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$314,341

NAL Estimated Property Value

1609 Sherman St, Corpus Christi, TX, 78416

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths1,874 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$96.91 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1

Exterior

Lot Size5,358 sqft

Building Information

Year Built1956
Stories2
Roof Type105

Land Information

APN1585-0004-0420
Lot Number42
SubdivisionChula Vista
Land UseResidential
Legal DescriptionCHULA VISTA BLK 4 LOT 42
Census Tract001801
Assessed Land Value$16,041
Assessed Improvement Value$298,300
Assessment Year2025

About this property

HUD owned property. Case #514-293933. HUD properties are sold "As-Is". Broker must be registered with HUD to sell property. No repairs or alterations until after closing & funding. Welcome to a beautifully designed home, ideal for those seeking both comfort and convenience, nestled near shopping, entertainment, and business hubs. The primary bedroom, complete with a private bath, is conveniently located on the first floor, along with a second bedroom and a half bath—perfect for hosting guests or enjoying single-level living. Upstairs, you’ll find additional spacious bedrooms, each with walk-in closets, plus a versatile loft area that can easily serve as a home office, library, or creative space. This property offers secured parking behind the gate, great for parking recreational vehicles. The backyard has a storage shed for extra convenience.

Investor Tools

Property Icon
$314,341
Estimated Property Value
$179,825Estimated Mortgage Balance
$134,516Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,886 /month
Positive
Cash Flow Estimate:
$629 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$512/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,577
$314,341
2025
$16,041
$298,300
$314,341
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,577
$314,341

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
United Wholesale Mortgage
Fha
$183,048
Yes
First
Apr 25, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$179,825
$134,516
42%
57%
$1,098/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: Corpus Christi

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1609 Sherman St | Property Details | No Agent List