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$387,000

NAL Estimated Property Value

9747 State Highway 56, Sherman, TX, 75090

$424,842 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,372 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$309.77 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Electric Range
FlooringCarpet, Linoleum

Exterior

Lot Size9.26 acres

Building Information

Year Built1993
Roof Type109
Garage Spaces1

Land Information

APN151 006102404
SubdivisionBurleson Aaron A-G0061
Land UseResidential
Legal DescriptionG-0061 BURLESON AARON A-G0061, ACRES 9.26
Census Tract000101
Assessment Year2025

About this property

Approximately 9.26 acres on the corner of Hwy 56 & Boddie Rd. So many possibilities for this property. 3 bedroom, 2 bath brick home looking for the right buyer to bring it back to its beauty. Remodel the home and enjoy the acreage or subdivide the land. Aerobic septic installed in 2019. See photo for approximate location of Pink Hill Water Line Easement. Buyer and buyer's agent to verify any and all information provided by seller and seller's agent.

Investor Tools

Property Icon
$387,000
Estimated Property Value
$336,212Estimated Mortgage Balance
$50,788Estimated Equity
13% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$424,841
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,550 /month
Positive
Cash Flow Estimate:
$850 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$166/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$51
$115,449
2025
N/A
N/A
$594,338
No

Tax History

Year
Tax Paid
Assessed Value
2024
$51
$115,449

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Building Or Construction Loan
$340,000
No
First
Apr 9, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$336,212
$50,788
13%
87%
$2,251/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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9747 State Highway 56 | Property Details | No Agent List