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Days47Days on Market
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$260,000

$265,000

508 Simpson Dr, Sherman, TX, 75092

On MarketInfo
Price DropInfo
Beds3 Beds
Baths2 Bath
Baths1,490 Sq Ft
price_per_sqft$174.5 / sqft
Year BuiltBuilt in 2019

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringVinyl

Exterior

Exterior FeaturesPrivate Yard
Lot Size15,028 sqft

Building Information

Year Built2019
Garage Spaces2

Land Information

APN157A6568103
Lot Number28
SubdivisionWestview Addn
Land UseResidential
Legal DescriptionWESTVIEW ADDN, BLOCK 2, LOT 28 & PT 29, ACRES .345
Census Tract001101
Assessed Land Value$52,599
Assessed Improvement Value$322,391
Assessment Year2025

About this property

Built in 2019, this fully electric home sits on a corner lot just off Hwy 289 and Hwy 56, offering excellent accessibility for commuting, shopping, and daily needs while being set in a quieter surrounding area. Located within the S & S ISD, the property combines convenience with thoughtful design. The home features three bedrooms and two full bathrooms in a split bedroom floor plan. Luxury vinyl plank flooring runs throughout—no carpet—providing durability and a modern look. The living area includes a wood burning fireplace, offering warmth and character during cooler seasons. The generously sized primary bedroom features an ensuite bathroom with a separate tub and shower and a private door leading directly to the backyard. One secondary bedroom includes a vaulted ceiling, adding architectural interest and natural light. Additional features include a side entry garage, sidewalk access from the driveway to the front entry, and an oversized fenced backyard with a wooden privacy fence. A covered back patio extends the living space outdoors, and the yard offers room for extra parking such as a boat, RV, or additional vehicles. Energy efficiency is enhanced with installed solar panels. Utilities include co op electricity, city water, and an aerobic septic system. This property offers a balance of functionality, outdoor space, and exceptional accessibility.

Investor Tools

$166,813Estimated Mortgage Balance
$208,550Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

Cristi Perkins

Steve Cook & Co, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$686/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,356
$374,990
2025
$52,599
$322,391
$374,990
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,356
$374,990

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guild Mortgage Co
Fha
$186,067
Yes
First
Apr 16, 2019
May 2049

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$166,813
$208,177
55%
44%
$1,167/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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508 Simpson Dr | Property Details | No Agent List