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$141,995

3206 Richelieu Street, Sherman, TX, 75090

$155,317 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,286 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$110.42 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size8,425 sqft

Building Information

Year Built1983
Roof Type109
Garage Spaces2

Land Information

APNS009 2339040
Lot Number16
SubdivisionSherden Terrace
Land UseResidential
Legal DescriptionSHERDEN TERRACE, BLOCK 3, LOT 16, ACRES .1934
Census Tract000903
Assessed Land Value$51,294
Assessed Improvement Value$109,032
Assessment Year2025

About this property

Well maintained home in sought after neighborhood of Sherman. Open floor plan, walking distance to schools and just minutes from shopping. This location is a must see, and the home has been taken care of very well by the previous owners. The back yard is oversized with a covered patio and a nice storage shed. The large master bedroom has a nice walk-in closet. The home was recently painted from top to bottom, clean and ready for the new owners. Windows have been replaced, ac, and a few other things have been updated. Come see this home, you won't be disappointed.

Investor Tools

Property Icon
$183,000
Estimated Property Value
$0Estimated Mortgage Balance
$59,481Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$155,316
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,098 /month
Positive
Cash Flow Estimate:
$366 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$260/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,206
$160,326
2025
$51,294
$109,032
$160,326
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,206
$160,326

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Bancorp Bank
Conventional
$140,180
No
First
Apr 30, 2020
May 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$123,519
$59,481
32%
67%
$841/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.

Explore Texas Explore This Area
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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3206 Richelieu Street | Property Details | No Agent List