Address
3990 Luella Road, Sherman, TX
Price
$ 299,999
Property Attributes
- MLS#21373557
- TypeSingle Family
- Listing Status Active
- CountyGRAYSON
- CitySherman
- NeighborhoodG-1300
- Zip75090
- StyleSingle Family Residence
- Year Built1930
- Taxes$ 3059
- Price$ 299,999
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage4680
- Lot Size3.21 Acres
Data Source:
North Texas Real Estate Info Systems (NTREIS)
Property Description
Rare acreage investment and renovation opportunity in Sherman, Texas. Situated on approximately 3.21 acres in Grayson County, this distinctive two-level 1930 structure offers substantial space, soaring ceilings and a flexible open layout ready for a complete transformation. The upper level features a large open room with impressive ceiling height, while the lower level was previously used as workspace and storage. The property is being sold strictly as-is for cash and requires extensive renovation. Known conditions include roof and moisture damage, deteriorated sheetrock, no central HVAC and deferred maintenance. The building and grounds contain personal property that may remain at closing. Buyers should perform independent inspections and verify square footage, condition, utilities, permitted uses and insurability. With direct frontage on Luella Road and convenient access to Sherman, Tom Bean, Howe and the expanding US-75 employment corridor, this property may appeal to investors, contractors, preservation-minded buyers or anyone seeking a unique acreage redevelopment project. Potential for residential renovation, adaptive reuse or subdivision should be independently verified with Grayson County and any other applicable authorities. Public water and septic are reported but must be confirmed by the buyer. Bring your vision to this one-of-a-kind Grayson County investment property.
| Elementary School |
|---|
| Tom Bean Elementary School |
| Price History | |
|---|---|
| 8/31/2026 | Listed $299,999 |
General Features
| Utilities | City Water,Septic |
|---|---|
| Possession | Closing/Funding |
| Appliances | Other,None |
| School District | Tom Bean ISD |
| Year Built | 1930 |
| Levels | Two |
| Unexempt Taxes | 3059 |
| Will Subdivide | Yes |
| Property Subtype | Single Family Residence |
| Subdivision Name | G-1300 |
| Transaction Type | For Sale |
| County | Grayson |
| Property Type | Residential |
| HOA Type | None |
| Status | Active |
| Directions | See Maps |
| City | Sherman |
| Elementary School Name | Tom Bean |
| High School | Tom Bean |
| Elementary School | Tom Bean |
| Virtual Tour URL Unbranded | https://www.propertypanorama.com/instaview/ntreis/21373557 |
| Standard Status | Active |
Interior Features
| Interior Features | Open Floorplan |
|---|---|
| Living Areas | 1 |
| Room Count | 1 |
| Lock Box Type | None |
Exterior Features
| Parking Features | Other |
|---|---|
| Lot Size | 3 to < 5 Acres |
| Lot Size Area | 3.2100 |
| Lot Size Units | Acres |
| Structural Style | Single Detached |
| Lot Size Square Feet | 139827.6000 |
| Lot Size Acres | 3.2100 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 75090
Price
Taxes
Year Built
Visits
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