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$202,940

1605 E Magnolia St, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,241 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$168.41 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Gas Water Heater, Microwave
FlooringTile

Exterior

Lot Size8,999 sqft

Building Information

Year Built1960
Garage Spaces1

Land Information

APNS043 2072004
Lot Number1
SubdivisionEast Park Addn
Land UseResidential
Legal DescriptionEAST PARK ADDN, BLOCK 1, LOT 1, ACRES .2066
Census Tract001500
Assessed Land Value$60,750
Assessed Improvement Value$142,190
Assessment Year2025

About this property

Move-in ready home with tons of updates to enjoy! This 3 Bedrooms and one full-bath home is located in the heart of Sherman within minutes of the Sherman airport, Austin College, parks, groceries, dining, entertainment, and shopping galore. This charming brick home has been recently remodeled, including a new HVAC system, new energy-efficient windows, fresh paint, new flooring throughout the house, new lights and plumbing fixtures, a new bathroom, and more. Most importantly, a brand-new kitchen with new appliances and custom cabinets for family dinners. In addition, there is a spacious backyard for outdoor activities. Be part of a historical town and make this your forever home. Schedule your private showing today.

Investor Tools

Property Icon
$202,940
Estimated Property Value
$195,395Estimated Mortgage Balance
$18,294Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,254 /month
Positive
Cash Flow Estimate:
$418 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$460/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,511
$202,940
2025
$60,750
$142,190
$202,940
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,511
$202,940

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Everett Financial Inc
Fha
$195,395
Yes
First
May 3, 2023
Jun 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$184,646
$18,294
9%
91%
$1,172/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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1605 E Magnolia St | Property Details | No Agent List