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$610,000

NAL Estimated Property Value

327 Covington Ln, Ovilla, TX, 75154

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,807 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$222.66 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Gas Cooktop, Microwave
FlooringCarpet, Concrete

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Outdoor Grill, Private Yard
Lot Size23,130 sqft

Building Information

Year Built2007
Stories1
Roof Type105
Garage Spaces3

Land Information

APN62.7120.905.014.00.108
Lot Number14
SubdivisionOvilla Parc- Rev
Land UseResidential
Legal DescriptionLOT 14 BLK E OVILLA PARC- REV .531 AC
Census Tract060221
Assessed Land Value$143,000
Assessed Improvement Value$467,000
Assessment Year2025

About this property

How would you like to wake up every morning and feel like you are on vacation? This Midlothian ISD gorgeous home is nestled on a half acre corner lot with a backyard oasis for you to enjoy with all your friends and family. House boasts an amazing layout and all of the features that make this home a place you almost never need to leave. With a dreamy kitchen, large private primary bedroom, two nice size secondary bedrooms, separate office, a family room with a row of windows looking out to your backyard retreat, a separate den and three car garage, there's space for everyone. Walk right out the back door to a sparkling inviting pool with spa, perfect for lounging around or swimming laps. You can relax under the covered patio and be calmed by the sounds of the spa's waterfall on those balmy summer evenings. It's time for you to live the vacation life you deserve.

Investor Tools

Property Icon
$610,000
Estimated Property Value
$430,233Estimated Mortgage Balance
$179,767Estimated Equity
29% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,750 /month
Positive
Cash Flow Estimate:
$1,250 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,078/month
$330/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,887
$610,000
2025
$143,000
$467,000
$610,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,887
$610,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Evolve Bank & Trust
Conventional
$454,500
No
First
Jun 8, 2023
Jul 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$430,233
$179,767
29%
71%
$2,725/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,080/mo
$3,055/mo
$-975/mo
4.1%

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: Ovilla

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327 Covington Ln | Property Details | No Agent List