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.
Multi-familyProperty Type
2026Year Built
1.77 acresLot Size
$268Price/Sq.Ft.
3 spacesParking
Listed by Deborah Newsome• Keller Williams Realty DPR
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.
Public Records
Jun 4, 2025
Sold
*
Public Records
Apr 24, 2020
Sold
*
Year
Property tax
Land + Additions
Assessment*
2025
$3,304 (−3.9%)
$104,731 + $90,882
$195,613
2024
$3,439 (+4.6%)
$107,120 + $96,509
$203,629
2023
$3,287 (+17.4%)
$105,881 + $69,190
$175,071
2022
$2,801 (+108.8%)
$83,721 + $65,464
$149,185
2021
$1,342 (+6.0%)
$46,162 + $22,621
$68,783
2020
$1,265 (+7.0%)
$37,531 + $25,038
$62,569
2019
$1,182 (+0.2%)
$30,156 + $25,067
$55,223
2018
$1,179 (+45.9%)
$25,594 + $26,268
$51,862
2017
$808
$38,706
Public record
Beds
—
Baths
—
Stories
—
Lot width
152 ft.
Lot depth
317 ft.
Lot size
1.77 Acres
Year renovated
2016
Finished Sq. Ft.
672
Unfinished Sq. Ft.
—
Total Sq. Ft.
672
Year built
2016
Style
Single Family Residential
County
Grayson County
APN
000000388305
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 25, 2026.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
5/10 Fire Factor
4% chance of being in a wildfire in next 30 years
6/10 Heat Factor
7 days above 109° expected this year, 22 days in 30 years
4/10 Wind Factor
24% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Sherman, TX • 75090
Average low and high temperatures (°F)
53
32
63
40
75
52
76
59
82
63
90
74
94
75
95
75
88
67
84
61
70
50
61
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 111 Mitchell Rd
$505,402
$598 under list price of $506K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $235K to $449K.