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$167,000

NAL Estimated Property Value

516 S Maxey St, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths1 Bath
Baths1,218 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$82.1 / sqft
Year BuiltBuilt in 1925

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesGas Oven

Exterior

Lot Size6,721 sqft

Building Information

Year Built1925
Garage Spaces1

Land Information

APNS042 2100028
Lot Number18
SubdivisionGrays G Y 1st Addn (Suppl)
Land UseResidential
Legal DescriptionGRAYS G Y 1ST ADDN (SUPPL), BLOCK 3, LOT 18 & S10' 19, ACRES 0.1543
Census Tract002000
Assessed Land Value$57,859
Assessed Improvement Value$56,230
Assessment Year2025

About this property

516 S Maxey Street – Over 1,200 Sq Ft of Potential in Sherman. This 3-bedroom, 1-bath home offers just over 1,200 square feet of living space and a layout full of potential. Located in an established neighborhood in Sherman, this property is currently tenant-occupied and ready for someone to come in and make it their own. The home features spacious common areas, hard surface flooring, and plenty of natural light. With a little freshening up, this property could truly shine—perfect for a handy buyer or someone looking for a blank canvas to personalize. Conveniently situated near schools, shopping, and with easy access to downtown Sherman, 516 S Maxey Street presents a great opportunity at an approachable price point. Come see the potential and imagine the possibilities—schedule your showing today!

Investor Tools

Property Icon
$167,000
Estimated Property Value
$70,382Estimated Mortgage Balance
$96,618Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,002 /month
Positive
Cash Flow Estimate:
$334 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$208/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$114,089
2025
$57,859
$56,230
$114,089
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$114,089

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Simple Abundant Life Together Inc
Unknown
$71,000
No
First
Nov 1, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$70,382
$96,618
57%
42%
$426/mo

City: Sherman

516 S Maxey St | Property Details | No Agent List