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$146,000

424 W Tennessee St, Sherman, TX, 75090

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths960 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1.35 / sqft
Year BuiltBuilt in 1917

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator, Tankless Water Heater
FlooringTile, Vinyl

Exterior

Lot Size6,251 sqft

Building Information

Year Built1917
Roof Type109

Land Information

APNS041 2086011
SubdivisionFairground Addn
Land UseResidential
Legal DescriptionFAIRGROUND ADDN, BLOCK B, LOT W 50' 9, ACRES .1435
Census Tract001700
Assessed Land Value$56,000
Assessed Improvement Value$62,371
Assessment Year2025

About this property

Very Nice 2 BDR 1.5 BTH Property on Corner Lot near Downtown Sherman! Recently Remodeled Kitchen complete with Newer Stainless Appliances including Dishwasher, Stove, Microwave and Fridge as well as Granite Counter Tops! Updated Kitchen Faucet! Designer Stove is ever Cook's Dream! Spacious Home with lots of Updates! Fresh Paint Throughout! Beautiful Brand New Front Door! All Interior Doors Brand New as well including New Hardware! This Home has Solar Panels which will Save Lots of Money on Energy Costs! Tankless Hot Water Heater! Full Size Laundry Area for Washer and Dryer! Nice Front Covered Porch Great for Enjoying Summer Evenings! This One is a Must See! Call for Appointment.

Investor Tools

Property Icon
$146,000
Estimated Property Value
$58,500Estimated Mortgage Balance
$98,677Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$876 /month
Positive
Cash Flow Estimate:
$292 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$272/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,530
$118,371
2025
$56,000
$62,371
$118,371
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,530
$118,371

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Homebridge Financial Services Inc
Conventional
$58,500
No
First
Mar 13, 2017
Apr 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$47,323
$98,677
67%
32%
$351/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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424 W Tennessee St | Property Details | No Agent List