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$220,000

1535 Us Highway 67 E, Mount Vernon, TX, 75457

$286,000 ARVInfo
PendingInfo
Beds3 Beds
Baths2 Bath
Baths2,283 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$96.36 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

ARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCeramic Tile, Vinyl

Exterior

Lot Size33,750 sqft

Land Information

APN04152-00000-00027-000000
Lot Number27
SubdivisionHarvey Morris
Land UseResidential
Legal DescriptionAB 447 B SMITH LT 27 H M ADDN
Census Tract950102
Assessed Land Value$23,050
Assessed Improvement Value$195,230
Assessment Year2025

About this property

Exceptionally well-maintained home situated on approximately 0.75 acres just outside the city limits of Mount Vernon in desirable Franklin County. Conveniently located just minutes from I-30 and only 100 miles from Dallas, this property offers the perfect blend of peaceful country living with easy access to town amenities and is just a short drive to the area's beautiful lakes, including Lake Cypress Springs and Lake Bob Sandlin. Inside, you'll find a spacious and inviting floor plan featuring numerous updates throughout, a generous living area with a cozy fireplace, and an excellent flow designed for both everyday living and entertaining. Offering 3 bedrooms and 2 baths, this home also includes a versatile den that could easily serve as a 4th bedroom, home office, hobby room, or flex space to fit your needs. The oversized utility room provides abundant storage and functionality. Enjoy relaxing mornings on the covered front porch while taking in the serene setting. Properties this well cared for don't come along often—don't miss your opportunity to make this one yours!

Investor Tools

$52,759Estimated Mortgage Balance
$167,352Estimated Equity
82% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$286,000
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,320 /month
Positive
Cash Flow Estimate:
$440 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$130/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$463
$142,980
2025
$23,050
$195,230
$218,280
No

Tax History

Year
Tax Paid
Assessed Value
2025
$463
$142,980

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
City National Bank Of Sulphur Springs
Stand Alone First / Home Equity First Lien
$60,000
No
First
Apr 29, 2020
May 2035

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$52,759
$249,241
82%
24%
$360/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.

Explore Texas Explore This Area
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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1535 Us Highway 67 E | Property Details | No Agent List