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$349,000

109 Watson Drive, Mount Vernon, TX, 75457

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,849 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$175.77 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Dryer, Electric Oven, Electric Water Heater, Gas Cooktop, Ice Maker, Microwave

Exterior

Lot Size20,042 sqft

Building Information

Year Built2022
Garage Spaces2

Land Information

APN04365-00000-00026-000000
Lot Number26
SubdivisionSherlock Homes
Land UseResidential
Legal DescriptionAB 65 E BOUTON LT 26 SHERLOCK HOMES
Census Tract950200
Assessed Land Value$18,040
Assessed Improvement Value$300,400
Assessment Year2025

About this property

Immaculate 1845 sq ft home offers a spacious floor plan with 3 bedrooms and 3 full baths. Beautifully appointed porcelain tile through the home providing the perfect blend of comfort and style. The kitchen features quartz countertops, stainless steel appliances and a generous wrap-around bar. Master suite is a private retreat with a luxurious ensuite. Open living area and abundant natural light flows seamlessly into a covered patio. Nestled in a community of newer homes this property offers the perfect setting. Whether you’re looking to host lively gatherings or enjoy quiet evenings at home, this residence provides the ideal backdrop. Modern amenities and thoughtful design throughout every corner of this home exudes functionality. The proximity to excellent schools ensures a smooth routine for families with children, while the nearby parks and Lake Cypress provide ample outdoor activities and recreation. To boot an easy access to I-30 for commuters and a 1.5 hour to Dallas.

Investor Tools

Property Icon
$349,000
Estimated Property Value
$0Estimated Mortgage Balance
$111,138Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,094 /month
Positive
Cash Flow Estimate:
$698 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$517/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,463
$318,440
2025
$18,040
$300,400
$318,440
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,463
$318,440

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Truist Bank
Conventional
$244,000
No
First
Dec 12, 2024
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,862
$111,138
31%
68%
$1,463/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: Mount Vernon

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109 Watson Drive | Property Details | No Agent List