78 Terrace Ave, Murphy, NC 28906
OFF MARKET

$1,306,400

Trulia Estimate
  • 45 Beds
  • 48 Baths
  • 28,575 sqft (on 1.40 acres)

78 Terrace Ave, Murphy, NC 28906

Est. Refi. Payment $7,184/mo*
Refinance Your Home

Home Value

Trulia Estimate
$1.31M
Since last month
Decreased$67K (-5.1%)
Since last year
Increased$67K (+5.6%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +2,302% in the last 10 years
MonthEstimated value
2026
August 2026$1.25M
July 2026$1.32M
June 2026$1.19M
April 2026$1.26M
March 2026$1.27M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
83 Boulevard St, Murphy, NC
0.15
Multi-Family Home
$226,500
08/25/26
4
2
-
58 Warren Dr, Murphy, NC
1.15
Multi-Family Home
$300,000
11/20/25
-
-
621 Talc Mine Rd, Murphy, NC
1.16
Multi-Family Home
$300,000
11/20/25
-
-

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
Tbd Cherry Street, NC 28906
0.07
$30,000
-
-
-
Recently Sold
254 Cherry St, Murphy, NC 28906
0.07
$194,000
3
1
1,300
Off Market
104 Boulevard Street, Murphy, NC 28906
0.09
$405,900
3
2.5
2,595
Off Market
261 Cherry Street, Murphy, NC 28906
0.09
$150,500
3
3
1,746
Off Market
Lot 10 Carolina Fox Circle LOT 10, Murphy, NC 28906
0.10
-
-
-
-
Off Market
24 Fox Street, Murphy, NC 28906
0.11
$256,800
2
1
915
Off Market
277 Cherry Street, Murphy, NC 28906
0.11
$215,100
3
2
1,708
Off Market
74 Palmer St, Murphy, NC 28906
0.11
$197,400
3
2
-
Off Market
83 Boulevard St, Murphy, NC 28906
0.15
$226,500
4
2
-
Recently Sold
East Ave #59-61, Murphy, NC 28906
0.15
-
-
-
-
Off Market
337 Cherry St, Murphy, NC 28906
0.16
$238,000
2
2
-
Off Market
181 Ridge Ln, Murphy, NC 28906
0.16
$412,200
4
3
2,084
Off Market

Local Information

  • Map ViewExplore the area around 78 Terrace Ave.
  • Schools1 Preschool School1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Property Type
Multi-Family
Year Built
1982
Lot Size
1.4 acres
Living Area
28,575 sqft
Price/Sqft
$46

About this House

Absolutely the best hotel/resturant site in Murphy, NC.Views of mountains from most rooms & from dining area. Visibility from busy intersection of HWY 64W & Hwy 64E. Short walk to downtown Murphy. 40 room hotel/restaurant needs renovation but has fantastic upside potential! More rooms could be added depeding on new floor plan. This property could produce excellent net income after Murphy Harrah's Casino is completed. Shown by appointment only. Call Janine Boulay-Seibert or Robin Sargent at Olde Town Brokers
78 Terrace Ave, Murphy, NC 28906 is a 45 bedroom, 48 bathroom, 28,575 sqft multi-family built in 1982. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,306,400, with a rent estimate of $1,209/month.

Home Details for 78 Terrace Ave

Interior Features

Interior Details
Basement
Levels, Entrance, & Accessibility
Stories: 3Floors: Tile, Carpet, Concrete

Property Information

Year Built
Year Built: 1982Year Updated: 1982
Property Type / Style
Property Type: Multi Family

Exterior Features

Exterior Home Features
Exterior: Other, Cement ConcretePatio
Parking & Garage
Parking: Off Street

Lot Information

Lot Area: 1.40 acres

Price and Tax history

DateEventPrice
May 15, 2015
Source: Agent Provided
ListingRemoved
$1,100,000
Nov 20, 2014
Source: Agent Provided
PriceChange
$1,100,000
Price decreased by 8%
Nov 18, 2014
Source: Agent Provided
Listed For Sale
$1,200,000
Mar 4, 2014
Source: Agent Provided
ListingRemoved
$1,200,000
Nov 27, 2013
Source: Agent Provided
Listed For Sale
$1,200,000

Market trends in Murphy

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$308K
$5KMoM
Sale-to-List Price
96.2%
1.3%MoM
Price per sq ft
$199
$3MoM
Available listings
357
8MoM

Around this home

View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Murphy

At least 80 Trulia users voted on each feature.

