505 E Fm 501 Cherokee, TX 76832
Estimated payment $1,161/month
Highlights
- Hot Property
- Barbed Wire
- 1-Story Property
- Central Air
- Heating Available
About This Home
Nestled just outside the quiet community of Cherokee, this unique 7+ acre property offers a blend of mature oak trees, open land, and endless potential. The property features a wet weather creek, pond, and a mix of wooded and cleared acreage, creating a peaceful rural setting with room to roam. The home is a work in progress and will require additional renovation, making it a great opportunity for investors, flippers, or buyers looking to create their own country retreat. Recent improvements include updated plumbing, portions of updated electrical, newer HVAC, some updated windows, and newer flooring already installed. The home is serviced by a well, and the septic system was pumped and inspected in early 2024. The property's unusual shape provides flexibility and potential for future division or multiple uses. The two highway access points would make subdividing a breeze. The acreage is fenced and suitable for livestock, horses, or simply enjoying wide open space and privacy. Conveniently located approximately 20 minutes from Llano, San Saba, and Colorado Bend State Park, this property offers rural charm with easy access to nearby amenities, including a K-12 school, and recreation.
Home Details
Home Type
- Single Family
Year Built
- Built in 1961
Lot Details
- 7.73 Acre Lot
- Barbed Wire
Home Design
- Metal Roof
- Pier And Beam
Interior Spaces
- 1,398 Sq Ft Home
- 1-Story Property
- Laminate Flooring
- Crawl Space
Bedrooms and Bathrooms
- 3 Bedrooms
Utilities
- Central Air
- Heating Available
- Well
- Septic Tank
Listing and Financial Details
- Assessor Parcel Number 001404
Map
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 | $1,012 | $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 |
|---|---|---|---|---|---|
| 05/07/2026 05/07/26 | For Sale | $199,000 | +20.6% | $142 / 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
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | $173,464 | Wfg Nat L Title Co | |
| Grant Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $171,747 | Construction | |
| Previous Owner | $39,900 | New Conventional |
Source: Highland Lakes Association of REALTORS®
MLS Number: HLM177842
APN: 1404
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Listings courtesy of Highland Lakes Association of REALTORS® as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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Ask me questions while you tour the home.