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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: $2,842.07/mo
4 Bed
3 Bath
1886 Sqft
1.77 Acres
Status: active | Days on site: 69
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House Description

Texas Ranchette! ASK ABOUT 100% FINANCING! 2 complete homes on a 1.77 acre corner creek lot. The main home is a new construction barndo 3 bedroom, 1214 sq ft. PLUS a guest cottage one-bedroom, full kitchen, bedroom and bath with dual vanities and a tub. 672 sq ft and a front porch nestled under a canopy of trees. Rental income or in-laws. Outside city limits! Horses allowed. This property offers a unique cash-flow opportunity that standard valuations overlook. Plus a front porch tucked beneath a mature tree canopy. This inviting property perfectly balances modern design with suburban charm. A rare, custom footprint property on one parcel. Two cottages located in the heart of the Sherman tech corridor. Equipped with three loafing stalls, a storage shed 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. Comps do not reflect the sq ft or rental income generated by the second home. A savvy investment in the direct path of progress! Property is ALSO LISTED AS rESIDENTIAL INCOME MLS#21348400. THIS IS A DUPLICATE MARKETING ENTRY.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

Questions about this listing?

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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

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
$2,842
Taxes
$275

Home Price

$506,000

Loan Details

30 yrs
7.542%

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:
$2,842.07

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,842.07 $275.33 $0.00 $3,117.40
Yearly $34,104.86 $3,304.00 $0.00 $37,408.86
Total $1,023,145.67 $99,120.00 $0.00 $1,122,265.67

Today's Rates

30 Year

7.54%

20 Year

7.2%

15 Year

6.73%

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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: 2026-10-11T12:07:25.737Z

© 2026 North Texas Real Estate Information Systems