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$286,991

NAL Estimated Property Value

501 N Holly Ave, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,155 Sq Ft
price_per_sqft$129.7 / sqft
Year BuiltBuilt in 1955

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Gas Water Heater, Microwave
FlooringCeramic Tile, Hardwood, Vinyl, Wood

Exterior

Exterior FeaturesRain Gutters
Lot Size10,106 sqft

Building Information

Year Built1955
Garage Spaces1

Land Information

APNS035 2860001
Lot Number1A
SubdivisionShanan Bailey Addn-Rpt Lt 1 Blk 2 Westwo
Land UseResidential
Legal DescriptionSHANAN BAILEY ADDN-RPT LT 1 BLK 2 WESTWOOD THIRD ADDN, BLOCK 2, LOT 1A, ACRES .232
Census Tract001300
Assessed Land Value$71,247
Assessed Improvement Value$230,069
Assessment Year2025

About this property

Charming 3-Bedroom Home in Sherman, TX – Move-In Ready with Recent Updates! Located just minutes from US Highway 75, this beautifully updated 3-bedroom, 2-bath home on a large corner lot offers a perfect blend of comfort, style, and convenience. With gorgeous hardwood floors, engineered hardwood, and tile throughout, this home is designed for easy living and modern appeal. Step outside to enjoy a spacious fenced backyard, complete with a 12x16 Tuff Shed for added storage. Whether you're hosting gatherings or simply relaxing, the backyard is an ideal space for all your outdoor activities. Key updates to the property include: Electrical system updated in 2019 for peace of mind. Foundation repair completed in 2020. Gas water heater replaced in 2021 for efficiency. New windows, can lighting, decorative lighting and interior doors added in 2023. Additional HVAC unit installed for the primary bedroom, bathroom, sunroom, and bonus room to ensure comfort year-round. Roof replacement completed in 2023. This home is ready for you to move in and make it your own. Schedule a showing today and see all that this wonderful property has to offer!

Investor Tools

Property Icon
$286,991
Estimated Property Value
$279,674Estimated Mortgage Balance
$7,317Estimated Equity
2% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,722 /month
Positive
Cash Flow Estimate:
$574 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$469/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$286,991
2025
$71,247
$230,069
$301,316
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$286,991

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union Home Mortgage Corp
Fha
$284,255
Yes
First
Jun 5, 2025
Jul 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$279,674
$7,317
2%
97%
$1,705/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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501 N Holly Ave | Property Details | No Agent List