$262,299 - $424,000
RENTED MAR 28, 2025

505 Southern Dr Sherman, TX 75092

3 Beds
2 Baths
1,414 Sq Ft
$243 Price per Sq Ft

Last Sold December 30, 2024

Current estimated payment $1,860/month

Highlights

  • Craftsman Architecture
  • Tankless Water Heater
  • Luxury Vinyl Plank Tile Flooring
  • 2 Car Attached Garage
  • 1-Story Property
  • Dogs and Cats Allowed

About This Home

As of March 2025

Brand new home in Cottages at Magnolia Village. Enjoy this modern Craftsman style of living with the convenience of walking to nearby shopping and restaurants. High ceilings & rough cedar beam in living room, built-in bookshelves, huge walk in butlers pantry, Granite kitchen counter tops and waterfall island, Gas range, Luxury Vinyl Plank flooring through out, decorative lighting, tankless hot water heater, Spray foam insulation through out for lower energy bills, full sprinkler system, neatly landscaped and much more. Call us today to schedule a showing!

Last Agent to Rent the Property

Jon Callaway

Keller Williams Realty DPR Brokerage Phone: 888-828-6147 License #0386299 Listed on: 12/31/2024

Keller Williams Realty DPR

Last Renter's Agent

Jon Callaway

Keller Williams Realty DPR Brokerage Phone: 888-828-6147 License #0386299 Listed on: 12/31/2024

Keller Williams Realty DPR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $386

Year Built

  • Built in 2024

Lot Details

  • 4,400 Sq Ft Lot
  • Wood Fence

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Craftsman Architecture
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,414 Sq Ft Home
  • 1-Story Property
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Electric Oven
  • Built-In Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Schools

  • Percy W Neblett Elementary School
  • Piner Middle School
  • Sherman High School

Utilities

  • Tankless Water Heater

Community Details

  • Association fees include management fees
  • Association Phone (888) 828-6147
  • Cottages Of Magnolia Vlg Subdivision
  • Property managed by TEN31 Property Management LLC
  • Mandatory Home Owners Association

Listing and Financial Details

  • Residential Lease
  • Security Deposit $2,300
  • Tenant pays for all utilities, electricity, gas, grounds care, insurance, pest control, sewer, trash collection, water
  • 12 Month Lease Term
  • $60 Application Fee
  • Legal Lot and Block 10 / 2
  • Assessor Parcel Number 437046

Home Details

Home Type

Single Family

Est. Annual Taxes

$386

Year Built

Built in 2024

Lot Details

0

Parking

2

Rental Info

  • PetsAllowed: Breed Restrictions, Cats OK, Dogs OK
  • Deposit Amount: 2300
  • Pet Deposit: 500
  • Lease Conditions: Application Fee, Credit Report, Prior Residence Info., References Required, Written Application (+)
  • Lease Term: 12 Months
  • Lease Type: 1 Year Plus
  • Number Of Pets Allowed: 1
  • Tenant Pays: All Utilities, Electricity, Gas, Grounds Care, Insurance, Pest Control, Sewer, Trash Collection, Water
  • App Fee Payable To: TEN31 Property Management, LLC
  • Application Fee: 60
  • Furnished YN: No

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Single Family Residence
  • Architectural Style: Craftsman
  • Structural Style: Single Detached
  • Unit Levels: One
  • Restrictions: Deed
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Non Refundable Pet Fee Y N: Yes
  • Property Managed By: TEN31 Property Management LLC
  • Will Subdivide: No
  • App Fee Plus18 Yrs Y N: Yes
  • Attribution Contact: 888-828-6147
  • Special Features: NewHome
  • Year Built: 2024

Interior Features

  • Square Footage: 1414.00
  • Flooring: Luxury Vinyl Plank
  • Appliances: Built-in Gas Range, Dishwasher, Disposal, Electric Oven, Gas Cooktop, Microwave, Tankless Water Heater
  • Basement YN: No
  • Number Of Dining Areas: 1
  • Number Of Living Areas: 1
  • Room Count: 7
  • Appliances: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 3

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 2
  • Total Covered Spaces: 2
  • Number Of Vehicles: 2
  • Parking Features: Covered, Driveway, Garage, Garage Door Opener
  • Attached Garage YN: Yes
  • GarageYN: Yes

Utilities

  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • HOA Fee Includes: Management Fees
  • Association Fee: 1
  • Association Type: Mandatory
  • Hoa Management Company: ABC
  • HOA Management Company: 888-828-6147
  • Number Of Days Guests Allowed: 14

Schools

  • School District: Sherman ISD
  • Elementary School: Percy W Neblett
  • Middle School: Piner
  • High School: Sherman
  • School District: Sherman ISD
  • Elementary School: Percy W Neblett

Lot Info

  • PropertyAttachedYN: Yes
  • Lot Size Units: Acres
  • Lot Size Area: 0.1010
  • Parcel Number: 437046
  • Lot Size Acres: 0.1010
  • Lot Size Sq Ft: 4399.5600

Green Features

  • Smart Home Features Appor Pass Y: Yes

Building Info

  • Year Built: 2024

Tax Info

  • TaxBlock: 2
  • Tax Lot: 10

MLS Schools

  • Middle School Name: Piner
  • Elementary School Name: Percy W Neblett
  • High School Name: Sherman

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2024
Closed on
Dec 30, 2024
Sold by
B And H Companies Llc
Bought by
Leggett Amanda and Leggett Christopher
Seller's Agent
Lisa Hitchcock
Easy Life Realty
Buyer's Agent
Dylan Palmer
Keller Williams Realty DPR
List Price
$318,000
Views
10
Current Estimated Value
$343,150

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-20.71%
Original Mortgage
$238,500
Outstanding Balance
$237,884
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$31,197
Source: Public Records

Range of Values:

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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
Leggett Amanda -- Red River Title
Leggett Amanda -- Red River Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leggett Amanda $238,500
Closed Leggett Amanda $238,500
Previous Owner B & H Companies Llc $597,650
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2025 03/28/25 Rented $2,100 0.0% --
02/21/2025 02/21/25 Under Contract -- -- --
01/19/2025 01/19/25 Price Changed $2,100 -8.7% $1 / Sq Ft
12/31/2024 12/31/24 For Rent $2,300 0.0% --
12/30/2024 12/30/24 Sold -- -- --
12/10/2024 12/10/24 Pending -- -- --
11/14/2024 11/14/24 For Sale $318,000 -- $225 / 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 $386 $305,513 $60,600 $244,913
2024 $386 $17,611 $17,611 $0
2023 $274 $12,483 $12,483 $0
2022 $293 $12,483 $12,483 $0
Source: Public Records

Agents Affiliated with this Home

  • Jon Callaway

    Landlord's Agent in 2025

    Jon Callaway

    Keller Williams Realty DPR

    (972) 468-5154

    82 Total Sales

    Jon Callaway
    Section Image

  • L

    Seller's Agent in 2024

    Lisa Hitchcock

    Easy Life Realty

    Section Image

  • D

    Buyer's Agent in 2024

    Dylan Palmer

    Keller Williams Realty DPR

    (214) 335-1361

    84 Total Sales

    Dylan Palmer
    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20805041

North Texas Real Estate Information Systems (NTREIS)

APN: 437046

Texas Grayson County Sherman 75092

505 Southern Dr, Sherman, TX

This home is located at 505 Southern Dr, Sherman, TX 75092 since 31 December 2024 and is currently priced at $343,150. This property was built in 2024. 505 Southern Dr is a home located in Grayson County with nearby schools including Percy W. Neblett Elementary School, Dillingham Intermediate School, and Piner Middle 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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