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$892,853

NAL Estimated Property Value

533 Cherokee Drive, Murphy, TX, 75094

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,763 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$215.35 / sqft
Year BuiltBuilt in 1978

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Gas Oven, Double Oven, Gas Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Rain Gutters, Storage
Lot Size3.36 acres

Building Information

Year Built1978
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR-6579-000-0410-1
Lot Number41
SubdivisionHenry Maxwell Survey
Land UseResidential
Legal DescriptionABS A0579 HENRY MAXWELL SURVEY, TRACT 41, 3.361 ACRES
Census Tract031335
Assessed Land Value$504,150
Assessed Improvement Value$388,703
Assessment Year2025

About this property

Rare opportunity to own a gorgeous home and 3.374 acres of property in the city. Incredible Ranch style home showcases 4 bedrooms and 3 full bathrooms with a renovated kitchen and wonderfully open floorplan. Master bedroom has two bonus spaces for closet or office. Incredible views from every window. Covered patio with fireplace, extra patio for grilling or entertaining, pool with deck, flower gardens, greenhouse and a 30x50 barn with electric, water and sewer - there are just too many great things about this property to list. Bring your horses and enjoy watching them graze near the seasonal pond surrounded by the pasture full of wildflowers. Add'l property is available across from home ask for details.

Investor Tools

Property Icon
$892,853
Estimated Property Value
$384,497Estimated Mortgage Balance
$508,356Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,357 /month
Positive
Cash Flow Estimate:
$1,786 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,201/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,950
$892,853
2025
$504,150
$388,703
$892,853
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,950
$892,853

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Better Mortgage Corporation
Conventional
$420,257
No
First
Nov 18, 2021
Dec 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$384,497
$508,356
56%
43%
$2,520/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,860/mo
$2,520/mo
+$1,340/mo
5.2%

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: Murphy

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533 Cherokee Drive | Property Details | No Agent List