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$525,000

416 S Elm St, Sherman, TX, 75090

On MarketInfo
Beds5 Beds
Baths5 Bath
Baths3,190 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.58 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Disposal, Gas Cooktop, Gas Water Heater, Microwave
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Rain Gutters, Private Yard
Lot Size14,854 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APNS041 2839001
Lot Number1
SubdivisionMedina Addition
Land UseResidential
Legal DescriptionMEDINA ADDITION, LOT 1, ACRES .341
Census Tract001700
Assessed Land Value$90,461
Assessed Improvement Value$206,005
Assessment Year2025

About this property

Nestled in the heart of Sherman's vibrant and revitalized downtown, 416 S Elm St is a stunning newly constructed home that perfectly blends modern design with thoughtful functionality. With two primary suites and three additional rooms, this home offers an abundance of space for both comfortable living and entertaining. The kitchen is a showstopper, designed for culinary enthusiasts and home entertainers alike. Picture yourself around the expansive quartz-topped island, surrounded by sleek floor-to-ceiling cabinetry, a gas cooktop, and plenty of storage to keep everything organized and within reach. The open-concept living area flows effortlessly, featuring large windows that frame serene backyard views and create an inviting indoor-outdoor connection. The first-floor primary suite is a true retreat, offering a spa-inspired ensuite bath with a separate shower and a large walk-in closet. Upstairs, you'll find a second living area that elevates the home’s entertainment potential—complete with a wet bar and walk-out balcony for enjoying sunsets or hosting guests. The second-floor primary suite also delivers luxury, featuring its own private bath and walk-in closet. Step outside to discover a sprawling backyard shaded by mature trees, a peaceful oasis perfect for relaxation, play, or future outdoor projects. Unbeatable location within walking distance to downtown Sherman’s shops, restaurants, and entertainment, plus quick access to highway for easy commutes. This home offers the best of both convenience and lifestyle. Schedule your showing today!

Investor Tools

Property Icon
$539,000
Estimated Property Value
$0Estimated Mortgage Balance
$539,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,234 /month
Positive
Cash Flow Estimate:
$1,078 /month

Interested in this property?

Erin Pickard

Compass RE Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,961
$296,466
2025
$90,461
$206,005
$296,466
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,961
$296,466

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$539,000
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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