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$199,000

201 W Cherry St, Nocona, TX, 76255

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,163 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$171.11 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven
FlooringWood

Building Information

Year Built1923

Land Information

APNR000009699
Land UseResidential
Legal DescriptionAB 389 J D JENNINGS
Census Tract950300
Assessed Land Value$9,340
Assessed Improvement Value$39,660
Assessment Year2025

About this property

2026 New Construction – Historic Nocona, TX Experience upscale living without the luxury price tag in this stunning new construction home located in the charming historic town of Nocona, Texas. Thoughtfully designed with 2x6 exterior walls, elegant granite countertops, custom cabinetry, beautiful wood floors, and stylish designer lighting throughout, this home offers both comfort and sophistication. The modern kitchen comes complete with all appliances included, making it truly move-in ready. Situated on a desirable corner lot, the property features a privacy fence for added seclusion and a spacious outdoor area to enjoy. Energy-efficient spray foam insulation helps keep utility costs low while providing year-round comfort. Don't miss the opportunity to own a brand-new home that combines quality craftsmanship, modern finishes, exceptional value, and the timeless charm of historic Nocona.

Investor Tools

$139,373Estimated Mortgage Balance
$2,627Estimated Equity
1% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

Interested in this property?

Aimee Ashley

Parker Properties Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$142/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$995
$49,000
2025
$9,340
$39,660
$49,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$995
$49,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Wellington State Bank
Building Or Construction Loan
$140,184
No
First
Apr 20, 2026
Apr 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$139,373
$2,627
1%
98%
$841/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: Nocona

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201 W Cherry St | Property Details | No Agent List