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$383,589

516 Carneros Dr, Sherman, TX, 75092

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,167 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.2 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesBuilt-In Gas Range, Dishwasher, Disposal, Electric Oven, Gas Water Heater, Microwave, Tankless Water Heater
FlooringCeramic Tile, Vinyl

Exterior

Lot Size14,723 sqft

Building Information

Year Built2021
Garage Spaces2

Land Information

APN119 7621015
Lot Number10
SubdivisionMagnolia Village
Land UseResidential
Legal DescriptionMAGNOLIA VILLAGE, BLOCK B, LOT 10, ACRES .338
Census Tract000904
Assessed Land Value$92,094
Assessed Improvement Value$291,495
Assessment Year2025

About this property

**NEW HOME ON THE LARGEST LOT IN THE NEIGHBORHOOD – PRIME LOCATION! ** This is the dream home you’ve been waiting for! Nestled in the heart of thriving Sherman, TX, this stunning new build sits on an expansive lot just minutes from top-tier shopping, dining, and entertainment. From the charming front porch to the thoughtfully designed interior, every inch of this 4-bedroom, 2.5-bath, two-story home exudes quality and comfort. Step inside to an open floor plan that seamlessly blends style and functionality—perfect for everyday living and entertaining. The bright and airy living room features luxury waterproof vinyl plank floors and expansive windows, creating a warm and inviting atmosphere. For the home chef, the gourmet kitchen boasts a generous gas range, gleaming quartz countertops, stainless steel appliances, and ample cabinetry. Need extra storage? The flex space and under stair closets offer additional pantry space, storage, or even a wine cellar! Escape to the luxurious primary suite, your own private retreat, while three additional bedrooms provide flexibility for guests, a home office, or whatever suits your lifestyle. **OUTDOOR PARADISE AWAITS!** The large, lush yard welcomes you home, while the secluded backyard oasis invites you to unwind. Enjoy evenings on the relaxing back patio, perfect for sipping coffee or hosting friends. Raised garden beds and young fruit trees are already planted, ready for your green thumb. Looking for more space? The additional unit outside offers the perfect flex space—ideal for a home office, gym, or creative studio. A stylish fence and gated area provide the perfect setup for furry friends or a separate play yard for the little ones. Every inch of the outdoor space has been as thoughtfully planned as the home itself! **Homes like this don’t last! Call your agent NOW to schedule a tour before it’s gone!**

Investor Tools

Property Icon
$383,589
Estimated Property Value
$0Estimated Mortgage Balance
$383,589Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,460 /month
Positive
Cash Flow Estimate:
$820 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$907/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,970
$383,589
2025
$92,094
$291,495
$383,589
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,970
$383,589

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$383,589
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.

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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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