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$262,000

NAL Estimated Property Value

1402 N Ricketts St, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,830 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$95.08 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesNone

Exterior

Lot Size16,230 sqft

Building Information

Year Built1954
Roof Type109
Garage Spaces2

Land Information

APNS024 2201037
Lot Number23
SubdivisionRidglea Addn
Land UseResidential
Legal DescriptionRIDGLEA ADDN, BLOCK 2, LOT 23, ACRES .3726
Census Tract001200
Assessed Land Value$81,150
Assessed Improvement Value$92,850
Assessment Year2025

About this property

This four-bedroom, two-bath residence is situated on a spacious oversized fenced in corner lot, offering both privacy and ample outdoor space for children and pets to play. Located within walking distance of Fairview Park. Fourth room was used as a bedroom previously but could easily be an extra living, dining or bonus room or kept as a fourth when closed in. While it may need a little TLC, its fantastic location and potential make it a wonderful opportunity to create your next home or investment property. Don't miss out on this West side home in the fast growing Sherman community.

Investor Tools

Property Icon
$262,000
Estimated Property Value
$0Estimated Mortgage Balance
$262,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,572 /month
Positive
Cash Flow Estimate:
$524 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$515/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,869
$174,000
2025
$81,150
$92,850
$174,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,869
$174,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$265,000
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.

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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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1402 N Ricketts St | Property Details | No Agent List