currently has no HVAC system. Mortgage is paid off; the only outstanding item is property taxes. Sold as-is.
COMPARABLE SALES
| Address | Home Size | $/sqft | Price | Status | Beds |
|---|---|---|---|---|---|
| 746 High Ridge Rd | 676 sq ft | $303 | $205,000 | Sold | 2 |
| 785 Piper Dr | 432 sq ft | $451 | $195,000 | Sold | 1 |
| 361 Tall Timber Rd | 660 sq ft | $258 | $170,000 | Pending | 1 |
| 33 Hamlet Cir | 864 sq ft | $288 | $249,000 | Active | 2 |
| ⭐ 61 Manny Ln (SUBJECT) | 864 sq ft | $52 | $45,000 | Asking | 2 |
Comp Average (Sold/Pending): ~$190,000 (~$337/sq ft)
Our Price: $45,000 ($52/sq ft)
Spread: ~$145,000
OVERVIEW
This 2 bed / 2 bath Murphy home is priced at $45,000, a ~$145,000 spread to the $190,000 comp average. At $52/sq ft it sits far below every comp in the area, including 33 Hamlet Cir, an exact 864 sq ft size match listed at $249,000. Murphy is the Cherokee County seat, with Hiwassee Lake, a walkable historic downtown, Harrah’s Cherokee Valley River Casino, and quick access to US-64 and US-74 toward Blue Ridge, GA. The home needs an HVAC system, but with a 2000 build, a near half-acre lot, and vacant possession at closing, it works as a flip or a strong rental hold.
Comp Avg (Sold/Pending): ~$190,000 | For Sale Avg: ~$241,000 (size-adjusted)
Rent Avg: ~$1,600/mo | Gross Yield at Asking: ~42.7%
DISCLAIMER — Please Read Before Submitting an Offer
Assignment of Contract
This is an assignment of contract. A legally binding purchase agreement with a memorandum has been executed with the Seller, granting this company exclusive rights to purchase the property. We are not brokers or realtors and are not representing ourselves as such. We do not represent the owner.
Do not contact the Seller directly. Any attempt to contact the owner, interfere with, or circumvent our active contract will result in legal action. This property is not to be re-marketed under any circumstances without our explicit written consent and the execution of a joint venture agreement.
Due Diligence
Buyers are responsible for performing their own due diligence. We are not licensed agents. Please consult appropriate legal or professional counsel before submitting an offer.
Offer & Deposit Terms
A minimum $5,000 non-refundable deposit is required within 24 hours of signing to secure the deal. Closing will occur as quickly as possible, but no longer than 30 calendar days. Buyer pays all closing costs — closing costs are NOT included in the asking price. Taxes will be prorated and split between parties. $495 transaction fee payable to Bright Home Offer LLC. Closing will be conducted with our closing attorney.
As-Is Terms
This property is offered as-is, where-is, with no warranties. By submitting an offer, you are accepting these terms.
No repairs or improvements will be made prior to closing. No clean-out or clean-up of any kind will be completed. Property will not be broom clean at closing.
Realtors & Wholesalers
If you are working with a client and wish to receive a commission or fee, please note that the wholesale price does not include your compensation. You may either negotiate your commission/fee directly with your client, separate from the wholesale price, or adjust the wholesale price upward to include your fee. If you’d like to be compensated by us at or outside of closing, please reach out or include those terms in your offer.