This is an rare opportunity to acquire a large parcel of land in the rapidly changing East End. Hard corner lot. This sale consists of 1 parcel of 27,000 and 1 other contiguous parcel of 6,500 sq. ft. with a rented residence. Idealy like to sell together but would sell 27,000 sq ft by itself. The main building on Sherman is rented out with leases expiring in about 1 year. Lockwood property currently vacant as of Sept 15. Was used as 2 bd, 1 1/2 bath residential workshop. You can keep the buildings rented while you plan for redevelopment. This is currently priced below what other deals are getting done in the East End (EADO). Only 2.5 miles from the 169acre East River Project development by Midway. City infrastructure being updated on the street. New housing being built all around. One block to the Hike and Bike trail. Purchase both parcels on Sherman and Lockwood for additional Pricing Enhancements. The RED OUTLINE in the picture shows both properties together.
Property Details
Property Features
Listing Office:
Office Name: NB Elite Realty
Office Phone: (844) 444-6237
Listing Agent: Charles Irwin
Lot Features
Lot Information:
Lot: Corner Lot, Level, Open Lot, Other, Split Possible
Lot Size: 0.62 Acres
Other
Directions Information:
Directions: Corner of Lockwood and Sherman St. Via Lockwood from either 610 or 45. The Lockwood property is the light blue building next to the main lot. It has white garage door.
Price Information
Listing Price Info
Price Summary:
List Price: $1,625,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Houston, TX.
This property is $1.3M more than the Median Sold Price in Houston, TX.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: HAR
MLS Number: #45312626
Listing Office:
Office Name: NB Elite Realty
Office Phone: (844) 444-6237
Listing Agent: Charles Irwin
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”.
Last updated on: 12/22/2024, 7:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$8,178
Per Month
Principal & Interest
$8,111
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,938
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Ripley House Charter School
4410 Navigation Blvd
Distance between this listing and this school0.38 miles
Public Charter Grades PK-5
6
/10
Burnet Elementary School
5403 Canal St
Distance between this listing and this school0.59 miles
Public District Grades EE-5
8
/10
Lantrip Elementary School
100 Telephone Rd
Distance between this listing and this school0.60 miles
Public Magnet Grades EE-5
Nearby Schools
4
/10
Ripley House Middle Campus
4410 Navigation Blvd
Distance between this listing and this school0.38 miles
Public Charter Grades 6-8
5
/10
Navarro Middle School
5100 Polk St
Distance between this listing and this school0.78 miles
Public District Grades 6-8
9
/10
Project Chrysalis Middle School
4528 Leeland St
Distance between this listing and this school0.86 miles
Public District Grades 6-8
Nearby Schools
6
/10
Middle College High School at Hcc Fraga
301 N Drennan St
Distance between this listing and this school0.50 miles
Public District Grades 9-12
9
/10
East Early College High School
220 N Milby St
Distance between this listing and this school0.54 miles
Public Magnet Grades 9-12
9
/10
Eastwood Academy
1315 Dumble St
Distance between this listing and this school0.74 miles
The neighbors living near this home have an average income of $28,062. The most common annual income of people living in Houston, TX is less than $35k. The most common type of family is single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 4615 Sherman
What is the listing price of this property?
The listing price of 4615 Sherman property is $1,625,000.
What type of property is this?
The property 4615 Sherman is land located in Houston, Texas, 77011.
Is this property for sale now?
Active Listing: 4615 Sherman is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 4615 Sherman in Houston, TX and zip code 77011 in the South Central Houston neighborhood. This home sits on a 0.62 acre lot. It has been listed on Rocket Homes since September 09, 2024 and is currently priced at $1,625,000.
In November 2024 more than 263 listings in Houston, TX were sold above the asking price. During the same period more than 354 listings were sold at asking price, while more than 1060 were sold below. In November 2024 in Houston, TX there were 8.5% more homes for sale than in October 2024. The median list price of listings available in November 2024 was $319,921, while the average time on the real estate market was 40 days.
From Rocket Homes Real Estate and based on county public records data.
Disclaimer: The MLS data is provided exclusively to Participants or Subscribers for display on their website solely for consumers’ personal, non-commercial use, that the MLS data may not be used for any purpose other than to display prospective properties consumers may be interested in purchasing or leasing. Information contained on the computer print-outs of the Multiple Listing Service (MLS) of the HOUSTON REALTORS® INFORMATION SERVICE (HRIS) is furnished by MLS Participants for dissemination to other MLS Participants, for their exclusive use, and should not be relied upon by Buyer/Tenant or any other person. There is no express or implied warranty by HRIS or MLS as to the accuracy of such information, which should be independently verified by Buyer/Tenant or such other person. MLS does not verify the information and disclaims any responsibility for its accuracy. Any estimate of value was prepared using automated processes and should not be considered a comparative market analysis (CMA) or appraisal. You may contact us to provide additional information and analysis for a more accurate estimate of the property's value. Digital images modified or enhanced to alter real property characteristics contain a visible and legible watermark across the bottom of the image “Image does not represent actual property as is”. 
Pro Boxing
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Burlington
H&M
Foot Locker
White Castle
Boston Market
Little Caesars
Kia
Honda
Dodge
Urban Adult Contemporary
Rhythmic Contemporary Hits