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$364,000

NAL Estimated Property Value

3800 S Melrose Trail, Sherman, TX, 75090

$414,234 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,160 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$126.27 / sqft
Year BuiltBuilt in 2006

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Plumbed For Ice Maker
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesLighting
Lot Size9,583 sqft

Building Information

Garage Spaces2

Land Information

APN119 6928005 01
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 66.6600000000%
Census Tract000903
Assessed Land Value$64,073
Assessed Improvement Value$280,223
Assessment Year2025

About this property

This could be the one you have been looking for! 4 bedroom house with TWO living areas! Room to spread out and work and enjoy. The 4th bedroom is on the first floor with a full bathroom adjacent! Use as an office or bedroom - you choose! The backyard is spacious and private. Walking distance to the elementary school and close to shopping and dining. You will love this quiet tucked away neighborhood with custom homes. Don't miss out - call your favorite Realtor and make an appointment to come see why this home is special.

Investor Tools

Property Icon
$364,000
Estimated Property Value
$370,560Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$414,234
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,394 /month
Positive
Cash Flow Estimate:
$798 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$767/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,381
$325,500
2025
$64,073
$280,223
$344,296
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,381
$325,500

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Town Square Mortgage & Investments Inc
Fha
$397,664
Yes
First
Sep 8, 2022
Oct 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$370,560
N/A
0%
102%
$2,385/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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3800 S Melrose Trail | Property Details | No Agent List