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$388,000

NAL Estimated Property Value

723 Clay Ln, Sherman, TX, 75092

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,326 Sq Ft
price_per_sqft$118.19 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Wood

Exterior

Lot Size9,365 sqft

Building Information

Year Built2003
Garage Spaces2

Land Information

APN154A6868029
Lot Number2,75
SubdivisionWashington Place Addn
Land UseResidential
Legal DescriptionWASHINGTON PLACE ADDN, BLOCK 2, LOT 2, 75X125X75X125, ACRES .215 75X125X75X125
Census Tract001101
Assessed Land Value$66,775
Assessed Improvement Value$321,110
Assessment Year2025

About this property

Charming brick home in a Great west Sherman neighborhood! Its on a beautiful and quiet block and comes with a 2 car attached garage, 2 HVAC zones, solar screens and a 3 year old roof. Home is freshly painted and includes living room with tray ceiling, fireplace and 3 dining areas. Master bathroom with jet tub, separate shower and walk-in closet. The finished bonus room upstairs can be used as an office, game room, theatre or additional bedroom. Large fenced in yard with brick patio great for entertaining. Right across from cul-de-sac and only minutes away from HWY 75, Stone Creek Golf Club, restaurants and shopping. Don't miss out on this one!

Investor Tools

Property Icon
$388,000
Estimated Property Value
$235,288Estimated Mortgage Balance
$152,712Estimated Equity
39% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,328 /month
Positive
Cash Flow Estimate:
$776 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$730/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,814
$387,885
2025
$66,775
$321,110
$387,885
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,814
$387,885

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Conventional
$261,155
No
First
Mar 15, 2021
Apr 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$235,288
$152,712
39%
61%
$1,566/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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723 Clay Ln | Property Details | No Agent List