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Owner Contacts

$250,572

NAL Estimated Property Value

1108 E Lamar St, Sherman, TX, 75090

Off Market

4 Beds

3 Bath

1,420 Sq Ft

Single Family Residence

$211.2 / sqft

Built in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4

Bathrooms Full 2

Bathrooms Half 1

Garage Available

AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave

FlooringCeramic Tile, Laminate

Exterior

Lot Size5,998 sqft

Building Information

Year Built2023

Garage Spaces2

Land Information

APNS042 2744001

Lot Number6R

SubdivisionGerens Addn Replat Lt 6 & E One Half 7

Land UseReal-Residential Single Family & Condos W/Lan

Legal DescriptionGERENS ADDN REPLAT LT 6 & E ONE HALF 7, LOT 6R, ACRES .1377

Census Tract001500

Assessed Land Value$37,200

Assessed Improvement Value$213,372

Assessment Year2025

About this property

Stunning New Construction Home in Sherman, Texas! Welcome to your dream home! This brand-new construction boasts 4 bedrooms, 3 baths, & a desirable floorplan that caters to both comfort and style. No HOA: Enjoy the freedom of a no HOA community. Attached 2-Car Garage: Ample space for vehicles and storage. Open Concept Living: Seamless integration of the kitchen, dining, and living areas. Perfect for entertaining. Gorgeous Kitchen: Premium flooring, ample cabinet space, and plenty of countertops. The kitchen flows into the living area, creating a warm atmosphere. Primary Bedroom with En-Suite Bath: Spacious and luxurious, providing a private sanctuary. Near the upcoming $30 billion Texas Instruments chip factory, set to bring 3,000 jobs. This is the largest economic development project in Texas history, promising growth & stability. Investment Potential: Modern living and a strategic investment. Don’t miss this exceptional property in Sherman TX.

Investor Tools

$250,572

Estimated Property Value

$195,547Estimated Mortgage Balance

$55,025Estimated Equity

21% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,799 /month

Positive

Cash Flow Estimate:

$600 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$329/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$2,693

$250,572

2025

$37,200

$213,372

$250,572

Tax History

Year

Tax Paid

Assessed Value

2024

$2,693

$250,572

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Orchard Mortgage Llc

Conventional

$198,750

First

Jun 5, 2025

Jul 2055

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$195,547

$55,025

21%

78%

$1,192/mo

Learn About the Market: Opportunity in Texas

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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.

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