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$183,814

1611 N Alexander St, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,332 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$112.61 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater
FlooringCarpet, Laminate, Linoleum

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size7,649 sqft

Building Information

Year Built1960
Roof Type109
Garage Spaces1

Land Information

APNS024 2216060
SubdivisionShannon W M Supplement
Land UseResidential
Legal DescriptionSHANNON W M SUPPLEMENT, BLOCK 4, LOT S PT 4 & SW PT 3, ACRES .1756
Census Tract001200
Assessed Land Value$65,408
Assessed Improvement Value$118,406
Assessment Year2025

About this property

This house is perfect for a first time home buyer with some updating skills! It has great BONES and CHARM! You could move in immediately and put your touch on it a little at a time or make some updates first. A little paint and new flooring (or uncovering the hardwood floors under most of the carpet!) will transform it into a perfect HOME for your family! It has original wood molding and cabinets. 3 bedrooms and 2 and a half bathrooms. Primary has an ensuite with a walk-in closet. There are several Pocket doors throughout for saved space and extra charm! The living room and family room have large windows that let in great light! The house has good curb appeal and with a few flowers and a little tree trimming could be beautiful! The back yard is very large with lots of possibilities! An interesting fact is that it has an oven in the garage! When the house was built they did not have Central air so they put it out there to keep from heating up the house when they cooked! It's always great to have an extra oven no matter where it is! It is close to main roads leading to shopping, restaurants, schools, churches, grocery stores, Hwy 75 and Hwy 82. Wonderful, established neighborhood! Go check it out!

Investor Tools

Property Icon
$183,814
Estimated Property Value
$0Estimated Mortgage Balance
$183,814Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,103 /month
Positive
Cash Flow Estimate:
$368 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$360/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,396
$183,814
2025
$65,408
$118,406
$183,814
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,396
$183,814

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$183,814
100%
0%
$0/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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1611 N Alexander St | Property Details | No Agent List