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Lot/land
  • Price cut: $70K (6/3)
    $850,000

    225 Caleb Rd, Sherman, TX 75090

    --beds
    --baths
    23.06Acres
    Unimproved Land
    Built in 2019
    23.06 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Expansive tractClean topographyScenic natural border
    Rare opportunity to own 23 pristine acres in the rapidly expanding Sherman area. This expansive tract is currently Ag-exempt and being farmed for winter wheat, offering immediate tax benefits and exceptional investment potential. Ideal for a residential development or a private luxury estate, the property features a clean topography with the distinct advantage of having zero acreage located in a flood zone. A charming small creek meanders along the tree line, providing a scenic natural border while remaining easily crossable by vehicle for full property access. Included on the site is a functional 1,216 sqft single-wide mobile home featuring 3 bedrooms and 2 bathrooms, which is perfect for rental income, a foreman's quarters, or a temporary residence while you build. Whether you are looking to develop immediately or hold for future appreciation in a high growth corridor, this versatile property offers the space and utility to realize your vision.
    138 days
    |
    39
    |
    1
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Zac Hamilton 0802605 903-818-6079,

    Hamilton & Co. Real Estate, LLC - Premium Service 972-322-6722

    Source: NTREIS,MLS#: 21159925

      Facts & features

      Interior

      Video & virtual tour

      Property

      Lot
      • Size: 23.06 Acres
      • Features: Acreage, Agricultural, Subdivided
      Details
      • Parcel number: 122301
      • Zoning description: Agriculture/Development

      Utilities & green energy

      • Sewer: Aerobic Septic
      • Utilities for property: Septic Available

      Community & HOA

      Community
      • Subdivision: Grayson Co Unplatted
      HOA
      • Has HOA: No
      Location
      • Region: Sherman

      Financial & listing details

      • Tax assessed value: $768,639
      • Annual tax amount: $525
      • Date on market: 1/21/2026
      • Cumulative days on market: 138 days
      • Listing terms: Cash,Conventional,Contract,1031 Exchange,Federal Land Bank

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,263/mo

        Price history

        DateEventPrice
        6/3/2026Price change$850,000-7.6%
        Source: NTREIS #21159925 Report a problem
        4/17/2026Price change$920,000-2.1%
        Source: NTREIS #21159925 Report a problem
        1/21/2026Listed for sale$939,999-21.7%
        Source: NTREIS #21159916 Report a problem
        1/19/2026Listing removed--
        Source: Owner Report a problem
        1/1/2026Price change$1,200,000-9.4%
        Source: Owner Report a problem
        12/9/2025Listed for sale$1,325,000+4.5%
        Source: Owner Report a problem
        11/13/2025Listing removed$1,268,300
        Source: NTREIS #21105586 Report a problem
        11/6/2025Listed for sale$1,268,300-31.3%
        Source: NTREIS #21105586 Report a problem
        11/3/2025Listing removed$1,844,800
        Source: NTREIS #21016791 Report a problem
        9/16/2025Price change$1,844,800-20%
        Source: NTREIS #21016791 Report a problem
        8/2/2025Listed for sale$2,306,000
        Source: NTREIS #21016791 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$525 -12%$753,797 +6.9%
        2024$596 +39.7%$705,204 +11.9%
        2023$427 -61.7%$630,268 +32.9%
        2022$1,115 -6.2%$474,336 +64.7%
        2021$1,189 $287,993 +14.4%
        2020-- $251,677 +13.8%
        2019$92 $221,166 +5031.5%
        2018-- $4,310 -0.8%
        2017-- $4,343 +0.8%
        2016-- $4,310 +1.1%
        2015-- $4,264

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 75090

        Getting around

        0 / 100
        Car-Dependent
        20 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Jefferson
        • Middle: Sherman
        • High: Sherman
        • District: Sherman ISD

        Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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