505 E Fm 501, Cherokee, TX 76832

Cherokee
Local realty services provided by:ERA Experts
505 E Fm 501,Cherokee, TX 76832
$199,000
  • 3 Beds
  • 2 Baths
  • 1,398 sq. ft.
  • Single family
  • Active
Listed by: claire liddiard
Office: landmasters real estate
MLS#:177842
Source:TX_HLAR

Price summary

  • Price:$199,000
  • Price per sq. ft.:$142.35

About this home

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. ...

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Home facts

  • Year built:1961
  • Listing ID #:177842
  • Added:1 day(s) ago
  • Updated:May 09, 2026 at 02:18 PM

Rooms and interior

  • Bedrooms:3
  • Total bathrooms:2
  • Full bathrooms:1
  • Half bathrooms:1
  • Flooring:Laminate
  • Living area:1,398 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Electric
  • Central air:Yes

Structure and exterior

  • Roof:Metal
  • Year built:1961
  • Building area:1,398 sq. ft.
  • Lot area:7.73 Acres
  • Foundation Description:Crawl Space, Pier & Beam
  • Levels:1 Story

Utilities

  • Water:Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$199,000
  • Price per sq. ft.:$142.35
Copyright 2026 Highland Lake Association of Realtors. Information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and the data is deemed reliable but is not guaranteed accurate by the MLS.

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