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$2,016,000

NAL Estimated Property Value

702 Pleasant Home Rd, Sherman, TX, 75092

Off MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size12.03 acres

Land Information

APN158 1029002
SubdivisionReed Leonard A-G1029
Land UseResidential
Legal DescriptionG-1029 REED LEONARD A-G1029, ACRES 12.029
Census Tract001901
Assessed Land Value$2,094
Assessed Improvement Value$5,453
Assessment Year2025

About this property

Discover this magnificent 15+ acre parcel of land just outside the growing city of Sherman, Texas. This property is located between 1417 and 289 close to the new Texas Instruments facility and the new Sherman High School. This sprawling property offers endless possibilities; from building your dream estate creating a serene retreat amidst nature's beauty to potential future development or running cattle. With a water meter, electric on site and barn the property is ready for you! The generous size, lush landscapes, and convenient location, this land presents a unique canvas for your aspirations. Explore the potential of this prime 15+ acre plot and unlock the gateway to a tranquil Texan lifestyle. The property also has plenty of wild life including deer and turkey!

Investor Tools

Property Icon
$2,016,000
Estimated Property Value
$0Estimated Mortgage Balance
$2,016,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$12,096 /month
Positive
Cash Flow Estimate:
$4,032 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$849/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$110
$7,547
2025
$2,094
$5,453
$384,090
No

Tax History

Year
Tax Paid
Assessed Value
2024
$110
$7,547

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$2,016,000
100%
0%
$0/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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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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702 Pleasant Home Rd | Property Details | No Agent List