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$139,000

NAL Estimated Property Value

424 Cherry Park Drive, Sherman, TX, 75090

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths828 Sq Ft
price_per_sqft$169.08 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Garage AvailableGarage Available
AppliancesOther

Exterior

Lot Size6,225 sqft

Building Information

Year Built1955
Garage Spaces1

Land Information

APNS043 2050003
Lot Number3
SubdivisionCherry Park Addn
Land UseResidential
Legal DescriptionCHERRY PARK ADDN, BLOCK 1, LOT 3, ACRES .1429
Census Tract001500
Assessed Land Value$38,605
Assessed Improvement Value$54,107
Assessment Year2025

About this property

Here’s a polished property description for 424 Cherry Park Dr in Sherman, TX, keeping it under 2,000 characters and tailored for real estate listing platforms: --- Welcome to 424 Cherry Park Dr, a charming and updated 2-bedroom, 1-bathroom cottage-style home nestled in a quiet and established neighborhood in Sherman, TX. This delightful single-story residence features a classic ranch-style exterior with clean white siding, black window accents, and a welcoming covered carport. Situated directly across from a neighborhood basketball court, it's perfect for outdoor play, exercise, or community gatherings. Step inside to a cozy and functional floor plan offering a bright and airy living space, ideal for first-time buyers, small families, or investors. The interior boasts fresh paint, hardwood flooring, and a neutral palette that complements any style. The kitchen includes ample cabinet space, while the adjacent dining and living areas create a seamless flow for daily living and entertaining. The home’s two bedrooms are comfortably sized, and the bathroom sits right in between, for convenience. Enjoy the spacious front and backyard with room for gardening, outdoor dining, or future additions. The carport offers covered parking and extra storage potential, and the large lot provides additional off-street parking. Located just minutes from Austin College, downtown Sherman, and a wide variety of amenities including shopping centers, restaurants, schools, and parks. Nearby destinations include Midway Mall, Sherman Town Center, and dining favorites like Old Iron Post, Texas Roadhouse, and Cracker Barrel. Easy access to Highway 75 makes commuting to Denison, McKinney, or Dallas a breeze. Don’t miss this affordable gem in a rapidly growing area—perfect for personal use or as an income-producing rental!

Investor Tools

Property Icon
$139,000
Estimated Property Value
$0Estimated Mortgage Balance
$139,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$840 /month
Positive
Cash Flow Estimate:
$280 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$228/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,044
$92,712
2025
$38,605
$54,107
$92,712
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,044
$92,712

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$139,000
100%
0%
$0/mo

City: Sherman

424 Cherry Park Drive | Property Details | No Agent List