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$147,000

NAL Estimated Property Value

1502 S Rusk St, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths898 Sq Ft
price_per_sqft$110.24 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesGas Oven
FlooringVinyl

Exterior

Lot Size8,250 sqft

Building Information

Year Built1955
Garage Spaces1

Land Information

APNS052 2156005
Lot Number1
SubdivisionMayhew Supplement
Land UseResidential
Legal DescriptionMAYHEW SUPPLEMENT, BLOCK 2, LOT 1, ACRES 0.1894
Census Tract001700
Assessed Land Value$63,608
Assessed Improvement Value$75,831
Assessment Year2025

About this property

Charming Sherman Home – A Blank Canvas Ready for Your Personal Touch Welcome to 1502 S Rusk Street, a 3-bedroom, 1-bath home offering just over 800 square feet of opportunity in the heart of Sherman, Texas. This home features a practical layout with a spacious living area, eat-in kitchen, and three well-sized bedrooms—providing a solid foundation to make it your own. Currently tenant-occupied, this home is waiting for a fresh update and your unique vision. Whether you're looking for a personal project or your next place to call home, this property offers endless potential. Located on a quiet street with easy access to local schools, parks, and downtown Sherman, this home combines convenience with opportunity. Schedule your showing today and explore the possibilities at 1502 S Rusk Street!

Investor Tools

Property Icon
$147,000
Estimated Property Value
$140,751Estimated Mortgage Balance
$6,249Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$882 /month
Positive
Cash Flow Estimate:
$294 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$220/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$130,494
2025
$63,608
$75,831
$139,439
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$130,494

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ameristate Bank
Commercial
$148,437
No
First
Jul 11, 2023
Jul 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$140,751
$6,249
4%
96%
$890/mo

City: Sherman

1502 S Rusk St | Property Details | No Agent List