1816 Aleia Cove
About This Property
Welcome to this meticulously crafted 3-bedroom, 2-bathroom home, completed in 2023 by Homes By JLS of Texoma LLC. Step inside to discover a spacious family room adorned with soaring ceilings and bathed in natural light, creating an inviting ambiance for relaxation and gatherings. The gourmet kitchen is a chef's delight, featuring gleaming granite countertops, solid wood cabinetry, and upgraded ENERGY STAR® certified appliances that blend functionality with style.
Embrace modern living with integrated smart home features, including a smart thermostat and smart lighting systems, allowing you to control your home's environment remotely and efficiently. These technologies not only enhance comfort but also contribute to significant energy savings.
The expansive primary suite provides a serene retreat, ample space for a cozy sitting area, and a luxurious en-suite bathroom. Two additional generously sized bedrooms offer versatility, ideal for a home office, nursery, or guest accommodations.
Outside, the private backyard is perfect for entertaining, boasting a lush green space and a large covered patio-ideal for hosting friends and family year-round.
Situated in the rapidly growing Southwest Sherman area, this residence offers both comfort and convenience, being less than a mile from the new Sherman High School. Located just minutes from major employers like Texas Instruments and GlobiTech, and surrounded by a variety of dining options and recreational parks, this home combines modern living with community charm.
Whether you're a first-time homebuyer or looking to downsize, this move-in-ready gem is priced to sell quickly. Don't miss the opportunity to make this exceptional property your new home. The enormous refrigerator and like new front load washer and dryer and the Blink cameras will convey with an acceptable offer.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 23, 2025 | Sold | ||
| Sold | |||
| Jun 4, 2025 | In contract | - | |
| In contract | |||
| May 29, 2025 | Price Decreased |
$295,000
↓ $4K
(1.3%) | |
| Price Decreased | |||
| May 23, 2025 | Price Decreased |
$298,900
↓ $1K
(0.4%) | |
| Price Decreased | |||
| Apr 23, 2025 | Listed by eXp Realty LLC | $299,999 | |
| Listed by eXp Realty LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017