$400,000
SOLD DEC 24, 2024
Last list price

1805 Park Place Unit 1807 Sherman, TX 75092

6 Beds
4 Baths
2,690 Sq Ft
10,019 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

43 Days on Market

Highlights

  • 2 Fireplaces
  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • 6 Car Attached Garage
  • 1-Story Property
  • 2-minute walk to Playground at Fairview Park

About This Home

As of December 2024

This is a fantastic opportunity for investors, with Sherman's ongoing growth driven by Texas Instruments, Global Wafers, and other major developments. Perfect for cash flow or a 1031 exchange! Please do not disturb tenants.

Last Agent to Sell the Property

Cory Meals

eXp Realty LLC Brokerage Phone: 903-308-3150 License #0636222 Listed on: 10/21/2024

eXp Realty LLC

Last Buyer's Agent

Brad Hughes

XC Realty License #0492981

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,461

Year Built

  • Built in 1998

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Brick Fireplace
  • Fire and Smoke Detector

Kitchen

  • Electric Oven
  • Electric Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Parking

  • 6 Car Attached Garage
  • Front Facing Garage
  • Garage Door Opener

Schools

  • Fairview Elementary School
  • Piner Middle School
  • Sherman High School

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Community Details

  • 2 Units
  • 2,604 Sq Ft Building
  • Gregory Place Subdivision

Listing and Financial Details

  • Legal Lot and Block 5 & 6 / 1
  • Assessor Parcel Number 158557
  • $8,403 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,461

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: Yes
  • Municipal Utility District Y N: No
  • Net Operation Income: 40612
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 138.24885
  • Attribution Contact: 903-308-3150
  • Special Features: None
  • Year Built: 1998

Interior Features

  • Fireplace Features: Brick, Wood Burning
  • Interior Amenities: Cable TV Available, High Speed Internet Available
  • Flooring: Ceramic Tile, Vinyl
  • Appliances: Dishwasher, Disposal, Electric Oven, Electric Range, Microwave
  • Basement YN: No
  • Fireplaces: 2

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Brick

Garage/Parking

  • Cooling System: Ceiling Fan(s), Central Air, Electric
  • Number Of Parking Spaces: 6
  • Parking Features: Garage Door Opener, Garage Faces Front
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

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

Condo/Co-op/Association

  • Complex Name: Gregory Place
  • Association Type: None

Schools

  • School District: Sherman ISD
  • Elementary School: Fairview
  • Middle School: Piner
  • High School: Sherman
  • School District: Sherman ISD
  • Elementary School: Fairview

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.2300
  • Parcel Number: 158557
  • Lot Size Acres: 0.2300
  • Lot Size Sq Ft: 10018.8000
  • Assessor Parcel Number 2: 158556

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1998
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 25977.00
  • Gross Annual Income: 73500.00
  • Insurance Expense: 6911
  • Tenancy: Other
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 8403
  • TaxBlock: 1
  • Tax Lot: 5 & 6

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 21, 2024
Closed on
Dec 23, 2024
Sold by
Meals Property Acquisitions Llc
Bought by
Abiola Femi-Abodunde and Akinfemi Abodunde Akinfemi
Seller's Agent
Cory Meals
eXp Realty LLC
Buyer's Agent
Brad Hughes
XC Realty
List Price
$795,000
Views
16
Current Estimated Value
$320,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-26.34%
Original Mortgage
$270,000
Outstanding Balance
$268,364
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$51,636

Purchase Details

Closed on
Jan 25, 2021
Sold by
Meals Cory
Bought by
Meals Property Acquisitions Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 4, 2021
Sold by
Lovett Cheryl and Lovett Gary
Bought by
Meals Cory

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
2.67%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2015
Sold by
Stockbridge Larry
Bought by
Lovett Cheryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,250
Interest Rate
3.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 16, 2014
Sold by
Us Bank Na
Bought by
Stockbridge Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,320
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 5, 2013
Sold by
Garcia Richard Olide and Reyes Garcia Paula Anne
Bought by
Us Bank Na and Bafc 2006 7

Purchase Details

Closed on
Jan 30, 2013
Sold by
Roncyn Holdings Us Inc
Bought by
Garcia Richard Olide

Purchase Details

Closed on
Aug 16, 2010
Sold by
Garcia Richard Olide and Reyes Garcia Paula Anne
Bought by
Garcia Richard Olide and Reyes Garcia Paula Anne

Purchase Details

Closed on
Jul 30, 2010
Sold by
Garcia Richard Olide
Bought by
Roncyn Holdings Us Inc

Purchase Details

Closed on
Jun 12, 2006
Sold by
Eaton Timothy Edward
Bought by
Garcia Richard Olide and Reyes Garcia Paula Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$17,500
Interest Rate
6.56%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Mar 31, 2005
Sold by
Gregory William N and Gregory Bill
Bought by
Eaton Timothy Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
7.12%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Deed -- None Listed On Document
Deed -- None Listed On Document
Vendors Lien -- None Available
Vendors Lien -- Red River Title Co
Vendors Lien -- Red River Title Co
Vendors Lien -- Stewart
Trustee Deed $150,000 None Available
Warranty Deed $157,217 None Available
Interfamily Deed Transfer -- None Available
Vendors Lien -- None Available
Vendors Lien -- Fidelity National Title Agen
Vendors Lien -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $270,000 New Conventional
Closed $270,000 New Conventional
Previous Owner $191,250 Purchase Money Mortgage
Previous Owner $191,250 New Conventional
Previous Owner $116,250 New Conventional
Previous Owner $108,320 New Conventional
Previous Owner $17,500 Stand Alone Second
Previous Owner $140,000 Purchase Money Mortgage
Previous Owner $98,000 Fannie Mae Freddie Mac
Closed $35,000 No Value Available
Closed $0 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/24/2024 12/24/24 Sold -- -- --
12/23/2024 12/23/24 Price Changed $400,000 -49.7% $149 / Sq Ft
12/04/2024 12/04/24 Pending -- -- --
11/04/2024 11/04/24 For Sale $795,000 0.0% $296 / Sq Ft
10/24/2024 10/24/24 Pending -- -- --
10/21/2024 10/21/24 For Sale $795,000 0.0% $296 / Sq Ft
06/03/2024 06/03/24 Rented $1,625 0.0% --
06/03/2024 06/03/24 Under Contract -- -- --
05/26/2024 05/26/24 Price Changed $1,625 +4.8% $1 / Sq Ft
05/14/2024 05/14/24 Price Changed $1,550 +3.7% $1 / Sq Ft
05/08/2024 05/08/24 Price Changed $1,495 -3.5% $1 / Sq Ft
04/05/2024 04/05/24 For Rent $1,550 +47.6% --
10/09/2018 10/09/18 Rented $1,050 0.0% --
09/09/2018 09/09/18 Under Contract -- -- --
09/04/2018 09/04/18 For Rent $1,050 -- --
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 $8,461 $356,835 $66,053 $290,782
2024 $8,461 $385,782 $66,053 $319,729
2023 $8,412 $383,114 $47,936 $335,178
2022 $8,288 $353,640 $49,028 $304,612
2021 $6,893 $275,000 $43,718 $231,282
2020 $6,583 $250,839 $21,384 $229,455
2019 $6,172 $228,971 $10,138 $218,833
2018 $5,340 $212,863 $7,603 $205,260
2017 $4,212 $169,205 $7,603 $161,602
2016 $4,264 $171,307 $7,603 $163,704
2015 $0 $178,356 $7,603 $170,753
2014 -- $145,000 $7,604 $137,396
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20759412

North Texas Real Estate Information Systems (NTREIS)

APN: 158556