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$799,000

5282 Luella Road, Sherman, TX, 75090

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,487 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$321.27 / sqft
Year BuiltBuilt in 1995

Property Lead Type:

Must-SellHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave

Exterior

Exterior FeaturesStorage
Lot Size10.92 acres

Building Information

Year Built1995
Roof Type109
Garage Spaces2

Land Information

APN226 084700108
SubdivisionMccauliss W W A-G0847
Land UseResidential
Legal DescriptionG-0847 MCCAULISS W W A-G0847, ACRES 10.92
Census Tract001801
Assessed Land Value$19,966
Assessed Improvement Value$367,322
Assessment Year2025

About this property

Welcome to your private slice of North Texas countryside! Nestled on a spacious 10.92 acre parcel along Luella Road, this charming property offers the perfect blend of rural tranquility and convenient access to town amenities. Recent updates make this home move-in ready, including new tile flooring throughout and fresh paint across the entire interior, creating a clean and modern feel. The spacious primary retreat is truly impressive, featuring a private sitting area with a warm, inviting fireplace and direct access to the covered back porch overlooking the scenic hillside. You’ll love the TWO oversized master closets, plus a spa-inspired ensuite complete with a relaxing jetted tub—perfect for unwinding at the end of the day. Safety is a priority with an underground tornado shelter conveniently located in the attached oversized two-car garage. Step outside and enjoy a rare bonus—this property backs up to a lake, offering peaceful water views and direct access for recreation. Bring your boat and take full advantage of lakeside living right in your backyard! With wide-open skies, mature trees, and plenty of room for outdoor activities, gardening, or future expansion, the possibilities are endless. A 1,500 sq ft metal workshop with both plumbing and electricity offers incredible flexibility. Previously used as temporary living space during the home’s construction, it includes a sink, shower, toilet, and power—making it ideal for guest quarters! The shop also features three 12-foot roll-up doors, providing excellent ventilation and easy access—plus stunning views of unforgettable sunrises. With NO HOA, low taxes, agricultural exemption, and no known restrictions, this is a rare find. Enjoy the tranquility and privacy of country living while staying just minutes from city conveniences. Listing agent is seller.

Investor Tools

$567,875Estimated Mortgage Balance
$273,125Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,046 /month
Positive
Cash Flow Estimate:
$1,682 /month

Interested in this property?

David Dutze

EXP REALTY

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$425/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$896
$387,288
2025
$19,966
$367,322
$798,094
No

Tax History

Year
Tax Paid
Assessed Value
2024
$896
$387,288

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Pros Inc
Conventional
$575,437
No
First
Sep 5, 2025
Oct 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$567,875
$273,125
32%
68%
$3,451/mo

City: Sherman

5282 Luella Road | Property Details | No Agent List