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$750,000

$782,500

331 Spring Creek Dr, Mount Vernon, TX, 75457

On MarketInfo
Just AddedInfo
Price DropInfo
Beds4 Beds
Baths3 Bath
Baths2,292 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$327.23 / sqft
Year BuiltBuilt in 1986

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Range, Microwave, Refrigerator

Exterior

Exterior FeaturesStorage
Lot Size28,924 sqft

Building Information

Year Built1986
Garage Spaces2

Land Information

APN02501-00007-00046-000000
Lot Number46R-1
SubdivisionTall Tree
Land UseResidential
Legal DescriptionAB 217 J E HOPKINS LT 46R-1 BLK 7 SEC 2 TALL TREE REPLAT 205A - R/P 88B - LEASEHOLD STRUCTURAL ELEVATION ;
Census Tract950101
Assessed Land Value$281,520
Assessed Improvement Value$279,340
Assessment Year2025

About this property

The perfect lake house on Lake Cypress Springs! This is the opportunity buyers have been waiting for! A property offering million dollar views at a price point rarely found on the lake. Situated on an incredible waterfront lot with expansive open water views, this property combines breathtaking scenery, recent updates, and exceptional versatility. The property features a 1,652 SF main home, a 640 SF guest house, and an oversized shop, providing plenty of space for family, friends, and all your lake toys. The recently updated main home offers 3 bedrooms and 2.5 bathrooms with an open concept design that is ideal for entertaining. Large windows capture the spectacular lake views, while the spacious living, dining, and kitchen areas create the perfect gathering space. The kitchen features stainless steel appliances and ample room for a large island. An oversized utility room provides additional storage and functionality. The primary suite offers a private retreat with an en-suite bathroom and walk in closet, while two additional guest bedrooms provide comfortable accommodations for family and visitors. The guest house includes a bedroom and full bathroom, making it ideal for overflow guests or extended stays. The oversized shop easily accommodates multiple boats, vehicles, golf carts, and lake equipment. Outside, the waterfront lot is truly the star of the show, offering some of the most impressive views on Lake Cypress Springs and the perfect location to build your dream boathouse. Located in a highly desirable gated subdivision, residents enjoy outstanding amenities including a boat ramp, community pool, tennis courts, and more. Whether you're looking for a weekend getaway or a full time residence, this property delivers everything buyers love about lake living.

Investor Tools

Property Icon
$633,000
Estimated Property Value
$364,000Estimated Mortgage Balance
$295,637Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,500 /month
Positive
Cash Flow Estimate:
$1,500 /month

Interested in this property?

Nicole Anderson

Anderson Elite Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$864/month
$378/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,200
$560,860
2025
$281,520
$279,340
$560,860
No

Tax History

Year
Tax Paid
Assessed Value
2025
$7,200
$560,860

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cardinal Financial Company Lp
Conventional
$364,000
No
First
Aug 1, 2022
Sep 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$337,974
$295,026
46%
53%
$2,183/mo

Learn About the Market: Opportunity in Texas

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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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