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Days579Days on Market
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$1,895

505 Southren Dr, Sherman, TX, 75092

On MarketInfo
LeaseInfo
Beds3 Beds
Baths2 Bath
Baths1,414 Sq Ft
price_per_sqft$1.34 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater
FlooringVinyl

Exterior

Lot Size5,140 sqft

Building Information

Year Built2024
Garage Spaces2

Land Information

APN119 8049040
Lot Number10
SubdivisionCottages At Magnolia Villiage
Land UseResidential
Legal DescriptionCOTTAGES AT MAGNOLIA VILLIAGE, BLOCK 2, LOT 10, ACRES .118
Census Tract000904
Assessed Land Value$60,600
Assessed Improvement Value$244,913
Assessment Year2025

About this property

One year old home in Cottages at Magnolia Village. Enjoy this modern Craftsman style of living with the convenience of walking to nearby shopping and restaurants. High ceilings & rough cedar beam in living room, built-in bookshelves, huge walk in butlers pantry, Granite kitchen counter tops and waterfall island, Gas range, Luxury Vinyl Plank flooring through out, decorative lighting, tankless hot water heater, Spray foam insulation through out for lower energy bills, full sprinkler system, neatly landscaped and much more. Call us today to schedule a showing!

Interested in this property?

Jon Callaway

Keller Williams Realty DPR

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$161/month
$1/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$386
$305,513
2025
$60,600
$244,913
$305,513
No

Tax History

Year
Tax Paid
Assessed Value
2024
$386
$305,513

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Band H Companies Llc Amanda Leggett And
Unknown
$238,500
No
First
Dec 30, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$232,500
$73,013
23%
75%
$1,430/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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