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$850,000

346 Smith Oak Rd, Sherman, TX, 75090

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,787 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$304.99 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Double Oven, Refrigerator
FlooringCarpet, Ceramic Tile

Exterior

Lot Size48.09 acres

Building Information

Year Built1972
Stories2
Garage Spaces6

Land Information

APN149 0338009
SubdivisionDavis F W A-G0338
Land UseResidential
Legal DescriptionG-0338 DAVIS F W A-G0338, ACRES 48.09
Census Tract000101
Assessment Year2025

About this property

This exceptional 48-acre property offers a rare opportunity to own an undivided piece of Texas land that has been held by the same family since 1965. Rich in natural beauty, Choctaw Creek meanders through the eastern side of the wooded acreage, while terraced pastures, rolling hills, and mature Pecan, Oak, and Cottonwood trees create a picturesque landscape. Native vegetation provides a natural habitat for an abundance of wildlife, further enhancing the peaceful, country setting. Beautiful vistas stretch across the property, providing an ideal backdrop for building a custom home or renovating the existing family homestead. The 2,787-square-foot, 4-bedroom, 3-bath home enjoys sweeping 360-degree views and spectacular Texas sunsets. Whether your vision includes raising livestock, baling hay, tackling outdoor projects, or simply relaxing and taking in the scenery, this versatile property offers endless possibilities and a remarkable sense of tranquility. For those needing additional space for hobbies or projects, the detached 2-car garage offers an excellent workshop option while allowing the attached 2-car garage to remain available for parking. Adding to the property's appeal, Highway 82 borders the north side and Highway 56 borders the south, providing convenient access to Sherman, Denison, and McKinney. Outdoor recreation is also within easy reach, with Lake Bonham, Lake Texoma, and Bois D'Arc Lake approximately 30 minutes away and North DFW just 45 minutes away. Ag-exempt with NO city taxes, this one-of-a-kind property combines the beauty and freedom of rural living with convenient access to the amenities of the suburbs.

Investor Tools

$167,729Estimated Mortgage Balance
$885,332Estimated Equity
84% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,318 /month
Positive
Cash Flow Estimate:
$2,106 /month

Interested in this property?

JD Tomlin

EXP REALTY

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$491/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$626
$1,053,061
2025
N/A
N/A
$1,100,002
No

Tax History

Year
Tax Paid
Assessed Value
2024
$626
$1,053,061

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Urban Financial Group Inc
Reverse Mortgage / Hecm
$300,240
No
First
Oct 22, 2007
Jun 2085

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$167,729
$885,332
84%
16%
$1,657/mo

City: Sherman

346 Smith Oak Rd | Property Details | No Agent List