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$648,000

NAL Estimated Property Value

1338 Fm 67, Covington, TX, 76636

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths2,268 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$288.8 / sqft
Year BuiltBuilt in 2013

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
AppliancesDishwasher, Electric Oven, Microwave
FlooringVinyl

Exterior

Exterior FeaturesRain Gutters, RV Hookup, Storage
Lot Size10.00 acres

Building Information

Year Built2013

Land Information

APN124215
SubdivisionW Weatheread A-
Land UseResidential
Legal DescriptionW WEATHEREAD A-932 TR 4 10.001 AC
Census Tract960200
Assessed Land Value$199,020
Assessed Improvement Value$367,540
Assessment Year2025

About this property

Welcome to your dream country retreat—this custom-built 2,268 sq ft ranch-style home offers the perfect blend of comfort, functionality, and wide-open Texas living. Featuring 2 spacious bedrooms and 2 full bathrooms, the thoughtfully designed floor plan provides flexibility to easily add a third bedroom if desired. Inside, you’ll find beautiful custom hickory cabinetry, adding warmth and character throughout the home. The sunroom is a true highlight, complete with custom shades—perfect for relaxing. This property is built for efficiency and durability with two AC units, a heat pump for heating, and 26-gauge R-panel metal roofing on both the home and shop. The impressive 40x50 spray foam insulated shop includes a 20x50 lean-to and is equipped with a 50-amp hookup—ideal for an RV, motorhome, or additional equipment. A convenient on-site dump station adds even more functionality for travel and outdoor living. A dedicated interior storage room offers versatility and could easily serve as a home office, with an additional loft space providing even more storage. The land is equally impressive, featuring a pipe-fenced entrance and cross-fenced acreage ready for a variety of agricultural uses. The front and back portions are planted in coastal grass, while the center section with scattered trees is perfect for grazing cattle. Enjoy the benefits of no city taxes and an existing ag exemption making this property as practical as it is beautiful. Whether you’re looking for a working ranch, weekend getaway, or forever home, this one is ready to go.

Investor Tools

Property Icon
$648,000
Estimated Property Value
$0Estimated Mortgage Balance
$648,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,930 /month
Positive
Cash Flow Estimate:
$1,310 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$352/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$989
$566,560
2025
$199,020
$367,540
$566,560
No

Tax History

Year
Tax Paid
Assessed Value
2025
$989
$566,560

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$648,000
100%
0%
$0/mo

City: Covington

1338 Fm 67 | Property Details | No Agent List