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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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111 Mitchell Rd , Sherman, TX 75090
$506,000
Est. Payment: $2,605.11/mo
4 Bed
3 Bath
1886 Sqft
Status: active | Days on site: 22
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House Description

Ranchette! 2 complete homes on a 1.77 acre corner creek lot. Brand new barndo plus ADU. Rental income or in-laws. Outside city limits! Horses allowed. Two rental opportunities or multi-generational living. This inviting property perfectly balances modern design with suburban charm. A rare, custom footprint property offering two distinct and independent residences on one parcels with a total of 4 bedrooms. Two cottages located in the heart of the Sherman tech corridor. The 3-bedroom Barndominium (1214 sq ft.) is just completed in 2026 with modern farmhouse touches. An additional 1-bedroom ADU (672 sq ft built in 2016) boasts a full kitchen and bath with dual vanities and tub and a front porch tucked beneath a mature tree canopy. Make it a private mother-in-law suite, home office, or a steady rental stream to capitalize on the area's soaring housing demand. Equipped with three loafing stalls, a storage shed, potentially a garage, and fencing, the property offers a peaceful country atmosphere without sacrificing proximity to the city and the new Texas Instruments & GlobalWafers sites. Families will appreciate the rapidly modernizing Sherman ISD, featuring a recent high school, three new elementary schools, and a state-of-the-art athletic stadium. Enjoy easy access to Dallas, expanding retail, and top-tier industrial job opportunities. This property offers a unique cash-flow opportunity that standard valuations overlook. Comps do not reflect the rental income generated by the second home. A savvy investment in the direct path of progress! ONLY 1 PROPERTY IS FOR SALE, THIS IS A DUPLICATE MARKETING ENTRY ALSO LISTED AS A RESIDENTIAL PROPERTY MLS 21268617.

Highlights

Listed by Deborah Newsome , Keller Williams Realty DPR , North Texas Real Estate Information Systems

Property Type

Multi-Family

Lot/Acreage
1.77

Year Built

2026

County

Grayson

Neighborhood

Aaron Burleson Surv Abs #61

School District

Sherman ISD

Listing ID

21348400

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:3
  • Full Bathrooms:3
Appliances:Dishwasher, Electric Cooktop, Microwave
Air Cond:Electric
Fireplaces:
Floor:Concrete
Other:
  • Additional:Kitchen Island, Open Floorplan, ADU

Exterior Features

Lot:Acreage,Cleared,Corner Lot,1 to < 3 Acres,Creek
Garage Capacity:3
Roof:Metal
Others:
  • Additional:Covered Deck, Storage, New Construction - Complete
Parking Features:Outside
Principal Interest
$2,605
Taxes
$275

Home Price

$506,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$101,200
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,605.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,605.11 $275.33 $0.00 $2,880.44
Yearly $31,261.29 $3,304.00 $0.00 $34,565.29
Total $937,838.79 $99,120.00 $0.00 $1,036,958.79

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Sherman, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T23:23:04.180Z

© 2026 North Texas Real Estate Information Systems