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$172,000

NAL Estimated Property Value

1502 N Binkley St, Sherman, TX, 75092

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths876 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$136.87 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
Heating ElectricHeating Electric
AppliancesElectric Range, Microwave, Electric Water Heater
FlooringLaminate

Exterior

Exterior FeaturesRain Gutters
Lot Size8,760 sqft

Building Information

Year Built1954
Roof Type109
Garage Spaces1

Land Information

APNS024 2030020
Lot Number7
SubdivisionBucks Raymond E Addn
Land UseResidential
Legal DescriptionBUCKS RAYMOND E ADDN, BLOCK 2, LOT 7, ACRES .2011
Census Tract001200
Assessed Land Value$67,364
Assessed Improvement Value$91,503
Assessment Year2025

About this property

This home is a fantastic starter home or investment property! Recently remodeled and located just down the street from Fairview Park and Fairview Elementary. 2 Bedrooms and 1 bath with a huge fenced in backyard. There is a nice sized patio in the back for all your entertainment needs. The 1 car garage is to be accessed outside from the front and plenty of room for street parking. New AC unit and water heater installed in 2019.

Investor Tools

Property Icon
$172,000
Estimated Property Value
$86,250Estimated Mortgage Balance
$85,750Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,032 /month
Positive
Cash Flow Estimate:
$344 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$205/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,599
$158,867
2025
$67,364
$91,503
$158,867
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,599
$158,867

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of America Na
Conventional
$95,920
No
First
Feb 11, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$86,250
$85,750
49%
50%
$576/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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1502 N Binkley St | Property Details | No Agent List