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$273,000

208 W Mclain Dr, Sherman, TX, 75092

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,713 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$145.94 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Gas Water Heater
FlooringCarpet, Laminate

Exterior

Exterior FeaturesAwning(s), Rain Gutters, Storage
Lot Size25,091 sqft

Building Information

Year Built1926
Garage Spaces8

Land Information

APNS017 2813001
Lot Number1
SubdivisionPolani Addition Pt Lt 1 Beall & Stanley
Land UseReal-Residential Single Family & Condos W/Lan
Legal DescriptionPOLANI ADDITION PT LT 1 BEALL & STANLEY & PT J B MCANAIR, LOT 1, ACRES .576
Census Tract001200
Assessed Land Value$57,457
Assessed Improvement Value$150,851
Assessment Year2025

About this property

This property has been in the family for almost 100 years. The .8 ac is PERFECT for trailers, lawn equipment, boat-rv storage. If you have a business and need some easy to park room for vehicles and equipment, this property is for you. Take a look at the photos or do a drive by to see for yourself how versatile this property truly is! The home has several add-ons. It has 4 extra-large bedrooms and 2 full baths. The eat-in kitchen is good sized. Be sure to notice the oversized living area and cozy fireplace. When you visit the home and property, you will see a number of trailers and other equipment. Most of these items are for sale. So, make a list of all the things you want.

Investor Tools

Property Icon
$273,000
Estimated Property Value
$0Estimated Mortgage Balance
$273,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,638 /month
Positive
Cash Flow Estimate:
$546 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$579/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,583
$208,308
2025
$57,457
$150,851
$208,308
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,583
$208,308

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$273,000
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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208 W Mclain Dr | Property Details | No Agent List