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$950,000

1316 Tate Cir, Sherman, TX, 75090

Under ContractInfo
Beds5 Beds
Baths3 Bath
Baths3,497 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$271.66 / sqft
Year BuiltBuilt in 1989

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater
FlooringVinyl

Exterior

Lot Size10.30 acres

Building Information

Year Built1989
Roof Type115
Garage Spaces2

Land Information

APN224 1217005
SubdivisionTucker H H A-G1217
Land UseResidential
Legal DescriptionG-1217 TUCKER H H A-G1217, ACRES 10.3
Census Tract001801
Assessed Land Value$13,710
Assessed Improvement Value$535,618
Assessment Year2025

About this property

Perched atop 10.3 ag-exempt acres, this beautifully updated ranch-style home offers what may be the most breathtaking views in Grayson County. From the expansive back porch, take in sweeping vistas of your stocked pond, rolling pasture, the Sherman and Denison skylines, and all the way to Lake Texoma. This is North Texas country living at its finest. Designed with both everyday living and entertaining in mind, the thoughtfully designed floor plan centers around a stunning kitchen that seamlessly connects to the dining area, main living room, bar, and second living space, creating the perfect gathering place for family and friends. The spacious primary suite is privately situated away from the secondary bedrooms and serves as a true retreat, complete with a wood-burning fireplace, luxurious ensuite bathroom with high-end finishes, and an oversized walk-in closet. Offering 5 bedrooms and 3.5 bathrooms, there's room for everyone. A storm cellar and safe room located within the second living area provide added peace of mind. Outside, the property is fully fenced and currently ag exempt for livestock, making it ideal for hobby farming, horses, or simply enjoying wide open spaces. Additional improvements include a two-car attached garage, storage and equipment shed, and a stocked pond that enhances both the beauty and functionality of the land. One of the home's most valuable features is the owned solar energy system, which conveys free and clear to the new owner, providing long-term energy savings without the burden of assuming a lease or loan. Properties that combine updated living spaces, usable acreage, stunning panoramic views, and modern energy efficiency are exceptionally rare. This is a unique opportunity to own one of Grayson County's premier country properties while remaining just minutes from Sherman, Denison, Highway 75, and the rapidly growing Texoma region.

Investor Tools

$534,011Estimated Mortgage Balance
$240,103Estimated Equity
24% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,700 /month
Positive
Cash Flow Estimate:
$1,900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$800/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,738
$549,328
2025
$13,710
$535,618
$999,118
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,738
$549,328

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Conventional
$414,000
No
First
May 18, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$534,011
$177,989
24%
69%
$3,563/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: Sherman

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