  • 91 % Say car is needed

  • 83 % Say there's wildlife

  • 80 % Say yards are well-kept

  • 76 % Say parking is easy

  • 76 % Say it's quiet

  • 73 % Say there's holiday spirit

  • 64 % Say they plan to stay for at least 5 years

  • 63 % Say people would walk alone at night

  • 61 % Say neighbors are friendly

  • 55 % Say it's dog friendly

  • 39 % Say kids play outside

  • 31 % Say there are community events

  • 22 % Say streets are well-lit

  • 20 % Say it's walkable to restaurants

  • 19 % Say there are sidewalks

  • 12 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Liza G Ovington
    "Not sure but it seems like there are lots of places to take your dogs on leash. Although many of the roads have no shoulder"
    1
    Flag
  • Bigliz14
    "Great place to live and raise a family . People are friendly and atmosphere in this town is fantastic "
    0
    Flag
  • Trulia User
    "A little congested but roads are kept clean and safe in the winter the roads are well maintained. I would recommend living in Murphy "
    0
    Flag
  • Mary Obryan
    "No this is a rural area with no public transportation. There is no need for it generally speaking. There is a community transport that will pick up people at their homes I believe."
    0
    Flag
  • Laurence Wood
    "Good schools a growing town with opportunities for all! Every day is like vacation with all the amazing places to go to!"
    2
    Flag
  • Laurence Wood
    "No traffic jams Service people are slow to come out but it’s part of the slower pace of life we enjoy "
    1
    Flag
  • Laurence Wood
    "A fast growing town and you need to expect long drives for services and stores. Medical care is difficult to find close by. We love our town and get upset when new residents try to change our culture "
    0
    Flag
  • Barbara Ratterree
    "Country living. People are private but willing to help others. Most homes around me are homesteads or farms. "
    1
    Flag
  • KatieB
    "Most people don’t walk their dogs they let them run loose or keep them fenced, those who do walk their dogs are usually friendly and always say hello! "
    1
    Flag
  • Irving R.
    "vehicle is a must have commodity to get around when you live out of the town city limits. Unless you like to walk or ride a bike. They're are few other drawbacks as well. Communicating by cell phone is not very good around the countryside, lacking cell towers. This is a problem, even trying to get on the internet. Somedays are better than others but still we have poor reception. Other than that we have the beautiful outdoors. We can enjoy going to the national forest for hiking, camping, hunting, fishing or just driving around the back roads and enjoy scenery as well as wildlife. Living outside the city's limit might have it's drawbacks but you take the good and the bad as it comes and make the best of it."
    0
    Flag
  • Kristyleew49
    "Love Murphy! The people, the mountains, the town are all amazing! No attitudes, just good people looking out for each other!"
    0
    Flag
  • Michelle R.
    "We just stay socialized with each other and van together when necessary. The kids are what keeps the community a whole. "
    0
    Flag
  • Michelle R.
    "We all ban together and make it about the kids. Lots of summer fun. When problems arise within the community we solve together as a team until things are fixed. "
    1
    Flag
  • Mesa2617
    "Live music at local pub and restaurants. Friendly staff is several local stores and restaurants. The town of Murphy felt really welcoming. "
    1
    Flag
  • Errol D.
    "Very beautiful place to live and quiet, very kid friendly. I been here for some years really nicely place to be "
    0
    Flag
  • TiffanyTabor
    "we need some really nice dog parks! People need to be more accountable for their dogs! There us no place to take to your dog where they can run, swim and play safely!"
    0
    Flag
  • Kimkoogler
    "I've lived here for 7 years. I love every beautiful road. mountain views, lake views, great food. it's a beautiful place to live."
    0
    Flag
  • Pprzonek
    "the beautiful mountain views, the wonderful change of the seasons.The small city feel and how nice the people are to each other"
    30
    Flag
  • Gloria Geringer
    "I like it because it's quite. No lights outside, except for what's on the house and carport. What I don't like is everyone's dogs run free. I take mine out on a leash."
    5
    Flag
  • Cindyandchuck
    "Concerts, yard sales, boat and golf cart parades, fireworks with live music. Tennis, pool and marina"
    9
    Flag
  • Bsfrazee
    "Every one knows every one. People watch each others place when they are out of town or checks in on one another if your sick. I have vacationed here for a few years now staying with friends but now would love to own a piece of paradise !!!"
    0
    Flag
  • NolaR
    "One Neighbor has a hostile dog. I don't feel safe walking by his house. There is still enough areas to walk your pet."
    0
    Flag
  • Jjoachiltz
    "There is no leash law here so watch your children and your pets closely!! Our dog was attacked and killed by 2 dogs in our neighborhood. There was nothing we could do about it. "
    0
    Flag
  • Steve B.
    "Murphy, NC is a small community with all the basics (yes, including Walmart). There is a lot to do or you can relax and enjoy the beauty of the mountains. Winters are NOT harsh, however, you will need warm clothing. You can enjoy the wildlife from your back deck or walk the many trails throughout the county. Although Murphy will have a Casino come the Summer of 2015; it will have little impact on the quality of life."
    0
    Flag
  • Wendy B.
    "It only mentions one high school but we have TCEC which is the best school in N.C.! Your kid will graduate with all honors AND an associates degree! Best place to raise a child EVER! Safe, peaceful place!"
    0
    Flag
  • Wendy B.
    "I live here and think Murphy and surrounding areas are heaven on earth. Beautiful, friendly, amazing environment to raise your kids! 9th grade up offers TCEC, a small FREE high school that will have your child graduate with honors AND and Associates Degree! Loving teachers! "
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 78 Terrace Ave

  • What is 78 Terrace Ave estimated to be worth?
    Trulia's estimated value for 78 Terrace Ave in Murphy, NC is $1,306,400.
  • Is Murphy a buyer's or seller's market?
    Murphy is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Murphy?
    The median sale price in Murphy is $308K. That is down $5K from the prior month.
  • What do residents say about Murphy?
    Residents describe Murphy, NC as well-kept, easy to park in, and quiet. Most residents say you need a car. See recently sold homes in Murphy, NC.
  • Does 78 Terrace Ave have parking?
    Yes, 78 Terrace Ave in Murphy, NC has on-site parking.

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