504 E STATE HIGHWAY 11 #506, TOM BEAN, TX 75489

Homes for sale in Tom Bean.

Homes for sale in 75489.


Active

List Price$390,000

504 E State Highway 11 #506

Tom Bean, TX 75489

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Listing #21365970

3

Bedrooms

2 full

Bathrooms

2,376

Square Feet

House

Type

About This Property

Two homes, two addresses, and multiple possibilities--all in one distinctive offering. Schedule a showing and explore the investment, income, and lifestyle potential of this unique Tom Bean property. Discover a rare opportunity to own two separate, detached single-family homes at 504 and 506 E. Hwy 11 in Tom Bean. Together, the homes offer a total of six bedrooms and four full bathrooms, making this an attractive option for investors, owner-occupants, or multigenerational living. This is not a duplex--the homes are completely separate and share no connecting walls. That distinction gives occupants considerably more privacy and independence than a traditional side-by-side property. Attached garage, approximately 1,188--1,250 square feet in each home. Comfortable living areas with vaulted-ceiling detail, Central heating and air conditioning, Electric kitchen appliances, all bedrooms and one bath upstairs, one bath and laundry downstairs. For investors, this offering provides two income-producing residences in one purchase. Current rents have not kept pace with the properties' values, giving a new owner the opportunity to evaluate future rental rates and improve overall income potential, subject to existing leases, market conditions, and applicable regulations. For buyers seeking a primary residence, the possibilities are equally appealing: live in one home and rent the second to help offset ownership costs. Because the houses are detached, you can enjoy your own private residence while your renter occupies a completely separate home. The arrangement could also accommodate extended family members while allowing each household to maintain its own space and privacy. Located directly on Hwy 11, the property offers convenient access to Sherman, US Highway 75, employment, shopping, dining, and other North Texas destinations while retaining the comfortable pace of Tom Bean living.

Property Features

Location Information

County

Grayson

Subdivision

Annibal Bartlett

Interior Features

Rooms

Second Floor Bedroom, Second Floor Bedroom, First Floor Kitchen, First Floor Living Room, Second Floor Primary Bedroom

Has Fireplace

No

Interior

Eat-in Kitchen

Number of Fireplaces

0

Master Bedroom Description

1 x 1

Heating

Central, Electric

Full Baths

2

Cooling

Central Air, Electric

Living Room Description

1 x 1

Appliances

Electric Range

Kitchen Description

1 x 1

Exterior Features

Style

Detached

Garage Spaces

1

Stories

2

Pool Description

None

Utilities

Sewer Available, Water Available

Lot Size in Acres

0.18

Parking Description

Concrete

Lot Size in Sq. Ft.

7,840

Has Garage

Yes

Is One Story

No

School

Elementary School District

Tom Bean ISD

Jr. High School

Tom Bean

Elementary School

Tom Bean

High School

Tom Bean

Additional Information

Property Type

SFR

Status

Active

Property SubType 2

House

Has a Home Owners Association

No

Property SubType

Single Family Residence

Tax Annual Amount

6405.0

Year Built

1999

Similar Listings

Mortgage Calculator

$1,821

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,405

Monthly Tax

$325

Monthly Insurance

$91

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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