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
Last updated on: 12/22/2024, 5:21:02 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.
$39.9K
Per Month
Principal & Interest
$39.9K
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
$24K
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
2
/10
Crutchfield Elementary School
521 S Dewey Ave
Distance between this listing and this school2.34 miles
Public District Grades KG-5
2
/10
Washington Elementary School
815 S Travis St
Distance between this listing and this school3.51 miles
Public District Grades KG-5
3
/10
Neblett Elementary School
1505 Gallagher Dr
Distance between this listing and this school3.98 miles
Public District Grades KG-5
Nearby Schools
4
/10
Piner Middle School
402 W Pecan St
Distance between this listing and this school3.90 miles
Public District Grades 6-8
4
/10
Scott Middle School
1901 S Mirick Ave
Distance between this listing and this school6.84 miles
Public District Grades 7-8
5
/10
Tom Bean Middle School
289 Franklin Rd
Distance between this listing and this school8.06 miles
Public District Grades 6-8
Nearby Schools
4
/10
Sherman High School
2201 E Lamar St
Distance between this listing and this school2.16 miles
Public District Grades 9-12
3
/10
Pathways High School
318 W Morgan St
Distance between this listing and this school7.86 miles
Public District Grades 9-12
5
/10
Perrin Learning Center
81 Vandenburg Dr
Distance between this listing and this school7.96 miles
The neighbors living near this home have an average income of $57,372. Typical income of Sherman, TX residents is between $35k-100k annually. Residents typically live in married, no kids family. 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.
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 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.
Between October 2024 and November 2024, Sherman, TX real estate market has seen increase in the number of listings by 5.6%. While the average time on the market in November 2024 was 92 days, the median list price was $310,000.
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
Figure Skating
Academy Sports & Outdoors
Bass Pro Shops
Wal-Mart
Jimmy Johns
Hardee's
Applebees
Chevrolet
GMC
Ram
New Country
Classic Country
Oldies