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$940,000

NAL Estimated Property Value

423 A HCR 1439, Covington, TX, 76636

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths3,240 Sq Ft
price_per_sqft$212.65 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 4Bathrooms Half 4
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringConcrete, Hardwood

Exterior

Exterior FeaturesBalcony, RV Hookup, Storage, Other
Lot Size1 acre

Building Information

Year Built2014

Land Information

APN124267
SubdivisionW Weatheread A-
Land UseResidential
Legal DescriptionW WEATHEREAD A-932 TR 33B-1 1.00 AC
Census Tract960200
Assessed Land Value$16,000
Assessed Improvement Value$546,030
Assessment Year2025

About this property

Truly endless possibilities on this 12+ acre working ranch with sandy soil for any type of livestock, horses, hay production and gardening. Gated pipe entry leads to the heart of this authentic barndominium where rustic charm meets exceptional functionality. The expansive living, dining, and kitchen great room is designed for gathering asnd feature soaring pine ceilings, an abundance of cabinetry and drawers, and an oversized island with extended serving arm perfect for buffets, entertaining, and holiday hosting. Double doors open seamlessly to the patio and wraparound porches, creating effortless indoor-outdoor living for large family gatherings and guests alike. A standout feature of the home is the incredible walk-in pantry — truly the size of many kitchens — complete with extensive cabinetry, countertops, shelving, and space for small appliances, storage, prep work, and organization. Deep farm sinks, gorgeous granite - tract & recessed lighting*600+ sq ft covered patio**Balcony for breathtaking sunrise & sunset views*Upstairs has 2nd living + 3rd en-suite bedroom*Hall bath also enters from outside near an additional slab with elect & water set-up for RV parking or to add a pool or hot tub*Rear section of main home is currently set-up with 2 stalls, tack room, professional dog-washing equip, additional washer-dryer connections & 2 exit doors but could easily convert to another self-contained living space or to just add 2 more bedrooms*More family coming? Separate 24x18 building has water, electric & drain to create tiny home living, game room, man-cave, she-shed, gardening room, study or office*Large shop has concrete floor with roll-up and street doors offers limitless opportunities for work or pleasure, plus a livestock barn with stalls*Pond + wet-weather creek and oak trees complete the package*Quick access to major highways for easy commute in all directions*Adjoining 6+acres with nice doublewide, shop and storage buidings also available. Call agent

Investor Tools

Property Icon
$940,000
Estimated Property Value
$228,858Estimated Mortgage Balance
$711,142Estimated Equity
75% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,640 /month
Positive
Cash Flow Estimate:
$1,880 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$594/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,432
$562,030
2025
$16,000
$546,030
$562,030
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,432
$562,030

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Citizens State Bank
Assumption
$200,000
Yes
First
Oct 31, 2014
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$228,858
$711,142
75%
24%
$1,784/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: Covington

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423 A HCR 1439 | Property Details | No Agent List