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$325,000

257 Lake Drive, Mount Vernon, TX, 75457

$422,500 ARVInfo
Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,126 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.87 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListDeal ListARV FlipAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesRefrigerator, Built-In Refrigerator, Dishwasher, Electric Oven
FlooringCeramic Tile

Building Information

Year Built1986

Land Information

APN02370-00000-00137-000000
Lot Number137
SubdivisionSnug Harbor
Land UseResidential
Legal DescriptionAB 84 D COOTS LT 137 SNUG HARBOR LEASEHOLD
Census Tract950101
Assessed Land Value$16,500
Assessed Improvement Value$298,000
Assessment Year2025

About this property

Welcome to this gorgeous WATERVIEW home, located in the charming Snug Harbor subdivision at Lake Cypress Springs. The owner spared no expense on this newly updated single-story residence! It boasts upscale custom features throughout the home. The oversized picture windows showcase stunning views all around! 3 spacious bedrooms and 3 full bathrooms, offer ample space and comfort for modern living. The open-concept kitchen is a chef's delight, featuring sleek white countertops, a convenient island for meal preparation and casual dining, and brand-new matching Frigidaire stainless steel appliances that ensure efficiency and style. Step outside to enjoy the large lakeside yard with towering, majestic pines making it the perfect spot for family gatherings or simply relaxing in the beautiful surroundings. This home is part of a friendly neighborhood, renowned for its picturesque landscapes and inviting community atmosphere. Experience the best of both comfort and contemporary living in this delightful retreat in the Snug Harbor community at beautiful Lake Cypress Springs.

Investor Tools

Property Icon
$539,000
Estimated Property Value
$0Estimated Mortgage Balance
$539,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$422,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,234 /month
Positive
Cash Flow Estimate:
$1,078 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$561/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,037
$314,500
2025
$16,500
$298,000
$314,500
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,037
$314,500

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$539,000
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.

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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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257 Lake Drive | Property Details | No Agent List