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$1,125,000

2214 Norwood Street, Sherman, TX, 75092

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,924 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$286.7 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

High Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Dryer, Gas Cooktop, Gas Water Heater, Microwave, Refrigerator, Tankless Water Heater
FlooringCarpet, Hardwood, Tile

Exterior

Lot Size1.27 acres

Building Information

Year Built2022
Garage Spaces7

Land Information

APN137 7482004
Lot Number4
SubdivisionNorwood Addn
Land UseResidential
Legal DescriptionNORWOOD ADDN, LOT 4, ACRES 1.275
Census Tract001101
Assessed Land Value$118,298
Assessed Improvement Value$626,522
Assessment Year2025

About this property

Situated on over an acre in one of West Sherman’s most desirable areas, this custom home offers over 4,600 sq ft of combined living space between the main residence and a fully finished guest quarters—all with no HOA. The main home features 4 bedrooms, 3 bathrooms, and a spacious, thoughtfully designed layout. Inside the main home, enjoy a dedicated office, large game room, and a luxurious master suite featuring dual closets and a stunning bathroom with heated floors. This house offers high-end finishes including quartz countertops, custom shutters, automatic window shades, and smart switches to easily control lights and fans from your smartphone. Built with efficiency in mind: spray foam insulation, solar screens, high SEER HVAC, tankless water heater, and fiber optic internet. The oversized 3-car garage includes a 220 plug for your electric vehicles. Out back, enjoy the fully finished guest quarters offering nearly 700 sq ft of additional flexible living space, complete with a full bathroom, bar sink, ice machine, and a convenient pull-down Murphy bed—perfect for guests, private living, or entertaining. OVER 1,000 sq ft of garage and shop space providing ample room for hobbies, storage, or a home workshop. The large fenced back yard offers plenty of room to add a pool, outdoor living area, the possibilities are endless. Enjoy the short walk to Pecan Grove Lake, Park, baseball and soccer fields. This one-of-a-kind custom home is packed with upgrades, space, and flexibility. Come make it yours.

Investor Tools

$498,294Estimated Mortgage Balance
$639,706Estimated Equity
56% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,828 /month
Positive
Cash Flow Estimate:
$2,276 /month

Interested in this property?

Kaylee Wood

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,533/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,711
$744,820
2025
$118,298
$626,522
$744,820
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,711
$744,820

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$535,700
No
First
Sep 2, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$498,294
$639,706
56%
44%
$3,212/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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