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$227,000

1032 N Lockhart Street, Sherman, TX, 75092

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,556 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.89 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

BankruptcyPre-ForeclosureHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesDishwasher, Electric Range, Electric Water Heater, Microwave
FlooringVinyl, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size9,104 sqft

Building Information

Year Built1950
Roof Type109
Garage Spaces1

Land Information

APNS029 0763366
SubdivisionMcanair J B
Land UseResidential
Legal DescriptionG-0763 MCANAIR J B, ACRES .209
Census Tract001200
Assessed Land Value$67,825
Assessed Improvement Value$133,362
Assessment Year2025

About this property

Discover timeless charm in this move-in ready 1950’s home, perfectly situated in a peaceful suburban neighborhood. Enjoy easy transportation with nearby highways, plus convenient access to grocery stores, dining, and shopping. Classic curb appeal welcomes you with a traditional front porch and a solid front door ideal for seasonal décor. Inside, a cool and clean aesthetic flows throughout. Bedrooms feature original wood floors, while the main living areas offer durable wood-look vinyl plank flooring. The eat-in kitchen includes a cozy counter space and features decorative lighting, ideal for casual meals, while the dining area seamlessly integrates with the spacious living room featuring a decorative fireplace. Modern ceiling fans enhance comfort throughout much of the home. Generous front bedrooms showcase large windows that fill the rooms with natural light. The sunroom—with tile floors and windows on three sides—offers beautiful views of the seemingly large, tree-shaded backyard. Host summer gatherings on the expansive concrete patio, shaded by mature trees for year-round comfort. The single-car garage provides tandem driveway parking and includes a small workshop for hobbies or storage. This all-electric, energy-efficient home blends classic design with modern amenities, just steps from schools, parks, shopping, dining, and transport routes. Schedule your showing today!

Investor Tools

$166,680Estimated Mortgage Balance
$61,320Estimated Equity
26% 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

Interested in this property?

Cristi Perkins

Steve Cook & Co, REALTORS

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$319/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,691
$201,187
2025
$67,825
$133,362
$201,187
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,691
$201,187

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Home Mortgage Llc
Conventional
$173,740
No
First
Mar 28, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,680
$61,320
26%
73%
$1,042/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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