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$494,000

NAL Estimated Property Value

509 Gypsum Way, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,713 Sq Ft
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
$349,538Estimated Mortgage Balance
$144,462Estimated Equity
29% 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

City: Sherman

509 Gypsum Way | Property Details | No Agent List