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$632,871

506 Obsidian Drive, Sherman, TX, 75092

$667,244 ARVInfo
On MarketInfo
Just AddedInfo
Beds5 Beds
Baths5 Bath
Baths4,000 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$158.22 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 5Bathrooms 5
AppliancesGas Oven, Microwave, Refrigerator, Tankless Water Heater

Exterior

Lot Size8,307 sqft

Building Information

Garage Spaces3

Land Information

APNS038 2835006
Lot Number18
SubdivisionEstates At Baker Park Phase 1
Land UseInventory Vacant Residential Land
Legal DescriptionESTATES AT BAKER PARK PHASE 1, BLOCK C, LOT 18, ACRES .1907
Census Tract001700
Assessed Land Value$37,646
Assessment Year2025

About this property

Welcome to this stunning home designed for both luxury and functionality! Featuring 5 spacious bedrooms, 4.5 bathrooms, and an open, inviting layout, this home offers room for everyone. Beautiful hand-scraped hardwood floors flow through the main traffic areas, while impressive 10-foot ceilings create a bright and spacious feel throughout. The living room is the perfect place to gather, complete with a beautiful gas fireplace. Work from home with ease in the dedicated office featuring built-in cabinetry and shelving. A private in-law suite provides the perfect space for guests or multigenerational living. Entertainment is effortless with both a game room and media room, offering plenty of space for movie nights, family fun, and relaxing. The 2.5-car garage provides additional room for vehicles and storage. With generous living spaces, beautiful finishes, and a versatile floor plan, this exceptional home offers the perfect combination of comfort, convenience, and space for everyone to enjoy.

Investor Tools

$0Estimated Mortgage Balance
$497,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$667,243
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,797 /month
Positive
Cash Flow Estimate:
$1,266 /month

Interested in this property?

Michelle Couch

MC Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$282/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$900
$37,646
2025
$37,646
N/A
$37,646
No

Tax History

Year
Tax Paid
Assessed Value
2024
$900
$37,646

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$497,000
100%
0%
$0/mo

City: Sherman

506 Obsidian Drive | Property Details | No Agent List