NOT LISTED FOR SALE

1505 N Broughton St Sherman, TX 75090

Estimated Value: $200,931 - $210,000

3 Beds
3 Baths
1,486 Sq Ft
$138/Sq Ft Est. Value

Last Sold May 31, 2024

Current estimated payment $1,279/month

12 Days on Market

Highlights

  • Eat-In Kitchen
  • Central Heating and Cooling System
  • 2-Car Garage with two garage doors
  • 1-Story Property
  • Ceiling Fan
  • High Speed Internet

About This Home

As of May 2024

Excellent investment opportunity to own a duplex in fast growing Sherman, TX! Both units are tenant-occupied and leased on month-to-month basis. First unit has 2 bedrooms and 2 bathrooms and rents for $600 a month. Second unit is one bedroom, one bath and rents for $500 a month. Property needs some work and is priced accordingly. Tenants own appliances. Enclosed garage located behind duplex.

Last Agent to Sell the Property

Kimberly Hudgins

PARAGON, REALTORS Brokerage Phone: 903-893-8174 License #0624491 Listed on: 04/08/2024

PARAGON, REALTORS

Last Buyer's Agent

Amy Borja

Berkshire HathawayHS PenFed TX License #0732135

Berkshire HathawayHS PenFed TX

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,328

Year Built

  • Built in 1940

Lot Details

  • 5,009 Sq Ft Lot
  • Partially Fenced Property
  • Few Trees

Parking

  • 2-Car Garage with two garage doors
  • Driveway

Home Design

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

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Carpet
  • Eat-In Kitchen

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Schools

  • Dillingham Elementary School
  • Sherman Middle School
  • Sherman High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Community Details

  • 2 Units
  • 1,486 Sq Ft Building
  • Jones & Summitt Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 7 / 4
  • Assessor Parcel Number 157441
  • $2,339 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,328

Year Built

Built in 1940

Lot Details

0

Parking

2

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: 12450
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 74.02423
  • Attribution Contact: 903-893-8174
  • Special Features: None
  • Year Built: 1940

Interior Features

  • Interior Amenities: Eat-in Kitchen, High Speed Internet Available
  • Flooring: Carpet
  • Appliances: None

Beds/Baths

  • Full Bathrooms: 3
  • Total Bedrooms: 3

Exterior Features

  • Pool: No
  • Foundation: Pillar/Post/Pier
  • Fencing: Partial
  • Roof: Composition
  • Construction Materials: Fiber Cement, Wood

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Garage Spaces: 2
  • Total Covered Spaces: 2
  • Number Of Parking Spaces: 4
  • Parking Features: Garage Double Door, Driveway
  • GarageYN: Yes

Utilities

  • Heating: Central, Electric
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: 1503 & 1505 N Broughton
  • Association Type: None

Schools

  • School District: Sherman ISD
  • Elementary School: Dillingham

Lot Info

  • Lot Features: Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 0.1150
  • Parcel Number: 157441
  • Lot Size Acres: 0.1150
  • Lot Size Sq Ft: 5009.4000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1940
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 750.00
  • Gross Annual Income: 13200.00
  • Insurance Expense: 750
  • Tenancy: Month to Month
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 2339
  • TaxBlock: 4
  • Tax Lot: 7

MLS Schools

  • Middle School Name: Sherman
  • Elementary School Name: Dillingham
  • High School Name: Sherman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2024
Closed on
May 16, 2024
Sold by
Madelines Stepping Stone Corp
Bought by
Alreem Llc
Seller's Agent
Kimberly Hudgins
PARAGON, REALTORS
Buyer's Agent
Amy Borja
Berkshire HathawayHS PenFed TX
List Price
$115,000
Views
54
Current Estimated Value
$205,466

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.24%

Purchase Details

Closed on
Mar 23, 2011
Sold by
Martin Joshua Joseph
Bought by
Schmidt Jeffery and Bratcher Penny

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$34,500
Interest Rate
5.04%
Mortgage Type
Seller Take Back
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
Alreem Llc -- Red River Title
Schmidt Jeffery -- Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schmidt Jeffery $34,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/31/2024 05/31/24 Sold -- -- --
04/21/2024 04/21/24 Pending -- -- --
04/08/2024 04/08/24 For Sale $115,000 -- $77 / 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 $2,328 $109,917 $34,025 $75,892
2024 $2,328 $106,150 $31,500 $74,650
2023 $2,191 $99,790 $29,680 $70,110
2022 $1,727 $73,701 $10,971 $62,730
2021 $1,442 $57,521 $10,350 $47,171
2020 $1,493 $56,892 $10,350 $46,542
2019 $1,257 $46,640 $1,650 $44,990
2018 $1,051 $41,886 $1,650 $40,236
2017 $946 $38,009 $1,650 $36,359
2016 $765 $30,730 $1,575 $29,155
2015 $811 $32,634 $1,575 $31,059
2014 $940 $37,825 $1,575 $36,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20581863

North Texas Real Estate Information Systems (NTREIS)

APN: 157441