1408 Park Place Unit 1402, 1404, 1408 Sherman, TX 75092
Estimated payment $4,245/month
Highlights
- Dual Staircase
- 3 Car Attached Garage
- Central Heating and Cooling System
- Enclosed Parking
- Ceramic Tile Flooring
- 5-minute walk to Playground at Fairview Park
About This Home
Excellent investment opportunity in rapidly growing Sherman, TX. Triplex with three units, each consisting of 3 bedrooms, 2 bathrooms, plus one car garage. Fenced backyards. Great for cash flow or 1031 exchange. Located near Fairview Park and schools. 1402 leased through February 2026 for $1395 per month, 1408 currently leased for $1395 through September 2025, 1404 leased through February 2026 for $1395.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,502
Year Built
- Built in 2013
Lot Details
- 0.37 Acre Lot
- Wood Fence
- Sloped Lot
Parking
- 3 Car Attached Garage
- Enclosed Parking
- Front Facing Garage
- Driveway
Home Design
- Triplex
- Brick Exterior Construction
- Slab Foundation
- Composition Roof
Interior Spaces
- 3-Story Property
- Dual Staircase
- Window Treatments
- Dishwasher
Flooring
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 6 Full Bathrooms
Schools
- Fairview Elementary School
- Piner Middle School
- Sherman High School
Utilities
- Central Heating and Cooling System
- High Speed Internet
- Cable TV Available
Community Details
- 3 Units
- 3,441 Sq Ft Building
- Fairview Park Patio Homes Repl Subdivision
Listing and Financial Details
- Legal Lot and Block 1 / 1
- Assessor Parcel Number 359837
- $12,502 per year unexempt tax
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $12,502 | $570,014 | $0 | $0 |
| 2023 | $10,429 | $475,012 | $67,161 | $407,851 |
| 2022 | $10,152 | $433,170 | $71,798 | $361,372 |
| 2021 | $10,417 | $415,604 | $63,521 | $352,083 |
| 2020 | $9,389 | $357,736 | $35,650 | $322,086 |
| 2019 | $9,907 | $367,551 | $14,746 | $352,805 |
| 2018 | $8,596 | $342,623 | $13,774 | $328,849 |
| 2017 | $7,518 | $302,025 | $13,774 | $288,251 |
| 2016 | $5,949 | $238,966 | $13,774 | $225,192 |
| 2015 | $0 | $238,966 | $13,774 | $225,192 |
| 2014 | -- | $92,906 | $13,774 | $79,132 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/19/2025 02/19/25 | Price Changed | $575,000 | -4.2% | -- |
| 12/11/2024 12/11/24 | For Sale | $600,000 | -- | -- |
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20795147
APN: 359837
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Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
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