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$244,000

NAL Estimated Property Value

3800 Melrose Trl, Sherman, TX, 75090

$317,200 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,191 Sq Ft
price_per_sqft$130.05 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater, Disposal, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size9,583 sqft

Building Information

Garage Spaces2

Land Information

APN119 6928005 02
Lot Number1
SubdivisionPecan Grove Village Rplt Lt 3 Gallagher
Land UseReal-Residential Single Family & Condos W/Lan
Legal DescriptionPECAN GROVE VILLAGE RPLT LT 3 GALLAGHER PARK ADDN, BLOCK B, LOT 1, ACRES .22, UNDIVIDED INTEREST 33.3400000000%
Census Tract000903
Assessed Land Value$32,046
Assessed Improvement Value$140,154
Assessment Year2025

About this property

If you’re looking for space to entertain your family and friends you have found it! This home provides an open floor plan with lots of natural light and vaulted ceilings in living room making the rooms bright and open. Master bedroom is inviting and leads out to your covered back patio to sit and drink your iced coffee or enjoy the view. In your master bathroom suite you have his and her vanities, a jetted tub, separate stand up shower, a large walk-in closet with build-in mirrors & dresser. 2nd bedroom or office downstairs has access to a bathroom and access to front door. Game room upstairs is huge with plenty of room for a pool table or make it into a playroom. This property has lots of storage space for holiday decorations. Large backyard with a covered patio for a large gathering or just to sit and relax. Quiet neighborhood not a lot of traffic flow. Home is conveniently located to HWY 75, HWY 82, Town Center, & grocery stores. Don’t miss out living in this amazing community.

Investor Tools

Property Icon
$244,000
Estimated Property Value
$0Estimated Mortgage Balance
$244,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$317,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,490 /month
Positive
Cash Flow Estimate:
$830 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$717/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,381
$172,200
2025
$32,046
$140,154
$172,200
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,381
$172,200

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$244,000
100%
0%
$0/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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3800 Melrose Trl | Property Details | No Agent List