503 Sherman Street

About this home

Investor Special with Endless Potential! Opportunity awaits with this Investor Special situated on a fenced, over-sized corner lot in a convenient small-town location. Whether you’re looking for your next rental property, flip project, or affordable home to personalize, this property offers outstanding potential. A detached shop provides the perfect space for a workshop, craft room, hobby area, or the ultimate man cave. Relax year-round in the sun-room or back porch overlooking the spacious backyard, where mature shade trees create a peaceful outdoor setting. Conveniently located close to all schools, this property is also just 20 minutes from Lake Ray Roberts, where you’ll enjoy boating, fishing, beaches, and outdoor recreation. Commuters will appreciate being approximately 45 minutes from Frisco and only one hour from Dallas–Fort Worth International Airport. Bring your vision and transform this property into something special. With a great location, over-sized lot, detached shop, and plenty of potential, this is an opportunity you won’t want to miss! Property has potential mold in several locations, sellers have not had the property evaluated.

Schools

Elementary

Tioga

Middle

Tioga

High

Tioga

School assignments per NTREIS. Confirm current attendance zones with the district before relying on them.

Property details

MLS #

21320964

Property Type

Residential

Status

Active

County

Grayson

Subdivision

Mershons Add

Lot Size

21,736.44 sqft

HOA Dues

None

Annual Taxes

$6,117

Days on Market

New (1 day)

Listed

Jul 3, 2026

Price per Sqft

$130