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$244,000

NAL Estimated Property Value

150 Cherry Ln, Van, TX, 75790

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,758 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.09 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesVented Exhaust Fan
FlooringWood

Exterior

Lot Size13,460 sqft

Building Information

Year Built1947
Stories1
Garage Spaces2

Land Information

APN064.0616.5160.0000.0000
Land UseResidential
Legal DescriptionACRES: 0.309 ABST: 616 SUR: MOORE
Census Tract950801
Assessed Land Value$20,830
Assessed Improvement Value$221,890
Assessment Year2025

About this property

Must Sell, all offers considered. 3 bed 2 bath move-in ready. Owner willing to close with conventional financing or Owner will Carry as well. House is priced to sell fast at least 20K below market... This one won’t last long! Seller doesn’t care about your credit. Seller is looking for someone with a reasonable down payment, ability to make their payment and ability to pay the closing costs. Seller will deed the home into your name at closing so you will own it from day one. There’s a sign in front of the house with my cell (Seller or Listing Agent) on it. Call me and I’ll get you inside to see it.

Investor Tools

Property Icon
$244,000
Estimated Property Value
$191,760Estimated Mortgage Balance
$52,240Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,464 /month
Positive
Cash Flow Estimate:
$488 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$192/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,084
$242,720
2025
$20,830
$221,890
$242,720
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,084
$242,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cherry Lane 150 Trust
Commercial
$194,900
No
First
Jun 2, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$191,760
$52,240
21%
79%
$1,169/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.

Explore Texas Explore This Area
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: Van

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150 Cherry Ln | Property Details | No Agent List