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$351,673

NAL Estimated Property Value

507 Covington Cv, Princeton, TX, 75407

Off MarketInfo
LeaseInfo
Beds4 Beds
Baths3 Bath
Baths2,264 Sq Ft
price_per_sqft$1.01 / sqft
Year BuiltBuilt in 2022

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Convection Oven
FlooringCarpet, Ceramic Tile, Laminate

Building Information

Year Built2022
Stories1
Garage Spaces2

Land Information

APNR-12300-00J-0450-1
Lot Number45
SubdivisionMonticello Park - Phase 1(Cpn)
Land UseResidential
Legal DescriptionMONTICELLO PARK - PHASE 1(CPN), BLK J, LOT 45
Census Tract031005
Assessed Land Value$99,750
Assessed Improvement Value$251,923
Assessment Year2025

About this property

Welcome home to this beautiful home, offering the perfect blend of space, style, and functionality. With 4 spacious bedrooms, 3 full bathrooms, a dedicated study, and a large game room, this thoughtfully designed floor plan offers flexibility for working from home, hosting guests, or simply spreading out comfortably. The bright, open kitchen features crisp white cabinetry, stainless steel appliances, and an oversized island that anchors the living space and makes entertaining effortless. Natural light pours throughout the home, highlighting the clean lines and modern finishes that feel fresh and inviting. Step outside to enjoy your private backyard and covered patio, ideal for relaxing evenings or weekend gatherings. If you are looking for a move-in-ready home with modern finishes and plenty of room to grow, this one checks every box.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$758/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,342
$351,673
2025
$99,750
$251,923
$351,673
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,342
$351,673

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Velocio Mortgage Llc
Conventional
$260,000
No
First
Apr 3, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$245,275
$106,398
30%
70%
$1,559/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,810/mo
$2,059/mo
+$751/mo
9.6%

Learn About the Market: Opportunity in Texas

Local Market Pages
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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: Princeton

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507 Covington Cv | Property Details | No Agent List