TX-56 MITCHELL ROAD, SHERMAN, TX 75090

Homes for sale in Sherman.

Homes for sale in 75090.


TX-56 Mitchell Road

Sherman, TX 75090

Status of the property has changed, please contact for details

List Price$8,000,000

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #20758426

68

Acres

Lots / Land

Type

About This Property

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 Features

Location Information

County

Grayson

Subdivision

G-7619 - TRAILS END SUBDIVISION

Interior Features

Has Fireplace

No

Exterior Features

Water / Sewer

Electricity Available, Sewer Available, Water Available

Zoning

Residential zoning

Utilities

Electricity Available, Sewer Available, Water Available

Development Status

Other, Zoned

Lot Description

Acreage

Is One Story

No

Lot Size in Acres

68

Lot Description

Acreage

Lot Size in Sq. Ft.

2,962,080

School

Elementary School District

Sherman ISD

Jr. High School

Piner

Elementary School

Jefferson

High School

Sherman

Additional Information

Property Type

LL

Has a Home Owners Association

No

Property SubType

Unimproved Land

Exclusions

Minerals

Status

Active

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Mortgage Calculator

$37,360

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$28,828

Monthly Tax

$6,666

Monthly Insurance

$1,866

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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