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$280,000

NAL Estimated Property Value

1511 N Alexander Street, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,414 Sq Ft
price_per_sqft$199.79 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating Floor/WallHeating Floor/Wall
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater, Microwave, Refrigerator
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Lot Size6,255 sqft

Building Information

Year Built1950
Roof Type109
Garage Spaces2

Land Information

APNS024 2169010
Lot Number0,1
SubdivisionMulkeys Addn(Rplt Shannon)
Land UseResidential
Legal DescriptionMULKEYS ADDN(RPLT SHANNON), BLOCK 2, LOT N 55' 10 11, ACRES .1436
Census Tract001200
Assessed Land Value$58,371
Assessed Improvement Value$171,197
Assessment Year2025

About this property

Welcome to 1511 N Alexander St in Sherman, TX an absolutely adorable three bedroom, two bath home packed with charm and outdoor fun! Offering 1,414 sq ft, this home features tasteful kitchen updates that make the heart of the home both stylish and functional. Step outside and you’ll find a backyard that truly feels like your own private retreat. Enjoy the in-ground pool, multiple side porch hangout spaces perfect for entertaining or relaxing, and a versatile one car garage that could serve as a garage, pool house, workshop, or ultimate man cave. Plus, there’s even a small putting green to sharpen your golf game right at home. This one has personality, comfort, and the kind of backyard buyers dream about!

Investor Tools

Property Icon
$280,000
Estimated Property Value
$173,991Estimated Mortgage Balance
$106,009Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,695 /month
Positive
Cash Flow Estimate:
$565 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$443/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,914
$229,568
2025
$58,371
$171,197
$229,568
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,914
$229,568

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerisave Mortgage Corp
Conventional
$188,415
No
First
Apr 25, 2022
May 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$173,991
$106,009
37%
62%
$1,130/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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