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$285,000

1601 Aleia Cove, Sherman, TX, 75092

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,404 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$202.99 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Other
FlooringCeramic Tile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size5,881 sqft

Building Information

Year Built2023
Garage Spaces2

Land Information

APN155 8047001
Lot Number1
SubdivisionThe Grove Addition
Land UseResidential
Legal DescriptionTHE GROVE ADDITION, BLOCK A, LOT 1, ACRES .135
Census Tract001700
Assessed Land Value$44,987
Assessed Improvement Value$244,577
Assessment Year2025

About this property

Welcome to 1601 Aleia Cove, a beautifully maintained home nestled in a quiet neighborhood. Situated on a spacious corner lot, this property offers added privacy, mature landscaping, and great curb appeal. Inside, you’ll find a bright and open floor plan designed for comfortable living and easy entertaining. The living area features abundant natural light and flows seamlessly into the kitchen and dining spaces. The kitchen offers ample cabinetry, generous counter space, and a functional layout perfect for everyday use. Luxury vinyl plank flooring throughout with tile in the bathrooms provides durability and easy cleaning. NO CARPET! The primary suite situated in the back of the home, provides a relaxing retreat with an ensuite bath and walk-in closet, while additional bedrooms offer flexibility for family, guests, or a home office. Step outside to enjoy the covered patio and large backyard—ideal for gatherings, pets, or future customization. Conveniently located near shopping, dining, schools, and major highways, this home combines small-town charm with everyday convenience and NO HOA! Don’t miss this opportunity to own a move-in ready home in the growing Sherman area!

Investor Tools

Property Icon
$289,564
Estimated Property Value
$0Estimated Mortgage Balance
$96,923Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,737 /month
Positive
Cash Flow Estimate:
$579 /month

Interested in this property?

Mallory Adams

OmniKey Realty, LLC.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$600/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,749
$289,564
2025
$44,987
$244,577
$289,564
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,749
$289,564

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jmj Financial Group
Conventional
$199,500
No
First
Jun 11, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$192,641
$96,923
33%
67%
$1,197/mo

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Sherman

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1601 Aleia Cove | Property Details | No Agent List