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$46,000

511 E Wilson Avenue, Sherman, TX, 75090

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size7,100 sqft

Land Information

APNS053 2221069
Lot Number11
SubdivisionSouthside Addn
Land UseResidential
Legal DescriptionSOUTHSIDE ADDN, BLOCK 24, LOT 11, ACRES .1630
Census Tract002000
Assessed Land Value$59,285
Assessment Year2025

About this property

Great opportunity to own a residential lot in the heart of Sherman, Texas. This spacious lot offers convenient road access with utilities nearby, making it an excellent opportunity to build your dream home or an investment property. Enjoy a central location close to shopping, dining, schools, and everyday conveniences while still offering a sense of privacy. As Sherman continues to experience rapid growth and development, this property presents an exceptional opportunity to invest in one of North Texas' fastest growing communities. Don't miss your chance to make this lot your own. Schedule a visit today.

Investor Tools

$3,074Estimated Mortgage Balance
$56,211Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$356 /month
Positive
Cash Flow Estimate:
$119 /month

Interested in this property?

Patty Turner

Keller Williams Rockwall

ContactContact

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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
$1,086
$59,285
2025
$59,285
N/A
$59,285
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,086
$59,285

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Nextlots Llc
Unknown
$4,400
No
First
Apr 5, 2013
Apr 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$3,074
$56,211
94%
5%
$27/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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511 E Wilson Avenue | Property Details | No Agent List