NOT LISTED FOR SALE

501 N Cherry St Fredericksburg, TX 78624

Estimated Value: $2,242,000 - $3,769,920

4.29 Acres
$700,037 Price per Acre
187,047 Sq Ft Lot

Last Sold September 09, 2020

Current estimated payment $19,794/month

73 Days on Market

About This Lot

As of September 2020

Rare opportunity to own 4.29 acres just a few blocks off of Main St. Multiple build sites that have views of Cross Mountain to the North. Currently Ag Exempt. Property is shown to be originally in 3 Tracts by noted on the survey, It has been approved by the CIty to be re-platted into two tracts again. It would have to go before the City to re-platted into more tracts. A blank canvas waiting for one's vision to be the premier acreage in town for a residential home or split acreage with friends or family. The owner is open to selling off to adjoining tracts. Underground electric has been put in

Last Agent to Sell the Property

Justin Cop

Fredericksburg Realty License #0613372 Listed on: 05/28/2020

Last Buyer's Agent

Caleb Hail

Fredericksburg Realty License #0621071

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $47,045

Lot Details

  • 4.29 Acre Lot
  • Barbed Wire
  • Sloped Lot

Utilities

  • Well

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$47,045

Lot Details

0

Listing Details

  • Prop. Type: Land
  • Property Sub Type: City Lots
  • Lot Size Acres: 4.294
  • Road Frontage Type: City Street
  • Directions: West On Main, Turn RIght on Cherry(North), Proceed to 501 N Cherry St
  • Special Features: None

Interior Features

  • Possible Use: Residential, Investment

Exterior Features

  • Topography: Sloping
  • Fencing: Barbed Wire
  • Lot Features: Improved Grasses, 1-5 Acres
  • View: No

Utilities

  • Sewer: Public Sewer
  • Electric: City Electric-On Property
  • Electricity On Property: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Schools

  • Junior High Dist: Fredericksburg

Lot Info

  • Zoning: R-1
  • Current Use: Vacant Land, City
  • Lot Size Sq Ft: 187046.64
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2020
Closed on
Sep 8, 2020
Sold by
Brewer Kaleb and Brewer Rachael Sue
Bought by
Pavlicek Mark
Seller's Agent
Justin Cop
Fredericksburg Realty
Buyer's Agent
Caleb Hail
Fredericksburg Realty
List Price
$595,000
Current Estimated Value
$3,005,960

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$228,746
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,777,214
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pavlicek Mark -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pavlicek Mark $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2020 09/09/20 Sold -- -- --
08/10/2020 08/10/20 Pending -- -- --
05/28/2020 05/28/20 For Sale $595,000 -- --
Source: Central Hill Country Board of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $47,045 $3,757,880 $613,510 $3,144,370
2024 $47,045 $3,511,640 $626,610 $2,885,030
2023 $33,961 $2,772,210 $626,610 $2,145,600
2022 $20,594 $1,377,970 $583,590 $794,380
2021 $8 $0 $0 $0
2020 $7 $0 $0 $0
2019 $25 $0 $0 $0
2018 $25 $0 $0 $0
2017 $26 $0 $0 $0
2016 $26 $0 $0 $0
2015 -- $187,870 $186,870 $1,000
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Justin Cop

    Seller's Agent in 2020

    Justin Cop

    Fredericksburg Realty

    (830) 998-2896

    56 Total Sales

    Justin Cop
    Section Image

  • C

    Buyer's Agent in 2020

    Caleb Hail

    Fredericksburg Realty

    (325) 214-2764

    24 Total Sales

    Caleb Hail
    Section Image
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Map

Source: Central Hill Country Board of REALTORS®

MLS Number: 80012

Central Hill Country Board of REALTORS®

APN: 2057

Texas Gillespie County Fredericksburg 78624

501 N Cherry St, Fredericksburg, TX

Not Listed for Sale

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