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Days29Days on Market
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$149,500

2217 Norwood Street, Sherman, TX, 75092

On MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.55 acres

Land Information

APN137 7569005
Lot Number5
SubdivisionOaks Of Norwood
Land UseResidential
Legal DescriptionOAKS OF NORWOOD, LOT 5, ACRES 1.55
Census Tract001101
Assessed Land Value$183,649
Assessment Year2025

About this property

Located in one of Sherman’s most established and desirable neighborhoods, this spacious 1.55-acre corner lot offers an exceptional opportunity to build a custom single-family home with room to breathe. The property provides a peaceful residential setting while remaining just minutes from shopping, medical offices, and everyday conveniences. Families will love the proximity to a scenic waterfront park featuring two playgrounds, an open-air amphitheater, and fishing areas—perfect for weekend outings and outdoor fun. Situated just minutes from the Heritage Ranch master-planned community, which will include a new elementary school, retail and entertainment options, and a $400 million acute care hospital set to break ground in 2026. With generous space for a backyard oasis, guest house, or even a workshop, this property offers the flexibility to create a home that fits your lifestyle today and grows with your family tomorrow. It’s a rare chance to enjoy the charm of an established neighborhood while investing in Sherman’s exciting future growth.

Investor Tools

$0Estimated Mortgage Balance
$183,649Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,102 /month
Positive
Cash Flow Estimate:
$367 /month

Interested in this property?

Amber Carter

Butch Fife, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$377/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,609
$183,649
2025
$183,649
N/A
$183,649
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,609
$183,649

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$183,649
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.

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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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