1 year on rocket

5051LOYLAKEROAD Terrell Rd, Sherman, TX, 75090

$5,200,000

40.00 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeUnimproved Land
MLS #20252884
Lot Size40.00 Acres
StatusActive

About 5051LOYLAKEROAD Terrell Rd

Excellent development opportunity. Less than 0.5 miles from HWY 75. 1.4 miles from Texoma Medical Center. Currently, ag exempt, grow Bermuda hay. Zoned SF-1 minimum of 6000sq feet lot size. Can also be developed to one-acre lots. Within Sherman city limit and in an opportunity zone. No flood plain. Rolling Terrian includes a pond and creek running through scattered woods. Stunning views from the hilltop. Buyer to pay rollback taxes if current use is changed. Buyer, buyer agent to confirm sewage and water utilities at the site. ESA phase 1 is complete. New survey less than one-year-old available. Please look at the transaction desk for documents. Buyer, Buyer agent to confirm the information provided.

Property Details

Property Features

Listing Office:

  • Office Name: Beam Real Estate, LLC
  • Office Phone: (214) 300-8162
  • Listing Agent: Jaya Bathina

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Lot Features

Lot Information:

  • Lot: City Lot
  • Lot Size: 40.00 Acres

School Info

Assigned Schools Information:

  • Denison High School, Public District Grades 9-12
  • B Mcdaniel Middle School, Public District Grades 6-8
  • Hyde Park Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: Drive north on HWY 75 from Frisco. Exit 65, turn left on FM-691, and in 1-mile turn left on Loy Lake Road. Drive 1000 feet on the loy lake road, the property is on the left.

Price Information

Listing Price Info

Price Summary:

  • List Price: $5,200,000
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Housing Market Comparison

See how this home compares to others in Sherman, TX.

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Sherman, TX

City

Med. List Price

$319.5K

Med. Price/SqFt

$173

Avg. Days On Market

73

# of Sold Homes

45

5051LOYLAKEROAD Terrell Rd vs Sherman

457 DAYS ON ROCKET

+384 Days

$5,200,000

+$4.8M More

KEY TAKEAWAY

This property is $4.8M more than the Median List Price in Sherman, TX.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NTR
  • MLS Number: #20252884

Listing Office:

  • Office Name: Beam Real Estate, LLC
  • Office Phone: (214) 300-8162
  • Listing Agent: Jaya Bathina

IDX ©2024 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.


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Last updated on: 5/9/2024, 2:20:42 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$26K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$15.6K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-9393611
4
/10

  • Hyde Park Elementary School

  • 1701 S Hyde Park Ave

  • 3.16 miles

  • Public District Grades PK-5

Middle School

school-card-donut-9393612
6
/10

  • B Mcdaniel Middle School

  • 400 N Lillis Ln

  • 4.41 miles

  • Public District Grades 6-8

High School

school-card-donut-9393613
4
/10

  • Denison High School

  • 1901 S Mirick Ave

  • 4.17 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,824. Residents of Sherman, TX typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5051LOYLAKEROAD Terrell Rd

What is the listing price of this property?

The listing price of 5051LOYLAKEROAD Terrell Rd property is $5,200,000.

What type of property is this?

The property 5051LOYLAKEROAD Terrell Rd is land located in Sherman, Texas, 75090.

Is this property for sale now?

Active Listing: 5051LOYLAKEROAD Terrell Rd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5051LOYLAKEROAD Terrell Rd are:
Hyde Park Elementary School: GreatSchools Rating 4/10
B Mcdaniel Middle School: GreatSchools Rating 6/10
Denison High School: GreatSchools Rating 4/10

How much acreage is this property?

The property 5051LOYLAKEROAD Terrell Rd is 40.00 acres.
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Rocket Homes›Texas›Grayson County›Sherman›75090›5051LOYLAKEROAD Terrell Rd

This home is located at 5051LOYLAKEROAD Terrell Rd in Sherman, TX and zip code 75090. This home sits on a 40.00 acre lot. It has been listed on Rocket Homes since February 07, 2023 and is currently priced at $5,200,000.

The inventory of homes for sale in Sherman, TX between March 2024 and April 2024 increased by 6.8%. Listings spent 73 days on the market in April 2024, and had a median list price of $319,533 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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