505 E Fm 501 Cherokee, TX 76832
Estimated payment $1,126/month
Highlights
- Views of Hill Country
- Agricultural Exemption
- Barbed Wire
- No HOA
- Central Air
- Heating Available
About This Home
It is a house that needs some fixing up and is a beautiful lot which has behind it a liveoak forrest. It is located in a wonderful small community and has very good well water and serviced by a very inexpensive electrical company, Central Texas Electric. Ths septic system was checked Jan 2024. Cherokee is located 20 minutes from Llano and San Saba and just west of Colorado Bend State Park. It has a k-12 school which keeps it pretty active for a small town and this place is on the edge of the town. The tract included next to it is beautiul wooded 5.49 acre with 3.1 acres in the back triange which has a beautiful wooded creek bed. There is a .36 acre triangle tract in between the two tracts.
Home Details
Home Type
- Single Family
Year Built
- Built in 1961
Lot Details
- 7.81 Acre Lot
- Barbed Wire
Home Design
- Metal Roof
- Pier And Beam
Interior Spaces
- 1,398 Sq Ft Home
- 1-Story Property
- Laminate Flooring
- Views of Hill Country
- Crawl Space
- Washer and Electric Dryer Hookup
Bedrooms and Bathrooms
- 3 Bedrooms
Farming
- Agricultural Exemption
Utilities
- Central Air
- Heating Available
- Well
- Electric Water Heater
- Septic Tank
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 001404
Map
Home Values in the Area
Average Home Value in this Area
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 | $1,030 | $78,130 | $34,850 | $43,280 |
| 2024 | $1,030 | $66,510 | $23,230 | $43,280 |
| 2023 | $906 | $65,520 | $17,420 | $48,100 |
| 2022 | $937 | $61,140 | $17,420 | $43,720 |
| 2021 | $914 | $51,500 | $12,780 | $38,720 |
| 2020 | $823 | $45,610 | $12,780 | $32,830 |
| 2019 | $874 | $45,620 | $12,780 | $32,840 |
| 2018 | $893 | $45,630 | $12,780 | $32,850 |
| 2017 | $894 | $45,650 | $12,780 | $32,870 |
| 2016 | $954 | $48,720 | $12,780 | $35,940 |
| 2015 | -- | $46,130 | $12,780 | $33,350 |
| 2014 | -- | $46,130 | $12,780 | $33,350 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/17/2025 11/17/25 | Price Changed | $199,000 | -7.4% | $142 / Sq Ft | |
| 09/26/2025 09/26/25 | Price Changed | $215,000 | +59.3% | $154 / Sq Ft | |
| 09/25/2025 09/25/25 | Price Changed | $135,000 | -42.6% | $97 / Sq Ft | |
| 08/28/2025 08/28/25 | Price Changed | $235,000 | -32.9% | $168 / Sq Ft | |
| 08/27/2025 08/27/25 | For Sale | $350,000 | +112.1% | $250 / Sq Ft | |
| 09/22/2023 09/22/23 | Sold | -- | -- | -- | View Prior Sale |
| 06/19/2023 06/19/23 | Pending | -- | -- | -- | |
| 06/15/2023 06/15/23 | For Sale | $165,000 | -- | $127 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $173,464 | Wfg Nat L Title Co | |
| Grant Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $171,747 | Construction | |
| Previous Owner | $39,900 | New Conventional |
Source: Highland Lakes Association of REALTORS®
MLS Number: HLM174868
APN: 1404
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