About This Home

This 2-bedroom, 2-bathroom single family at 143 Cove Lane in Murphy, NC is listed for $99,800 ($122 per sqft). Built in 1979, the home offers 816 sqft of living space on a 2.90 acres lot.

Key Features

  • Built in 1979
  • 2.90 acre lot
  • Fireplace

Property Details

1 full, 1 half
1979

Amenities

Fireplace
Listing Description

Investor Alert & Contractor Special! Fixer-upper cabin on 2.90 UNRESTRICTED acres in Murphy, NC. Situated on unrestricted, private, heavily wooded acres, this property gives you the ability to camp on the land, add a couple extra structures, renovate or create a cabin retreat.

The property features easy access, close to the Ga. border and is approx. 15 minutes to downtown Murphy, grocery stores, local restaurants and Harrah's Cherokee Valley Casino. The existing cabin is a 2 bedroom, 1 and a half bath structure. Please note that a water pipe burst in Nov.

2025 and went undiscovered until Aug. 2026. Because of the extended timeline, significant mold and water damage are present and the home needs to be completely gutted. The property is being SOLD AS IS with absolutely no repairs made by seller. However, the home features a functional ramp for handicap access, chain link fencing, roof and gutters may still be salvageable.

Priced aggressively, under $100k, this is a prime opportunity for the right buyer--ideally a contractor, builder or experienced investor, who can tackle a total rehab project at their own convenience and build instant equity. IMPORTANT SHOWING INSTRUCTIONS: Due to the condition of the home, all agents and potential buyers MUST sign a HOLD HARMLESS form before being granted access to the property. Wearing a mask during your visit is strongly advised.

Monthly Cost Estimate

$534/mo

20% down · 6.5% · 30 years

Principal$72
Interest$432
Insurance$29

Estimates only. Actual payments may vary.

Location

143 Cove Lane

Murphy, NC 28906

OP Lance Properties

Features & Amenities

Exterior Features

Handicap AccessPrivate YardFenced

Property Details

Construction

Frame Block

Parking

Driveway

Questions & Answers

This 2-bedroom, 2-bathroom single family at 143 Cove Lane is listed at $99,800 ($122/sqft). The estimated monthly payment is $534 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1979, 2.90 acre lot, Fireplace. Exterior Features: Handicap Access, Private Yard, Fenced.

This property is listed by Dorothy Colestock and can be reached at 8288351112.

DC

Dorothy Colestock

Agent at Big Realty

(828) 835-1112

Listed by Big Realty · Broker phone: 828-837-6464 · View on Broker Site

MLS# 436191· Source: Northeast Georgia Board of Realtors· 4 days on PropertySimple

Copyright © 2026 Northeast Georgia Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

143 Cove Lane, Murphy, NC 28906

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