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$259,000

615 Cherokee Trce, Athens, TX, 75751

$267,300 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,069 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$125.18 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Gas Water Heater, Vented Exhaust Fan
FlooringTile

Exterior

Lot Size12,330 sqft

Building Information

Year Built1956
Roof Type105
Garage Spaces2

Land Information

APN3040-0011-0080-01
Lot Number8
SubdivisionHighland Hills (178)
Land UseResidential
Legal DescriptionLT 8 AB 782 T PARMER SUR, HIGHLAND HILLS, BLK 11 LT 8, A/178
Census Tract951201
Assessed Land Value$7,965
Assessed Improvement Value$106,489
Assessment Year2025

About this property

This ranch-style home is located in an established subdivision. Updates completed over the past few years include tile flooring throughout, updated fixtures, and renovated bathrooms. Recent improvements include fresh interior and exterior paint, new ceiling fans, and a split HVAC system in the large living area. This spacious home offers four bedrooms and two bathrooms, with the option for a bonus or fifth bedroom. Highland Hills is a quieter neighborhood with less traffic and suitable for taking morning or afternoon walks. Conveniently located just minutes from shopping, entertainment, and medical care. You can access Athens Country Club with a short golf-cart drive from the house, and Trinity Valley Community College is only 3 minutes away.

Investor Tools

$91,835Estimated Mortgage Balance
$100,165Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$267,299
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,554 /month
Positive
Cash Flow Estimate:
$518 /month

Interested in this property?

RUSSELL RICHARDSON

Echols Real Estate Assoc. LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$282/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,428
$114,454
2025
$7,965
$106,489
$114,454
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,428
$114,454

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Verabank Na
Commercial
$100,000
No
First
May 5, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$91,835
$100,165
52%
48%
$600/mo

City: Athens