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$248,000

NAL Estimated Property Value

409 W Anita St, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,718 Sq Ft
price_per_sqft$154.25 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Disposal, Gas Water Heater
FlooringCarpet, Laminate, Linoleum

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size7,148 sqft

Building Information

Year Built1960
Garage Spaces3

Land Information

APNS017 2294013
Lot Number5
SubdivisionTurner M J Addn(Rpl Blk3&4)
Land UseResidential
Legal DescriptionTURNER M J ADDN(RPL BLK3&4), BLOCK 4, LOT 5, ACRES .1641
Census Tract001200
Assessed Land Value$36,537
Assessed Improvement Value$196,505
Assessment Year2025

About this property

This wonderfully updated home in a quiet community has a lot to offer! This home has many updates including fresh paint throughout, resurfaced countertops, charming, white-washed fireplace, newly updated faucets and light fixtures, and much more. This home features an open concept floor plan with an entire wall of cabinets, which is sure to provide plenty of storage and countertop space. The backyard space is a great way to relax after a busy day at work. The northern facing covered patio features a HOT TUB, swing, the option to mount a tv for outdoor entertaining and storage space. The roof was replaced in 2019 and Pella windows were installed in 2020. This home is located in a great location just minutes from shopping, dining, churches, and within just the right proximity to Hwy 75 and Hwy 82.

Investor Tools

Property Icon
$248,000
Estimated Property Value
$69,655Estimated Mortgage Balance
$178,345Estimated Equity
71% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,590 /month
Positive
Cash Flow Estimate:
$530 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$387/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$233,042
2025
$36,537
$196,505
$233,042
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$233,042

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The First National Bank Of Tom Bean
Arm (Adjustable Rate Mortgage)
$70,000
No
First
Oct 30, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$69,655
$178,345
71%
28%
$507/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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