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$775,000

Listing Price

--beds

2baths

2,098sqft

410,074sqft lot

1612 White Mound Rd, Sherman, TX 75090

Member Features

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  • Full foreclosure details

  • Home value, equity and ownership info

  • Find homes priced below market

  • Get full access with a FREE Account

Already a member?

For Sale

Off Market

Single Family

Home type

380.84

Price / sqft

1997

Year built

Home Details

MULTI-INCOME INVESTMENT OPPORTUNITYnRare opportunity to acquire a diversified income-producing property on 9.414 acres just minutes from Sherman. This unique asset combines established rental income with significant flexibility and value-add potential, making it an attractive opportunity for investors, owner-operators, or buyers looking to expand their real estate portfolio.nThe property features 11 established RV spaces, most of which are currently leased, along with a leased 2-bedroom, 1-bath apartment, providing immediate income from multiple sources. A 2,098-square-foot, 3-bedroom, 2-bath main residence offers another potential revenue stream if leased or the opportunity for an owner-operator to live on site.nA separate office space with an attached shop or storage building adds another layer of versatility and may accommodate business operations, workspace, storage, or additional leasing opportunities.nOne of the property's greatest opportunities lies in the open back portion of the 9.414 acres. Currently utilized for hay production and benefiting from an agricultural exemption, this area provides substantial open space and flexibility for a future owner to envision how the property could evolve. Whether held as open acreage, continued in agricultural use, or evaluated for future improvements or expansion, the additional land creates valuable long-term upside and optionality, subject to applicable approvals and restrictions.nWith RV income, residential rental income, off

Interior Details

Square Feet
  • 2098

Bedrooms
  • N/A

Bathrooms
  • 2

Heating
  • Has Heating:

    Yes

  • Heating Type:

    Central

Cooling
  • Has Cooling:

    No

  • Cooling Type:

    N/A

Fuel
  • Has Fuel:

    No

  • Fuel Type:

    N/A

Basement
  • Has Basement:

    No

  • Basement Type:

    N/A

Flooring
  • Has Flooring:

    No

  • Flooring Type:

    N/A

Fireplace
  • Has Fireplace:

    Yes

  • Fireplace Type:

    N/A

Property Details

Lot Size
  • 410074

Water
  • No

Sewer
  • No

Parking
  • Type:

    Garage, Attached

  • Location:

    N/A

  • Status:

    N/A

  • Number of Spaces:

    3

Deck
  • No

Patio
  • No

Fence
  • No

Pool
  • No

Porch
  • Yes

Stoop
  • No

Breezeway
  • No

Construction Details

Number of Stories
  • 1

Style
  • N/A

Exterior
  • Wood Sheathing

Foundation
  • N/A

Roof
  • Hip

Roofing Material
  • Asphalt

Tax History

Year

Amount

Land

Improvement

Percent Change

Assessment

2020

$4,533

$0

$0

--%

$261,909

2019

$4,710

$0

$0

--%

$251,016

2018

$4,090

$0

$0

--%

$214,273

2017

$3,807

$0

$0

--%

$197,132

2016

$3,630

$0

$0

--%

$186,674

2013

$2,807

$0

$0

--%

$152,226

2013

$2,807

$6,474

$138,048

--%

$144,522

2012

$3,216

$6,479

$134,075

--%

$140,554

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Average Home Price in 75090

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Calculators

Mortgage

Mortgage Calculator

Calculate your monthly mortgage payments.
Household Income
70,000
$
Home price
775,000
$
Down payment
155,000
$
Mortgage Rate
6.5
%
Loan Term
Property Tax Rate
1.1
%
Homeowner's Insurance (Annual)
4,650
$
HOA (Monthly)
0
$
PMI
0
$
$5,017
Your Payment
Total Monthly Payment:$5,017
Percent of Income:86%
Affordable:No

Details for 1612 WHITE MOUND RD

Property Debt

Foreclosure Contact Details