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$1,114,000

256 Wilcox Street, Mount Vernon, TX, 75457

$1,448,200 ARVInfo
Off MarketInfo
Beds4 Beds
Baths6 Bath
Baths3,112 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$319.73 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 6Bathrooms 6
AppliancesDishwasher, Disposal, Electric Range, Microwave
FlooringCarpet, Ceramic Tile, Simulated Wood

Exterior

Exterior FeaturesBoat Slip, Other

Building Information

Year Built2016

Land Information

APN02165-00000-00010-000000
Lot Number10
SubdivisionHoliday Retreat
Land UseResidential
Legal DescriptionAB 84 D COOTS LT 10 PH 1 HOLIDAY RETREAT LEASEHOLD STRUCTURAL ELEVATION ; N/A
Census Tract950101
Assessed Land Value$365,100
Assessed Improvement Value$699,610
Assessment Year2025

About this property

Welcome to your dream lakefront retreat at Lake Cypress Springs! Nestled in a tranquil cove with expansive open water views, this ranch-style house offers the ultimate in lakeside living. Step into luxury with 4 large bedrooms and a bonus room currently used as a bedroom, providing ample space for family and guests. With 5 full baths all conveniently located on one level, comfort and convenience are paramount. Family is in mind withe the second level game room or bunk house. The heart of the home is the expansive 70-foot wide covered porch at the back, offering breathtaking lake views, and endless fun at gatherings with family and friends. For water enthusiasts, this property boasts two docks, ensuring you can easily access the lake and indulge in all your favorite water activities. Don't miss this opportunity own a piece of lakeside paradise where every day feels like a vacation. Schedule your private tour today and make this lake house your own retreat.

Investor Tools

Property Icon
$1,114,000
Estimated Property Value
$0Estimated Mortgage Balance
$369,666Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$1,448,200
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,684 /month
Positive
Cash Flow Estimate:
$2,228 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,065/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,210
$1,041,830
2025
$365,100
$699,610
$1,064,710
No

Tax History

Year
Tax Paid
Assessed Value
2021
$7,210
$1,041,830

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$760,000
No
First
Mar 20, 2025
Apr 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$744,334
$369,666
33%
67%
$4,557/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.

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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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256 Wilcox Street | Property Details | No Agent List