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$575,000

NAL Estimated Property Value

2242 Old Southmayd Road, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,144 Sq Ft
price_per_sqft$151.59 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesBuilt-In Gas Range, Dishwasher, Gas Cooktop, Gas Oven, Gas Range, Microwave, Plumbed For Ice Maker
FlooringConcrete, Wood, Vinyl

Exterior

Exterior FeaturesRain Gutters
Lot Size1.08 acres

Building Information

Year Built1985
Garage Spaces4

Land Information

APN133 8650002
Lot Number2
SubdivisionHyde Swiler Addn
Land UseResidential
Legal DescriptionHYDE SWILER ADDN, LOT 2, ACRES 1.08
Census Tract001101
Assessed Land Value$78,840
Assessed Improvement Value$317,918
Assessment Year2025

About this property

**ALL OFFERS ARE DUE BY 7:00PM WEDNESDAY MARCH 8TH** Beautiful home on 1 acre. This picturesque property has beautiful views and borders on a beautiful pond. 3 bed 2 baths plus study. Master is huge with large closets and bath. Master has its own laundry room. Kitchen was recently remodeled. Custom beautiful cabinets, farm sink, gas range, granite countertops, tons of storage and 2 pantries. All the baths are updated. That master bedroom is exceptionally large with large closets and bathroom. The master even has it's own laundry room. There are 2 laundry rooms in this home. Hardwood floors throughout most of the home. Master bedroom has stained concrete flooring. This home has an attached garage as well as an attached carport. There is a small barn and a working well. This property is on rural water and electric. No natural gas, but has propane. Property is fenced.

Investor Tools

Property Icon
$575,000
Estimated Property Value
$0Estimated Mortgage Balance
$575,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,450 /month
Positive
Cash Flow Estimate:
$1,150 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$240/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$396,758
2025
$78,840
$317,918
$396,758
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$396,758

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$575,000
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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