NoAgentList RatingHow are grades calculated?

187Days on Market

4view

$649,000

5792 N State Highway 289, Sherman, TX, 75092

On Market

3 Beds

2 Bath

2,442 Sq Ft

Single Family Residence

$265.77 / sqft

Built in 1970

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 1.5

Bathrooms Half 0.5

Indoor Fireplace

Garage Available

Heating Central

AppliancesDishwasher, Disposal

FlooringVinyl

Exterior

Lot Size2.85 acres

Building Information

Year Built1970

Roof Type109

Garage Spaces6

Land Information

APN098 1183003

SubdivisionStaniford Mary A-G1183

Land UseResidential

Legal DescriptionG-1183 STANIFORD MARY A-G1183, ACRES 2.85

Census Tract001101

Assessed Land Value$169,290

Assessed Improvement Value$230,779

Assessment Year2025

About this property

Welcome to this 2.85-acre property situated on SH 289, in Pottsboro ISD, just 3 miles away from Hwy 82. This recently updated ranch-style home boasts over 2400 sqft of living space, featuring 3 bedrooms, 2 full baths, and a bonus room of approximately 550 sqft, ideal for entertainment, game room, gym or additional family room. The home is strategically positioned on a hilltop at the rear of the property. A separate 900 sqft building with a 15x30 overhang and 200 amp service on its own meter provides additional functionality. The property's location is highly desirable, with the Hagerman National Wildlife Refuge, resorts & marina nearby. The North Texas Regional Airport is also just few miles away. This property offers excellent potential for a home-based business, utilizing the separate building for storage, workshop, garage, or office. With Sherman, TX transforming into a regional tech-and manufacturing hub, driven by the presence of Texas Instruments and GlobiTechs, the possibilities for this property are endless. Schedule a tour now!!!

Investor Tools

$262,548Estimated Mortgage Balance

$380,919Estimated Equity

59% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,894 /month

Positive

Cash Flow Estimate:

$1,298 /month

Interested in this property?

Hermel Videna

Herald Realty, LLC

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$754/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,831

$400,069

2025

$169,290

$230,779

$400,069

Tax History

Year

Tax Paid

Assessed Value

2024

$5,831

$400,069

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guaranteed Rate Inc

Conventional

$281,250

First

Oct 24, 2022

Nov 2052

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$262,548

$380,452

59%

41%

$1,687/mo

Learn About the Market: Opportunity in Texas

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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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