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$67,000

511 Beavers Drive, Southmayd, TX, 75092

On MarketInfo
Baths0 Bath
Baths672 Sq Ft
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms Full 1Bathrooms Full 1

Exterior

Lot Size10,498 sqft

Building Information

Year Built1978

Land Information

APN157A656801501
Lot Number34
SubdivisionWestview Addn
Land UseResidential
Legal DescriptionWESTVIEW ADDN, BLOCK 1, LOT 34, ACRES 0.241
Census Tract001101
Assessed Land Value$40,425
Assessed Improvement Value$223
Assessment Year2025

About this property

Corner Lot with Utilities Installed Near Sherman and Hwy 289. Build your next home on this corner lot in the Westview Addition of Southmayd. Located within minutes of Downtown Sherman, this property offers convenient access to Hwy 289, Hwy 56, and Hwy 82, making travel to Prosper, Sherman, and Lake Texoma simple and accessible. Situated on approximately .24 acres, the lot features some mature trees, culverts already installed, and utilities in place, including water, electricity, and an existing septic system from a previous residence. Located within city limits with streets and utilities installed, this property is ready for future residential development. No HOA. Mobile homes are not permitted.

Investor Tools

$0Estimated Mortgage Balance
$68,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$408 /month
Positive
Cash Flow Estimate:
$136 /month

Interested in this property?

Elena Marrufo

Ebby Halliday, REALTORS

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$115/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,036
$40,648
2025
$40,425
$223
$40,648
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,036
$40,648

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$68,000
100%
0%
$0/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: Southmayd

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511 Beavers Drive | Property Details | No Agent List