NOT LISTED FOR SALE

1211 S Travis St Sherman, TX 75090

Estimated Value: $250,227 - $255,000

4 Beds
2 Baths
1,924 Sq Ft
$131/Sq Ft Est. Value

Last Sold August 24, 2023

Current estimated payment $1,868/month

4 Days on Market

Highlights

  • 0.34 Acre Lot
  • 1-Story Property
  • Central Heating and Cooling System
  • Built-In Features

About This Home

As of August 2023

Here is an excellent opportunity to purchase an income-producing property in Sherman. This duplex features two units that each have 2 bedrooms and 1 bathroom as well as central HVAC. Each unit also have separate driveways and detached 1 car garages with new doors. Updates include windows, new flooring throughout and fresh paint. The property is in an ideal location with easy access to US-75, and is less than 10 minutes from Austin College and Sherman Town Center. Call today for a showing. (Unit 1211 is currently leased. Do not disturb tenant. Unit 1213 is vacant and available for showings.) +++++SELLER HAS RECEIVED MULTIPLE OFFERS. CALLING FOR HIGHEST AND BEST BY 5PM CDT ON FRIDAY JULY 28, 2023.+++++

Last Agent to Sell the Property

Noel Cobb

Bertholf Commercial Real Estate Brokerage Phone: 903-224-5171 License #0742652 Listed on: 07/27/2023

Last Buyer's Agent

Jacqueline Villegas

Coldwell Banker Apex, REALTORS License #0683099

Coldwell Banker Apex, REALTORS

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1940

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 100 x 150

Parking

  • 6 Parking Spaces

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Laminate Flooring

Kitchen

  • Electric Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Schools

  • Washington Elementary School
  • Piner Middle School
  • Sherman High School

Utilities

  • Central Heating and Cooling System
  • Individual Gas Meter

Community Details

  • 2 Units
  • 1,924 Sq Ft Building
  • Moore M B Add Subdivision

Listing and Financial Details

  • Tax Lot 8
  • Assessor Parcel Number 166188
  • $4,597 per year unexempt tax

Property Details

Home Type

Multi-Family

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 20799
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 136.69439
  • Attribution Contact: 903-224-5171
  • Special Features: None
  • Year Built: 1940

Interior Features

  • Interior Amenities: Built-in Features
  • Flooring: Laminate
  • Appliances: Dishwasher, Electric Oven

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier
  • Roof: Composition
  • Construction Materials: Wood
  • Waterfront: No

Garage/Parking

  • Cooling System: Central Air
  • Number Of Parking Spaces: 6
  • Parking Features: Garage Single Door

Utilities

  • Heating: Central
  • Utilities: City Water, Individual Gas Meter, Individual Water Meter

Condo/Co-op/Association

  • Association Type: None

Schools

  • School District: Sherman ISD
  • Elementary School: Washington

Lot Info

  • Lot Size: .5 to < 1 Acre
  • Lot Size Units: Acres
  • Lot Size Area: 0.3440
  • Lot Size: 100 x 150
  • Parcel Number: 166188
  • Lot Size Acres: 0.3440
  • Lot Size Sq Ft: 14984.6400

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1940
  • Units Total: 2
  • SeniorCommunityYN: No

Multi Family

  • Gross Annual Expenses: 1475.00
  • Gross Annual Income: 28980.00
  • Insurance Expense: 2109
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 4597
  • Special Taxing Entities: No
  • Tax Lot: 8

MLS Schools

  • Middle School Name: Piner
  • Elementary School Name: Washington
  • High School Name: Sherman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2023
Closed on
Aug 24, 2023
Sold by
Texoma Rent House Llc
Bought by
Kiran Ravi Santhanagopa and Kiran Lekshmi
Seller's Agent
Noel Cobb
Bertholf Commercial Real Estate
Buyer's Agent
Jacqueline Villegas
Coldwell Banker Apex, REALTORS
List Price
$260,000
Views
19
Current Estimated Value
$268,232

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.23%
Original Mortgage
$197,250
Outstanding Balance
$192,879
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$59,735
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kiran Ravi Santhanagopa -- Grayson County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kiran Ravi Santhanagopa $197,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2023 08/24/23 Sold -- -- --
08/01/2023 08/01/23 Pending -- -- --
07/27/2023 07/27/23 For Sale $260,000 -- $135 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,490 $234,607 $90,657 $143,950
2024 $5,490 $250,316 $89,908 $160,408
2023 $4,258 $193,929 $79,818 $114,111
2022 $4,597 $196,132 $58,353 $137,779
2021 $3,757 $149,911 $25,050 $124,861
2020 $3,735 $142,302 $25,050 $117,252
2019 $2,866 $106,318 $13,950 $92,368
2018 $2,390 $95,259 $11,700 $83,559
2017 $1,994 $80,087 $6,150 $73,937
2016 $1,622 $65,144 $6,150 $58,994
2015 $1,519 $61,135 $6,150 $54,985
2014 $1,519 $61,135 $6,150 $54,985
Source: Public Records

Agents Affiliated with this Home

  • Noel Cobb

    Seller's Agent in 2023

    Noel Cobb

    Bertholf Commercial Real Estate

    (903) 818-7946

    17 in this area

    34 Total Sales

    Noel Cobb
    Section Image

  • J

    Buyer's Agent in 2023

    Jacqueline Villegas

    Coldwell Banker Apex, REALTORS

    (469) 952-8019

    1 in this area

    54 Total Sales

    Jacqueline Villegas
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20385406

North Texas Real Estate Information Systems (NTREIS)

APN: 166188

Texas Grayson County Sherman 75090

1211 S Travis St, Sherman, TX

Not Listed for Sale

MultiFamily

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