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$392,000

NAL Estimated Property Value

501 Sonoma Court, Sherman, TX, 75092

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,288 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.97 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Cooktop, Microwave
FlooringCarpet

Exterior

Exterior FeaturesRain Gutters, Storage
Lot Size7,144 sqft

Building Information

Year Built2020
Garage Spaces2

Land Information

APN119 7621041
Lot Number17
SubdivisionMagnolia Village
Land UseResidential
Legal DescriptionMAGNOLIA VILLAGE, BLOCK C, LOT 17, ACRES .164
Census Tract000904
Assessed Land Value$68,474
Assessed Improvement Value$307,264
Assessment Year2025

About this property

Absolutely darling (better than new) 4 bedroom home in Sherman. GREAT floor plan with easy flow in this 2288 Sq Ft home. 4 beds, 2.5 baths, large backyard. Front and back are thoughtfully landscaped. You will love the large storage building-workshop (with concrete foundation) along with the extended patio and board on board fence. In the home, the flooring, counter tops, stainless appliances, bathrooms, windows etc.. are top notch. Well built and well insulated. Upstairs has 3 bedrooms, 1 full bath and a spacious living area. Conveniently located west of great retail shopping. Tucked away in small new development in a cul de sac. Home was completed at the end of 2020, so everything is basically new.

Investor Tools

Property Icon
$392,000
Estimated Property Value
$321,303Estimated Mortgage Balance
$70,697Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,352 /month
Positive
Cash Flow Estimate:
$784 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$914/month
$240/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,010
$375,738
2025
$68,474
$307,264
$375,738
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,010
$375,738

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$332,500
No
First
Sep 10, 2021
Oct 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$321,303
$70,697
18%
82%
$2,108/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 Sonoma Court | Property Details | No Agent List