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$257,000

NAL Estimated Property Value

1601 N Binkley St, Sherman, TX, 75092

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,162 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$57.77 / sqft
Year BuiltBuilt in 1954

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Electric Range
FlooringCarpet, Ceramic Tile, Laminate, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size6,765 sqft

Building Information

Year Built1954
Roof Type109
Garage Spaces4

Land Information

APNS024 2153001
Lot Number7
SubdivisionMaxeys 4th Addn Blks 4,K,L
Land UseResidential
Legal DescriptionMAXEYS 4TH ADDN BLKS 4,K,L, BLOCK J, LOT 7, ACRES .1553
Census Tract001200
Assessed Land Value$61,291
Assessed Improvement Value$182,566
Assessment Year2025

About this property

This adorable home situated on a beautiful corner lot has so much potential! The kitchen and bathrooms have been updated, home features a huge heated room in the back that could be a second living area or game room, and an additional room that could be used as a playroom or home office. Plenty of parking in the back with 3 carport spaces and a single car garage that could be used for storage as well. Roof was just replaced a little over a year ago. Enjoy being able to sit on your covered front porch and be able to walk to Fairview Park!

Investor Tools

Property Icon
$257,000
Estimated Property Value
$104,264Estimated Mortgage Balance
$152,736Estimated Equity
59% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,542 /month
Positive
Cash Flow Estimate:
$514 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$404/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,568
$243,857
2025
$61,291
$182,566
$243,857
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,568
$243,857

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Conventional
$121,153
No
First
May 13, 2019
Jun 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$104,264
$152,736
59%
41%
$727/mo

City: Sherman

1601 N Binkley St | Property Details | No Agent List