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$249,000

1402 E Pacific St, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,408 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$176.85 / sqft
Year BuiltBuilt in 1930

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
FlooringCeramic Tile, Vinyl, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size10,001 sqft

Building Information

Year Built1930

Land Information

APNS032 2055102
Lot Number1,2
SubdivisionCollege Park Addn
Land UseResidential
Legal DescriptionCOLLEGE PARK ADDN, BLOCK 18, LOT PT 1 & 2, ACRES .2296
Census Tract001400
Assessed Land Value$59,000
Assessed Improvement Value$151,328
Assessment Year2025

About this property

This newly remodeled 1930 cottage style home brings character and charm to the Austin College neighborhood. The front door opens upon a large living and dining room with a long hallway extending to the three bedrooms. The house has original wood flooring with tile and vinyl flooring in bathrooms. The kitchen and both bathrooms have been updated with granite countertops and stainless steel appliances. The private fenced in backyard with patio is specially designed for entertaining. It is a great rental property for college students or a family and this property has remained rented non-stop. The house is fully furnished and the furnishings are available for sale. Exterior detached shed is 17x10 with attached utility room 17 x 9 with a mini split air conditioning and heating unit.

Investor Tools

Property Icon
$210,328
Estimated Property Value
$216,015Estimated Mortgage Balance
$0Estimated Equity
-3% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,494 /month
Positive
Cash Flow Estimate:
$498 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$405/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,813
$210,328
2025
$59,000
$151,328
$210,328
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,813
$210,328

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Click N Close Inc
Fha
$216,015
Yes
First
Dec 20, 2023
Jan 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$217,074
N/A
0%
103%
$1,362/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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