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$494,000

509 Gypsum Way, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,713 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.32 / sqft
Year BuiltBuilt in 2024

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Microwave, Tankless Water Heater

Exterior

Lot Size8,102 sqft

Building Information

Garage Spaces2

Land Information

APNS038 2835022
Lot Number34
SubdivisionEstates At Baker Park Phase 1
Land UseInventory Vacant Residential Land
Legal DescriptionESTATES AT BAKER PARK PHASE 1, BLOCK C, LOT 34, ACRES .186
Census Tract001700
Assessed Land Value$36,950
Assessed Improvement Value$417,400
Assessment Year2025

About this property

This beautiful 3-bedroom home features an open floor plan, perfect for modern living and entertaining. The spacious living area includes a cozy fireplace, while the hardwood floors throughout add warmth and elegance. The gourmet kitchen boasts ample counter space, a convenient pantry, and a layout designed for functionality. Each bedroom offers generous walk-in closets, providing plenty of storage. Additionally, there’s a dedicated home office, ideal for remote work or study. This home blends comfort and style, making it perfect for families and professionals alike.

Investor Tools

Property Icon
$494,000
Estimated Property Value
$358,000Estimated Mortgage Balance
$144,462Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,049 /month
Positive
Cash Flow Estimate:
$1,016 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$280/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$890
$454,350
2025
$36,950
$417,400
$454,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$890
$454,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Republic State Mortgage Co
Conventional
$358,000
No
First
Jan 10, 2025
Feb 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$349,538
$144,462
29%
71%
$2,147/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.

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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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509 Gypsum Way | Property Details | No Agent List