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$502,406

NAL Estimated Property Value

3520 Luella Road, Sherman, TX, 75090

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,715 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$120.63 / sqft
Year BuiltBuilt in 1979

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Double Oven, Electric Range, Microwave, Plumbed For Ice Maker, Electric Water Heater
FlooringCarpet, Ceramic Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Rain Gutters
Lot Size37,470 sqft

Building Information

Year Built1979
Garage Spaces5

Land Information

APN187A6621028
SubdivisionLuella Heights
Land UseResidential
Legal DescriptionLUELLA HEIGHTS, BLOCK 2, LOT E 1/2 14
Census Tract001801
Assessed Land Value$82,922
Assessed Improvement Value$444,722
Assessment Year2025

About this property

Beautiful 3 bedroom, 2 bath, 2 living areas, 2 dining areas & 5 car attached garage all on right at an acre lot. Home features large open family room with corner brick fireplace open to the kitchen which includes large work island & breakfast bar with all builtin appliances & granite counters. Large second living area could be gameroom, media room or bedroom. Master suite with walkin closet & full bath with large shower & his-her vanities. Nicely sized 2nd & 3rd bedrooms & bath. Attached sunroom with AC for enjoying those mornings, large patio & above ground pool with deck built around it for entertaining. Large privacy fenced backyard, side entry attached 5 car garage. Enjoy the country being close to town.

Investor Tools

Property Icon
$502,406
Estimated Property Value
$297,238Estimated Mortgage Balance
$205,168Estimated Equity
40% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,014 /month
Positive
Cash Flow Estimate:
$1,005 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$518/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,698
$502,406
2025
$82,922
$444,722
$527,644
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,698
$502,406

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Keller Mortgage Llc
Fha
$318,131
Yes
First
Dec 11, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,238
$205,168
40%
59%
$1,989/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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3520 Luella Road | Property Details | No Agent List