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$740,000

2605 Luella Rd, Sherman, TX, 75090

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,604 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$284.18 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Oven, Electric Water Heater, Gas Cooktop, Microwave, Double Oven, Vented Exhaust Fan
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesAwning(s), Lighting, RV Hookup, Storage, Garden
Lot Size7.47 acres

Building Information

Year Built1994
Roof Type109
Garage Spaces2

Land Information

APN204 6736008
Lot Number8
SubdivisionLos Colinas
Land UseResidential
Legal DescriptionLOS COLINAS, BLOCK 1, LOT 8, ACRES 7.47
Census Tract001801
Assessment Year2024

About this property

Quiet, peaceful, tranquil and calm are all words to describe this rare 7.45 acre property situated on a beautiful ridge in the sought after Luella Road area of Sherman! A private gated entrance leads to a circular drive and wrap around porch with views for days! This very well maintained modern farmhouse features an expertly updated kitchen (gorgeous!) that would be any chef's dream. The kitchen showcases NEW SS appliances, cabinets, countertops, backsplash, flooring AND a gas cooktop powered by propane. There's also an updated downstairs full bath & an industrial sized laundry room w sink, storage, dishwasher, drying racks, shiplap, new flooring, pocket door & a convenient mudroom right off of the drive through garage; So much character. Stunning hand scraped hardwoods & new modern tile flooring, brand new carpeting upstairs, new lighting, freshly painted and roomy. 3 living or dining areas, cozy fireplace and lots of versatile rooms in this home. Downstairs 4th bedroom features shiplap and would make a great office too. Enjoy coffee or a glass of wine on the newly stained covered back patio while admiring your lush land! The property showcases a 30x50 shop that includes electricity, water, concrete floor, 50 amp RV hookup and welding hook up. Also a 14x16 shed, chicken coop and fenced pasture land with shelter and water for your animals; including a lean to. Plenty of shady trees, groves, woods and gardens; this property has SO much to offer! Only minutes from downtown Sherman, Highway 75 and all that you need. This coveted Farmette or Gentleman's Farm is a retreat tucked away in nature and will not last long! Howe ISD. Newer roof, new upstairs AC unit, new hot water heaters w on demand ready hot water (plumbed for propane gas).

Investor Tools

Property Icon
$737,000
Estimated Property Value
$0Estimated Mortgage Balance
$737,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,440 /month
Positive
Cash Flow Estimate:
$1,480 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$868/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,729
$599,128
2024
N/A
N/A
$718,813
No

Tax History

Year
Tax Paid
Assessed Value
2023
$6,729
$599,128

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$737,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Sherman

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2605 Luella Rd | Property Details | No Agent List