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$432,000

NAL Estimated Property Value

2531 Shoreline Dr, Sherman, TX, 75092

$459,976 ARVInfo
Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths3,456 Sq Ft
price_per_sqft$86.52 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesOther
FlooringCarpet, Tile

Exterior

Lot Size24,960 sqft

Building Information

Year Built1970
Garage Spaces3

Land Information

APNS013 2249037
Lot Number6
SubdivisionTurtle Creek N Addn Sec 2
Land UseResidential
Legal DescriptionTURTLE CREEK N ADDN SEC 2, BLOCK 4, LOT 6, ACRES .573
Census Tract000904
Assessed Land Value$96,850
Assessed Improvement Value$329,392
Assessment Year2025

About this property

Welcome to 2531 Shoreline Dr in Sherman, TX. Tucked away on an oversized .573 acre lot in the established Turtle Creek neighborhood, this one of a kind property offers character, space, and incredible water views that are hard to find in Sherman. Backing directly to a pond, the backyard setting is truly special. Large windows throughout the home bring in natural light and showcase the peaceful views from inside the house as well. Inside, the home offers approximately 2,976 sqft plus an additional 480 sqft detached apartment, creating a flexible layout with endless possibilities for guests, extended family, office space, hobbies, or rental potential. The main home features 4 bedrooms and 3 bathrooms, while the detached apartment includes its own half bath. From the moment you walk in, the home has a unique retro feel and architectural character that stands out from typical homes in the area. A dramatic spiral staircase greets you at the entry, while soaring windows stretching to the second story create an open and inviting atmosphere. Priced aggressively and sold as is, this property presents a rare opportunity for buyers to update a home with great bones, a huge lot, incredible views, and substantial upside potential in a highly desirable neighborhood. If you’ve been searching for a property with character, privacy, water views, and long term potential, 2531 Shoreline Dr deserves a closer look. Schedule your viewing today.

Investor Tools

Property Icon
$432,000
Estimated Property Value
$277,988Estimated Mortgage Balance
$154,012Estimated Equity
35% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$459,975
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,592 /month
Positive
Cash Flow Estimate:
$864 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$354/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,086
$365,964
2025
$96,850
$329,392
$426,242
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,086
$365,964

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Reverse Mortgage Funding Llc
Reverse Mortgage / Hecm
$337,500
No
First
Dec 14, 2016
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$277,988
$154,012
35%
64%
$1,816/mo

City: Sherman

2531 Shoreline Dr | Property Details | No Agent List