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$420,000 Just Listed
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Property Description
This great 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 PROPERTY**While 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.
Full Property Details
Full Property Details for 428 Pennell Rd
General
- Price: $420,000
- Taxes: $5,018
- Status: Active
- Type: Mobile Home
- Source: NTREIS
- MLS ID: 21272143
- Updated: 6/26/2026
- Added to Site: 2 day(s) ago
Interior
- Interior Features: Open Floorplan
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Electric Water Heater
- Flooring: Carpet, Linoleum
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Additional Information
- Security/Safety: Smoke Detector(s)
- Equipment: Negotiable, Satellite Dish
Exterior
- Exterior Features: Deck, Fire Pit, Storage
- Porch/Patio/Deck: Covered, Deck
Parking
- Parking Features: Circular Driveway, Gravel, No Garage, Outside
Location
- County: Grayson
- Subdivision: Tom Bean North Estates
- Driving 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.
School Information
- Elem School District: Tom Bean ISD
- Midd School District: Tom Bean ISD
- High School District: Tom Bean ISD
- Elementary School: Tom Bean
- Middle School: Tom Bean
- High School: Tom Bean
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Aerobic Septic
- Water: Community/Coop
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Electricity Connected, Phone Available, Septic Available, Separate Meters, Water Available
Structural Information
- Architectural Style: Traditional, Mobile Home
- Detached/Attached: Attached
- Roof: Composition
- Stories/Levels: 1
- Living Area: 1,680 Sq. Ft.
- Year Built: 1984
Lot Features
- Lot Size (Acres): 9.387
- Lot Size (Sq. Ft.): 408,897.72
- Lot Size Source: Assessor
- Lot Features: Acreage, Back Yard, Irregular Lot, Lawn, Level, Pasture, Many Trees
- Trees/Vegetation: Brush, Grassed, Partially Wooded
- Fencing (Description): Barbed Wire, Chain Link
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $5,018
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Legal Description: TOM BEAN NORTH ESTATES, LOT 24 & PT 25, ADDTNL IMP
- Exclusions: Washer and Dryer, all personal items, mower. There is no current survey.
- Disclosures/Rstr.: Accessory Dwelling Unit
- Property ID: 129517
- Lot Number: 2425
Listed by Rise Realty, Pamela George
Get Pre-Approved Today
Schools
Schools serving 428 Pennell Rd
School District:Tom Bean Independent School District
| Name | Grades | Distance |
|---|---|---|
Tom Bean Elementary School 105 Eubanks Street, Tom Bean, TX 75489 | PK-5 | 2.1 mi |
Tom Bean Middle School 289 Franklin Rd, Tom Bean, TX 75489 | 6-8 | 1.1 mi |
Tom Bean High School 7719 Texas 11, Tom Bean, TX 75489 | 9-12 | 1.1 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 428 Pennell Rd
Date
Details
Price
Change
Source
6/26/2026
Listed
$420,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 428 Pennell Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$669
7%
$201,697
5%
2023
$627
21%
$192,261
-35%
2022
$519
49%
$295,456
43%
2021
$348
-11%
$207,302
25%
2020
$391
100%
$166,088
12%
2015
-100%
$148,705
54%
2018
$1,845
13%
$96,377
15%
2017
$1,627
11%
$83,959
12%
2016
$1,462
16%
$74,913
17%
2015
$1,265
-38%
$64,230
-40%
2019
$2,027
126%
$107,714
85%
2013
$896
—
$58,268
27%
2013
$896
—
$45,965
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 428 Pennell Rd
428 Pennell Road, Sherman, TX 75090 (MLS# 21272143) is a Mobile Home property with 3 bedrooms and 2 full bathrooms. 428 Pennell Road is currently listed for $420,000 and was received on June 26, 2026. Want to learn more about 428 Pennell Road? Do you have questions about finding other Mobile Home real estate for sale in Sherman? You can browse all Sherman real estate or contact a Coldwell Banker agent to request more information.

