NOT LISTED FOR SALE

611 E Highway 11 Tom Bean, TX 75489

Estimated Value: $320,000 - $323,763

6 Beds
3.5 Baths
-- Sq Ft
0.64 Acres

Last Sold October 14, 2022

Current estimated payment $2,193/month

5 Days on Market

Highlights

  • 8 Car Direct Access Garage
  • 1-Story Property
  • Heating Available
  • Tom Bean Elementary School Rated A-
  • High Speed Internet

About This Home

As of October 2022

INVESTOR SPECIAL! Great income producing TRI PLEX right outside of the rapidly growing Sherman area. NOI $21,164.00 puts this property at an 8.5% CAP rate, perfect add to any size portfolio. New refrigerators in each unit will convey, new HEAT and COOL air conditioning units installed in each unit, and new fixtures in each unit. Recent improvements include fresh paint, roof repairs, and soffit + facia repairs. Don't miss out on this great investment opportunity.

Last Agent to Sell the Property

Taylor Lokey

Scott Brown Properties Inc License #0705913 Listed on: 09/21/2022

Last Buyer's Agent

Brandan Bednarz

Tina Leigh Realty License #0746084

Tina Leigh Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,109

Year Built

  • Built in 1960

Lot Details

  • 0.64

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof
  • Concrete Siding
  • Block Exterior

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Parking

  • 8 Car Direct Access Garage
  • Open Parking
  • Parking Lot
  • Outside Parking

Schools

  • Tom Bean Elementary And Middle School
  • Tom Bean High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available
  • High Speed Internet

Additional Features

  • 1-Story Property
  • 0.64 Acre Lot

Community Details

  • 2 Buildings
  • 3 Units
  • 2,711 Sq Ft Building
  • Bartlett Annibal Surv Abs #12 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 152977
  • $3,476 per year unexempt tax

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,109

Year Built

Built in 1960

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Multi Parcel I D Y N: No
  • Municipal Utility District Y N: No
  • Net Operation Income: 21124
  • Will Subdivide: No
  • Accessibility Features Yn: No
  • Lake Pump Y N: No
  • Ratio Current Price By Building: 84.47068
  • Attribution Contact: 940-243-7368
  • Special Features: None
  • Year Built: 1960

Interior Features

  • Interior Amenities: High Speed Internet Available
  • Appliances: Dishwasher, Electric Range, Refrigerator

Beds/Baths

  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 6

Exterior Features

  • Pool: No
  • Foundation: Slab
  • Roof: Composition
  • Construction Materials: Block, Concrete, Wood
  • Waterfront: No

Garage/Parking

  • Cooling System: Wall/Window Unit(s)
  • Number Of Parking Spaces: 8
  • Parking Features: Direct Access, Open, Outside, Parking Lot
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Heating: Electric
  • Utilities: City Sewer, City Water

Condo/Co-op/Association

  • Complex Name: Hwy 11
  • Association Type: None

Schools

  • School District: Tom Bean ISD
  • Elementary School: Tom Bean
  • Middle School: Tom Bean
  • High School: Tom Bean
  • School District: Tom Bean ISD

Lot Info

  • Lot Size: .5 to < 1 Acre
  • Lot Size Units: Acres
  • Lot Size Area: 0.6400
  • Parcel Number: 152977
  • Lot Size Acres: 0.6400
  • Lot Size Sq Ft: 27878.4000

Green Features

  • Smart Home Features Appor Pass Y: No

Building Info

  • Year Built: 1960
  • Units Total: 3

Multi Family

  • Gross Annual Expenses: 4676.00
  • Gross Annual Income: 25800.00
  • Insurance Expense: 1200
  • Unit Count: 3

Tax Info

  • Unexempt Taxes: 3476

MLS Schools

  • Middle School Name: Tom Bean
  • Elementary School Name: Tom Bean
  • High School Name: Tom Bean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2022
Closed on
Oct 13, 2022
Sold by
611 Hwy 11 Llc
Bought by
Souder Jeffrey Charles
Seller's Agent
Taylor Lokey
Scott Brown Properties Inc
Buyer's Agent
Brandan Bednarz
Tina Leigh Realty
List Price
$249,000
Views
19
Current Estimated Value
$322,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.50%
Original Mortgage
$176,250
Interest Rate
5.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 5, 2022
Sold by
Avidha Llc
Bought by
611 Hwy 11 Llc and Oak Bend Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
5.78%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Souder Jeffrey Charles -- Spartan Title
611 Hwy 11 Llc -- Red River Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Souder Jeffrey Charles $183,739
Closed Souder Jeffrey Charles $176,250
Previous Owner 611 Hwy 11 Llc $185,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold -- -- --
09/26/2022 09/26/22 Pending -- -- --
09/21/2022 09/21/22 For Sale $249,000 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,109 $342,158 $26,181 $315,977
2024 $5,109 $262,675 $26,181 $236,494
2023 $4,377 $233,174 $24,991 $208,183
2022 $3,985 $195,467 $24,812 $170,655
2021 $3,604 $160,000 $20,630 $139,370
2020 $3,860 $160,000 $20,630 $139,370
2019 $2,746 $110,888 $12,266 $98,622
2018 $2,465 $98,632 $12,266 $86,366
2017 $2,487 $97,867 $12,266 $85,601
2016 $2,514 $98,928 $12,266 $86,662
2015 $0 $68,601 $12,266 $56,335
2014 -- $68,601 $12,266 $56,335
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2022

    Taylor Lokey

    Scott Brown Properties Inc

    (940) 243-7638

    120 Total Sales

    Section Image

  • B

    Buyer's Agent in 2022

    Brandan Bednarz

    Tina Leigh Realty

    Section Image
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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20168896

North Texas Real Estate Information Systems (NTREIS)

APN: 152977

Texas Grayson County Tom Bean

611 E Highway 11, Tom Bean, TX

This home is located at 611 E Highway 11, Tom Bean, TX 75489 since 21 September 2022 and is currently estimated at $321,882. This property was built in 1960. 611 E Highway 11 is a home located in Grayson County with nearby schools including Tom Bean Elementary School, Tom Bean Middle School, and Tom Bean High School.

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North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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