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$120,000
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Property Description
Investor special AS IS in the heart of Sherman, TX 75090, a rare opportunity to finish out a high potential project where the heavy lifting is already done. This 4 bedroom, 2 bath home with 2,093 sq ft sits on a 6,638 sq ft lot and is ready for your vision. Major upgrades are complete, including a new roof, professionally stabilized foundation, and newly built front porch, eliminating some of the biggest renovation expenses. The home is now in the finish out phase, allowing you to choose flooring, paint, and kitchen, bath finishes to maximize value. Electrical has a new board with partial rewiring, HVAC ductwork is in place with partial upstairs install, and plumbing has begun with drains and vents, ready for completion. The spacious layout supports a desirable 4 bedroom configuration, ideal for resale or rental income. With easy access to Hwy 75, commuting to the DFW Metroplex is simple, while nearby schools, shopping, and dining add everyday convenience. Located in a rapidly growing market fueled by major employers like Texas Instruments and GlobiTech, this property offers strong upside potential. Whether you're flipping or holding, this is a strategic investment opportunity in a high growth area. Discounted rate options and no lender fee future refinancing may be available for qualified buyers of this home.
Full Property Details
Full Property Details for 1027 E Lamar St
General
- Price: $120,000
- Taxes: $1,999
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21252777
- Updated: 4/29/2026
- Added to Site: 29 day(s) ago
Interior
- Interior Features: Open Floorplan
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Common Area
Exterior
- Porch/Patio/Deck: Front Porch, Covered
Parking
- Carports: Yes
- Carport Spaces: 2
- Covered Spaces: 2
- Parking Features: Detached Carport
Location
- County: Grayson
- Subdivision: Chaffins 2nd Add
- Driving Directions: Head north on US-75 N. Exit onto S Sam Rayburn Fwy. Turn right onto TX-56 E . Lamar St. Destination will be on the left
School Information
- Elem School District: Sherman ISD
- Midd School District: Sherman ISD
- High School District: Sherman ISD
- Elementary School: Dillingham
- Middle School: Sherman
- High School: Sherman
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Traditional, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Other
- Roof: Shingle
- Stories/Levels: 1
- Living Area: 1,437 Sq. Ft.
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.152
- Lot Size (Sq. Ft.): 6,621.12
- Lot Features: Corner Lot
- Trees/Vegetation: Grassed
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $1,999
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Legal Description: CHAFFINS 2ND ADDN, BLOCK PT 21, ACRES .1524
- Property ID: 161531
- Block: 21
Listed by Orchard Brokerage, Melissa Newman
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Schools
Schools serving 1027 E Lamar St
School District:Sherman Independent School District
| Name | Grades | Distance |
|---|---|---|
Dillingham Elementary School 1701 Gallagher Drive, Sherman, TX 75090 | K-5 | 2.5 mi |
Sherman Middle 2201 East Lamar Street, Sherman, TX 75090 | 6-8 | 0.9 mi |
Sherman High School 2907 West Travis Street, Sherman, TX 75092 | 9-12 | 3.4 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1027 E Lamar St
Date
Details
Price
Change
Source
4/28/2026
Listed
$120,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1027 E Lamar St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,049
1374%
$91,152
-2%
2023
$139
—
$93,435
-14%
2022
$139
—
$108,395
30%
2022
$139
—
$83,590
14%
2021
$139
—
$73,246
14%
2020
$139
-87%
$64,522
64%
2018
$1,061
18%
$39,379
10%
2017
$898
4%
$35,799
3%
2016
$867
7%
$34,847
7%
2015
$807
-29%
$32,475
-25%
2019
$1,137
43%
$43,317
36%
2014
$793
-8%
$31,917
-9%
2013
$860
—
$34,934
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1027 E Lamar St
1027 E Lamar Street, Sherman, TX 75090 (MLS# 21252777) is a Single Family property with 4 bedrooms and 2 full bathrooms. 1027 E Lamar Street is currently listed for $120,000 and was received on April 28, 2026. Want to learn more about 1027 E Lamar Street? Do you have questions about finding other Single Family real estate for sale in Sherman? You can browse all Sherman real estate or contact a Coldwell Banker agent to request more information.

