$499,500
●
House -
Off Market
2905 Cathleen Lane S
Sherman, TX 75092
5 Beds
1 Bath,
1
Half Bath
3,844 Ft²
$662,086
RealtyHop Estimate
32.55%
Since Dec 1, 2020
National-US
Primary Model
About This Property
TWO HOMES IN ONE! This exquisite home sits on a beautiful corner
lot in Wilsonwood Estates. A recently added five star guest house
adjoins the main dwelling with a porte cochere, providing extra
covered parking for guests and visitors. More incentives that this
home offers are spacious bedrooms, sleek and stylish bathrooms,
study area, an upstairs bonus room, and a comfortable kitchen and
dining area. The expansive living area opens up to a rear covered
porch and pool for outdoor relaxation and entertainment. Master
bedroom is complete with a his and hers walk-in closet. The circle
driveway and lush green landscaping make for great curb appeal.
Come see it with your own eyes and let the enchantment unfold!
Unit Size
3,844 Ft²
Days on Market
-
Land Size
1.00 acres
Price per sqft
$130
Property Type
House
Property Taxes
$615
HOA Dues
-
Year Built
2010
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 3 years ago (NTREIS #14329027)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2022 | Sold | ||
| Sold | |||
| Sep 10, 2022 | Listed by Coldwell Banker Apex, REALTORS | $749,999 | |
| Listed by Coldwell Banker Apex, REALTORS | |||
| | |||
|
Two homes in 1 location,these Impeccable Ranch Style houses are located on an amazing 1 acre corner lot w an incredible POOL in Wilsonwood Estates!Boasting a unique opportunity for a multigenerational family or someone desiring an income producing situation 2905 Cathleen Lane IS exactly what you have been waiting for.Main House consists of approx 2600 sf w 4 bedrooms,2.1 baths on the first level plus a gameroom w bar up.Kitchen w granite counters tons of storage easy access to fm dining & views to the backyard.Living space w double doors leading to the covered patio & pool.Guest house is 1252 sf ft & was constructed in 2016 built w 2 spacious bedrooms plus an awesome Living room,full kitchen w eating bar,& laundry area that connects to the main house & has it's own oversized garage & porch.MUST have features also consist of a TORNADO shelter plus a GENERAC 2 upgrades that are not commonly found!Outside is for family & friends!Pool was constructed in 2021 & is surrounded by a huge deck
| |||
| Nov 13, 2020 | Sold | ||
| Sold | |||
| May 5, 2020 | Listed by Keller Williams North Country | $499,500 | |
| Listed by Keller Williams North Country | |||
Property Highlights
Parking Available
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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Baths
ft²
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About Sherman
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Listed by: Erica Tinajero, Keller Williams North Country
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14329027
Details provided by NTREIS and may not match the public record
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14329027
Details provided by NTREIS and may not match the public record
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