Maria Sosa

3990 Luella Road

Sherman, TX
$ 299,999 Beds 0 Baths 0 Sq 4,680 Virtual Tour
Monthly Estimate* How much can I afford?

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.

Active

  • Price
  • $ 299,999
  • City
  • Sherman
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • County
  • GRAYSON
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 3.21 Acres
  • Zip
  • 75090
  • Sqr Footage
  • 4,680
  • Year Built
  • 1930
  • Taxes
  • $ 3059
  • Style
  • Single Family Residence
  • MLS#
  • 21373557
Listed By: All City
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

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

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Tom Bean Elementary School
Middle School Unknown Middle School
High School

Price History

8/31/2026 Listed $299,999

Property vs Zip Code Average in 75090

Price
AVG $340K
$300K
Taxes
AVG $5,495
$3,059
Year Built
AVG 1988
1930
Visits
AVG 202
21
Data Provided by Inside Real Estate®

Areas That We Cover

3990 Luella Road Sherman, TX is a Single Family Home for sale at $299999 with 4680 sqft and a lot size of 3.21 Acres Acre(s). 3990 Luella Road Sherman has 0 bedrooms, 0 baths and was built in 1930. The property's zip code is 75090 which is in Sherman, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Maria Sosa

Maria Sosa

Realtor®

254-981-6389

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