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A+
NoAgentList RatingHow are grades calculated? Info

$161,000

2370 State Highway 289, Sherman, TX, 75092

$209,300 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,660 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$96.99 / sqft
Year BuiltBuilt in 1971

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesElectric Cooktop
FlooringCarpet

Exterior

Lot Size38,768 sqft

Building Information

Year Built1971
Garage Spaces2

Land Information

APN179 0717013
SubdivisionLovejoy J L A-G0717
Land UseResidential
Legal DescriptionG-0717 LOVEJOY J L A-G0717, ACRES .89
Census Tract001901
Assessed Land Value$85,290
Assessed Improvement Value$173,342
Assessment Year2025

About this property

Great 3 Bedroom 2 bath home w 2 car garage on slightly less than an acre. Room to play and have fun!. Galley kitchen with eat in breakfast area that over looks family room. 2 bedroom split provides great layout for those holiday guests. This opportunity will not sit on market long and presents itself with an opportunity to buy ahead of the growth and to won a piece of property on 289. County said it is not in zoning regulated area as far as commercial zoning.

Investor Tools

Property Icon
$349,000
Estimated Property Value
$156,750Estimated Mortgage Balance
$210,593Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$209,300
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$473/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,932
$258,632
2025
$85,290
$173,342
$258,632
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,932
$258,632

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Infinity Mortgage Holdings Llc
Conventional
$156,750
No
First
May 19, 2020
Jun 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$138,407
$210,593
60%
40%
$940/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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2370 State Highway 289 | Property Details | No Agent List