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$37,500

408 FM 3007, Mount Vernon, TX, 75455

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

About this property

Have you ever wanted to build on a hill top? There is evidence that this property was once a beautiful home site with flowers and flowering trees all around. If you have ever wanted a small acreage to build on this it! The hill top is just waiting for the new owner to put a beautiful home on it once again. Water and electric on site. Deed restrictions: no manufactured homes, no junk cars, no travel trailers or RV's as permanent residence. Seller shall reserve all mineral rights. Do not enter the house, it is a tear down and has no value. The seller is actively removing some boards and flooring from the home.

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$0Estimated Mortgage Balance
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0% equity
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Estimated ARV (After-Repair Value)
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Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

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Financing Details

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

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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408 FM 3007 | Property Details | No Agent List