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992 Valley River Avenue - A Piece of Murphy, NC History with Endless Potential Originally built in 1912, this Character filled fixer upper home is ready for its next chapter. Offering 3 bedrooms, 1.5 bathrooms, and a fully renovated kitchen with new appliances, this property provides the perfect foundation for your vision while still leaving plenty of opportunity to add your own finishing touches. Whether you're looking for your next fix-and-flip project, a long-term rental investment, or a unique primary or vacation home, the possibilities here are endless. With its layout and ample space, the home may even lend itself to conversion into a duplex, creating additional income potential. Situated on a flat corner lot within the city limits, this property enjoys a prime location in the heart of Murphy while maintaining a sense of privacy away from the main thoroughfare. You'll be just minutes from downtown Murphy, local parks, shopping, dining, pickleball courts, and Harrah's Cherokee Valley River Casino & Hotel. Rich with character and packed with potential, this is the perfect opportunity for buyers with creativity and vision. If you've been searching for a property where you can build equity and create something special, this is the one. Bring your ideas, make it shine, and schedule your showing today!

Highlights

  • Residential
  • Single Family Residence
  • Built in 1912
  • 0.32 Acre Lot
  • 150 days on Market

  • Bedrooms
    3
  • Bathrooms
    1 full · 1 half
  • Year Built
    1912
  • Stories
    2.0
  • Construction Materials
    Wood Siding
  • Parking Features
    Gravel, No Garage
  • Living Area
    1514.0
  • Interior Features
    Ceiling Fan(s)
  • Appliances
    Dishwasher, Electric Water Heater, Microwave, Refrigerator, Range
  • Flooring
    Wood
  • Patio And Porch
    Porch
  • Cooling
    Wall/Window Unit(s)
  • Heating
    Wall Furnace, Propane, Fireplace Insert
  • Basement
    Crawl Space, None

  • Acres
    0.32
  • Lot Features
    Level, Corner Lot
  • Utilities
    Cable Available
  • Water
    Public

  • County
    Cherokee
  • City
    Murphy
  • Neighborhood
    Not In Subdivision
  • Zip Code
    28906
  • High School
    Murphy High School
  • Middle School
    Murphy Middle
  • Elementary School
    Murphy

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Frequently Asked Questions

How do I schedule a tour of 992 Valley River Ave?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 992 Valley River Ave.

They know residentials in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 992 Valley River Ave?

Click Ask a Question to talk with our team. You already know it is a 3 bed, 1 bath, listed for $189,700. We can talk through recent upgrades, potential seller motivation, how this single family residence compares to others in Murphy, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 992 Valley River Ave?

With a 20% down payment and a 30-year fixed loan at an illustrative 6.75% rate, the ez Mortgage Calculator estimates the monthly payment for 992 Valley River Ave at around $1,108. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 992 Valley River Ave?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in Cherokee County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 992 Valley River Ave?

In most cases, yes. Whether 992 Valley River Ave is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Murphy's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 992 Valley River Ave?

We can handle that for you. Our preferred local agent specializes in residentials in Murphy and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

What is the price per square foot for this home?

This home is listed at $189,700 with 1,514 sqft of space—that comes out to approximately $125 per square foot.

How long has this property been on the market?

992 Valley River Ave was listed on June 08, 2026, which means it's been on the market for 150 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

When was this house built?

This home was built in 1912, making it approximately 114 years old.

What is the lot size of this property?

992 Valley River Ave sits on a 0.32-acre lot, which is 13,939 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Murphy
  • Middle: Murphy Middle
  • High: Murphy High School

Want to see how these schools compare? Check out our Cherokee County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 992 Valley River Ave?

The most recent public record shows annual property taxes for 992 Valley River Ave were approximately $951. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 992 Valley River Ave still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Hive MLS. All rights reserved.

Last Updated: November 05, 2026 at 06:13PM | Source: Hive MLS | MLS#: 100579977