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$475,000

1609 Lakewood Dr, Sherman, TX, 75092

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths3,434 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$138.32 / sqft
Year BuiltBuilt in 1970

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
Garage AvailableGarage Available
AppliancesDishwasher, Electric Oven, Disposal, Gas Range, Microwave
FlooringLaminate, Tile

Exterior

Exterior FeaturesRain Gutters
Lot Size17,860 sqft

Building Information

Year Built1970
Garage Spaces4

Land Information

APNS013 2248011
Lot Number11
SubdivisionTurtle Creek N Addn
Land UseResidential
Legal DescriptionTURTLE CREEK N ADDN, BLOCK 1, LOT 11, ACRES .41
Census Tract000904
Assessed Land Value$73,046
Assessed Improvement Value$342,795
Assessment Year2025

About this property

Welcome to your own private retreat in highly desirable Northwest Sherman. Located on a quiet cul-de-sac with beautiful lake views, this spacious 3-bedroom, 3-bathroom home offers 3,434 square feet living space in a truly serene setting. Enjoy beautiful mornings and stunning sunsets overlooking the lake, while still having the convenience of being inside city limits with easy access to major highways, shopping, dining, and everyday amenities. The thoughtfully designed floor plan provides generous living spaces, creating an inviting atmosphere for both relaxing and entertaining. Built-in fireplace unit with gas logs and blower will keep you warm in the winters. Upgrades include dual AC units, one of which was replaced in 2024, sprinkler system, and foundation work includes warranty. A standout feature is the detached garage, offering room for up to three cars along with a dedicated workshop area—perfect for hobbies, projects, storage, or additional workspace. Spacious primary suite features sitting area, ensuite bath with separate shower and tub, large walk-in closet. With its combination of expansive living space, gorgeous lake views, quiet surroundings, and convenient location, this exceptional property offers a rare opportunity to enjoy relaxed lakefront living without sacrificing accessibility. See links for virtual tour. Call today for more information.

Investor Tools

$0Estimated Mortgage Balance
$392,405Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,850 /month
Positive
Cash Flow Estimate:
$950 /month

Interested in this property?

Kimberly Hudgins

Compass RE Texas, LLC.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$296/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,588
$392,405
2025
$73,046
$342,795
$415,841
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,588
$392,405

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$392,405
100%
0%
$0/mo

City: Sherman

1609 Lakewood Dr | Property Details | No Agent List