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$195,000

221 N McKown Avenue, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,240 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$157.26 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesElectric Range, Gas Range, Gas Water Heater
FlooringCarpet, Hardwood, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size10,799 sqft

Building Information

Year Built1950
Stories2
Garage Spaces1

Land Information

APNS035 2102046
Lot Number1
SubdivisionGreenmount 1st Addn
Land UseResidential
Legal DescriptionGREENMOUNT 1ST ADDN, BLOCK 6, LOT 1, N 25FT 3, 75X144, ACRES 0.2479 75X144
Census Tract001300
Assessed Land Value$72,900
Assessed Improvement Value$102,561
Assessment Year2025

About this property

LOOKING FOR UNIQUE? Found it! Mid Century one and one half story home is located two blocks from Wilson N Jones Hospital. Downstairs offers Two bedrooms, one Bath, Living Room, Dining Room, Kitchen. Upstairs is a One bedroom Efficiency with full Bathroom and full Kitchen Dining combo. This area would make a great Office, Hobby area, Media Room or your other family members or friends would love. Archway Entry, original Hardwood floors under carpet, original hardwood doors with glass doorknobs. So many charming features you need to see. All the additional storage downstairs and up will amaze you. The Bonus is the Sunroom with three sides of glass louvers. Perfect spot for your wicker furniture and beautiful plants. Oversized Corner lot. Detached one car garage could also be a great Workshop. Older storm cellar. Great Price, Great Location. A MUST SEE TODAY!

Investor Tools

Property Icon
$202,000
Estimated Property Value
$0Estimated Mortgage Balance
$202,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,212 /month
Positive
Cash Flow Estimate:
$404 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$290/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,468
$175,461
2025
$72,900
$102,561
$175,461
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,468
$175,461

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$202,000
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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221 N McKown Avenue | Property Details | No Agent List