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$513,678

1601 Lakewood Dr, Sherman, TX, 75092

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,186 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$164.78 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDisposal, Electric Cooktop, Electric Oven, Microwave, Double Oven
FlooringBrick, Carpet, Ceramic Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size19,628 sqft

Building Information

Year Built1965
Garage Spaces2

Land Information

APNS013 2248013
Lot Number13
SubdivisionTurtle Creek N Addn
Land UseResidential
Legal DescriptionTURTLE CREEK N ADDN, BLOCK 1, LOT 13, ACRES .4506
Census Tract000904
Assessed Land Value$79,491
Assessed Improvement Value$434,187
Assessment Year2025

About this property

Truly one-of-a-kind charmer in the desirable Turtle Creek neighborhood, this home boasts an amazing pool and deck overlooking the lake! Beautiful cul-de-sac lot with mature trees on nearly a half-acre adds to the peaceful setting. Enjoy afternoons on the shaded front porch or swimming in the sparkling pool. Front door features stained glass imported from England. Three living areas, 4 bedrooms and 3 baths. Closets galore including two walk-in closets in the master plus cedar-lined closets along the hallway. Massive brick fireplace and built-in shelves in the den, as well as vaulted ceiling and skylight make the heart of the home light and bright! Entertainer’s dream kitchen with granite counters, GE Profile double ovens and built in microwave. New roof and gutters April 2023. Walking distance to beautiful Fairview Park. See link for virtual tour. A MUST SEE!

Investor Tools

Property Icon
$513,678
Estimated Property Value
$393,750Estimated Mortgage Balance
$140,951Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,150 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,025/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,736
$513,678
2025
$79,491
$434,187
$513,678
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,736
$513,678

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First State Bank
Conventional
$393,750
No
First
Jun 5, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$372,727
$140,951
27%
73%
$2,361/mo

Learn About the Market: Opportunity in Texas

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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.

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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 Lakewood Dr | Property Details | No Agent List