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For sale
  • Price cut: $1K (7/7)
    $187,000

    505 E FM 501, Cherokee, TX 76832

    3beds
    1,398sqft
    : 
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    Single Family Residence, Residential
    Built in 1961
    7.73 Acres Lot
    $-- Zestimate®
    $134/sqft
    $-- HOA

    What's special

    Mature oak treesUpdated plumbingPortions of updated electricalSome updated windowsAcreage is fencedNewer flooring already installedOpen land
    Nestled just outside the quiet community of Cherokee, this unique 7+ acre property offers a blend of mature oak trees, open land, and endless potential. The property features a wet weather creek, pond, and a mix of wooded and cleared acreage, creating a peaceful rural setting with room to roam. The home is a work in progress and will require additional renovation, making it a great opportunity for investors, flippers, or buyers looking to create their own country retreat. Recent improvements include updated plumbing, portions of updated electrical, newer HVAC, some updated windows, and newer flooring already installed. The home is serviced by a well, and the septic system was pumped and inspected in early 2024. The property's unusual shape provides flexibility and potential for future division or multiple uses. The two highway access points would make subdividing a breeze. The acreage is fenced and suitable for livestock, horses, or simply enjoying wide open space and privacy. Conveniently located approximately 20 minutes from Llano, San Saba, and Colorado Bend State Park, this property offers rural charm with easy access to nearby amenities, including a K-12 school, and recreation.
    61 days
    |
    621
    |
    26
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Claire Liddiard 325-423-2570,

    Landmasters Real Estate

    Source: HLMLS as distributed by MLS GRID,MLS#: 177842MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 1
      • 1/2 bathrooms: 1
      Rooms
      • Room types: Laundry, Utility Room Inside
      Heating
      • Electric
      Cooling
      • Central Air
      Features
      • Flooring: Laminate
      • Has fireplace: No
      Interior area
      • Total structure area: 1,398
      • Total interior livable area: 1,398 sqft

      Property

      Features
      • Levels: One
      • Stories: 1
      • Fencing: Barbed Wire,Fenced
      • Waterfront features: No
      Lot
      • Size: 7.73 Acres
      Details
      • Parcel number: 001404

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Single Family Residence, Residential
      Materials
      • Wood Siding, Vinyl Siding
      • Foundation: Crawl Space, Pier & Beam
      • Roof: Metal
      Condition
      • Year built: 1961

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      Community
      • Subdivision: None
      Location
      • Region: Cherokee

      Financial & listing details

      • Price per square foot: $134/sqft
      • Tax assessed value: $78,130
      • Annual tax amount: $1,012
      • Date on market: 5/7/2026
      Claire Liddiard

      (325) 423-2570

      By pressing Contact Agent, you agree that the real estate professional identified above may call/text you about your search, which may involve use of automated means and pre-recorded/artificial voices. You don't need to consent as a condition of buying any property, goods, or services. Message/data rates may apply. You also agree to our Terms of Use. Zillow does not endorse any real estate professionals. We may share information about your recent and future site activity with your agent to help them understand what you're looking for in a home.

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/7/2026Price change$187,000-0.5%$134/sqft
        Source: HLMLS as distributed by MLS GRID #177842 Report a problem
        6/27/2026Price change$188,000-0.5%$134/sqft
        Source: HLMLS as distributed by MLS GRID #177842 Report a problem
        5/29/2026Price change$189,000-5%$135/sqft
        Source: HLMLS as distributed by MLS GRID #177842 Report a problem
        5/7/2026Listed for sale$199,000+25.2%$142/sqft
        Source: HLMLS as distributed by MLS GRID #177842 Report a problem
        2/2/2026Listing removed$159,000$114/sqft
        Source: HLMLS as distributed by MLS GRID #174868 Report a problem
        1/31/2026Price change$159,000-20.1%$114/sqft
        Source: HLMLS as distributed by MLS GRID #174868 Report a problem
        11/17/2025Price change$199,000-7.4%$142/sqft
        Source: HLMLS as distributed by MLS GRID #174868 Report a problem
        9/26/2025Price change$215,000-8.5%$154/sqft
        Source: HLMLS as distributed by MLS GRID #174868 Report a problem
        8/28/2025Listed for sale$235,000-21.4%$168/sqft
        Source: HLMLS as distributed by MLS GRID #174868 Report a problem
        8/22/2024Listing removed--
        Source: HLMLS as distributed by MLS GRID #169118 Report a problem
        8/22/2024Price change$299,000-14.6%$214/sqft
        Source: HLMLS as distributed by MLS GRID #169118 Report a problem
        6/9/2024Listed for sale$350,000+112.1%$250/sqft
        Source: HLMLS as distributed by MLS GRID #169118 Report a problem
        9/25/2023Listing removed--
        Source: Unlock MLS #2066781 Report a problem
        6/21/2023Contingent$165,000$118/sqft
        Source: Unlock MLS #2066781 Report a problem
        6/16/2023Listed for sale$165,000+18.7%$118/sqft
        Source: Unlock MLS #2066781 Report a problem
        2/23/2023Listing removed--
        Source: Unlock MLS #6099205 Report a problem
        2/21/2023Listed for sale$139,000-30.5%$99/sqft
        Source: Unlock MLS #6099205 Report a problem
        1/23/2023Listing removed--
        Source: Unlock MLS #6099205 Report a problem
        10/10/2022Listed for sale$200,000$143/sqft
        Source: Unlock MLS #6099205 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$1,012 +15.4%$78,130 +17.5%
        2024$877 -3.2%$66,510 +1.5%
        2023$906 -3.3%$65,520 +7.2%
        2022$937 +14.7%$61,140 +18.7%
        2021$817 $51,500 +12.9%
        2020-- $45,610 0%
        2019-- $45,620 0%
        2018-- $45,630 0%
        2017-- $45,650 -6.3%
        2016-- $48,720 +5.6%
        2015-- $46,130
        2014-- $46,130

        Find assessor info on the county website

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 76832

        Getting around

        10 / 100
        Car-Dependent
        30 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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