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Grayson, US
Investor special with strong upside in Gordonville.
Located in a quiet lake-side community near Lake Texoma, this property sits on a large double lot with mature trees and a secluded setting, offering both privacy and potential.
The home includes separate entrances for both upstairs and downstairs, creating excellent rental or multi-generational possibilities.
The downstairs is currently unfinished and designed for 2 bedrooms, 1 full bath, a living area, and storage. It will need sheetrock, flooring, and full finish-out to complete.
The upstairs is fully functional, featuring an open kitchen, a spacious family room with tile flooring, 3 bedrooms, and 1.5 baths.
Additional improvements are needed, including a new roof and siding updates. Once renovations are complete, the property’s estimated after-repair value (ARV) is approximately $290,000, creating excellent upside for investors.
Just minutes from Lake Texoma and Sherman, this home offers seclusion, space, and long-term potential in a desirable and growing area.
Courtesy Of: James Spece - Realtor Inc.
Feature Highlights
- Dining Room
- Family Room
- Fireplace
- Tile Floor
General Features
- Style:
- Split Level,Traditional
- Foundation Type:
- Pillar/Post/Pier
- Garage:
- Circular Driveway,Garage Faces Front,Garage Faces Rear,Garage Faces Side
Public Schools
- School District:
- Whitesboro ISD
- Elementary School:
- Whitesboro
- Middle School:
- Whitesboro
- High School:
- Whitesboro
Interior Features
- Baths Full:
- 2
- Baths Half:
- 1
- Beds Total:
- 5
- Room Count:
- 12
- Fireplace Features:
- Gas Logs
- Fireplaces Total:
- 1
- Flooring:
- Ceramic Tile
- Heating:
- Electric,Zoned
- Interior Features:
- Cable TV Available,Decorative Lighting,Sound System Wiring,Vaulted Ceiling(s)
- Number Of Living Areas:
- 2
- Number Of Dining Areas:
- 2
Exterior Features and Amenities
- Lot Size Units:
- Acres
- Subdivision Name:
- Wright Acres
- Roof:
- Composition
- Parking Features:
- Circular Driveway,Garage Faces Front,Garage Faces Rear,Garage Faces Side
- Architectural Style:
- Split Level,Traditional
- Lot Size Area:
- 0.2790
- Lot Size:
- Less Than .5 Acre (not Zero)
- Lot Features:
- Cul-De-Sac,Greenbelt,Interior Lot,Lrg. Backyard Grass,Many Trees
- Community Features:
- Greenbelt,Marina
Utility Information
- Utilities:
- City Water,Septic
Financial
- Tax Legal Description:
- WRIGHT ACRES, LOT 32 & 33
- Transaction Type:
- For Sale
- Unexempt Taxes:
- $2,630.00
Other Features
- Parcel Number:
- 103331
- Possession:
- Closing/Funding
- Foundation Details:
- Pillar/Post/Pier
- Construction Materials:
- Wood
- Structural Style:
- Lake House,Single Detached
- Will Subdivide:
- No
Copyright 2025 NTREIS. All rights reserved. The data relating to real estate for sale on this Web site comes in part from the Internet Data Exchange Program of the NTREIS. Real estate listings held by brokerage firms other than SRE-Sudderth Real Estate includes the name of the listing brokers.
Data last updated: 2025-09-04.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale.
