Street View

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Owner Contacts

$291,000

711 Madison Place, Sherman, TX, 75092

Off Market

3 Beds

2 Bath

1,718 Sq Ft

Single Family Residence

$189.17 / sqft

Built in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3

Bathrooms 2

Garage Available

AppliancesDishwasher, Disposal, Dryer, Electric Oven, Electric Range, Gas Water Heater, Convection Oven

FlooringCarpet, Ceramic Tile

Exterior

Exterior FeaturesRain Gutters

Lot Size5,881 sqft

Building Information

Year Built2002

Garage Spaces2

Land Information

APN154A6868007

Lot Number7,39

SubdivisionWashington Place Addn

Land UseResidential

Legal DescriptionWASHINGTON PLACE ADDN, BLOCK 1, LOT 7, 39.13X20.87X95.21X63.85X95, ACRES .135 39.13X20.87X95.21X63.85X95

Census Tract001101

Assessed Land Value$38,900

Assessed Improvement Value$196,988

Assessment Year2025

About this property

WELCOME HOME!!! This immaculate, OPEN CONCEPT home is just waiting to help you make new memories! You walk into a large living area that connects to a sunroom. Lots of LIGHT, built-in bookcase-this area would make an excellent place to relax with a good book. Next, you will see the breakfast room that continues into the kitchen. ALL appliances stay with the house, INCLUDING THE REFRIGERATOR AND THE WASHER AND DRYER. The kitchen has a COFFEE BAR with lots of storage. It connects to the cozy dining room that is open to the living area. The LARGE primary bedroom and ensuite is on one side of the house. The other two bedrooms and full hall bathroom are on the other side. The primary has enough space to have a sitting area. It also has a big, walk-in closet-PLENTY OF ROOM for your clothes (and his, too!) Beautiful neighborhood, close to shopping, restaurants, park. There is a $5000 flooring allowance. Come check it out before it is purchased!!!

Investor Tools

$291,000

Estimated Property Value

$0Estimated Mortgage Balance

$291,000Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$1,950 /month

Positive

Cash Flow Estimate:

$650 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$570/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,386

$235,888

2025

$38,900

$196,988

$235,888

Tax History

Year

Tax Paid

Assessed Value

2024

$5,386

$235,888

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

N/A

$291,000

100%

$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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