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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
3 Bed
2 Bath
1886 Sqft
Status: active | Days on site: 94
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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 creek lot. Brand new barndo plus ADU. Rental income or in-laws. Outside city limits! Horses allowed. This property offers a unique cash-flow opportunity that standard valuations overlook. A main 3-bedroom home, new construction Barndo 1214 sq ft., plus a completely independent ADU 1-bedroom, 672 sq ft built in 2016 complete with a full kitchen, living room, bedroom and bath with two vanities and tub. 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 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. ONLY 1 PROPERTY IS FOR SALE, THIS IS A DUPLICATE MARKETING ENTRY.

Highlights

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

Property Type

Residential

Lot/Acreage
1.77

Year Built

2016

County

Grayson

Neighborhood

Aaron Burleson Surv Abs #61

School District

Sherman ISD

Listing ID

21268617

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:2
Appliances:Dishwasher, Electric Cooktop, Microwave
Other:
  • Additional:Kitchen Island, Open Floorplan, Master on Main

Exterior Features

Lot:1 to < 3 Acres,Creek
Others:
  • Additional: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: 2026-08-24T19:21:47.893Z

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