Discover a rare investment opportunity in Sherman, Texas. This 39.94-acre land, located in an Opportunity Zone within the city's ETJ, offers flexibility and potential tax benefits. Ideal for a variety of developments, its size and strategic position near new city growth areas enhance its appeal. Key Highlights: Vast acreage for diverse projects. Situated in an Opportunity Zone for investment incentives. In the ETJ, allowing planning freedom. Close to Sherman's new developments and the upcoming Margaritaville Resort in Dennison. This property is a gateway to participate in North Texas's dynamic growth. Perfect for residential, commercial, or mixed-use developments. A unique chance to shape the future of Sherman. Contact for details and viewings.
Last updated on: 11/21/2024, 2:20:57 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
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.5K
Per Month
Principal & Interest
$17.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.5K
Powered By
Advertisement
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
3
/10
S and S Consolidated Elementary School
4217 Elementary Dr
Distance between this listing and this school3.42 miles
Public District Grades PK-4
3
/10
Henry Sory Elementary School
120 Binkley Park Dr
Distance between this listing and this school4.29 miles
Public District Grades KG-5
2
/10
Wakefield Elementary School
400 Sunset Blvd
Distance between this listing and this school4.38 miles
Public District Grades KG-5
Nearby Schools
4
/10
Piner Middle School
402 W Pecan St
Distance between this listing and this school5.30 miles
Public District Grades 6-8
5
/10
S and S Consolidated Middle School
462 S Main St
Distance between this listing and this school8.77 miles
Public District Grades 5-8
5
/10
Pottsboro Middle School
105 Cardinal Ln
Distance between this listing and this school9.16 miles
Public District Grades 5-8
Nearby Schools
5
/10
Perrin Learning Center
81 Vandenburg Dr
Distance between this listing and this school6.01 miles
Public District Grades 9-12
4
/10
Sherman High School
2201 E Lamar St
Distance between this listing and this school7.11 miles
Public District Grades 9-12
5
/10
S and S Consolidated High School
404 S Main St
Distance between this listing and this school8.77 miles
The neighbors living near this home have an average income of $65,125. Residents of Sherman, TX typically earn between $35k-100k each year. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 5510 La Cima Dr
What is the listing price of this property?
The listing price of 5510 La Cima Dr property is $3,500,000.
What type of property is this?
The property 5510 La Cima Dr is land located in Sherman, Texas, 75092.
Is this property for sale now?
Active Listing: 5510 La Cima Dr is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 5510 La Cima Dr in Sherman, TX and zip code 75092. This home sits on a 39.94 acre lot. It has been listed on Rocket Homes since January 29, 2024 and is currently priced at $3,500,000.
The inventory of homes for sale in Sherman, TX between September 2024 and October 2024 increased by 9.3%. In October 2024, listings were on the market for 90 days. During the same period, the median list price in this real estate market was $309,900.
From Rocket Homes Real Estate and based on county public records data.
©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.
Hunting
Hunting
NASCAR
Monster Trucks
Wal-Mart
Academy Sports & Outdoors
Bass Pro Shops
Hardee's
Jimmy Johns
Applebees
Ram
Chevrolet
GMC
Classic Country
New Country