$175,000
Original price: $187,000
3 Beds
1.5 Baths
1,398 sqft (on 7.73 acres)
505 E FM 501, Cherokee, TX 76832
Est. Mortgage $1,150/mo*
Get Pre-QualifiedHome Highlights
Single-Family Home
Built in 1961
7.73 acre lot
$125/sqft
Local Information
- Map ViewExplore the area around 505 E FM 501.
- Schools1 Preschool School1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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.
Last check for updates: about 3 hours ago
Listing courtesy of Claire Liddiard, (325) 423-2570
Landmasters Real Estate
Source: HLMLS as distributed by MLS GRID, MLS#177842
Also Listed on HLMLS as distributed by MLS GRID.
Home Details for 505 E FM 501
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Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 1Number of Bathrooms (half): 1 |
Dimensions and Layout Living Area: 1398 Square Feet |
Heating & Cooling Heating: ElectricHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Electric |
Fireplace & Spa No Fireplace |
Windows, Doors, Floors & Walls Flooring: Laminate |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Levels: OneFloors: Laminate |
View No View |
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Exterior Home Features Roof: MetalFencing: Barbed Wire, FencedFoundation: Crawl Space, Pier & Beam |
Frontage Waterfront: NoNot on Waterfront |
Water & Sewer Sewer: Septic Tank |
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Days on Market: 137 |
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Year Built Year Built: 1961 |
Property Type / Style Property Type: ResidentialProperty Subtype: Single Family Residence, Residential |
Building Construction Materials: Wood Siding, Vinyl Siding |
Property Information Parcel Number: 001404 |
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Price List Price: $175,000Price Per Sqft: $125 |
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MLS Status: Active |
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Direction & Address City: CherokeeCommunity: None |
School Information High School District: Cherokee |
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Listing Agent Listing ID: 177842 |
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Building Area Building Area: 1398 Square Feet |
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Lot Area: 7.73 Acres |
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Mls Number: 177842 |
Around this home
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.
Market trends in Cherokee
Last updated August 2026
Avg. sale price
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Sale-to-List Price
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Price per sq ft
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Available listings
9
1MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
4.45 | Single-Family Home | - | 03/03/26 | 3 | 3 | 3,481 | |
4.26 | Single-Family Home | - | 05/11/26 | - | - | ||
7.51 | Single-Family Home | - | 08/10/26 | 5 | 3.5 | 2,978 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.11 | $189,000 | 3 | 2 | 1,322 | For Sale | |
0.37 | $775,000 | - | - | - | For Sale | |
0.42 | - | - | - | - | Off Market | |
0.42 | - | - | - | - | Off Market | |
0.44 | $615,000 | Studio | - | - | For Sale | |
0.49 | $280,000 | 2 | 1.5 | 742 | For Sale | |
0.54 | - | - | - | - | Off Market | |
0.55 | - | 3 | 1 | 1,640 | Off Market | |
0.58 | - | - | - | - | Off Market | |
0.68 | - | - | - | - | Off Market | |
0.71 | $261,700 | 2 | 1 | 1,100 | Off Market |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Aug 27, 2026 Source: HLMLS as distributed by MLS GRID #177842 | PriceChange | $175,000 Price decreased by 6% |
Jul 7, 2026 Source: HLMLS as distributed by MLS GRID #177842 | PriceChange | $187,000 Price decreased by 1% |
Jun 27, 2026 Source: HLMLS as distributed by MLS GRID #177842 | PriceChange | $188,000 Price decreased by 1% |
May 29, 2026 Source: HLMLS as distributed by MLS GRID #177842 | PriceChange | $189,000 Price decreased by 5% |
May 7, 2026 Source: HLMLS as distributed by MLS GRID #177842 | Listed For Sale | $199,000 |
Feb 2, 2026 Source: HLMLS as distributed by MLS GRID #174868 | ListingRemoved | $159,000 |
Jan 31, 2026 Source: HLMLS as distributed by MLS GRID #174868 | PriceChange | $159,000 Price decreased by 20% |
Nov 17, 2025 Source: HLMLS as distributed by MLS GRID #174868 | PriceChange | $199,000 Price decreased by 7% |
Sep 26, 2025 Source: HLMLS as distributed by MLS GRID #174868 | PriceChange | $215,000 Price decreased by 9% |
Aug 28, 2025 Source: HLMLS as distributed by MLS GRID #174868 | Listed For Sale | $235,000 |
Aug 22, 2024 Source: HLMLS as distributed by MLS GRID #169118 | ListingRemoved | |
Aug 22, 2024 Source: HLMLS as distributed by MLS GRID #169118 | PriceChange | $299,000 Price decreased by 15% |
Jun 9, 2024 Source: HLMLS as distributed by MLS GRID #169118 | Listed For Sale | $350,000 |
Sep 25, 2023 Source: Unlock MLS #2066781 | ListingRemoved | |
Jun 21, 2023 Source: Unlock MLS #2066781 | Contingent | $165,000 |
Jun 16, 2023 Source: Unlock MLS #2066781 | Listed For Sale | $165,000 |
Feb 23, 2023 Source: Unlock MLS #6099205 | ListingRemoved | |
Feb 21, 2023 Source: Unlock MLS #6099205 | Listed For Sale | $139,000 |
Jan 23, 2023 Source: Unlock MLS #6099205 | ListingRemoved | |
Oct 10, 2022 Source: Unlock MLS #6099205 | Listed For Sale | $200,000 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2025 | $1,012 | $78,130 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Claire Liddiard, Landmasters Real Estate
Agent Phone: (325) 423-2570
Based on information submitted to the MLS GRID as of 2026-09-22 07:32:29 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Click here for more information
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Frequently asked questions about 505 E FM 501
- What is the estimated monthly payment for 505 E FM 501?Based on a $175,000 list price with 20% down at today's rates, the estimated monthly payment for 505 E FM 501 in Cherokee, TX is approximately $1,171 (about $949 principal & interest, $147 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- What are the closest schools to 505 E FM 501?The closest schools to 505 E FM 501 in Cherokee, TX are Cherokee School (K-12, rated 6/10).
- Does 505 E FM 501 have air conditioning?Yes, 505 E FM 501 in Cherokee, TX has air conditioning.
- Does 505 E FM 501 have a yard?Yes, 505 E FM 501 in Cherokee, TX has a yard.
- How big is the lot at 505 E FM 501?The lot at 505 E FM 501 in Cherokee, TX is about 7.7 acres.
505 E FM 501, Cherokee, TX 76832 is a 3 bedroom, 2 bathroom, 1,398 sqft single-family home built in 1961. This property is currently available for sale and was listed by HLMLS as distributed by MLS GRID on May 7, 2026. The MLS # for this home is MLS# 177842.