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$228,400

428 Cherrywood Ln, Holly Lake Ranch, TX, 75765

$231,372 ARVInfo
On MarketInfo
Beds2 Beds
Baths1,462 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$156.22 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Half 2Bathrooms Half 2
AppliancesElectric Water Heater

Building Information

Year Built2002

Land Information

APN30953
Lot Number371
Land UseResidential
Legal DescriptionLOT 371 HOLLY LAKE RANCH (SEC 8)
Census Tract950602
Assessed Land Value$6,500
Assessed Improvement Value$214,500
Assessment Year2025

About this property

Enjoy this darling 2 bedroom & 2 bath home on two lots with two living areas and two wood burning fireplaces. There is alsoflex space currently being used as a nursery - has previously been used as an office, could be a craft area, play area,workout area... you decide. Outside you can enjoy the beautiful nature of Holly Lake Ranch on the screened-in front porch,open side porch or right out the primary bedroom door onto the back porch. Home has recently been painted inside. Kitchenfloors and front bathroom floors also recently replaced. Holly Lake Ranch is a private gated community with security, 18-hole golf course, disk golf, multiple swimming pools, pickle ball, tennis, basketball, putt putt, playground, maintained walkingtrails and many more amenities and activities.

Investor Tools

Property Icon
$227,000
Estimated Property Value
$135,800Estimated Mortgage Balance
$106,844Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$231,371
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,370 /month
Positive
Cash Flow Estimate:
$457 /month

Interested in this property?

Kyla McCormack

Texas Real Estate Executives, The Daniels Group - Gilmer

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$382/month
$3,130/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,448
$221,000
2025
$6,500
$214,500
$221,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,448
$221,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Point Financial Corporation
Conventional
$135,800
No
First
Jun 11, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$120,156
$106,844
47%
53%
$815/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: Holly Lake Ranch

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428 Cherrywood Ln | Property Details | No Agent List