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$242,000

NAL Estimated Property Value

306 Sherman Street, Nocona, TX, 76255

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,308 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.23 / sqft
Year BuiltBuilt in 2024

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Oven, Microwave
FlooringVinyl

Building Information

Year Built2024
Garage Spaces1

Land Information

APNR000003340
Lot Number3
SubdivisionOrig Nocona
Land UseResidential
Legal DescriptionLOT 3 BLK 36 ORIG NOCONA
Census Tract950300
Assessed Land Value$6,400
Assessed Improvement Value$231,480
Assessment Year2025

About this property

This 2024 built home, located inside the city limits of Nocona, offers 1,308 square feet of thoughtfully designed living space. The layout is intentionally crafted to maximize every square foot, giving you an open concept that flows effortlessly from the living room into the heart of the home, the kitchen. The kitchen features modern updates with sleek granite countertops, stainless steel appliances and white cabinetry that provides a polished touch. Three spacious bedrooms and two full bathrooms provide ample room for comfort, and the attached garage adds function and security. Both bathrooms are finished with sleek granite countertops, while the primary suite offers added luxury with dual sinks, a tiled walk in shower and a spacious walk in closet. According to the builder, the entire home, including the attic, features total foam encapsulation for enhanced energy efficiency and comfort. Built with long lasting quality in mind, this new construction home features exclusively copper plumbing, no PEX (known as cross linked polyethylene), offering superior performance and reliability over time. A fresh air ventilation system works in tandem with the homes total encapsulated insulation to provide optimal indoor air quality and energy efficiency. Outside, a covered back porch creates a peaceful space to relax outdoors whether you're sipping your morning coffee or winding down at the end of the day. Located two minutes from Nocona Elementary School, which ranks in the top 50% of all Texas public schools for overall test scores and in the top 30% for both reading and math proficiency according to Public School Review.com. Nocona is rooted in tradition and is the birthplace of Nokona Glove Factory and Fenoglio Boot Company. There is something special about being the first. The first to turn the key, the first to fill the rooms with laughter, the first to call it home. This 2024 new construction is more than a house, it's a blank page, waiting for your story to be written.

Investor Tools

Property Icon
$242,000
Estimated Property Value
$231,935Estimated Mortgage Balance
$10,065Estimated Equity
4% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,469 /month
Positive
Cash Flow Estimate:
$490 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$465/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,375
$237,880
2025
$6,400
$231,480
$237,880
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,375
$237,880

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$234,671
Yes
First
Sep 24, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,935
$10,065
4%
96%
$1,407/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.

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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: Nocona

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306 Sherman Street | Property Details | No Agent List