505 E FM 501
Cherokee, TX 76832
3 Beds
1.5 Baths
1,398 sqft (on 7.73 acres)
3 Beds
1.5 Baths
1,398 sqft
(on 7.73 acres)
We estimate this home will sell faster than 97% nearby.
Local Information
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Description
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.
We estimate this home will sell faster than 97% nearby.
Home Highlights
Parking
No Info
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$142
Listed
2 days ago
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: 2 |
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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: $199,000Price Per Sqft: $142 |
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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 |
Last check for updates: about 16 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.
Price History for 505 E FM 501
| Date | Price | Event | Source |
|---|---|---|---|
| 05/07/2026 | $199,000 | Listed For Sale | HLMLS as distributed by MLS GRID #177842 |
| 02/02/2026 | $159,000 | ListingRemoved | HLMLS as distributed by MLS GRID #174868 |
| 01/31/2026 | $159,000 | PriceChange | HLMLS as distributed by MLS GRID #174868 |
| 11/17/2025 | $199,000 | PriceChange | HLMLS as distributed by MLS GRID #174868 |
| 09/26/2025 | $215,000 | PriceChange | HLMLS as distributed by MLS GRID #174868 |
| 08/28/2025 | $235,000 | Listed For Sale | HLMLS as distributed by MLS GRID #174868 |
| 08/22/2024 | ListingRemoved | HLMLS as distributed by MLS GRID #169118 | |
| 08/22/2024 | $299,000 | PriceChange | HLMLS as distributed by MLS GRID #169118 |
| 06/09/2024 | $350,000 | Listed For Sale | HLMLS as distributed by MLS GRID #169118 |
| 09/25/2023 | ListingRemoved | Unlock MLS #2066781 | |
| 06/21/2023 | $165,000 | Contingent | Unlock MLS #2066781 |
| 06/16/2023 | $165,000 | Listed For Sale | Unlock MLS #2066781 |
| 02/23/2023 | ListingRemoved | Unlock MLS #6099205 | |
| 02/21/2023 | $139,000 | Listed For Sale | Unlock MLS #6099205 |
| 01/23/2023 | ListingRemoved | Unlock MLS #6099205 | |
| 10/10/2022 | $200,000 | Listed For Sale | Unlock MLS #6099205 |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,012 |
| Assessment | $78,130 |
Home facts updated by county records
Comparable Sales for 505 E FM 501
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
4.45 | Single-Family Home | - | 03/03/26 | 3 | 3 | 3,481 | |
3.64 | Single-Family Home | - | 07/31/25 | - | - |
Assigned Schools
These are the assigned schools for 505 E FM 501.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.
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 2026-05-09 00:22:37 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
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.