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$268,000

NAL Estimated Property Value

604 Fm-501, Cherokee, TX, 76832

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths960 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$328.13 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1

Exterior

Lot Size1.09 acres

Building Information

Year Built1975

Land Information

APN1334
Land UseResidential
Legal DescriptionJ FROMME ABST 364 SURV 86 1.091 AC
Census Tract950200
Assessed Land Value$16,370
Assessed Improvement Value$137,140
Assessment Year2025

About this property

Have you been looking for an affordable property in the Hill Country? Have a look! This property features a 2/1 home and a large metal shop on slab with enclosed living space. The home has nice newer flooring in the living room/dining room, large kitchen, fireplace and central heat and air. There are covered front and rear porches, sidewalks, fencing and cross fencing, water well and a propane (or gas)powered whole house generator. The large metal shop has a roll up door and walk-in door as well as two rooms built inside; one with a large rock fireplace. These rooms would be great as additional living space, man cave/she shed, office, bed rooms etc with plenty of room for a workshop and storage. There's also covered parking for multiple vehicles include an RV/Boat. The home may be dated but this is one nice property with lots of features. What a great opportunity to put your preferred finishing touches on this place and make it your Hill Country home

Investor Tools

Property Icon
$268,000
Estimated Property Value
$0Estimated Mortgage Balance
$268,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$274/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,954
$153,510
2025
$16,370
$137,140
$153,510
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,954
$153,510

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$268,000
100%
0%
$0/mo

City: Cherokee

604 Fm-501 | Property Details | No Agent List