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$249,000

NAL Estimated Property Value

200 W Cherry Tree Ln, Fate, TX, 75087

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,521 Sq Ft
price_per_sqft$170.94 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Heat PumpHeating Heat Pump
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Refrigerator
FlooringCeramic Tile

Exterior

Lot Size7,013 sqft

Building Information

Year Built1983
Stories1
Roof Type105
Garage Spaces4

Land Information

APN3990-0000-0003-00-0R
Lot Number3
SubdivisionDavid Hogg-Fate
Land UseResidential
Legal DescriptionDAVID HOGG-FATE, LOT 3
Census Tract040404
Assessed Land Value$110,000
Assessed Improvement Value$137,338
Assessment Year2025

About this property

BACK ON THE MARKET, FULLY UPDATED AND READY FOR TO SELL QUICKLY! Introducing a beautifully renovated 4BR, 3BA residence, brimming with updated features and additions. Perfect for anyone considering an investment rental, a buy-to-sell strategy, or a long-term property asset, this home makes an optimal choice. Outfitted with a brand-new water heater, appliances, and a fully revamped kitchen and bathroom, and new flooring. The former detached garage has been cleared to offer more space, and both interior and exterior have been freshly painted for an updated look. Additional enhancements include new fencing for added privacy, a tastefully stained shed for extra storage, and fresh doors and trims for an updated aesthetic. The property has also been lovingly landscaped, completing the overall appeal. Don't miss this exceptional opportunity to seize a prime real estate investment!

Investor Tools

Property Icon
$249,000
Estimated Property Value
$230,096Estimated Mortgage Balance
$18,904Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,560 /month
Positive
Cash Flow Estimate:
$520 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,994
$247,338
2025
$110,000
$137,338
$247,338
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,994
$247,338

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Click N Close Inc
Conventional
$242,250
No
First
Aug 4, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$230,096
$18,904
7%
92%
$1,453/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: Fate

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200 W Cherry Tree Ln | Property Details | No Agent List