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$239,999

5501 Camino Dos Lagos Dr, Sherman, TX, 75090

$311,999 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths2 Bath
Baths2,559 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$93.79 / sqft
Year BuiltBuilt in 1974

Property Lead Type:

BankruptcyAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range, Disposal, Gas Water Heater
FlooringCarpet, Concrete

Exterior

Private PoolPrivate Pool
Lot Size1.37 acres

Building Information

Year Built1974
Garage Spaces3

Land Information

APN103A6640028
Lot Number114
SubdivisionDos Lagos S/D
Land UseResidential
Legal DescriptionDOS LAGOS S/D, LOT 114, ACRES 1.3694
Census Tract001400
Assessed Land Value$129,684
Assessed Improvement Value$162,871
Assessment Year2025

About this property

Set your sights on a home where generous proportions, distinctive character, and renovation potential come together in one compelling package. This single-story Spanish Eclectic residence offers four bedrooms, two bathrooms, and approximately 2,550 square feet ready for a fresh vision. The spacious layout gives buyers an excellent starting point to personalize rather than settle for someone else’s choices. Reimagine the kitchen, refresh the living areas, or create a polished primary retreat; there is room for meaningful updates while preserving the home’s architectural personality. With all living spaces arranged on one level, everyday movement stays refreshingly simple. Outside, the substantial lot expands the possibilities. Picture a shaded patio, colorful gardens, weekend cookouts, or a play area with breathing room left over. A pool and spa combination brings another exciting dimension to the backyard, though it needs work and awaits a buyer ready to restore it. The two-car garage adds practical parking and storage, keeping tools, bicycles, and holiday bins from staging a takeover. For buyers seeking square footage, land, and the chance to build equity through thoughtful improvements, this property presents an appealing entry point. Bring your contractor, design board, and perhaps a tape measure—then arrange a visit and discover how boldly this Sherman canvas can transform.

Investor Tools

$84,494Estimated Mortgage Balance
$270,506Estimated Equity
76% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$311,999
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,130 /month
Positive
Cash Flow Estimate:
$710 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$683/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,417
$292,555
2025
$129,684
$162,871
$292,555
No

Tax History

Year
Tax Paid
Assessed Value
2025
$6,417
$292,555

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Anm Companies Llc
Fha
$163,013
Yes
First
Dec 26, 2007
Jan 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$84,494
$270,506
76%
24%
$0/mo

City: Sherman

5501 Camino Dos Lagos Dr | Property Details | No Agent List