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$361,000

NAL Estimated Property Value

1505 Lakewood Drive, Sherman, TX, 75092

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,637 Sq Ft
price_per_sqft$90.63 / sqft
Year BuiltBuilt in 1966

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesElectric Cooktop, Electric Oven
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size14,606 sqft

Building Information

Year Built1966
Garage Spaces2

Land Information

APNS013 2248020
Lot Number20
SubdivisionTurtle Creek N Addn
Land UseResidential
Legal DescriptionTURTLE CREEK N ADDN, BLOCK 1, LOT 20, ACRES .3353
Census Tract000904
Assessed Land Value$61,047
Assessed Improvement Value$261,038
Assessment Year2025

About this property

Traditional two story home in established west Sherman neighborhood. 4 large bedrooms with the Master downstairs. Two living areas . One living area could be used as office . Rear attached 2 car garage and covered porch.Open backyard. Mature trees. Convenient location to schools, shopping, and major highways. Some updating needed. Great for large family.

Investor Tools

Property Icon
$361,000
Estimated Property Value
$155,109Estimated Mortgage Balance
$205,891Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,166 /month
Positive
Cash Flow Estimate:
$722 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$150/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$301,749
2025
$61,047
$261,038
$322,085
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$301,749

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$172,500
No
First
Feb 10, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$155,109
$205,891
57%
43%
$1,035/mo

City: Sherman