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$128,190

2551 Cherry Creek East Dr, Shepherd, TX, 77371

$145,420 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,216 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$106.91 / sqft
Year BuiltBuilt in 1999

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesElectric Oven, Microwave, Electric Range
FlooringLaminate, Wood

Exterior

Lot Size1.19 acres

Land Information

APN55064
Lot Number474
SubdivisionCherry Creek
Land UseResidential
Legal DescriptionCHERRY CREEK #2, LOT 474, HUD# RAD1169948, TITLE# 01233245, SERIAL# SCAR319967634091, ACRES 1.19
Census Tract200104
Assessed Land Value$41,780
Assessed Improvement Value$86,410
Assessment Year2025

About this property

Nestled on 1.19 acres of serene landscape, this charming residence features 3 bedrooms and 2 full baths. Surrounded by a lush canopy of trees, the property offers a tranquil environment and the potential for cultivating a garden or nurturing baby chicks. The master bathroom boasts an exquisite arrangement with a separate shower, a luxurious garden tub, and elegant dual vanities. The secondary bathroom showcases a convenient tub/shower combination. The interior encompasses a welcoming family room and a delightful Kitchen/Dining Combo complete with a quaint island. Enjoy the comfort of a cozy front porch and the convenience of a 14x24 workshop. The property is serviced by a septic tank and city water, while its low taxes contribute to an attractive appeal. With easy access to the 59 freeway, this home seamlessly combines comfort and accessibility.

Investor Tools

Property Icon
$128,190
Estimated Property Value
$117,000Estimated Mortgage Balance
$16,685Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$145,420
Rent-to-Value Ratio: 0.72%
Rent Estimate
$780 /month
Positive
Cash Flow Estimate:
$260 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$85/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$382
$128,190
2025
$41,780
$86,410
$128,190
No

Tax History

Year
Tax Paid
Assessed Value
2025
$382
$128,190

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loandepot.Com Llc
Conventional
$117,000
No
First
Oct 6, 2023
Nov 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$111,505
$23,495
17%
87%
$702/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: Shepherd

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2551 Cherry Creek East Dr | Property Details | No Agent List