17Days on Market

1view

$539,000

$549,900

156 Cove Ln, Brookeland, TX, 75931

On Market

Price Drop

3 Beds

3 Bath

1,280 Sq Ft

Single Family Residence

$421.09 / sqft

Built in 1998

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms Full 3

AppliancesElectric Oven, Microwave, Electric Range, Dryer, Washer

FlooringVinyl

Exterior

Exterior FeaturesDock

Lot Size33,803 sqft

Building Information

Garage Spaces2

Land Information

APN012400044600

Lot Number32

SubdivisionRayburn Country

Land UseResidential

Legal DescriptionLOT 32 SEC 2 RAYBURN COUNTRY 1314/680-1314/684 0.776 ACRES

Census Tract950101

Assessed Land Value$245,069

Assessed Improvement Value$214,973

Assessment Year2025

About this property

Waterfront Home on Lake Sam Rayburn with giant A-Frame deck! Almost 1 acre! 3BR, 3BA updated home! Perfect for creating those amazing vacation memories or even better for full time living! Giant A-Frame deck overlooks the lake! Excellent views for watching your favorite people do their lake activities! Deck is made from Trex Deck! Resists fading, rotting & splitting! Will last for practically ever! The large windows let in so much natural light and stunning lake views! French doors lead you into an open concept vaulted ceiling living room with wood burning fireplace, dining room and kitchen! Kitchen was remodeled Feb 2025! New counters, new paint, lights, all new appliances and backsplash! Whole home water filtration system added in 2025, includes RO drinking waterspout in the kitchen- clean fresh water throughout, no more packing bottled water! 3rd full bathroom located outside the home for easy access for after fishing/lake activities! Fish cleaning station under deck! W/D in home!

Investor Tools

$460,042

Estimated Property Value

$352,500Estimated Mortgage Balance

$127,506Estimated Equity

23% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$3,234 /month

Positive

Cash Flow Estimate:

$1,078 /month

Interested in this property?

Jared English

Congress Realty, Inc.

Contact

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$668/month

$80/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$5,721

$460,042

2025

$245,069

$214,973

$460,042

Tax History

Year

Tax Paid

Assessed Value

2025

$5,721

$460,042

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Np Inc

Conventional

$352,500

First

Jun 15, 2023

Jul 2053

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$332,536

$127,506

27%

72%

$2,114/mo

Learn About the Market: Opportunity in Texas

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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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