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$550,000

1627 Rockport Rd, Sherman, TX, 75092

$715,000 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,428 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$226.52 / sqft
Year BuiltBuilt in 1975

Property Lead Type:

Deal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Cooktop, Electric Oven, Electric Water Heater
FlooringCarpet, Laminate

Exterior

Lot Size8.70 acres

Building Information

Year Built1975
Garage Spaces4

Land Information

APN181 1019005
SubdivisionRosborough James F A-G1019
Land UseResidential
Legal DescriptionG-1019 ROSBOROUGH JAMES F A-G1019, ACRES 8.7
Census Tract001901
Assessed Land Value$443,700
Assessed Improvement Value$276,288
Assessment Year2026

About this property

Opportunity knocks! Priced well below tax appraised value! Nestled on 8.7 fenced acres, this charming 3-bedroom, 2-bath home offers nearly 2,500 sqft of space and separate custom garage apartment offers 740 sqft, combined there's endless potential! A true one-owner home built in 1975, this property is full of character and original details throughout — a testament to the pride of ownership it has enjoyed for decades. Featuring a two-car attached garage and a welcoming front porch perfect for taking in the wide-open views. Covered back patio as well. The land has a rich history — the property was even home to goats for a time, with fencing still in place, making it a natural fit for those with a love of country living or small-scale farming. The real showstopper? A custom-built 900 sqft garage and workshop with upstairs apartment 740sf - full kitchen, living room, bedroom, bath, laundry that's ideal for generating rental income or housing extended family — making this a savvy investment opportunity. Also a great place to stay while renovating the house. With some TLC, this property could truly shine. Whether you're an investor looking for your next project or a buyer dreaming of wide-open country living, this one checks all the boxes. SOLD AS-IS.

Investor Tools

$32,717Estimated Mortgage Balance
$761,283Estimated Equity
95% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$715,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,764 /month
Positive
Cash Flow Estimate:
$1,588 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,364/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,401
$719,988
2026
$443,700
$276,288
$719,988
No

Tax History

Year
Tax Paid
Assessed Value
2025
$12,401
$719,988

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Independent Bank
Conventional
$37,000
No
First
Jan 4, 2021
Jan 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$32,717
$761,283
95%
4%
$172/mo

City: Sherman

1627 Rockport Rd | Property Details | No Agent List