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TX-56 Mitchell Rd, Sherman, TX, 75090

$8,000,000

68.00 Acres
Land

Location

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Property Highlights

Home TypeUnimproved Land
MLS #20758426
Lot Size68.00 Acres
StatusActive

About TX-56 Mitchell Rd

Utilities – City water (pink water company Sherman) and City Sewer. Note that Sewer is combination of Onsite & Offsite solution, end to end implemented by Sewer solution company in accordance with TCEQ & City guidelines, we will hand-over the study, cost and introduce the company. Multiple access road 1) Frontage 3-acre parcel in Hwy 56 2) Thru Private road Mitchell road 3) Bode Road private road 4) Buyer can also purchase a private access from another parcel, which connects hwy 56 & this property, estimated cost $400k to $600k, as required. Property includes 7 acres of flood plain area, as long as we carve out that as green space and no development., no US army core or any special approvals required. All the trees in the property is cut, hauled and property is fully cleaned and rough graded, It is mowed and well kept. Status: Residential Zoned and it is not yet permitted, part of Sherman ETJ. Buyer will pay for the number of lots in City support letter and Buyer will be responsible for taking it to full entitlement, It is priced for Quick sale as paper lot. If we lose some lot’s during Civil engineering stage, then Buyer can adjust that to the Seller note carry. Sherman is home to Texas Instruments, with a new $30 billion fabrication plant coming next year that could support 3,000 direct jobs over time. Conveniently located between US Hwy 75 & Texoma Pkwy. Other employers in Sherman include Tyson Foods, GlobiTech, Finisar, Emerson, Royal Case, Kaiser Aluminum, and Sunny Delight

Property Details

Property Features

Listing Office:

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

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  • Virtual Tour: TX-56 Mitchell Rd
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Lot Features

Lot Information:

  • Lot Size: 68.00 Acres

Other

Directions Information:

  • Directions: Follow GPS

Price Information

Listing Price Info

Price Summary:

  • List Price: $8,000,000
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Housing Market Comparison

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

Med. List Price

$309.9K

Med. Price/SqFt

$174

Avg. Days On Market

90

# of Sold Homes

48

TX-56 Mitchell Rd vs Sherman

34 DAYS ON ROCKET

-56 Days

$8,000,000

+$7.6M More

KEY TAKEAWAY

This property is $7.6M 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: #20758426

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: 11/22/2024, 11:20:57 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

$39.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$24K

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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.

Nearby Schools

school-card-donut-594111
2
/10
  • Crutchfield Elementary School

  • 521 S Dewey Ave

  • 2.34 miles

  • Public District Grades KG-5

school-card-donut-594112
2
/10
  • Washington Elementary School

  • 815 S Travis St

  • 3.51 miles

  • Public District Grades KG-5

school-card-donut-594113
3
/10
  • Neblett Elementary School

  • 1505 Gallagher Dr

  • 3.98 miles

  • Public District Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,372. The majority of Sherman, TX residents have income between $35k-100k annually. 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 $8,000,000.

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.

How much acreage is this property?

The property TX-56 Mitchell Rd is 68.00 acres.
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Rocket HomesTexasGrayson CountySherman75090TX-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 October 19, 2024 and is currently priced at $8,000,000.

The inventory of homes for sale in Sherman, TX between September 2024 and October 2024 increased by 9.3%. While the average time on the market in October 2024 was 90 days, the median list price was $309,900.

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

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