78 Terrace Ave, Murphy, NC 28906 Property Records

Cherokee County property record for 78 Terrace Ave, Murphy, NC 28906

Property Summary

Property Type	Motel
Details	28,575 sqft · built 1982
Lot Size	1.4 acres (60,984 sqft)
Owner	Company Name on Record
Last Sale	$3,094,000 (Jun 2026)
Tax Bill	$7,348 (2025)
Deeds & Mortgages	Jun 2025 Line of Credit Jun 2026 Sale & Line of Credit + 1 more
Flood Zone	Zone X (minimal risk)
APN	`459215631650000`

Property Details

APN / Parcel Number

Primary APN	`459215631650000`
Alternative APNs	`62360` `5104`

Interior

Units	80 Units
Stories	2 Stories
Building Area	28,575 sqft Total Area
1st Floor Area	9,525 sqft
Upper Floors Area	9,525 sqft
Basement Area	9,525 sqft
Finished Basement	9,525 sqft
Flooring	Carpet
Interior Walls	Plaster
Fireplaces	1 Fireplace
Fireplace	Fireplace

Exterior

Year Built	Built 1982
Effective Year Built	Effective 1985
Exterior Material	Stucco
Construction Type	Masonry / Concrete Block
Roof Type	Wood Truss
Roof Material	Metal
Lot Area	60,984 sqft (1.4 acres)
Lot Dimensions	186 ft deep x 398 ft wide
Porch	Slab
Porch Area	3,555 sqft
Canopy	408 sqft

Utilities, Heating & Cooling

Cooling System	Wall Unit
Heating System	Heat Pump
Heating Fuel	Electric

Location & Zoning

Account Number	62360
Street Address	78 TERRACE AVE
City	MURPHY
State	NC
Zip	28906-3517
Property Category	Commercial
Property Type	Commercial > Retail > Motel
Local Zoning Code	HB
Legal Description	FR KONG 986/42 A/3C
Jurisdiction	CHEROKEE NC
Township / Civil Division	MURPHY
Census Block Group	2
Census Block	2060
Census Tract	930402

Owner

Source: Cherokee County records, as of June 22, 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on Record
Mailing Address	78 TERRACE AVE, MURPHY, NC 28906-3517
Owner Type	Company
Vesting	Limited Liability Partnership

Deeds, Mortgages & Sale History

Date	Document
Jun 18, 2025	Deed of Trust, Mortgage · Line of Credit REV FEDERAL CREDIT UNION
Jun 5, 2026	Special Warranty Deed, Transfer · Line of Credit RME FEDERAL CREDIT UNION
Mar 13, 2024	Deed, Transfer

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jun 5, 2026 · Amount on Record
Deed Sale	Jun 5, 2026 · Amount on Record
Prior Sale	Mar 13, 2024 · Amount on Record
Deed Document Number	20262793
Deed Book / Page	1802 / 1454
Record Updated	Sep 20, 2026

June 2025: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	CHEROKEE NC
Property Address	78 TERRACE AVE, MURPHY, NC 28906-3517
Transaction Type	Mortgage
Record Updated	Jun 22, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3349 WOLFFORK RD, RABUN GAP, GA 30568-2939

Mortgage

Document Number	001780/243
Date	Jun 18, 2025
Book Page	1780/243
Instrument	2805

Lender

Name	REV FEDERAL CREDIT UNION
Type	Credit Union
Address	200 MARYMEADE DR, SUMMERVILLE, SC 29483

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	60 Months
Due	Jun 17, 2030

June 2026: Special Warranty Deed, Transfer

Document Type	Special Warranty Deed
Jurisdiction	CHEROKEE NC
Recording Date	Jun 5, 2026
Property Address	78 TERRACE AVE, MURPHY, NC 28906-3517
Document Number	01802/1454
Book / Page	1802 / 1454
Instrument Date	Jun 5, 2026
Instrument	20262793
Transaction Type	Transfer
Record Updated	Jun 22, 2026
Title Company	NONE LISTED ON DOCUMENT

Transaction

Amount	Amount Recorded
Tax	$624,988.00
Amount Accuracy	Full Amount Stated
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Liability Partnership

Mortgage

Document Number	0000002794,
Date	Jun 5, 2026
Book Page	1802/1458
Instrument	20262794

Lender

Name	RME FEDERAL CREDIT UNION

Agreement

Type	Line of Credit
Amount	Amount Recorded
Term	60 Months
Due	Jun 5, 2031

Interest

Rate	6.23%
Max Rate	-1%

March 2024: Deed, Transfer

Document Type	Deed
Jurisdiction	CHEROKEE NC
Recording Date	Mar 13, 2024
Property Address	78 TERRACE AVE, MURPHY, NC 28906-3517
Document Number	01752/1089
Book / Page	1752 / 1089
Map Reference	MB 487
Instrument Date	Mar 7, 2024
Instrument	1135
Transaction Type	Transfer
Record Updated	Oct 10, 2025

Transaction

Amount	Amount Recorded
Tax	$2,400.00
Amount Accuracy	Rounded by County
Additional	Arm's Length

Transferred From (Grantor/Seller)

Name	Verified Name
Address	NEWBURY PARK, CA 91320

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	3349 WOLFFORK RD, RABUN GAP, GA 30568-2939

Tax Assessment & Valuation

Source: Cherokee County assessment roll, as of October 10, 2025

Property Jurisdictions

Type	Name
State	North Carolina
County	Cherokee County
Municipality	Murphy Town
Unified School District	Cherokee County Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$7,348.00	$1,204,690 (+33.34%)	$1,204,690 (+33.34%) Land $560,000 Building $644,690
2023		$903,480	$903,480 Land $560,000 Building $343,480

Assessed value is set for property tax purposes, not a market price estimate; it is a fraction of this property's market value.

Flood

Source: FEMA National Flood Hazard Layer, effective February 5, 2020 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	1 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Moderate above 40% of the US · above 58% of North Carolina
Wildfire Likelihood	0.06% annual chance
Exposure	Indirect within ember reach
Adjoins Burnable Land	Yes

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	TOWN OF MURPHY serves 4,498 people · EPA ID NC0120010
Water Source	Surface water
Last State Inspection	Jan 2026
Lead	Under 1 ppb (2023–2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	Lead service line inventory Oct 2024
Monitoring and Reporting	5 last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 126 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Verizon Fixed Wireless	300 / 20
Starlink Satellite	280 / 30
Frontier DSL	115 / 7
T-Mobile Fixed Wireless	100 / 20
RiverStreet Networks Fixed Wireless	25 / 3
AT&T Fixed Wireless	25 / 3

May also be available: Blue Ridge Mountain EMC, Peachtree Broadband Fiber.

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