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$138,000

625 S Colbert Ave, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,414 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$97.6 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesGas Range
FlooringCarpet, Vinyl

Exterior

Lot Size6,050 sqft

Building Information

Year Built1960
Garage Spaces1

Land Information

APNS043 2064044
Lot Number2
SubdivisionCrutchfield Addn
Land UseResidential
Legal DescriptionCRUTCHFIELD ADDN, BLOCK 3, LOT 2, ACRES .1389
Census Tract001500
Assessed Land Value$45,315
Assessed Improvement Value$80,838
Assessment Year2025

About this property

BEST DEAL IN SHERMAN! This 3 bed 2 bath brick house in Sherman TX is a fantastic investment property! Would also make a great starter home. Was renting at $1600, now vacant. House needs some TLC, slight foundation work needed. Tree fell on detached shed. House comes AS IS. Will not last at this price. BUYER TO VERIFY ALL MEASUREMENTS, ALL SCHOOLS, AND ALL UTILITIES. PARAGRAPH 8 PLEASE ADD SELLER IS RELATED TO THE LISTING BROKER.

Investor Tools

Property Icon
$169,000
Estimated Property Value
$102,400Estimated Mortgage Balance
$69,488Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,014 /month
Positive
Cash Flow Estimate:
$338 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$313/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,913
$126,153
2025
$45,315
$80,838
$126,153
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,913
$126,153

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$102,400
No
First
Oct 11, 2024
Nov 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$99,512
$69,488
41%
59%
$614/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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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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625 S Colbert Ave | Property Details | No Agent List