NOT LISTED FOR SALE

504-506 N Woods St Sherman, TX 75092

Estimated Value: $292,000

4 Beds
4 Baths
-- Sq Ft
7,013 Sq Ft Lot

Last Sold November 10, 2022

Current estimated payment $2,019/month

10 Days on Market

Highlights

  • Open Floorplan
  • Ceramic Tile Flooring
  • High Speed Internet
  • Tile Countertops
  • Central Heating and Cooling System
  • Wood Fence

About This Home

As of November 2022

MULTIPLE OFFERS RECEIVED! Well maintained DUPLEX in rapidly growing Sherman, ideal for House Hacking! 2 bedroom, 1.5 bathroom identical units in layout, size and function with separate fenced backyards and carport. Easy to care for ceramic tile flooring downstairs, perfect for the investor who doesn’t want to replace carpet. Open concept living, dining and kitchen area with tall ceilings and bright natural light makes an attractive option for prospective tenants. All bedrooms are upstairs, along with a full bathroom with tub. WD hookups in the primary bedroom in a separate closet. 504 includes new dishwasher, range, lower cabinetry, backsplash and countertops. 506 includes newer water heater. 506 has lease in place until Feb. 2023 at $850 monthly. Neighborhood comps show rent could potentially be increased.

Last Agent to Sell the Property

Sheri Carcano

Coldwell Banker Apex, REALTORS License #0679312 Listed on: 09/15/2022

Coldwell Banker Apex, REALTORS

Last Buyer's Agent

Angela Phillips

PARAGON, REALTORS License #0439575

PARAGON, REALTORS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,763

Year Built

  • Built in 1998

Lot Details

  • 7,013 Sq Ft Lot
  • Wood Fence
  • Few Trees
  • Back Yard

Home Design

  • Duplex
  • Slab Foundation
  • Composition Roof
  • Siding

Interior Spaces

  • 2-Story Property
  • Open Floorplan
  • Window Treatments

Kitchen

  • Electric Range
  • Dishwasher
  • Tile Countertops

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 4 Parking Spaces
  • Carport
  • No Garage

Schools

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

Utilities

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

Community Details

  • 2 Units
  • 2,296 Sq Ft Building
  • Exsteins Maple Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 2 / 2
  • Assessor Parcel Number 219553
  • $4,960 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,763

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 1335
  • Notice Surveillance Devices Pres: Audio, Video
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Ratio Current Price By Building: 124.12892
  • Attribution Contact: 972-783-1919
  • Special Features: None
  • Year Built: 1998

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Cable TV Available, High Speed Internet Available, Open Floorplan, Tile Counters, Other
  • Flooring: Carpet, Ceramic Tile
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Refrigerator
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Total Bedrooms: 4

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Back Yard, Fenced, Wood
  • Roof: Composition
  • Construction Materials: Siding

Garage/Parking

  • Cooling System: Central Air, Electric
  • Number Of Parking Spaces: 4
  • Parking Features: Carport, Covered, No Garage

Utilities

  • Heating: Central, Electric
  • Utilities: Asphalt, City Sewer, City Water, Curbs, Individual Water Meter

Condo/Co-op/Association

  • Complex Name: Woods
  • Association Type: None

Schools

  • School District: Sherman ISD

Lot Info

  • Lot Features: Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 0.1610
  • Parcel Number: 219553
  • Lot Size Acres: 0.1610
  • Lot Size Sq Ft: 7013.1600

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1998
  • Units Total: 2

Multi Family

  • Gross Annual Expenses: 8865.00
  • Gross Annual Income: 10200.00
  • Insurance Expense: 3905
  • Unit Count: 1

Tax Info

  • Unexempt Taxes: 4960
  • TaxBlock: 2
  • Tax Lot: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2022
Closed on
Nov 10, 2022
Sold by
Golphin Jalen and Golphin Lauren
Bought by
Kook Sehun
Seller's Agent
Sheri Carcano
Coldwell Banker Apex, REALTORS
Buyer's Agent
Angela Phillips
PARAGON, REALTORS
List Price
$285,000
Views
8
Current Estimated Value
$292,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.50%
Original Mortgage
$213,750
Outstanding Balance
$13,071
Interest Rate
6.92%
Mortgage Type
New Conventional
Estimated Equity
$284,929

Purchase Details

Closed on
Nov 10, 2020
Sold by
Lanquin Properties Llc
Bought by
Golphin Jalen and Golphin Lauren

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,178
Interest Rate
2.8%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 28, 2017
Sold by
Couch Jason L and Couch Casie
Bought by
Lanquin Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,500
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 12, 2011
Sold by
Triple Play Joint Venture
Bought by
Couch Jason L and Couch Casie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$86,250
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 2009
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Triple Play Joint Ventures

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
5.42%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 8, 2008
Sold by
Rice Daniel D and Rice Ana E
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Mar 13, 2006
Sold by
Hampton Michael
Bought by
Rice Daniel D and Rice Ana E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,600
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Kook Sehun -- Chapin Title
Golphin Jalen -- Red River Title Co
Lanquin Properties Llc $110,500 Red River Title Company
Couch Jason L -- Chapin Title Co Inc
Triple Play Joint Ventures -- Chapin Title Co Inc
Federal Home Loan Mortgage Corporation $117,411 None Available
Rice Daniel D -- Security Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kook Sehun $213,750
Previous Owner Golphin Jalen $207,178
Previous Owner Lanquin Properties Llc $110,500
Previous Owner Couch Jason L $86,250
Previous Owner Triple Play Joint Ventures $90,000
Previous Owner Rice Daniel D $114,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2022 11/10/22 Sold -- -- --
09/25/2022 09/25/22 Pending -- -- --
09/15/2022 09/15/22 For Sale $285,000 -- --
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 $5,763 $248,179 $50,960 $197,219
2024 $5,763 $262,751 $50,960 $211,791
2023 $6,003 $273,395 $45,114 $228,281
2022 $5,407 $230,694 $0 $0
2021 $5,105 $203,676 $40,670 $163,006
2020 $4,526 $172,448 $19,320 $153,128
2019 $4,128 $153,145 $9,800 $143,345
2018 $3,482 $138,772 $6,790 $131,982
2017 $3,055 $122,729 $6,790 $115,939
2016 $2,448 $98,344 $6,790 $91,554
2015 $0 $100,732 $6,790 $93,942
2014 -- $104,985 $6,790 $98,195
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20163940

North Texas Real Estate Information Systems (NTREIS)

APN: 219553