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$228,000

NAL Estimated Property Value

500 W Main Street, Mount Vernon, TX, 75457

$296,400 ARVInfo
Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths3,116 Sq Ft
price_per_sqft$159.82 / sqft
Year BuiltBuilt in 1902

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Disposal, Gas Oven, Gas Range, Gas Water Heater, Ice Maker, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters, Lighting, Private Yard, Storage

Building Information

Year Built1997

Land Information

APN00069-02003-00080-000009
Lot Number10
Land UseResidential
Legal DescriptionMOBIL HM ONLY TRA0358483 GREEN ACRES MH LOT 10 SITS ON PID 3210
Census Tract950200
Assessed Improvement Value$36,600
Assessment Year2025

About this property

HURRY while this beautiful, fully-renovated Historic Home with wrap around porch is still available! The spacious corner lot offers an even more spacious 2-story home with plenty of room for family and friends within walking distance to the Mt. Vernon downtown restaurants and shops and only a couple blocks from the beautiful Mt. Vernon City Park. Although in the heart of downtown, this large corner lot has an empty lot across the road allowing for a beautiful front-porch view. This updated home features a brand new roof and gutters, completely renovated interior, new and repaired plumbing (2024), new upstairs HVAC (2023), tankless water heater (2021), new pool equipment (2024), and new and updated appliances including dishwasher (2024), microwave (2024) and refrigerator. A large in-ground pool surrounded by a wood privacy fence is situated within eye-sight of the large covered back-yard porch. The pool features a custom cover for the winter and colorful shade sales for summer shade. With 5 bedrooms, an office, 2 living areas, and a combo dining-kitchen plus 2.5 baths, this home has plenty of space and luxurious finishes. Don't let this one slip by you!

Investor Tools

Property Icon
$228,000
Estimated Property Value
$0Estimated Mortgage Balance
$228,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$296,400
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,988 /month
Positive
Cash Flow Estimate:
$996 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$152/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$685
$36,600
2025
N/A
$36,600
$36,600
No

Tax History

Year
Tax Paid
Assessed Value
2025
$685
$36,600

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$228,000
100%
0%
$0/mo

City: Mount Vernon