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$320,000

NAL Estimated Property Value

2129 Gabriel Drive, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,645 Sq Ft
price_per_sqft$205.41 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size9,191 sqft

Building Information

Garage Spaces2

Land Information

APN154 8367004
Lot Number10
SubdivisionWashington Meadows Phase Two
Land UseResidential
Legal DescriptionWASHINGTON MEADOWS PHASE TWO, BLOCK D, LOT 10, ACRES .211
Census Tract001300
Assessed Land Value$45,347
Assessment Year2025

About this property

Make Washington Meadows your next home; located on the west side of Sherman with great access on FM1417 (Heritage Pkwy). This neighborhood provides easy access to US75 for quick commuting. Enjoy the great schools of Sherman ISD with elementary, middle, and high school all within a 15 minute drive. Great open floor plan with fireplace and dedicated dining area. Built to Wyldewood Homes standards, this home includes crown molding, built-in shelving in all closets, garage door opener and remotes, ceiling fans in all bedrooms, internet and cable hook ups in all bedrooms, under mount kitchen lighting and blinds throughout. The spacious master bathroom includes a soaker garden tub and separate walk-in shower with floor to ceiling tile. Landscaping includes full sod front and back, tree and flower bed in the front yard, and full privacy fence around the property. No HOA!!!

Investor Tools

Property Icon
$320,000
Estimated Property Value
$234,025Estimated Mortgage Balance
$85,975Estimated Equity
26% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,027 /month
Positive
Cash Flow Estimate:
$676 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$251/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,410
$45,347
2025
$45,347
N/A
$45,347
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,410
$45,347

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Ameristate Bank
Building Or Construction Loan
$238,950
No
First
Mar 21, 2025
Mar 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$234,025
$85,975
26%
73%
$1,433/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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2129 Gabriel Drive | Property Details | No Agent List