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$198,000

NAL Estimated Property Value

1807 W Washington St, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,014 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.38 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Range, Microwave

Exterior

Lot Size8,150 sqft

Building Information

Year Built1956
Roof Type106
Garage Spaces1

Land Information

APNS028 2257012
Lot Number12
SubdivisionWashington Park Addn
Land UseResidential
Legal DescriptionWASHINGTON PARK ADDN, BLOCK A, LOT 12, ACRES .1871
Census Tract001200
Assessed Land Value$58,604
Assessed Improvement Value$127,458
Assessment Year2025

About this property

Remodeled throughout. Newer flooring, appliances, cabinets, countertops, lighting, faucets, HVAC unit, water heater, garage door and remote, roof, etc. Nice, open floor plan. Huge backyard.

Investor Tools

Property Icon
$198,000
Estimated Property Value
$50,603Estimated Mortgage Balance
$147,397Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,188 /month
Positive
Cash Flow Estimate:
$396 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$397/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,772
$186,062
2025
$58,604
$127,458
$186,062
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,772
$186,062

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mathew Idichandy
Unknown
$55,000
No
First
Feb 4, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$50,603
$147,397
74%
26%
$330/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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1807 W Washington St | Property Details | No Agent List