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$502,000

601 Mustang Drive, Mount Vernon, TX, 75457

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,638 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$151.25 / sqft
Year BuiltBuilt in 2003

Property Lead Type:

Off-Market ListHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDisposal, Electric Cooktop, Electric Range, Microwave, Plumbed For Ice Maker, Refrigerator, Washer
FlooringCarpet, Ceramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Lighting
Lot Size10,245 sqft

Building Information

Year Built2003
Garage Spaces2

Land Information

APN04230-00002-00012-000000
Lot Number12
SubdivisionMeadow Park
Land UseResidential
Legal DescriptionAB 261 G KEITH LT 12 BLK 2 UN 4 MEADOW PARK
Census Tract950102
Assessed Land Value$11,750
Assessed Improvement Value$488,900
Assessment Year2025

About this property

3 BDR, 2 Bath, 2 Car Garage-Custom Home in the beautiful, East Texas Piney Woods. This home is all you will need! The home features a gorgeous custom kitchen, granite, center island, coffee bar, kitchen appliances will convey, split floor plan, use the large room over the garage as an extra room, studio, home gym or office. New roof in 2018, sprinkler system, lush St. Augustine grass. Near doctors offices, beauty shops, boutiques & wonderful restaurants. If that's not enough this home is located within 10 minutes of the Bob Sandlin State Park, world class fishing, and Lake Cypress Springs, voted the most beautiful lake in Texas by D Magazine. Come & see! Owners will allow up to $10,000 for updates. Don't wait!

Investor Tools

Property Icon
$502,000
Estimated Property Value
$0Estimated Mortgage Balance
$180,017Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,012 /month
Positive
Cash Flow Estimate:
$1,004 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$442/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,790
$500,650
2025
$11,750
$488,900
$500,650
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,790
$500,650

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Reeder Real Estate Lp
Purchase Money Mortgage
$353,263
No
First
Sep 10, 2021
Mar 2022

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$321,983
$180,017
35%
64%
$2,118/mo

Learn About the Market: Opportunity in Texas

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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.

Explore Texas Explore This Area
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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601 Mustang Drive | Property Details | No Agent List