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$699,999

1316 Preston Drive, Sherman, TX, 75092

PendingInfo
Beds3 Beds
Baths4 Bath
Baths3,179 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$220.19 / sqft
Year BuiltBuilt in 1935

Property Lead Type:

Off-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 4Bathrooms 4
Garage AvailableGarage Available
AppliancesRefrigerator, Built-In Gas Range, Built-In Refrigerator, Dishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Vented Exhaust Fan
FlooringHardwood, Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Other
Lot Size20,700 sqft

Building Information

Year Built1935
Garage Spaces2

Land Information

APNS029 0763289
SubdivisionMcanair J B
Land UseResidential
Legal DescriptionG-0763 MCANAIR J B, ACRES .4752, 100X207 100X207
Census Tract001200
Assessed Land Value$88,182
Assessed Improvement Value$707,682
Assessment Year2025

About this property

Calling all vintage home lovers... you will fall in love with this absolutely gorgeous colonial-style brick home in the heart of west Sherman's historic home district! This gem has been impeccably maintained and is truly one of a kind. Original architecture throughout the home including hardwood and brick floors. Step inside to traditional entryway with formal living area and formal dining area on either side, with large traditional-style windows to let in natural sunlight. French doors lead out to shaded patio overlooking the park-like backyard with running creek through the back. Kitchen features updated stainless steel appliances and functional butler's pantry between dining and kitchen with plenty of storage. Quaint reading room adjacent to kitchen is the perfect spot to relax. Head back to the large library and study room with cypress wood paneling, cozy brick fireplace and direct access to backyard. All three bedrooms are upstairs; two of which have an ensuite full bath, and upstairs hallway hosts the third full bathroom. This home has been so beautifully preserved and loved, and is ready for new owners to call this historic home their own.

Investor Tools

$0Estimated Mortgage Balance
$693,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,200 /month
Positive
Cash Flow Estimate:
$1,400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$384/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,145
$417,386
2025
$88,182
$707,682
$795,864
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,145
$417,386

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$693,000
100%
0%
$0/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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1316 Preston Drive | Property Details | No Agent List