NOT LISTED FOR SALE

2505 N Hickory St Sherman, TX 75092

7 Beds
7 Baths
403 Sq Ft
1.67 Acres

Last Sold July 19, 2022

41 Days on Market

Highlights

  • Corner Lot
  • Tile Flooring
  • Central Heating and Cooling System
  • Covered Patio or Porch
  • Landscaped
  • High Speed Internet

About This Home

As of July 2022

7 Unit Multi Family Building. Currently 100% occupied with tenants and has excellent lease history. Oversized lot provides ability to build additional buildings if desired. Conveniently located closet to downtown Sherman. Excellent investment opportunity!

Last Agent to Sell the Property

David Russell

eXp Realty LLC License #0558492 Listed on: 05/13/2022

eXp Realty LLC

Last Buyer's Agent

Kishore Chukkala

Candor Realty, LLC License #0565183

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,485

Year Built

  • Built in 1950

Lot Details

  • 1.67 Acre Lot
  • Landscaped
  • Corner Lot

Home Design

  • Slab Foundation
  • Composition Roof

Kitchen

  • Electric Oven
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Parking Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Additional Features

  • 2-Story Property
  • Covered Patio or Porch

Community Details

  • 7 Units
  • 4,984 Sq Ft Building
  • Moorman J B Sub Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 / 2
  • Assessor Parcel Number 156125
  • $4,888 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,485

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 15790
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Horse Permitted Y N: No
  • Ratio Current Price By Building: 86.76786
  • Special Features: None
  • Year Built: 1950

Interior Features

  • Interior Amenities: High Speed Internet Available
  • Flooring: Carpet, Tile
  • Appliances: Dishwasher, Electric Oven

Beds/Baths

  • Full Bathrooms: 7
  • Total Bedrooms: 7

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: None
  • Roof: Composition
  • Construction Materials: Wood
  • Exterior Features: Covered Patio/Porch
  • Waterfront: No

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 10
  • Parking Features: Parking Lot
  • Attached Garage YN: No
  • GarageYN: No

Utilities

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

Condo/Co-op/Association

  • Complex Name: Moorman J B Sub
  • Association Type: None

Schools

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

Lot Info

  • Lot Features: Corner Lot, Landscaped
  • Lot Size Units: Acres
  • Lot Size Area: 1.6680
  • Parcel Number: 156125
  • Lot Size Acres: 1.6680
  • Lot Size Sq Ft: 72658.0800

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1950
  • Units Total: 7

Multi Family

  • Gross Annual Expenses: 27535.00
  • Gross Annual Income: 43325.00
  • Tenancy: Over 9 Months
  • Unit Count: 7

Tax Info

  • Unexempt Taxes: 4888
  • TaxBlock: 2
  • Tax Lot: 1

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 21, 2023
Sold by
Mandavilli Sarika
Bought by
Reality Choir Nhtx Llc
Source: Public Records

Range of Values:

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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
Reality Choir Nhtx Llc -- None Listed On Document
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2022 07/19/22 Sold -- -- --
06/23/2022 06/23/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $450,000 0.0% $1,117 / Sq Ft
05/24/2022 05/24/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $450,000 -- $1,117 / 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 $9,485 $290,416 $290,416 --
2024 $9,485 $432,451 $271,055 $161,396
2023 $6,588 $300,046 $245,627 $54,419
2022 $5,967 $254,592 $55,359 $199,233
2021 $5,030 $200,697 $55,359 $145,338
2020 $5,091 $194,000 $47,513 $146,487
2019 $5,921 $219,660 $21,795 $197,865
2018 $3,231 $128,790 $22,667 $106,123
2017 $3,206 $128,790 $22,667 $106,123
2016 $2,953 $118,620 $22,667 $95,953
2015 $2,719 $109,438 $28,031 $81,407
2014 $2,719 $109,438 $28,031 $81,407
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2022

    David Russell

    eXp Realty LLC

    (214) 924-9966

    240 Total Sales

    David Russell
    Section Image

  • K

    Buyer's Agent in 2022

    Kishore Chukkala

    Candor Realty, LLC

    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20056887

North Texas Real Estate Information Systems (NTREIS)

APN: 156125

Texas Grayson County Sherman 75092

2505 N Hickory St, Sherman, TX

This home is located at 2505 N Hickory St, Sherman, TX 75092 since 13 May 2022. This property was built in 1950. 2505 N Hickory St is a home located in Grayson County with nearby schools including Fairview Elementary School, Piner Middle School, and Dillingham Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

North Texas Real Estate Information Systems (NTREIS) 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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