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$553,000

NAL Estimated Property Value

4955 Fm 697, Sherman, TX, 75090

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,686 Sq Ft
price_per_sqft$190.98 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 1.5Bathrooms Full 1.5
Bathrooms Half 0.5Bathrooms Half 0.5
AppliancesElectric Oven, Electric Range, Electric Water Heater, Refrigerator

Exterior

Lot Size4.40 acres

Building Information

Year Built1950
Roof Type109

Land Information

APN192 0509007
SubdivisionHenderson L D A-G0509
Land UseResidential
Legal DescriptionG-0509 HENDERSON L D A-G0509, ACRES 4.4
Census Tract000102
Assessed Land Value$176,880
Assessed Improvement Value$176,777
Assessment Year2025

About this property

(Seller is motivated & open to any offer) Welcome to your next big project—a 4-bedroom brick house sitting pretty on 4.4 acres in Sherman, Texas. No HOA, no permits, and no pesky deed restrictions mean you're free to let your imagination run wild! Just 8 miles from Highway 75, this property is your canvas. Plus, who needs landmarks when you've got the iconic Luella Well #6 as your neighbor? Get ready to transform this place into the ultimate private retreat!

Investor Tools

Property Icon
$553,000
Estimated Property Value
$253,691Estimated Mortgage Balance
$299,309Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,318 /month
Positive
Cash Flow Estimate:
$1,106 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$613/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,595
$353,657
2025
$176,880
$176,777
$353,657
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,595
$353,657

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Peak 8 Capital Partners Llc
Purchase Money Mortgage
$110,250
No
First
Sep 20, 2021
Mar 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$253,691
$299,309
54%
46%
$1,652/mo

City: Sherman

4955 Fm 697 | Property Details | No Agent List