StatusAccepting Backup Offers (Active Under Contract)
About 631 Luella Rd
1200 feet from the Billion Dollar Bel Air Lagoon Development!! Located in the booming hot market of Sherman, Texas. This property sits in the middle of major upcoming development with Lennar building next door (400 plus single family units), Multi Family coming across the street in both directions. With tons of road frontage, this property is a great opportunity for Mini Storage facility or other commercial ideas. No City oversight yet on the property! Early 1900s dilapidated school house currently sits on property. Do not enter structure without agent.
Last updated on: 11/5/2024, 6:21:08 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$83
$57,897
2020
$703
$34,797
2019
$813
$31,634
2018
$814
$35,789
2017
$728
$34,867
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$2,313
Per Month
Principal & Interest
$2,246
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$1,416
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Henry W Sory Elementary School
120 Binkley Park Dr
Distance between this listing and this school3.73 miles
Public District Grades PK-4
Middle School
4
/10
Piner Middle School
402 W Pecan St
Distance between this listing and this school3.62 miles
Public District Grades 7-8
High School
3
/10
Sherman High School
2201 E Lamar St
Distance between this listing and this school3.53 miles
Public District Grades 9-12
Assigned Schools
3
/10
Henry W Sory Elementary School
120 Binkley Park Dr
Distance between this listing and this school3.73 miles
Public District Grades PK-4
Nearby Schools
2
/10
Washington Elementary School
815 S Travis St
Distance between this listing and this school2.91 miles
Public District Grades PK-4
2
/10
Crutchfield Elementary School
521 S Dewey Ave
Distance between this listing and this school3.18 miles
Public District Grades KG-4
Assigned Schools
4
/10
Piner Middle School
402 W Pecan St
Distance between this listing and this school3.62 miles
Public District Grades 7-8
Nearby Schools
7
/10
Howe Middle School
300 Beatrice St
Distance between this listing and this school6.30 miles
Public District Grades 5-8
5
/10
Tom Bean Middle School
289 Franklin Rd
Distance between this listing and this school6.62 miles
Public District Grades 6-8
Assigned Schools
3
/10
Sherman High School
2201 E Lamar St
Distance between this listing and this school3.53 miles
Public District Grades 9-12
Nearby Schools
7
/10
Howe High School
200 Ponderosa Rd
Distance between this listing and this school4.52 miles
Public District Grades 9-12
4
/10
Tom Bean High School
7719 State Hwy 11
Distance between this listing and this school6.62 miles
The neighbors living near this home have an average income of $80,313. Most Sherman, TX residents have annual incomes between $35k-100k. Most families are married, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 631 Luella Rd
What is the listing price of this property?
The listing price of 631 Luella Rd property is $450,000.
What type of property is this?
The property 631 Luella Rd is land located in Sherman, Texas, 75090.
Is this property for sale now?
Accepting Backup Offers: 631 Luella Rd is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 631 Luella Rd are: Henry W Sory Elementary School: GreatSchools Rating 3/10Piner Middle School: GreatSchools Rating 4/10Sherman High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $83 (source: MLS/based on county public records data).
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 631 Luella Rd in Sherman, TX and zip code 75090. This home, which was built in 1940, sits on a 2.03 acre lot. It has been listed on Rocket Homes since September 20, 2024 and is currently priced at $450,000.
Between September 2024 and October 2024, Sherman, TX real estate market has seen increase in the number of listings by 9.3%. The median list price of listings available in October 2024 was $309,900, while the average time on the real estate market was 90 days.
From Rocket Homes Real Estate and based on county public records data.
©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Hunting
Hunting
Monster Trucks
NASCAR
Dick's Sporting Goods
Dillards
Wal-Mart
Texas Roadhouse
Cracker Barrel
Hardee's
Subaru
Cadillac
Chevrolet
New Country
News/Talk/Information
Country