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$155,855

NAL Estimated Property Value

601 E Carter St, Sherman, TX, 75090

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,029 Sq Ft
price_per_sqft$155.39 / sqft
Year BuiltBuilt in 2020

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Disposal, Electric Range, Electric Water Heater, Microwave
FlooringLaminate

Exterior

Exterior FeaturesRain Gutters
Lot Size3,947 sqft

Building Information

Year Built2020

Land Information

APNS030 2592008
Lot Number8
SubdivisionAustin Park Addn Replt Lt 13-21 Blk 4 Wp
Land UseResidential
Legal DescriptionAUSTIN PARK ADDN REPLT LT 13-21 BLK 4 WP CARTER & PT MCANAIR, BLOCK A, LOT 8, ACRES .0906
Census Tract002000
Assessed Land Value$22,018
Assessed Improvement Value$133,837
Assessment Year2025

About this property

TAX ABATEMENT PROGRAM FOR THIS PROPERTY! This cute little home has so much to offer! Located near Austin College. 2 bedroom 1.5 bath with granite counter tops and stainless appliances. Privacy fenced back yard with large patio. See attachment for more information about tax abatement that makes this property so affordable. Great for first time buyer!

Investor Tools

Property Icon
$155,855
Estimated Property Value
$159,950Estimated Mortgage Balance
$0Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$959 /month
Positive
Cash Flow Estimate:
$320 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$154/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,074
$155,855
2025
$22,018
$133,837
$155,855
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,074
$155,855

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Newrez Llc
Va
$161,596
Yes
First
Oct 27, 2025
Nov 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$159,950
N/A
0%
103%
$969/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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601 E Carter St | Property Details | No Agent List