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$197,000

NAL Estimated Property Value

2321 N Shannon St, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,520 Sq Ft
price_per_sqft$130.92 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesDishwasher, Gas Cooktop
FlooringVinyl

Exterior

Lot Size6,817 sqft

Building Information

Year Built1955

Land Information

APNS017 2235012
Lot Number12
SubdivisionSwanner Addn
Land UseResidential
Legal DescriptionSWANNER ADDN, LOT 12, ACRES .1565
Census Tract001200
Assessed Land Value$61,539
Assessed Improvement Value$119,035
Assessment Year2025

About this property

Centrally located in the heart of Sherman, this property offers convenience and opportunity! Just a short drive from popular restaurants, Fairview Park, and Cinemark Theatres, this home sits in a prime spot for easy living and entertainment. Perfect for a first-time homebuyer or investor looking to add to their portfolio. A tenant currently occupies the property, call today for details or to schedule a showing!

Investor Tools

Property Icon
$197,000
Estimated Property Value
$0Estimated Mortgage Balance
$197,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,194 /month
Positive
Cash Flow Estimate:
$398 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$445/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,354
$180,574
2025
$61,539
$119,035
$180,574
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,354
$180,574

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$197,000
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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2321 N Shannon St | Property Details | No Agent List