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$762,000

NAL Estimated Property Value

275 Lake Dr, Mount Vernon, TX, 75457

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,824 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$370.07 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDishwasher, Electric Oven, Electric Water Heater, Refrigerator

Building Information

Year Built1980
Garage Spaces2

Land Information

APN02370-00000-00136-000000
Lot Number126,136
SubdivisionSnug Harbor
Land UseResidential
Legal DescriptionAB 84 D COOTS LT 136 & 126 SNUG HARBOR LEASEHOLD
Census Tract950101
Assessed Land Value$264,000
Assessed Improvement Value$345,070
Assessment Year2025

About this property

This is a one of a kind home! The best of both worlds! You have your waterfront lot (which is a buildable lot with having the lot across the street adjacent to this one), the home across the street which is move in ready, and the lot next door. The home has a 3 car garage setting, 2 are in back of home and 1 with a garage and carport in the front entry of the home. There is also a generator that is run by the propane tank in back that runs the house if you are out of electricity for a period of time. You have quite a bit of space here to enjoy all of your outside activities and entertaining with the family and friends with the lake access right across the street from you! Go jump in the lake! Come enjoy Beautiful Lake Cypress Springs with being just minutes from Lake Bob Sandlin. (before home next door is sold to be moved you can make an offer on this to stay ~ the home is a 3 bed 2 bath)

Investor Tools

Property Icon
$762,000
Estimated Property Value
$542,187Estimated Mortgage Balance
$219,813Estimated Equity
28% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,572 /month
Positive
Cash Flow Estimate:
$1,524 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$948/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,564
$589,250
2025
$264,000
$345,070
$609,070
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,564
$589,250

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Alliance Bank
Building Or Construction Loan
$573,750
No
First
May 9, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$542,187
$219,813
28%
71%
$3,440/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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275 Lake Dr | Property Details | No Agent List