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$639,322

NAL Estimated Property Value

1313 W Washington Street, Sherman, TX, 75092

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths4,095 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$122.08 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Double Oven, Electric Oven, Gas Cooktop, Microwave, Plumbed For Ice Maker, Gas Water Heater
FlooringCeramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size24,568 sqft

Building Information

Year Built1954
Roof Type127
Garage Spaces2

Land Information

APNS028 0763280
SubdivisionMcanair J B
Land UseResidential
Legal DescriptionG-0763 MCANAIR J B, ACRES .564
Census Tract001300
Assessed Land Value$97,289
Assessed Improvement Value$542,033
Assessment Year2025

About this property

Impeccably updated Donald Mayes home in West Sherman. Upon entering the front door you know this is one of a kind! A 1950's sprawling ranch with updated kitchen, bathrooms, bedrooms. Inside and out, this house has been transformed with 4100 sf of living space, 4 bedrooms, plus a detached efficiency apartment that would be perfect for college student or mother-in-law. Backyard features a massive deck for entertaining as well as a recently remodeled in-ground gunite pool. Come see this classic beauty before it's gone!

Investor Tools

Property Icon
$639,322
Estimated Property Value
$334,514Estimated Mortgage Balance
$304,808Estimated Equity
47% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,836 /month
Positive
Cash Flow Estimate:
$1,279 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,285/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,225
$639,322
2025
$97,289
$542,033
$639,322
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,225
$639,322

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Bancorp Bank
Unknown
$375,000
No
First
Oct 9, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$334,514
$304,808
47%
52%
$2,249/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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1313 W Washington Street | Property Details | No Agent List