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B+
NoAgentList RatingHow are grades calculated? Info

$623,000

2342 Farm Road 3122, Mount Vernon, TX, 75457

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,760 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$162.68 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Electric Range, Microwave
FlooringLaminate, Tile

Exterior

Private PoolPrivate Pool
Lot Size3 acres

Building Information

Year Built2002

Land Information

APN00925-00000-00041-000001
Land UseResidential
Legal DescriptionAB 438 T STARNES
Census Tract950101
Assessed Land Value$52,500
Assessed Improvement Value$331,030
Assessment Year2025

About this property

Recently updated 4-bed, 2-bath home on 5 wooded acres near Lake Cypress Springs. Rustic charm meets modern convenience with vaulted ceilings, wood-burning fireplace, new paint, light fixtures, laminate & tile flooring. Gourmet kitchen with quartz countertops, new appliances. Spacious master suite with oversized tile shower, double vanities, walk-in closet. Mudroom with custom cabinets. Sunroom & dining area overlooks saltwater pool, patio with fire pit. Full-length covered porch. Detached garage-shop and she shed. Call for private showing, available 7 days a week.

Investor Tools

Property Icon
$623,000
Estimated Property Value
$435,958Estimated Mortgage Balance
$201,355Estimated Equity
30% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,738 /month
Positive
Cash Flow Estimate:
$1,246 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$550/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,484
$383,530
2025
$52,500
$331,030
$383,530
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,484
$383,530

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Guaranteed Rate Inc
Fha
$435,958
Yes
First
Jul 30, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$421,645
$201,355
32%
68%
$2,614/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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2342 Farm Road 3122 | Property Details | No Agent List