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$292,000

3116 Mimosa Dr, Sherman, TX, 75092

$296,135 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,910 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.88 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Double Oven
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesLighting
Lot Size10,646 sqft

Building Information

Year Built1984
Garage Spaces4

Land Information

APNS006 201100107
Lot Number5
SubdivisionBelvedere Estates Addn
Land UseResidential
Legal DescriptionBELVEDERE ESTATES ADDN, BLOCK 1, LOT 5, ACRES .2444
Census Tract000904
Assessed Land Value$49,821
Assessed Improvement Value$214,487
Assessment Year2025

About this property

MAKE AN APPOINTMENT TO SEE THIS LARGE WELL ARRANGED FAMILY HOME. THIS IS A QUIET NEIGHBORHOOD, MATURE TREES, ALL WEATHER STREET AND GREAT LOCATION TO ALL THORUGHFARES. THE 2 SEPERATE LIVING AREAS, DINING AREA GIVE NEEDED DISTANCE AND SPACE, BUT IS GREAT FOR ENTERTAINING SEVERAL GUESTS. THE EASY TO USE GAS FIREPLACE IS JUST A SWITCH AWAY ON THOSE COOL NIGHTS. SOLAR WINDOW SCREENS AND CEILING FANS. THE NOOK IS A COZY PLACE FOR 4 WITH A BREAKFAST BAR CLOSEBY. KITCHEN HAS A MICROWAVE DOUBLE OVEN AND GRANITE COUNTER TOPS. THERE IS A DETACHED BUILDING AT THE END OF THE DRIVEWAY THAT IS 300 sf, CEMENT FLOOR, SINGLE GARAGE DOOR...FOR ANY USE WHATSOEVER...THERE IS A COVERED RV SPACE .WE CAN NEGOTIATE A PAINT ALLOWANCE, WE DID NOT WANT TO MAKE A SELECTION FOR A NEW BUYER. We are negotiable, for requested concessions or closing costs

Investor Tools

Property Icon
$292,000
Estimated Property Value
$231,790Estimated Mortgage Balance
$84,818Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$296,134
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,752 /month
Positive
Cash Flow Estimate:
$584 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$443/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$264,308
2025
$49,821
$214,487
$264,308
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$264,308

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Va
$231,790
Yes
First
Dec 28, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$207,182
$84,818
29%
71%
$1,390/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Sherman

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3116 Mimosa Dr | Property Details | No Agent List