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$239,000 Just Listed
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Property Description
Investor Special with Endless Potential! Opportunity awaits with this Investor Special situated on a fenced, over-sized corner lot in a convenient small-town location. Whether you're looking for your next rental property, flip project, or affordable home to personalize, this property offers outstanding potential. A detached shop provides the perfect space for a workshop, craft room, hobby area, or the ultimate man cave. Relax year-round in the sun-room or back porch overlooking the spacious backyard, where mature shade trees create a peaceful outdoor setting. Conveniently located close to all schools, this property is also just 20 minutes from Lake Ray Roberts, where you'll enjoy boating, fishing, beaches, and outdoor recreation. Commuters will appreciate being approximately 45 minutes from Frisco and only one hour from Dallas-Fort Worth International Airport. Bring your vision and transform this property into something special. With a great location, over-sized lot, detached shop, and plenty of potential, this is an opportunity you won't want to miss! Property has potential mold in several locations, sellers have not had the property evaluated.
Full Property Details
Full Property Details for 503 Sherman St
General
- Price: $239,000
- Taxes: $6,117
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21320964
- Updated: Today (7/3/2026)
- Added to Site: Today
Interior
- Interior Features: High Speed Internet
- Appliances: Dishwasher, Gas Range
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Washer Hookup, Dryer Hookup
Exterior
- Porch/Patio/Deck: Covered
Parking
- Carports: Yes
- Carport Spaces: 1
- Covered Spaces: 2
- Parking Features: Detached Carport, Driveway, Garage
Location
- County: Grayson
- Subdivision: Mershons Add
- Driving Directions: GPS
School Information
- Elem School District: Tioga ISD
- Midd School District: Tioga ISD
- High School District: Tioga ISD
- Elementary School: Tioga
- Middle School: Tioga
- High School: Tioga
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
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
- Roof: Composition
- Stories/Levels: 2
- Living Area: 1,844 Sq. Ft.
- Year Built: 1999
Additional Structures
- Other Structures: Garage(s), Storage, Workshop
Lot Features
- Lot Size (Acres): 0.499
- Lot Size (Sq. Ft.): 21,736.44
- Lot Size Source: Public Records
- Lot Features: Acreage
- Trees/Vegetation: Grassed
- Fencing (Description): Vinyl
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $6,117
- Terms: Cash, Conventional
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: MERSHONS ADDN, 104.25X208.5, ACRES .499
- Property ID: 209265
Listed by Ready Real Estate LLC, Michael Sanders
Get Pre-Approved Today
Schools
Schools serving 503 Sherman St
School District:Tioga Independent School District
| Name | Grades | Distance |
|---|---|---|
Tioga School 405 North Florence Street, Tioga, TX 76271 | K-12 | 0.2 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 503 Sherman St
Date
Details
Price
Change
Source
7/03/2026
Listed
$239,000
—
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 503 Sherman St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$995
—
$281,756
10%
2023
$995
-43%
$256,142
-13%
2022
$1,737
—
$294,843
21%
2022
$1,737
—
$242,743
26%
2021
$1,737
—
$192,443
-1%
2020
$1,737
-59%
$193,609
22%
2018
$4,255
6%
$158,383
7%
2017
$4,024
9%
$148,332
10%
2016
$3,676
6%
$134,847
7%
2015
$3,459
-22%
$125,784
-28%
2019
$4,414
44%
$174,221
52%
2013
$3,071
—
$114,349
3%
2013
$3,071
—
$110,636
—
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 503 Sherman St
503 Sherman Street, Tioga, TX 76271 (MLS# 21320964) is a Single Family property with 3 bedrooms and 2 full bathrooms. 503 Sherman Street is currently listed for $239,000 and was received on July 03, 2026. Want to learn more about 503 Sherman Street? Do you have questions about finding other Single Family real estate for sale in Tioga? You can browse all Tioga real estate or contact a Coldwell Banker agent to request more information.

