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$176,000

NAL Estimated Property Value

1622 N Ricketts St, Sherman, TX, 75092

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths870 Sq Ft
price_per_sqft$229.89 / sqft
Year BuiltBuilt in 1948

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Gas Range, Microwave
FlooringWood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,250 sqft

Building Information

Year Built1948
Roof Type109
Garage Spaces1

Land Information

APNS024 2150015
Lot Number2
SubdivisionMaxeys 2nd Addn
Land UseResidential
Legal DescriptionMAXEYS 2ND ADDN, BLOCK I, LOT 2, ACRES .1894
Census Tract001200
Assessed Land Value$66,743
Assessed Improvement Value$100,693
Assessment Year2025

About this property

Welcome to this delightful home nestled in the heart of Sherman. The interior features an updated kitchen with elegant quartz countertops and original hardwood floors that add character and warmth. There are two generously sized bedrooms with plenty of natural light and a recently installed roof (2023). Outside, you'll find a huge, well-maintained yard ideal for outdoor activities and gardening. The quaint front porch is perfect for relaxing and enjoying the neighborhood. Additionally, there's a she-shed with a window unit, providing a perfect retreat or workspace, and an attached garage for secure parking and additional storage space. Conveniently located near schools, parks, and shopping centers, this home offers easy access to major highways for commuting to nearby cities and a friendly, welcoming community atmosphere. Don’t miss the opportunity to make this lovely house your new home.

Investor Tools

Property Icon
$176,000
Estimated Property Value
$0Estimated Mortgage Balance
$176,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$142/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$826
$167,436
2025
$66,743
$100,693
$167,436
No

Tax History

Year
Tax Paid
Assessed Value
2024
$826
$167,436

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$176,000
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.

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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1622 N Ricketts St | Property Details | No Agent List