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$310,000

NAL Estimated Property Value

5002 Mesquite Ridge Trl, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,635 Sq Ft
price_per_sqft$149.85 / sqft
Year BuiltBuilt in 2005

Property Lead Type:

BankruptcyOff-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater
FlooringCarpet, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size10,454 sqft

Building Information

Year Built2005
Stories2
Garage Spaces2

Land Information

APN123 6936003
Lot Number3
SubdivisionPreston Club The Classics Phase Two
Land UseResidential
Legal DescriptionPRESTON CLUB THE CLASSICS PHASE TWO, BLOCK 1, LOT 3, ACRES .24
Census Tract001101
Assessed Land Value$60,008
Assessed Improvement Value$242,321
Assessment Year2025

About this property

Bring your FHA, VA and conventional loan approvals. Step inside this inviting home and you’ll love the open feel of the living area with its 19-foot Vaulted ceiling and decorative fireplace — a chimney can be added for those crisp Texas evenings if you so choose. The eat -in kitchen has a window that can be converted to French doors for seamless access to the side yard, but there is already access to the yard from the living and dining area. The primary suite offers comfort and convenience with dual sinks in the bathroom. Other features offer two hallway closets, attic storage, and an oversized 2 car garage that provides room for extra storage. The laundry area currently features a stacked washer and dryer setup to allow room for cleaners and other items, but can accommodate full-size units if preferred. While the interior could use a fresh coat of paint and some other touches, the home itself appears solid and well-maintained — a wonderful opportunity to add your personal touch! Grassy area to the side of the house is a part of the property. Conveniently located near Hwy 82, SH 289, and Hwy 75, this home offers quick access to shopping, dining, and the beautiful Lake Texoma just a short drive away. A second property ID includes a small 0.04-acre parcel at the back of the property, originally required for the building permit. Orange flags will show the approximate property lines. All information is deemed reliable but should be independently verified by the buyer and their agent. No survey available. Preston Club HOA Covenants, Conditions, and Restrictions (CCRs) are available on the HOA website

Investor Tools

Property Icon
$310,000
Estimated Property Value
$113,103Estimated Mortgage Balance
$196,897Estimated Equity
63% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,860 /month
Positive
Cash Flow Estimate:
$620 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$229/month
$440/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,199
$302,329
2025
$60,008
$242,321
$302,329
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,199
$302,329

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texas Star Bank
Unknown
$133,339
No
First
Sep 16, 2005
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$113,103
$196,897
63%
36%
$1,135/mo

Learn About the Market: Opportunity in Texas

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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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