NOT LISTED FOR SALE

315 S Loving Ave Sherman, TX 75090

Estimated Value: $185,000 - $189,864

3 Beds
2 Baths
1,472 Sq Ft
$127/Sq Ft Est. Value

Last Sold May 25, 2023

Current estimated payment $1,325/month

28 Days on Market

Highlights

  • Eat-In Kitchen
  • Luxury Vinyl Plank Tile Flooring
  • High Speed Internet
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

As of May 2023

Welcome to an exciting investment opportunity! This all brick duplex features a brand new roof (2023) and offers a turnkey solution for investors. With a 1-bed, 1-bath unit plus an office on one side and a 2-bed, 1-bath unit on the other, this property is ready for tenants. The 1-bedroom unit boasts newer luxury vinyl plank flooring and updated kitchen cabinetry with an office that could easily be converted into a 2nd bedroom. Both units are currently renting below market value, presenting a tremendous potential for rental income increase. *MULTIPLE OFFERS RECEIVED. BEST AND FINAL DUE BY 5PM MAY 6TH*

Last Agent to Sell the Property

Rachael Smith

Compass RE Texas, LLC License #0657985 Listed on: 04/10/2023

Compass RE Texas, LLC

Last Buyer's Agent

Noel Cobb

Bertholf Commercial Real Estate License #0742652

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,721

Year Built

  • Built in 1960

Lot Details

  • 8,712

Home Design

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

Kitchen

  • Eat-In Kitchen
  • Gas Oven or Range
  • Dishwasher

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Carport

Schools

  • Crutchfield Elementary School
  • Piner Middle School
  • Dillingham Middle School
  • Sherman High School

Utilities

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

Additional Features

  • 1-Story Property
  • 8,712 Sq Ft Lot

Community Details

  • 2 Units
  • 1,472 Sq Ft Building
  • G B Pilant Surv Abs #963 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 164286
  • $3,118 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,721

Year Built

Built in 1960

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: 16460
  • Notice Surveillance Devices Pres: None
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Accessory Unit YN: No
  • Ratio Current Price By Building: 124.66033
  • Attribution Contact: 469-210-8288
  • Special Features: None
  • Year Built: 1960

Interior Features

  • Interior Amenities: Cable TV Available, Eat-in Kitchen, High Speed Internet Available
  • Flooring: Carpet, Luxury Vinyl Plank
  • Appliances: Dishwasher, Gas Oven
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

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

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 4
  • Parking Features: Carport

Utilities

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

Condo/Co-op/Association

  • Complex Name: 315 Loving
  • Association Type: None

Schools

  • School District: Sherman ISD
  • Elementary School: Crutchfield
  • Middle School: Piner
  • High School: Sherman
  • School District: Sherman ISD
  • Elementary School: Crutchfield
  • Intermediate School: Dillingham

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.2000
  • Parcel Number: 164286
  • Lot Size Acres: 0.2000
  • Lot Size Sq Ft: 8712.0000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1960
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 2500.00
  • Gross Annual Income: 18960.00
  • Insurance Expense: 1400
  • Unit Count: 2

Tax Info

  • Unexempt Taxes: 3118
  • Special Taxing Entities: No

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2023
Closed on
May 24, 2023
Sold by
Dauria Realty Llc
Bought by
Minerva4s Service Llc
Seller's Agent
Rachael Smith
Compass RE Texas, LLC
Buyer's Agent
Noel Cobb
Bertholf Commercial Real Estate
List Price
$199,999
Views
39
Current Estimated Value
$185,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.79%
Original Mortgage
$151,000
Outstanding Balance
$147,682
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$51,636

Purchase Details

Listed on
May 13, 2022
Closed on
Jun 6, 2022
Sold by
Prospect Realty Inc
Bought by
Dauria Realty Llc
Seller's Agent
David Russell
eXp Realty LLC
Buyer's Agent
Rachael Smith
Compass RE Texas, LLC
List Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.10%

Purchase Details

Closed on
Jan 31, 2013
Sold by
Auten Joyce and Auten Sidney
Bought by
Prospect Realty Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
3.42%
Mortgage Type
New Conventional
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 Buyer Sale Price Title Company
Minerva4s Service Llc -- Red River Title
Dauria Realty Llc -- None Listed On Document
Prospect Realty Inc -- Grayson County Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Minerva4s Service Llc $151,000
Previous Owner Prospect Realty Inc $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2023 05/25/23 Sold -- -- --
05/08/2023 05/08/23 Pending -- -- --
05/03/2023 05/03/23 For Sale $199,999 0.0% $136 / Sq Ft
04/16/2023 04/16/23 Pending -- -- --
04/10/2023 04/10/23 For Sale $199,999 +33.3% $136 / Sq Ft
06/06/2022 06/06/22 Sold -- -- --
05/21/2022 05/21/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $150,000 0.0% $102 / Sq Ft
06/01/2018 06/01/18 Rented $625 -3.8% --
05/02/2018 05/02/18 Under Contract -- -- --
03/29/2018 03/29/18 For Rent $650 -- --
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 $3,721 $163,563 $59,339 $104,224
2024 $3,721 $169,634 $51,577 $118,057
2023 $3,631 $165,387 $49,277 $116,110
2022 $3,118 $133,020 $40,439 $92,581
2021 $2,520 $100,539 $23,169 $77,370
2020 $2,131 $81,211 $14,720 $66,491
2019 $2,004 $74,332 $10,191 $64,141
2018 $1,681 $66,984 $7,316 $59,668
2017 $1,390 $55,853 $3,136 $52,717
2016 $1,193 $47,914 $3,136 $44,778
2015 $1,263 $50,858 $4,181 $46,677
2014 $1,264 $50,858 $4,181 $46,677
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20298942

North Texas Real Estate Information Systems (NTREIS)

APN: 164286