Land with Home for Sale in Sherman, Texas
428 Pennell Rd, Sherman, TX 75090
MOTIVATED SELLER! This property offers serious potential with two homes on one generously sized, tree-covered lot. One home is move-in ready, the other has utilities in place and just needs work to unlock its full value.
Primary home boasts an open floorplan, two living areas, three bedrooms and two baths. Set off the road, the primary residence offers plenty of privacy and a quiet space for outdoor activities. The second home is unique in that it has its own electric, water and septic in place. There is plenty of opportunity to tear down this home for a new primary residence or put some imagination and remodel work into it for a second residence, or a rental property. The entire property is ideal for rental income, multi-generational living, or a live-in renovation project. Open to subdividing, but you could also just bring your animals, or start a hobby farm--there's plenty of space, open grass, and mature trees. Enjoy the peaceful views from the covered porch and imagine the possibilities.
NEW SURVEY WILL BE NEEDED FOR THIS PROPERTYWhile information is deemed reliable to the best of the seller's knowledge, it is not guaranteed. Buyer and buyers agent to verify all information herein. Buyers agent and broker information must be identified at first showing.
Location
- Street address
- 428 Pennell Rd
- County
- Grayson County
- Community
- Tom Bean North Estates
- Elevation
- 792 feet
Directions
From Hwy 11 going north toward Sherman, turn right going north onto Campground Rd. Turn right on Pennell Rd. The property will be on the right, with the entrance having a white fence entrance into the driveway, Realtor sign is in front.
Property details
- Acreage
- 9.387 acres
- MLS #
- NTREIS 21019396
- Posted
Parcels
- 129517
Legal description
TOM BEAN NORTH ESTATES, LOT 24 & PT 25, ADDTN
Resources
Details and features
Listing
- Type
- Residential
- Subtype
- Mobile Home
Exterior
- Parking
- Driveway, Garage
- Fencing
- Fenced
- Outdoor Spaces
- Deck, Patio, Porch
- Structures
- Storage
- Features
- Covered Deck, Covered Patio/Porch, Fence, Fire Pit
Structure
- Style
- New Traditional
- Stories
- 1
- Heating
- Central, Electric
- Cooling
- Ceiling Fan(s), Central Air
- Roof
- Composition
Interior
- Rooms
- Bathroom x 2, Bedroom x 3
- Flooring
- Carpet, Linoleum
- Appliances
- Cooktop, Dishwasher, Electric Cooktop, Washer
- Features
- Open Floorplan
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Tom Bean | Elementary | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Oct 10, 2025 | Price drop | $449,000 | $31,000 -6.5% | NTREIS |
| Sept 10, 2025 | Price drop | $480,000 | $19,990 -4% | NTREIS |
| Aug 2, 2025 | New listing | $499,990 | — | NTREIS |