J
Seller's Agent in 2024
Josh Simmons
SWRE
(469) 995-0979
81 Total Sales
Last list price
518 S Elm St Unit B Sherman, TX 75090
2
Beds
2
Baths
1,780
Sq Ft
0.39
Acres
Highlights
- Open Floorplan
- Partially Wooded Lot
- Wood Flooring
- Deck
- Traditional Architecture
- Covered Patio or Porch
About This Home
As of December 2024Take a moment and give this investor special a quick gander. This duplex resides mere blocks away from Sherman's Historic Downtown and only 2 miles from Austin College. Currently leased with 100% occupancy and nearby amenities for tenants this is certainly a valuable asset for both landlord and tenant. When it comes to investment real estate, location really matters but so does value. The property boasts 1,780 livable square footage evenly split between the two mirrored sides. Each unit consists of a spacious living room, full kitchen with breakfast nook and panel style doors to the bedroom allowing for a studio style set up or a closed bedroom with it's own full sized bathroom.
Units have electricity separately metered, electric heating and cooling, and high speed internet available. Long term tenant loyalty has been rewarded with lower than typical rental rates, immediate value in light rehab and nominal increase or full cosmetic and significant increases.
Last Agent to Sell the Property
SWRE Brokerage Phone: 713-470-2161 License #0684970 Listed on: 10/07/2024
Last Buyer's Agent
Non-NTREIS MLS Licensee
NON MLS
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,961
Year Built
- Built in 1950
Lot Details
- 0.39 Acre Lot
- Interior Lot
- Partially Wooded Lot
- Few Trees
- Large Grassy Backyard
- Back Yard
Home Design
- Traditional Architecture
- Pillar, Post or Pier Foundation
- Composition Roof
- Concrete Siding
Interior Spaces
- 1,780 Sq Ft Home
- 1-Story Property
- Open Floorplan
- Ceiling Fan
Kitchen
- Eat-In Kitchen
- Electric Oven
- Dishwasher
Flooring
- Wood
- Carpet
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Parking
- No Garage
- Driveway
- On-Site Parking
- Off-Street Parking
Outdoor Features
- Deck
- Covered Patio or Porch
Schools
- Washington 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
- Samuel Blagg Surv Abs #56 Subdivision
Listing and Financial Details
- Assessor Parcel Number 163330
- $4,233 per year unexempt tax
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 7, 2024
Closed on
Dec 20, 2024
Sold by
Yankie Mollie Marrable
Bought by
518 S Elm Llc
Seller's Agent
Josh Simmons
SWRE
Buyer's Agent
Non-NTREIS MLS Licensee
NON MLS
List Price
$150,000
Views
10
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.35%
Purchase Details
Closed on
Aug 15, 2024
Sold by
Jean M Marrable Trust and Marrable Walter E
Bought by
Yankie Mollie Marrable
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Listed On Document |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 12/23/2024 12/23/24 | Sold | -- | -- | -- | |
| 12/23/2024 12/23/24 | Sold | -- | -- | -- | View Prior Sale |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- | |
| 11/04/2024 11/04/24 | Pending | -- | -- | -- | |
| 11/01/2024 11/01/24 | For Sale | $150,000 | 0.0% | -- | |
| 11/01/2024 11/01/24 | For Sale | $150,000 | 0.0% | $84 / Sq Ft | |
| 10/23/2024 10/23/24 | Pending | -- | -- | -- | |
| 10/23/2024 10/23/24 | Pending | -- | -- | -- | |
| 10/17/2024 10/17/24 | Price Changed | $150,000 | 0.0% | -- | |
| 10/17/2024 10/17/24 | Price Changed | $150,000 | -14.3% | $84 / Sq Ft | |
| 10/07/2024 10/07/24 | For Sale | $175,000 | 0.0% | $98 / Sq Ft | |
| 10/07/2024 10/07/24 | For Sale | $175,000 | -- | -- |
Source: North Texas Real Estate Information Systems (NTREIS)
Tax History Compared to Growth
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 | $3,961 | $138,089 | $93,150 | $44,939 |
| 2024 | $3,961 | $180,611 | $92,568 | $88,043 |
| 2023 | $3,779 | $172,109 | $81,204 | $90,905 |
| 2022 | $3,973 | $169,522 | $59,657 | $109,865 |
| 2021 | $3,049 | $121,659 | $26,712 | $94,947 |
| 2020 | $2,616 | $99,666 | $26,712 | $72,954 |
| 2019 | $2,306 | $85,558 | $15,120 | $70,438 |
| 2018 | $1,972 | $78,591 | $12,936 | $65,655 |
| 2017 | $1,824 | $73,279 | $12,264 | $61,015 |
| 2016 | $1,498 | $60,174 | $12,264 | $47,910 |
| 2015 | $1,569 | $63,139 | $12,264 | $50,875 |
| 2014 | $1,675 | $67,439 | $12,264 | $55,175 |
Source: Public Records
Agents Affiliated with this Home
-
Josh Simmons
-
Destin Weakley
Seller Co-Listing Agent in 2024
Destin Weakley
SWRE
(903) 563-9700
25 Total Sales
-
N
Buyer's Agent in 2024
Non-NTREIS MLS Licensee
NON MLS
Map
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20748243
APN: 163330
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