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$639,900

535 Fm 2681, Mexia, TX, 76667

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths4 Bath
Baths2,862 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$223.58 / sqft
Year BuiltBuilt in 1991

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 4Bathrooms 4
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringTile, Wood

Exterior

Exterior FeaturesStorage

Building Information

Year Built1991
Garage Spaces4

Land Information

APNR19628
Lot Number17B
Land UseResidential
Legal DescriptionLAKE MEXIA YAUPON, LOT 017B
Census Tract970200
Assessed Land Value$43,870
Assessed Improvement Value$392,920
Assessment Year2024

About this property

AMAZING OPPORTUNITY FOR A HOME WITH GREAT WATERFRONTAGE ON LAKE MEXIA! This exceptional brick estate on Lake Mexia sits on 2.1624 beautifully manicured acres, offering a private lakeside paradise perfect as a permanent residence or an ultimate weekend retreat. A long, rocked driveway ensures complete privacy from the road and leading to a circle drive framed by landscaping and mature trees. Inside the main brick home, a bright and spacious layout captures stunning water views from almost every room. The inviting living room flows seamlessly into a cozy family room, which features a warming pellet stove fireplace and oversized picture windows framing the lake. This space opens directly to a dining area and a chef’s kitchen equipped with premium SS appliances, granite countertops, and center island. The large mudroom and laundry room are accessible from the kitchen or the side deck. The main residence offers 3 bedrooms and 3 full bathrooms, including primary suite with clear views of the backyard and lake. The outdoor living areas are designed as an entertainer's dream: an oversized deck that features a built-in sauna room and a convenient outdoor full bath for guests. From the deck, a paved pathway leads straight down to the shoreline and a private pier. Enjoy boating, swimming, or fishing right from your own backyard. For multi-generational living or hosting frequent guests, a completely separate brick house sits on the property to offer total comfort and independence, complete with its own attached two-car garage, dedicated laundry area, and functional workspace. The expansive acreage is loaded with storage, vehicle space, and workshop structures. It features a 1,080sf insulated metal shop with a concrete floor, AC, water connections, a center dividing wall, and two roll-up doors. Additional structures include a 360sf metal storage building, a 360sf carport, an additional concrete-floor two-car carport, a 200sf shed, a 96sf shed, and a portable building.

Investor Tools

$211,022Estimated Mortgage Balance
$284,439Estimated Equity
51% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,839 /month
Positive
Cash Flow Estimate:
$1,280 /month

Interested in this property?

Mitzi Eves

Coldwell Banker Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$628/month
$40/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,065
$436,790
2024
$43,870
$392,920
$436,790
No

Tax History

Year
Tax Paid
Assessed Value
2022
$5,065
$436,790

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank
Unknown
$300,000
No
First
Jun 10, 2013
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$211,022
$225,768
51%
43%
$0/mo

City: Mexia