NoAgentList RatingHow are grades calculated?

2view

$262,000

301 Forest Creek Dr, Sherman, TX, 75092

Off Market

3 Beds

2 Bath

1,627 Sq Ft

Single Family Residence

$161.03 / sqft

Built in 1985

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Garage Available

AppliancesDishwasher, Disposal, Electric Range, Gas Water Heater

FlooringCarpet, Ceramic Tile, Vinyl

Exterior

Lot Size13,033 sqft

Building Information

Year Built1985

Garage Spaces2

Land Information

APN119A6681010

Lot Number1

SubdivisionMoorman-Moore Addn

Land UseResidential

Legal DescriptionMOORMAN-MOORE ADDN, BLOCK 2, LOT 1, ACRES .2992

Census Tract000904

Assessed Land Value$40,528

Assessed Improvement Value$202,195

Assessment Year2024

About this property

Outstanding 3 BDRM, 2 Bath, W Oversized 2-Car Garage On A Secluded Lot In Quiet Sherman Neighborhood! Entire Interior Painted - 2024!! Mature Trees & No Houses Behind Property! KT Has New Electric Stove (W Vent), Dishwasher, Stainless Steel Sink & Cabinetry. BK Room. DR Can Be Study. Spacious Living Room Vaulted Ceiling, CF, Fireplace W Gas Logs, & Windows Looking Out to Back Yard W Deck & Wood Fence! Primary BDRM Has Door To Backyard & Has CF & Bath W Tile Floors, Skylight, & Dual Sinks & Remodeled Shower + Large WIC! Secondary BDRM's Share Full Bath W Sink & Remodeled Tub-Shower! New Roof - 2021. New Garage Door - 2024. Some Vinyl Windows! BDRM 3 Has Vaulted Ceiling. Utility Room Has Cabinets + Closet. House is partly located in an AE 100 Year Special Flood Zone. Information Regarding Flood Zone Is In Documents. Owner Has Experienced No Flooding Issues. Refrigerator, Washer & Dryer Remain With House! Wonderful Custom Home In Highly Sought After Sherman Neighborhood!

Investor Tools

$253,000

Estimated Property Value

$0Estimated Mortgage Balance

$253,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,572 /month

Positive

Cash Flow Estimate:

$524 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$447/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$4,105

$242,723

2024

$40,528

$202,195

$242,723

Tax History

Year

Tax Paid

Assessed Value

2023

$4,105

$242,723

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$253,000

100%

$0/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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