49 Acres Lot
49 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Improved Land
Listing Status Active
Purchase Type For Sale
Subdivision Rosborough
MLS Listing ID 20952681
HOA Y/N None
Year Built 1981
Annual Tax Amount $2,954
Lot Size 49.000 Acres
Acres 49.0
Property Sub-Type Improved Land
Property Description
Driving down Old Dorchester Road, the scenic beauty of the property unfolds—a vast, fenced pasture with scattered mature trees, two tranquil ponds reflecting the Texas sky, and an atmosphere of rural charm despite its proximity to significant commercial expansion. With approximately 2,990 feet of road frontage on two sides of Old Dorchester RD., and a bordering connection to the BNSF railway, accessibility and future growth potential are built into the land's very foundation.
A modest yet functional three-bedroom, two-bathroom home sits on the property, offering rental income potential for a buy-and-hold investor. Nearby, a large insulated metal shop stands ready for agricultural or commercial use, while working pens for cattle further enhance the land's versatility. Agricultural exemption is already in place, providing additional financial advantages, and a reliable 2-inch water line serviced by Dorchester Co-Op ensures essential infrastructure is readily available.
What sets this property apart is not just its breathtaking landscape, but its proximity to a future of unprecedented economic expansion. Within mere miles of Texas Instruments' $30 million investment and surrounded by ongoing residential developments, this land offers immense value—whether for immediate development or long-term appreciation.
BUYER TO VERIFY THE ACCURACY OF ALL INFORMATION, INCLUDING LOT SIZES, SCHOOLS, TAXES, AMENITIES, ROOM MEASUREMENTS, ETC. NEITHER SELLER NOR LISTING AGENT MAKES ANY WARRANTIES OR REPRESENTATIONS AS TO ACCURACY.
Location
State TX
County Grayson
Zoning None.
Direction 3356 Old Dorchester Road - Sherman, TX 75092 or text listing agent for a PIN.
Interior
Heating Central
Cooling Ceiling Fan(s), Central Air
Heat Source Central
Exterior
Fence Barbed Wire, Cross Fenced
Utilities Available All Weather Road, Asphalt, Co-op Electric, Co-op Membership Included, Electricity Connected, Outside City Limits, Overhead Utilities, Rural Water District, No City Services
Lot Frontage 2990.0
Garage No
Building
Lot Description Acreage, Agricultural, Pasture, Tank/ Pond, Varied
Schools
Elementary Schools Summit Hill
High Schools Howe
School District Howe Isd
Others
Restrictions No Known Restriction(s)
Ownership Lilly
Acceptable Financing 1031 Exchange, Cash, Conventional, Federal Land Bank
Listing Terms 1031 Exchange, Cash, Conventional, Federal Land Bank
Special Listing Condition Aerial Photo, Flood Plain
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/20952681
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