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$284,000

3718 Malibu Dr, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,755 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$1.25 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave, Tankless Water Heater
FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size2,788 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN185 8054081
Lot Number22
SubdivisionBel Air Village Phase 1
Land UseResidential
Legal DescriptionBEL AIR VILLAGE PHASE 1, BLOCK B, LOT 22, ACRES .064
Census Tract001801
Assessed Land Value$55,478
Assessed Improvement Value$219,778
Assessment Year2025

About this property

Maintenance-free living available in this stunning 3 bedroom, 2.5 bath townhome in Bel Air Village all bedrooms have ceiling fans. Beautiful open kitchen complete with 5 burner gas range, tile backsplash, granite countertops & Whirlpool stainless steel appliances including refrigerator and washer and dryer. All three bedrooms are on the second floor as well as a loft & the laundry room. Amazing amenities including a playground, dog park, outdoor work out equipment and a food truck lawn. Your front lawn is taken care of by the HOA! Located just 10 minutes from Historic Downtown Sherman, close to US-75, shopping and restaurants and Austin Collage. Pets on case by case.

Investor Tools

Property Icon
$284,000
Estimated Property Value
$55,000Estimated Mortgage Balance
$232,025Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,704 /month
Positive
Cash Flow Estimate:
$568 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$807/month
$2,100/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,261
$275,256
2025
$55,478
$219,778
$275,256
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,261
$275,256

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Granbury
Building Or Construction Loan
$55,000
No
First
May 12, 2023
Jun 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$51,975
$232,025
81%
18%
$330/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: Sherman

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