3990 Luella Road, Sherman, TX 75090
Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
Listed by: weston kirk
Office: all city
MLS#:21373557
Source:GDAR
Price summary
- Price:$299,999
- Price per sq. ft.:$64.1
About this home
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....
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Home facts
- Year built:1930
- Subdivision & Development:G-1300
- Listing ID #:21373557
- Added:24 day(s) ago
- Updated:September 25, 2026 at 12:07 PM
Rooms and interior
- Living area:4,680 sq. ft.
Structure and exterior
- Year built:1930
- Building area:4,680 sq. ft.
- Lot area:3.21 Acres
- Levels:2 Story
Schools
- High school:Tom Bean
- Middle school:Tom Bean
- Elementary school:Tom Bean
Finances and disclosures
- Price:$299,999
- Price per sq. ft.:$64.1
- Tax amount:$3,059
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