2 months on rocket

TX-56 Mitchell Rd, Sherman, TX, 75090

$3,990,000

68.00 Acres
Land
Schools Nearby

Location

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Property Highlights

Home TypeUnimproved Land
MLS #20537743
Lot Size68.00 Acres
StatusActive

About TX-56 Mitchell Rd

*Seller is offering a seller note $1M for 12 months, if closed within 45 days. Purchase Price: $3.9M, Cash at Closing: 2.9M for faster closing* An excellent opportunity to develop 68 acres of land in Sherman's ETJ for single-family residential. The property is easily accessible from HWY-56 and is close to Texas Instruments. The seller has submitted zoning and platting to Grayson County; approval is expected within 90 days. The number of large tracts of land for sale is limited, and yet they are only a few minutes from shopping, dining, and medical facilities. TI is investing $30 bn in a fab facility, while GlobiTech is investing $5 bn. Finisar, an Apple supplier, is bringing more jobs to Sherman and making it one of the fastest growing cities in TX. It is located near the DFW metroplex & takes less than an hour. There is pink hill water supply & electricity available. Oncor Electric Lines, Gas Pipelines and Water Line available. It conveys with 3 parcels-122302, 230795, 390137.

Property Details

Property Features

Listing Office:

  • Office Name: My Dream Home Helpers Realty
  • Office Phone: (214) 264-2737
  • Listing Agent: Abdul Jameel Abdur Rahman

Virtual/3D Tour

  • Virtual Tour: TX-56 Mitchell Rd

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Lot Features

Lot Information:

  • Lot Size: 68.00 Acres

School Info

Assigned Schools Information:

  • Sherman High School, Public District Grades 9-12
  • Dillingham Intermediate School, Public District Grades 5-6
  • Piner Middle School, Public District Grades 7-8
  • Jefferson Elementary School, Public District Grades PK-4

Other

Directions Information:

  • Directions: Follow GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,990,000
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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

$321.8K

Med. Price/SqFt

$173

Avg. Days On Market

77

# of Sold Homes

61

TX-56 Mitchell Rd vs Sherman

71 DAYS ON ROCKET

-6 Days

$3,990,000

+$3.6M More

KEY TAKEAWAY

This property is $3.6M 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: #20537743

Listing Office:

  • Office Name: My Dream Home Helpers Realty
  • Office Phone: (214) 264-2737
  • Listing Agent: Abdul Jameel Abdur Rahman

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: 4/27/2024, 3:25:19 AM 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

$19.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$12K

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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-1010123
4
/10

  • Jefferson Elementary School

  • 608 N Lee St

  • 2.87 miles

  • Public District Grades PK-4

Middle School

school-card-donut-1010124
4
/10

  • Dillingham Intermediate School

  • 1701 Gallagher Dr

  • 3.89 miles

  • Public District Grades 5-6

school-card-donut-1010125
3
/10

  • Piner Middle School

  • 402 W Pecan St

  • 3.91 miles

  • Public District Grades 7-8

High School

school-card-donut-1010126
3
/10

  • Sherman High School

  • 2201 E Lamar St

  • 2.06 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 $57,372. Most Sherman, TX residents have annual incomes between $35k-100k. The majority of families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About TX-56 Mitchell Rd

What is the listing price of this property?

The listing price of TX-56 Mitchell Rd property is $3,990,000.

What type of property is this?

The property TX-56 Mitchell Rd is land located in Sherman, Texas, 75090.

Is this property for sale now?

Active Listing: TX-56 Mitchell 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 TX-56 Mitchell Rd are:
Jefferson Elementary School: GreatSchools Rating 4/10
Dillingham Intermediate School: GreatSchools Rating 4/10
Piner Middle School: GreatSchools Rating 3/10
Sherman High School: GreatSchools Rating 3/10

How much acreage is this property?

The property TX-56 Mitchell Rd is 68.00 acres.
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Rocket Homes›Texas›Grayson County›Sherman›75090›TX-56 Mitchell Rd

This home is located at TX-56 Mitchell Rd in Sherman, TX and zip code 75090. This home sits on a 68.00 acre lot. It has been listed on Rocket Homes since February 16, 2024 and is currently priced at $3,990,000.

The number of listings in Sherman, TX increased by 8.5% between February 2024 and March 2024. In March 2024 median list price was $321,834 and the average listing age was 77 days.

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

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