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$294,000

506 Southern Drive, Sherman, TX, 75092

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,414 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$207.92 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Gas Range, Microwave
FlooringVinyl

Exterior

Lot Size4,073 sqft

Building Information

Garage Spaces2

Land Information

APN119 8049028
Lot Number28
SubdivisionCottages At Magnolia Villiage
Land UseResidential
Legal DescriptionCOTTAGES AT MAGNOLIA VILLIAGE, BLOCK 1, LOT 28, ACRES 0.0935
Census Tract000904
Assessed Land Value$37,527
Assessment Year2025

About this property

Welcome to 506 Southern! Some listing photos have been virtually staged and virtually landscaped to illustrate the potential of the home. Furnishings, décor, and landscaping shown are for visualization purposes only. Brand-new construction in one of Sherman's most convenient locations! Situated just south of Sherman Town Center and minutes from US Highway 75, this beautifully designed 3-bedroom, 2-bath home offers exceptional convenience with easy access to shopping, dining, schools, healthcare, and everyday amenities. The open-concept floor plan is filled with natural light from oversized windows, creating a bright and welcoming atmosphere throughout. Quality craftsmanship is showcased in every detail, from the custom finishes to the thoughtfully selected fixtures. The kitchen is the centerpiece of the home, featuring elegant marble countertops, a striking waterfall island, and an impressive butler's pantry that provides abundant storage while keeping small appliances neatly organized and out of sight. A well-designed layout includes spacious bedrooms, beautifully finished bathrooms, and versatile living areas that offer comfort and functionality for everyday living or entertaining guests. Sherman continues to experience tremendous growth with major employers, new retail, dining, and business development, making this an outstanding opportunity to own a new home in one of North Texas' fastest-growing communities. The virtually staged and landscaped photos highlight the possibilities and help showcase the home's potential. Schedule your private showing today and discover everything 506 Southern has to offer.

Investor Tools

$0Estimated Mortgage Balance
$307,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,842 /month
Positive
Cash Flow Estimate:
$614 /month

Interested in this property?

Lisa Hitchcock

Easy Life Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$154/month
$150/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$313
$17,111
2025
$37,527
N/A
$37,527
No

Tax History

Year
Tax Paid
Assessed Value
2024
$313
$17,111

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$307,000
100%
0%
$0/mo

City: Sherman

506 Southern Drive | Property Details | No Agent List