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$226,000

NAL Estimated Property Value

71 Old Ida Road, Sherman, TX, 75090

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land
Year BuiltBuilt in 2000

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.66 acres

Land Information

APN191 6882005
Lot Number5
SubdivisionRattlesnake Ranch Estates
Land UseResidential
Legal DescriptionRATTLESNAKE RANCH ESTATES, LOT 5, ACRES 1.658
Census Tract000102
Assessed Land Value$59,126
Assessment Year2025

About this property

Great small acreage opportunity near Sherman and Bells! Portions of this property are heavily treed, some rolling terrain, and an open area that already has a circle gravel drive off Old Ida Road. Appears that a trailer or RV pad is existing, with power pole on property(no meter base). Excellent chance to purchase land to build a home on or move a home on! Current owner is not aware of the condition of the existing septic system or of water meter location. Buyer or buyer's agent to verify utilities. Close to Hwy. 56, Bells and Sherman. Property is located on the southwest corner of Old Ida Road and Ward Neal Road.

Investor Tools

Property Icon
$226,000
Estimated Property Value
$8,840Estimated Mortgage Balance
$217,160Estimated Equity
96% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,356 /month
Positive
Cash Flow Estimate:
$452 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$156/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$744
$59,126
2025
$59,126
N/A
$59,126
No

Tax History

Year
Tax Paid
Assessed Value
2024
$744
$59,126

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Kenneth Dolezalek
Unknown
$13,640
No
First
Jun 1, 2011
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$8,840
$217,160
96%
4%
$82/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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71 Old Ida Road | Property Details | No Agent List