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$418,000

NAL Estimated Property Value

425 W McGee Street, Sherman, TX, 75092

$426,950 ARVInfo
Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,392 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$103.1 / sqft
Year BuiltBuilt in 1900

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Microwave, Plumbed For Ice Maker
FlooringCarpet, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size13,504 sqft

Building Information

Year Built1900
Roof Type115
Garage Spaces2

Land Information

APNS024 2216074
Lot Number9
SubdivisionShannon W M Supplement
Land UseResidential
Legal DescriptionSHANNON W M SUPPLEMENT, BLOCK 4, LOT S 120' 9 & W 13' 10, ACRES .31
Census Tract001200
Assessed Land Value$75,350
Assessed Improvement Value$334,098
Assessment Year2025

About this property

Multiple offers - all offers due by 5 on July 5th. COME HOME to a blend of vintage American construction joined with 21st century convenience. Enter into a bright open area with original hardwood floors, soaring ceilings, and gorgeous wood columns & beams. The heart of the home is found in the main floor with its tall windows that bring in tons of light. Character abounds through the large kitchen, 2 full baths, a utility room, and the large master suite that make up the main floor. Two bedrooms and full bath upstairs. The rare full basement is a fun area with finished rooms. Every surface was renovated! Plumbing, Electrical, HVAC, Roof, Support Beams - see documents. Great location! See the WOW!

Investor Tools

Property Icon
$418,000
Estimated Property Value
$267,458Estimated Mortgage Balance
$150,542Estimated Equity
36% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$426,949
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,508 /month
Positive
Cash Flow Estimate:
$836 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$754/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,962
$409,448
2025
$75,350
$334,098
$409,448
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,962
$409,448

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mutual Of Omaha Mortgage Inc
Conventional
$294,000
No
First
Aug 3, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$267,458
$150,542
36%
64%
$1,763/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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425 W McGee Street | Property Details | No Agent List