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$169,900

129 Old Ida Rd, Sherman, TX, 75090

$220,870 ARVInfo
On MarketInfo
Just AddedInfo
Beds5 Beds
Baths2 Bath
Baths2,436 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$69.75 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesElectric Water Heater, Disposal, Refrigerator

Exterior

Exterior FeaturesStorage
Lot Size3.46 acres

Building Information

Year Built1984
Stories2
Garage Spaces2

Land Information

APN191 023000302
SubdivisionClements M C A-G0230
Land UseResidential
Legal DescriptionG-0230 CLEMENTS M C A-G0230, ACRES 3.46
Census Tract000102
Assessed Land Value$167,187
Assessed Improvement Value$232,031
Assessment Year2025

About this property

Super dope, all-custom, all-cedar house hidden in the forest on acreage between Sherman, Bells, and Tom Bean. This unique property has been in the same family for 40+ years, and is ready for a new steward. Sitting on 3.45 acres of private woodland, this place is a little different—in the best possible way. Think forest, creeks, incredible mature trees, wildlife, and serious privacy, all outside city limits. It feels like you've disappeared into the woods, yet you're still only about 15 minutes from town. The 2,436-square-foot, two-story cedar home has 4 or 5 bedrooms, 1 and a half bathrooms, is full of character and was recently lived in. It's well built, completely unique, and ready for its next owner to roll up their sleeves and make it their own. This ain’t no cookie-cutter house—and that's what makes it cool. The wild animals are savage. The trees are amazing. The creeks do their thing. And the house is quietly waiting for someone with a vision. Come explore the forest. Wander the property. Check out the house. Imagine what you could do with 3.45 acres of privacy and a one-of-a-kind cedar home that's been part of the same family for more than four decades. Explore the land and the opportunity! If private, unconventional, well-built, and full of potential sounds like your kind of place, come take a look. Call or TEXT 903-271-0007

Investor Tools

$58,485Estimated Mortgage Balance
$472,515Estimated Equity
88% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$220,870
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,186 /month
Positive
Cash Flow Estimate:
$1,062 /month

Interested in this property?

Luke Scheibmeir

Properties of Grayson

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$390/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,023
$331,029
2025
$167,187
$232,031
$399,218
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,023
$331,029

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$92,505
No
First
Apr 4, 2011
Apr 2041

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$58,485
$472,515
88%
11%
$0/mo

City: Sherman

129 Old Ida Rd | Property Details | No Agent List