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Grayson 75090
TBD Mitchell Road
$1,340,290
● House - Off Market

TBD Mitchell Road

Sherman, TX 75090
bedrooms
Studio
bathrooms
0 Bath
$1,391,796
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

65+ acres outside the city limits ready for development or your private farm or ranch.

Currently no utilities to the property.  In the Choctaw Watershed. Lots of trees and a couple of ponds and older sheds. The potential is endless.  Easy access to freeways, historic downtown Sherman, and Austin College. Surveys in Documents.
Unit Size
-
Days on Market
-
Land Size
65.38 acres
Price per sqft
-
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (NTREIS #14757017)

Price History

Date / Event Date Event Price
Feb 12, 2024 No longer available -
No longer available
Aug 11, 2023 Listed by Costello & Associates $160,000
Listed by Costello & Associates
1.07 acre lots that front on Mitchell Road just east of Sherman. Asphalt Road Frontage. Water provided by Pink Hill Water Supply. Oncor provides electricity. An aerobic septic system will be needed.
Apr 15, 2022 Sold
Premium
Sold
Feb 10, 2022 Listed by TANGLEWOOD REAL ESTATE COMPANY $1,372,980
Listed by TANGLEWOOD REAL ESTATE COMPANY

Property Highlights

Building Info

Overview

    General

  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 960
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 435,600
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: A
  • Subdivision: BURLESON AARON A-G0061
  • Land Acres: 0000010000
  • Standard Land Use Code: 7001
  • County Land Use Code: E
  • State Land Use Code: E
  • Legal Description 1: G-0061 BURLESON AARON A-G0061, ACRES 10.0

Neighborhood

  • School District Name: Sherman Independent School District
  • Census Tract: 000101

Geography

  • Assessors Map Reference: 15-P
  • Parcel: 204380
  • Municipality: SHERMAN
  • Latitude: 33.6416
  • Longitude: -96.5521

    Address

  • Full Address: 499 Mitchell Rd
  • Address - House Number: 499
  • Address - Street Name: Mitchell
  • Address - Suffix Type: Rd
  • State: TX
  • City Name: Sherman
  • Carrier Code: R001
  • 4-Digit Zip Code: 4843
  • Zip Code: 75090

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $132,378
  • Tax Rate Code Area: SSH

    Market Valuation

  • Market Total Value: $261,429
  • Market Land Value: $200,000
  • Market Improvement Value: $61,429

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $261,429
  • Assessed Land Value: $200,000
  • Assessed Improvements Value: $61,429
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Grayson

Stats & Trends

Median Asking:

$300,405

Sale Price/ft²

$170

Above Asking

0.00%

Average Days on Market

88

Average Home Size

2103 ft²

Average Home Age

31.8 years

Currently For Sale

1456 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1197 Fm 697, Sherman, TX, 75090

$1,500 /mo

  • 3 Beds
  • 1 Bath
  • 1,296 ft²
1197 Fm 697, Sherman, TX, 75090 Listing by Elena Marrufo

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: MARIE WARD, TANGLEWOOD REAL ESTATE COMPANY
Last Updated: 3 years ago
Data Source: NTREIS MLS, MLS# 14757017
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 499 Mitchell Road built and last sold?
The property at 499 Mitchell Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 499 Mitchell Road is $0.
What are some comparable homes to 499 Mitchell Road?
There are currently no comparable homes to 499 Mitchell Road.
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