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$989,000
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Property Description
39.78 Acres + 1 Acre Residential Parcel - Major Arterial Corridor Land - 3 Miles to Future Dallas North Tollway - Utilities in Place - No Deed Restrictions - Strategically positioned along FM 901 (Major Arterial) just 1,300 feet from HWY 56 and approximately 3 miles from the planned Dallas North Tollway extension, this 39.78-acre ag-exempt tract plus adjoining 1-acre residential parcel presents a rare long-term investment opportunity in the path of North Texas growth. Located at 3601 Old Sherman Rd (#FM901) and 7074 FM 901 in Whitesboro, this offering provides frontage, access, flexibility, and future positioning rarely available in one package. Key Highlights: "¢ Seller Financing Option "¢ 39.78 acres Ag-Exempt farmland "¢ Power and Water onsite "¢ No deed restrictions "¢ Frontage along FM 901 "¢ Approx. 1,300 ft from HWY 56 "¢ ~3 miles from future Tollway "¢ Subdivision potential (1, 2, 3, 5+ acre tracts per county guidelines) Utilities: Served by Two-Way SUD with two water meters on FM 901, 9" main along FM 901 and 5" main along Old Sherman Rd. Electric available at both front and rear of property. The property includes mapped floodplain along the natural creek corridor, supporting agricultural use and maintaining current ag exemption status, while significant portions remain outside the flood hazard area. With Grayson County experiencing rapid infrastructure planning and arterial expansion, this tract offers strong potential for residential development, commercial positioning, industrial flexibility, or a strategic long-term hold. Whether you're an investor seeking corridor appreciation, a developer exploring phased subdivision, or an end user wanting land with upside, this property delivers location, flexibility, and growth alignment. Opportunities of this size, position, and flexibility along designated major arterials are increasingly limited. Contact Agent for survey, floodplain documentation, and seller financing structure.
Full Property Details
Full Property Details for 3601 Old Sherman Rd #FM901
General
- Price: $989,000
- Taxes: $1,285
- Status: Active
- Type: Farm
- Source: NTREIS
- MLS ID: 21173354
- Updated: 3/6/2026
- Added to Site: 46 day(s) ago
Location
- County: Grayson
- Driving Directions: Heading north on US 377 towards Whitesboro. Turn right on Sherman Drive. Make a left onto FM 901. Right onto Old Sherman Rd. Property will be on your right.
School Information
- Elem School District: S and S Cons ISD
- Midd School District: S and S Cons ISD
- High School District: S and S Cons ISD
- Elementary School: S And S
- Middle School: S And S
- High School: S And S
Utilities
- Water: Community/Coop
- Utility Description: Electricity Available, Electricity Not Available, Propane, Overhead Utilities, Water Available
Structural Information
- Detached/Attached: Detached
- Current Bldg. Use: Agricultural
Lot Features
- Lot Size (Acres): 40.777
- Lot Size (Sq. Ft.): 1,776,246.12
- Frontage: County Road, Farm to Market Road, All Weather Road, Asphalt, Gravel
- Topography: Varied
- Lot Features: Acreage, Few Trees
- Potential Use: Agricultural, Commercial, Multi-Family, Single Family
- Zoning: Not Zoned
Financial Considerations
- Tax Amount: $1,285
- Terms: Other, Special Funding
Disclosures and Reports
- Legal Description: G-1157 SEBASTIAN FELIX A-G1157, ACRES 39.777
- Exclusions: RVs and trailers
- Property ID: 120474
Listed by eXp Realty LLC, Stephen Lewis
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Schools
Schools serving 3601 Old Sherman Rd #FM901
School District:S and S Consolidated Independent School District
| Name | Grades | Distance |
|---|---|---|
S And S Cons Middle School 462 South Main Street, Sadler, TX 76264 | 5-8 | 2.2 mi |
S And S Cons Elementary School 4217 Elementary Dr, Southmayd, TX 76268 | PK-4 | 4.5 mi |
S And S Cons High School 404 South Main Street, Sadler, TX 76264 | 9-12 | 2.5 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 3601 Old Sherman Rd #FM901
Date
Details
Price
Change
Source
2/16/2026
Listed
$989,000
—
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 3601 Old Sherman Rd #FM901
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,430
5%
$88,153
-8%
2023
$1,356
2%
$96,011
6%
2022
$1,329
100%
$90,924
15%
2021
100%
$79,199
493%
2020
100%
$13,357
-4%
2015
-100%
$13,961
15%
2018
$257
36%
$12,104
25%
2017
$189
11%
$9,714
12%
2016
$170
-28%
$8,698
-28%
2019
$236
51%
$12,069
53%
2015
$156
22%
$7,891
21%
2013
$128
—
$6,506
—
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 3601 Old Sherman Rd #FM901
3601 Old Sherman Road #FM901, Whitesboro, TX 76273 (MLS# 21173354) is a Farm property with a lot size of 40.777 acres. 3601 Old Sherman Road #FM901 is currently listed for $989,000 and was received on February 16, 2026. Want to learn more about 3601 Old Sherman Road #FM901? Do you have questions about finding other Farm real estate for sale in Whitesboro? You can browse all Whitesboro real estate or contact a Coldwell Banker agent to request more information.

