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$168,000

NAL Estimated Property Value

220 E Lake St, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,238 Sq Ft
DuplexDuplex
price_per_sqft$1.21 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size7,301 sqft

Building Information

Year Built1940
Garage Spaces2

Land Information

APNS052 2221005
SubdivisionSouthside Addn
Land UseResidential
Legal DescriptionSOUTHSIDE ADDN, BLOCK 2, LOT W 73' 1 & 2, ACRES 0.1676
Census Tract002000
Assessed Land Value$60,152
Assessed Improvement Value$51,380
Assessment Year2025

About this property

Welcome to this delightful duplex in Sherman, boasting both style and functionality. The property features a convenient one-car front garage accompanied by an extended driveway, providing ample parking space for multiple vehicles. Step inside to discover a cozy and well-sized living room on the first floor, seamlessly connecting to the eat-in breakfast nook. The kitchen is a standout, showcasing granite countertops, a raised breakfast bar, and stainless steel appliances, including an electric cooktop, dishwasher, oven, and microwave. Upstairs, you’ll find the private living quarters, including a spacious primary suite with an en-suite bathroom. Two additional guest bedrooms are also generously sized, perfect for family or visitors. Additional features include granite countertops in all bathrooms and a convenient half-bath on the main floor for guests. The backyard is spacious, offering an open patio that’s ideal for BBQs and outdoor gatherings.

Investor Tools

Property Icon
$168,000
Estimated Property Value
$12,268Estimated Mortgage Balance
$155,732Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,008 /month
Positive
Cash Flow Estimate:
$336 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$274/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,452
$111,532
2025
$60,152
$51,380
$111,532
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,452
$111,532

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
S & D Properties
Seller Carryback / Seller Financing / Seller Take-Back
$20,000
No
First
May 11, 2010
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$12,268
$155,732
92%
7%
$120/mo

City: Sherman

220 E Lake St | Property Details | No Agent List