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$649,000

511 S Travis St, Sherman, TX, 75090

Under ContractInfo
Beds4 Beds
Baths5 Bath
Baths3,422 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.66 / sqft
Year BuiltBuilt in 1900

Property Lead Type:

Absentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Microwave, Vented Exhaust Fan
FlooringCarpet, Ceramic Tile, Hardwood, Marble, Tile

Exterior

Exterior FeaturesBalcony, Courtyard, Lighting, Storage
Lot Size13,852 sqft

Building Information

Year Built1900
Roof Type109
Garage Spaces3

Land Information

APNS041 0056075
SubdivisionBlagg Samuel A-G0056
Land UseResidential
Legal DescriptionG-0056 BLAGG SAMUEL A-G0056, ACRES .318
Census Tract002000
Assessed Land Value$88,099
Assessed Improvement Value$750,123
Assessment Year2025

About this property

Built in 1900, this remarkable historic Sherman property is a blend of timeless craftsmanship, elegant architecture, and modern versatility. Offering 4 bedrooms, 3 full baths, 2 half baths, every space reflects the character and quality that make historic properties so special. When you arrive, the stately front porch, towering columns, stained glass windows, and gated driveway create an unforgettable first impression. Inside, you'll find rich architectural details, beautiful woodwork, soaring ceilings, and craftsmanship that simply cannot be replicated today. The home features two spacious primary suites, a fully finished attic offering additional living space, and a basement providing valuable storage rarely found in North Texas. The detached carriage house with a two-car garage adds even more flexibility as a guest house, private office, workshop, studio, or additional storage. What truly sets this property apart is its unique potential. According to the City of Sherman, the property is currently zoned C-1 (Retail Business District) This creates a rare opportunity for a wide variety of commercial uses, including professional and government offices, medical and dental clinics, health and wellness businesses, barbershops, bakeries, catering services, florists, neighborhood grocery or specialty food stores, massage therapy, laboratories, restaurants, boutiques, retail shops, and many other permitted uses. Please see TransactionDesk for the GIS map, City of Sherman Use Type Chart, and the City's email confirming the current C-1 zoning designation. Buyers are responsible for independently verifying all zoning information, permitted uses, grandfathered residential status, and any intended use with the City of Sherman. Whether you're looking for an extraordinary historic home, a signature business location, or a unique investment opportunity, 511 S. Travis Street is truly one of Sherman's architectural treasures. Schedule your private showing today.

Investor Tools

$210,017Estimated Mortgage Balance
$482,685Estimated Equity
65% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,152 /month
Positive
Cash Flow Estimate:
$1,384 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,226/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,258
$615,929
2025
$88,099
$750,123
$838,222
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,258
$615,929

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Building Or Construction Loan
$220,000
No
First
Jan 2, 2024
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$210,017
$405,912
65%
30%
$1,320/mo

City: Sherman

511 S Travis St | Property Details | No Agent List