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$266,000

NAL Estimated Property Value

1310 & 1302 Cherry Street, Abilene, TX, 79602

Off MarketInfo
Beds5 Beds
Baths2 Bath
Baths2,051 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$70.7 / sqft
Year BuiltBuilt in 1946

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Heating CentralHeating Central
CoolingCooling
AppliancesGas Range, Gas Water Heater, Refrigerator, Other
FlooringConcrete, Laminate, Tile

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage, Other
Lot Size7,501 sqft

Building Information

Year Built1946
Stories1
Roof Type105

Land Information

APN85100021200
SubdivisionOt Abilene Blk 208 John J Toombs/Riney-H
Land UseResidential
Legal DescriptionOT ABILENE BLK 208 JOHN J TOOMBS/RINEY-HAYS, LOT 7, 2-C 2-C
Census Tract011900
Assessed Land Value$7,125
Assessed Improvement Value$123,475
Assessment Year2025

About this property

INCREDIBLE INVESTMENT OPPORTUNTY- TWO PROPERTIES FOR THE PRICE OF ONE! This is your chance to own not one but two promising properties in a prime central location on the South side. So much space potential in this large 5-6 bedroom, 2 bathroom home. Primary bedroom with attached bathroom. Spacious eat in kitchen with gas stove. This home offer ample storage space including a generous laundry area. Outside enjoy the large fenced backyard with 2 storage buildings. Plus connecting lot at 1302 is a large corner lot with efficiency apartment that has been a previous rental and beauty shop. 100% financing available for qualified buyers

Investor Tools

Property Icon
$266,000
Estimated Property Value
$139,375Estimated Mortgage Balance
$126,625Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,596 /month
Positive
Cash Flow Estimate:
$532 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$239/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,534
$130,600
2025
$7,125
$123,475
$130,600
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,534
$130,600

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ronald D Butler Ii
Building Or Construction Loan
$146,000
No
First
Nov 21, 2023
Dec 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$139,375
$126,625
47%
52%
$876/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Abilene

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1310 & 1302 Cherry Street | Property Details | No Agent List