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$396,000

502 Obsidian Dr, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,879 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$212.87 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
AppliancesGas Oven, Microwave, Tankless Water Heater
FlooringCarpet, Hardwood

Exterior

Exterior FeaturesRain Gutters
Lot Size8,529 sqft

Building Information

Garage Spaces2

Land Information

APNS038 2835005
Lot Number17
SubdivisionEstates At Baker Park Phase 1
Land UseInventory Vacant Residential Land
Legal DescriptionESTATES AT BAKER PARK PHASE 1, BLOCK C, LOT 17, ACRES .1958
Census Tract001700
Assessed Land Value$38,254
Assessed Improvement Value$286,547
Assessment Year2025

About this property

This stunning 3-bedroom, 2-bathroom home offers an open floor plan perfect for modern living. The spacious living area seamlessly connects to the kitchen, creating an inviting space for gatherings. Hand Scraped Hardwood floors enhance the high-traffic areas, adding both style and durability. The two extra-large spare bedrooms provide flexibility for guests, a home office with a bay window and top self window for your fun collectibles, or a hobby room. A 2-car garage offers ample storage and convenience. Nestled in a prime location, you’re just minutes away from Choctaw Casino and Resort, the scenic shores of Lake Texoma, and only 45 minutes from Dallas. Perfect for those seeking a blend of comfort, space, and accessibility.

Investor Tools

Property Icon
$396,000
Estimated Property Value
$373,700Estimated Mortgage Balance
$25,557Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,400 /month
Positive
Cash Flow Estimate:
$800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$241/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$910
$324,801
2025
$38,254
$286,547
$324,801
No

Tax History

Year
Tax Paid
Assessed Value
2024
$910
$324,801

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Sfmc Lp
Unknown
$373,700
No
First
Nov 14, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$370,443
$25,557
6%
94%
$2,241/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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