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$278,000

NAL Estimated Property Value

3000 Mimosa Dr, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,782 Sq Ft
price_per_sqft$165.54 / sqft
Year BuiltBuilt in 1973

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Vented Exhaust Fan
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size9,749 sqft

Building Information

Year Built1973
Garage Spaces2

Land Information

APNS006 2011006
Lot Number14
SubdivisionBelvedere Estates Addn
Land UseResidential
Legal DescriptionBELVEDERE ESTATES ADDN, BLOCK 1, LOT 14, ACRES .2238
Census Tract000904
Assessed Land Value$50,115
Assessed Improvement Value$192,785
Assessment Year2025

About this property

Welcome to this adorable three-bedroom, two-bathroom home, complete with a two-car garage, situated on a generously sized lot. This charming residence offers a large back patio space perfect for entertaining and a convenient storage building for all your needs. As you step inside, you'll find a spacious living-dining room combination that is currently being utilized as a studio, offering flexibility for various uses. The kitchen is a true highlight, featuring a breakfast bar, new appliances, and updated granite countertops. The light and airy breakfast area is the perfect spot to start your day. The family room is expansive and ideal for gatherings, centered around a charming corner wood-burning fireplace that serves as a focal point. The primary bedroom is a serene retreat, large enough to accommodate a sitting area, and comes with an en-suite bathroom and a walk-in closet. The additional bedrooms are well-sized, providing comfort for family members or guests. The home boasts beautiful luxury vinyl plank floors in the main areas, adding to its appeal. Outside, the house exudes charm with its cute shutters and decorative awning over the newer windows, enhancing its curb appeal. Don't miss the opportunity to make this delightful home yours, where comfort and modern amenities meet in perfect harmony.

Investor Tools

Property Icon
$278,000
Estimated Property Value
$458,098Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,770 /month
Positive
Cash Flow Estimate:
$590 /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
$4,281
$242,900
2025
$50,115
$192,785
$242,900
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,281
$242,900

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Associates Inc
Unknown
$232,800
No
First
Jun 17, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$458,098
N/A
0%
165%
$2,792/mo

Learn About the Market: Opportunity in Texas

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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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