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$240,593

NAL Estimated Property Value

1124 Patricia Dr, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,889 Sq Ft
price_per_sqft$124.4 / sqft
Year BuiltBuilt in 1968

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven
FlooringCarpet, Laminate, Wood

Exterior

Lot Size8,133 sqft

Building Information

Year Built1968
Garage Spaces2

Land Information

APNS046 2041002
Lot Number1
SubdivisionCasa Linda 5th Addn Unit 1
Land UseResidential
Legal DescriptionCASA LINDA 5TH ADDN UNIT 1, BLOCK 2, LOT 1, ACRES .1867
Census Tract001500
Assessed Land Value$57,244
Assessed Improvement Value$183,349
Assessment Year2025

About this property

****Multiple offers received, please send highest and best by May 5th at 12:00pm. Welcome to 1124 Patricia, a spacious and energy-efficient 3-bedroom, 2-bathroom home nestled in the heart of Sherman. With 1,889 sq ft of living space, this property sits just steps from the nearly completed Crutchfield Elementary and right next to Hawn Park—perfect for families and outdoor lovers. Inside, you'll find a massive living area with large windows that flood the space with natural light. The recently installed wood privacy fence makes the backyard ideal for gatherings, playtime, or simply relaxing. And with solar panels already in place, you'll enjoy lower energy bills from day one. Don’t miss this rare mix of space, location, and smart upgrades—schedule your showing today!

Investor Tools

Property Icon
$240,593
Estimated Property Value
$229,787Estimated Mortgage Balance
$10,806Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,444 /month
Positive
Cash Flow Estimate:
$481 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$427/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,920
$240,593
2025
$57,244
$183,349
$240,593
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,920
$240,593

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$233,197
Yes
First
Jul 9, 2025
Aug 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$229,787
$10,806
4%
96%
$1,399/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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