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$232,000

NAL Estimated Property Value

121 E College Street, Sherman, TX, 75090

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,957 Sq Ft
price_per_sqft$109.86 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Plumbed For Ice Maker, Tankless Water Heater, Gas Water Heater
FlooringLaminate, Vinyl

Exterior

Lot Size7,100 sqft

Building Information

Year Built1935
Garage Spaces1

Land Information

APNS030 0763476
SubdivisionMcanair J B
Land UseResidential
Legal DescriptionG-0763 MCANAIR J B, ACRES .1630, 50 X 142 50 X 142
Census Tract002000
Assessed Land Value$56,729
Assessed Improvement Value$141,743
Assessment Year2025

About this property

Your new home awaits! This home has spacious bedrooms, updated fireplace, open living space to enjoy all your family gatherings! Conveniently located to HWY 75 and within walking distance of downtown. Primary bedroom has existing opportunity for additional powder room. This home also has features such as alarm system, fenced in yard, and tankless water heater. This property is being sold jointly with neighboring properties , and commercial property Take a tour today!

Investor Tools

Property Icon
$232,000
Estimated Property Value
$145,627Estimated Mortgage Balance
$86,373Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,392 /month
Positive
Cash Flow Estimate:
$464 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$450/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,243
$198,472
2025
$56,729
$141,743
$198,472
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,243
$198,472

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Bank And Trust Co
Commercial
$156,000
No
First
Oct 4, 2022
Oct 2027

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$145,627
$86,373
37%
63%
$936/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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121 E College Street | Property Details | No Agent List