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$116,000

NAL Estimated Property Value

502 S Montgomery St, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,008 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$69.44 / sqft
Year BuiltBuilt in 1945

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesNone

Exterior

Lot Size7,144 sqft

Building Information

Year Built1945
Roof Type109
Garage Spaces1

Land Information

APNS041 0056058
SubdivisionBlagg Samuel A-G0056
Land UseResidential
Legal DescriptionG-0056 BLAGG SAMUEL A-G0056, ACRES .164
Census Tract002000
Assessed Land Value$59,437
Assessed Improvement Value$4,252
Assessment Year2025

About this property

Discover the potential of this property, perfect for investors. Nestled on a generous and deep lot, this house is in poor condition and in need of significant renovation but offers a wealth of possibilities for the right buyer. It has a deep lot that is partially fenced and has a wood outbuilding in the backyard. It is situated near community amenities, including shops, and schools. This property is being sold as-is, for land value. The house itself needs a lot of work, but with the right vision, it could become a fantastic family home or a lucrative investment property. Don't miss out on this chance to bring your offers and secure this potential-filled property today.

Investor Tools

Property Icon
$116,000
Estimated Property Value
$34,013Estimated Mortgage Balance
$81,987Estimated Equity
70% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$696 /month
Positive
Cash Flow Estimate:
$232 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$58/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$115
$63,689
2025
$59,437
$4,252
$63,689
No

Tax History

Year
Tax Paid
Assessed Value
2024
$115
$63,689

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Lorinda Blomstedt, A Single Person
Seller Carryback / Seller Financing / Seller Take-Back
$35,000
No
First
Oct 15, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$34,013
$81,987
70%
29%
$210/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.

Explore Texas Explore This Area
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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502 S Montgomery St | Property Details | No Agent List