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$225,127

112 Pine Ridge Cir, Southmayd, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,369 Sq Ft
Mobile HomesMobile Homes
price_per_sqft$102.26 / sqft
Year BuiltBuilt in 1998

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Refrigerator
FlooringCarpet, Linoleum

Exterior

Lot Size28,009 sqft

Building Information

Year Built1998
Garage Spaces2

Land Information

APN157D6822019
Lot Number11
SubdivisionCountry Meadows Estates Sec 2
Land UseResidential
Legal DescriptionCOUNTRY MEADOWS ESTATES SEC 2, BLOCK 3, LOT 11, ACRES .643, MH LABEL# HWC0268631 / HWC0268632
Census Tract001101
Assessed Land Value$85,708
Assessed Improvement Value$139,419
Assessment Year2025

About this property

This home is for those who appreciate and desire the simple and quiet life of country living. More than a half acre to build yourself a self sustainable homestead. This home has upgraded appliances, and pex plumbing. A woodburning fireplace with a blower fan in the family room. Outside you have a blank canvass to add what suits your needs best. Chicken coupe, vegetable garden, and perhaps an above ground pool for the kids? The current owner says the neighbors are wonderful people. The shed on the property stays. The home is just five miles to downtown Sherman and just seven miles to all the big box stores. You are invited to schedule an appointment and bring the family out to take a look around. INVESTOR SPECIAL. The home needs a fresh remodel: new carpets, paint, air conditioning repair, and a good cleaning. Sold As Is No electricity, no water. Plenty of light but bring a flash light just in case.

Investor Tools

Property Icon
$225,127
Estimated Property Value
$215,033Estimated Mortgage Balance
$20,882Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,351 /month
Positive
Cash Flow Estimate:
$450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$375/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,371
$225,127
2025
$85,708
$139,419
$225,127
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,371
$225,127

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Fha
$215,033
Yes
First
Aug 30, 2023
Sep 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$204,245
$20,882
9%
91%
$1,290/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.

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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: Southmayd

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112 Pine Ridge Cir | Property Details | No Agent List