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$395,000

NAL Estimated Property Value

7501 Sharman Loop, Amarillo, TX, 79124

$462,563 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,306 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$221.16 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating Forced Air UnitHeating Forced Air Unit
AppliancesWasher/Dryer, Refrigerator

Exterior

Lot Size10,890 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR-370-0540-3060
SubdivisionSect 54 B S & F Blk 0009
Land UseResidential
Legal DescriptionSECT 54 B S & F BLK 0009, TR 7 TASCOSA HILLS, 5.1700 ACRES
Census Tract014300
Assessed Land Value$14,840
Assessed Improvement Value$329,050
Assessment Year2025

About this property

Forever Home with Shops and Home Business Potential! This property is nestled in the peaceful, rural neighborhood of Tascosa Hills, offering a charming 3-bedroom home with several versatile shops and garages on 5+ acres. With unrestricted usage and a community water source, this property offers endless possibilities. Located in the reputable Bushland ISD, this property is ideal for creating your forever home or running a home-based business. The home itself features a cozy stone fireplace that extends into a spacious enclosed patio, creating a warm and inviting atmosphere. The layout is flexible, with generously sized rooms offering plenty of space for any lifestyle. The property also includes a large wood shop equipped with a furnace and an oversized two-car garage. For those with hobbies or entrepreneurial goals, the property boasts extensive outbuildings. A 3-bay automotive shop is a car enthusiast's dream, complete with a built-in frame-pulling station, multiple garage doors for convenience, a bathroom, six solar-powered ventilators, attic storage, and a large air compressor. Adjacent to this is a paint booth/garage, equipped with an exhaust vent, lights, a heater for curing/drying, and a paint-mixing room with ventilation. There is also a second shop that has been updated with a new ceiling, windows, garage door, and electrical work (per seller). Additionally, there's an office building perfect for running a home business, creating a hobby space, or simply using as extra storage. Other features include an enclosed chicken coop and a large storage outbuilding, adding even more functionality to the property. Recent updates (per seller) include a 2024 roof and gutter replacement on the home, with most outbuilding roofs also replaced in 2024 (excluding the office). In 2025, new carpet was installed in the living room and bedrooms, along with new vinyl flooring in the main bathroom. Schedule your showing today!

Investor Tools

Property Icon
$395,000
Estimated Property Value
$0Estimated Mortgage Balance
$395,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$462,563
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,060 /month
Positive
Cash Flow Estimate:
$1,020 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$605/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,288
$343,890
2025
$14,840
$329,050
$343,890
Yes (2023)

Tax History

Year
Tax Paid
Assessed Value
2024
$5,288
$343,890

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$395,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,540/mo
N/A
+$1,540/mo
4.7%

City: Amarillo

7501 Sharman Loop | Property Details | No Agent List