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$534,000

NAL Estimated Property Value

2223 Farm Road 115, Mount Vernon, TX, 75457

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,920 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$248.96 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Range
FlooringSimulated Wood, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesFire Pit, Rain Gutters, Kennel, Private Yard, Storage
Lot Size1 acre

Building Information

Year Built1979
Garage Spaces2

Land Information

APN00939-00001-00201-000000
Land UseAgriculture / Farming
Legal DescriptionAB 488 WM THOMAS
Census Tract950101
Assessment Year2025

About this property

Absolutely GORGEOUS and meticulously maintained property with your OWN private access to Lake Edwards! The kitchen boasts stainless steel appliances including fridge, kitchen island with amazing butcher block, granite countertops, shaker style wood cabinetry with under-mounted lights and open to dining and living area. Living area features beamed 10 ft (at the peak) ceilings, fireplace & mantel with farmhouse style planks. The office space is a perfect amount of space & tons of natural light. Bedrooms are spacious with tons of natural light and guest bathroom features double vanities with quartz countertops and gorgeous shower. The Master en-suite features sitting area, beautiful beamed ceiling, gorgeous tile work, soaking tub, spacious shower with two separate shower heads, rain forest shower head, shower bench and glass door. The three car garage features half bathroom, workspace area and heated and cooled mancave. PLUS Barn, storage blg, above ground pool, great pond and the LAKE!

Investor Tools

Property Icon
$534,000
Estimated Property Value
$0Estimated Mortgage Balance
$534,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,204 /month
Positive
Cash Flow Estimate:
$1,068 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$648/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,108
$512,240
2025
N/A
N/A
$530,250
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,108
$512,240

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$534,000
100%
0%
$0/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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2223 Farm Road 115 | Property Details | No Agent List