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$228,008

NAL Estimated Property Value

1016 E Cherry Street, Sherman, TX, 75090

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,444 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$155.82 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave, Plumbed For Ice Maker
FlooringLaminate

Exterior

Lot Size7,723 sqft

Building Information

Year Built1920

Land Information

APNS042 2110007
Lot Number3
SubdivisionHazelwood & Vaden Addn
Land UseResidential
Legal DescriptionHAZELWOOD & VADEN ADDN, BLOCK 2, LOT PT 3, ACRES .1773
Census Tract001500
Assessed Land Value$47,663
Assessed Improvement Value$180,345
Assessment Year2025

About this property

Rarely available! This adorable and affordable, true 4 Bedroom, 2 full bathroom home, has been completely remodeled from foundation to shingles. This home is immaculate, with, new granite countertops, new stainless steel appliances, new shaker style kitchen cabinets, and new wood look laminate flooring throughout. The Bathrooms feature new oversized tiled bath and shower surrounds, new marble top vanities, and new decorative bubble glass light fixtures. The Roof, HVAC, Electric, Plumbing, and Water Heater are all brand new. Do not wait. Call to schedule your showing appointment today.

Investor Tools

Property Icon
$228,008
Estimated Property Value
$190,329Estimated Mortgage Balance
$37,679Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,368 /month
Positive
Cash Flow Estimate:
$456 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$480/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,616
$228,008
2025
$47,663
$180,345
$228,008
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,616
$228,008

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Paramount Residential Mortgage Group
Conventional
$204,250
No
First
Sep 30, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$190,329
$37,679
16%
83%
$1,225/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Sherman

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1016 E Cherry Street | Property Details | No Agent List