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Denton 76227
2340 W Sherman Drive
$2,500,000
● House - Off Market

2340 W Sherman Drive

Aubrey, TX 76227
bedrooms
5 Beds
bathrooms
6 Baths
square feet
6,981 Ft²
$3,120,569
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

This is the dream home you have been waiting for! Enjoy life outside the city under the wrap around porch in this welcoming custom built paradise. 5 min from Aubrey or 10 from Denton. Entertain guests in this beautiful open floor plan under the 30+ ft wood panel ceiling or grill in the outdoor kitchen and watch the big game by the infinity edge pool. Maybe you prefer to spend time in the attached 4000+ sq ft shop or family time in the media room after working out in the gym? The opportunities are endless. Every detail was carefully planned from the LED lighting to 10000 gal water storage to the Smart home network in your 5 bed 6 bath forever home. This is a MUST SEE there are too many other amenities to list!
Unit Size
6,981 Ft²
Days on Market
-
Land Size
17.76 acres
Price per sqft
$387
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
2016

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 6 months ago (NTREIS #14591981)

Price History

Date / Event Date Event Price
Jul 9, 2021 Sold
Premium
Sold
Jun 4, 2021 Listed by Newland Real Estate, Inc. $2,700,000
Listed by Newland Real Estate, Inc.
This is the dream home you have been waiting for! Enjoy life outside the city under the wrap around porch in this welcoming custom built paradise. 5 min from Aubrey or 10 from Denton. Entertain guests in this beautiful open floor plan under the 30+ ft wood panel ceiling or grill in the outdoor kitchen and watch the big game by the infinity edge pool. Maybe you prefer to spend time in the attached 4000+ sq ft shop or family time in the media room after working out in the gym? The opportunities are endless. Every detail was carefully planned from the LED lighting to 10000 gal water storage to the Smart home network in your 5 bed 6 bath forever home. This is a MUST SEE there are too many other amenities to list!

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2016
  • Effective Year Built: 2016
  • Building Count: 2
  • Bedroom Count: 5
  • Bathroom Count: 6
  • Full Bathrooms: 6
  • Partial Bathrooms: 6
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 200
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 3,800
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 2

    Dimensions

  • Lot Size Square Feet: 773,582
  • Total Building Area: 13,400
  • Gross Building Area: 13,400
  • Building Area: 13,400
  • Building Area Measurement: R

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 9,600
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Subdivision: JACOB MICKLER
  • Land Acres: 0000017759
  • Standard Land Use Code: 2000
  • County Land Use Code: E1
  • State Land Use Code: E1
  • Legal Description 1: A0892A JACOB MICKLER, TR 1A, 17.759 ACRES

Neighborhood

  • School District Name: Aubrey Independent School District
  • Census Tract: 020117

Geography

  • Assessors Map Reference: 463-G
  • Subdivision Tract Number: 1A
  • Parcel: R619463
  • Municipality: AUBREY
  • Latitude: 33.3063
  • Longitude: -97.0193

    Address

  • Full Address: 2340 W Sherman Dr
  • Address - House Number: 2340
  • Street Direction: W
  • Address - Street Name: Sherman
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: Aubrey
  • Carrier Code: R002
  • 4-Digit Zip Code: 3468
  • Zip Code: 76227

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $2,781,292
  • Initial Tax Delinquent Year: 2020
  • Tax Rate Code Area: S02

    Market Valuation

  • Market Total Value: $2,578,420
  • Market Land Value: $696,127
  • Market Improvement Value: $1,882,293

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,922,129
  • Assessed Land Value: $39,836
  • Assessed Improvements Value: $1,882,293

    Exemptions

  • Veteran Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 09, 2021
  • Current Sale Recording Date: Jul 16, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 70
  • Current Sale Input Document Number: 2021-128726
  • Previous Sale Recording Date: Apr 04, 2016
  • Previous Sale Contract Date: Apr 01, 2016
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Denton

Stats & Trends

Median Asking:

$449,990

Sale Price/ft²

$203

Below Asking

0.03%

Average Days on Market

71

Average Home Size

2708 ft²

Average Home Age

14.4 years

Currently For Sale

5315 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 513 Rock Hill Road, Aubrey, TX, 76227

$2,499 /mo

  • 4 Beds
  • 2 Baths
  • 1,731 ft²
513 Rock Hill Road, Aubrey, TX, 76227 Listing by Andrew Felix
Unit for rent at 4920 Glen Oaks Circle, Aubrey, TX, 76227

$4,050 /mo

  • 4 Beds
  • 3 Baths
  • 2,731 ft²
4920 Glen Oaks Circle, Aubrey, TX, 76227 Listing by Curtis Petersen

Rentals Near You

Click here to view more rentals in the neighborhood.
NTREIS

Listed by: Jared Sparks, Newland Real Estate, Inc.
Last Updated: 6 months ago
Data Source: NTREIS MLS, MLS# 14591981
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 2340 West Sherman Drive built and last sold?
The property at 2340 West Sherman Drive was built in 2016 and last sold on Jul 9, 2021 for $2,187,500.
How much is this home worth?
The estimated value of the home located at 2340 West Sherman Drive is $2,686,919.
What are some comparable homes to 2340 West Sherman Drive?
There are currently no comparable homes to 2340 West Sherman Drive.
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