504 E STATE HIGHWAY 11 #506, TOM BEAN, TX 75489
Homes for sale in Tom Bean.
Homes for sale in 75489.
List Price$390,000
504 E State Highway 11 #506
Tom Bean, TX 75489
Listing #21365970
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.
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