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B+
NoAgentList RatingHow are grades calculated? Info

$588,000

68 Cove Drive, Mount Vernon, TX, 75457

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,288 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$384.32 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2.5Bathrooms 2.5
AppliancesDishwasher, Disposal, Electric Oven, Electric Range, Microwave
FlooringVinyl, Wood

Building Information

Year Built1996
Garage Spaces2

Land Information

APN02370-00000-00333-000000
Lot Number333
SubdivisionSnug Harbor
Land UseResidential
Legal DescriptionAB 84 D COOTS LT 333 PH 3 SNUG HARBOR STRUCTURAL ELEVATION ; 385.126
Census Tract950101
Assessed Land Value$202,500
Assessed Improvement Value$247,500
Assessment Year2025

About this property

Water, water everywhere...stunning panoramic water views from almost every room. VERY RARE 3 BR, 2.5 BA, 2 car garage, waterfront home on beautiful Lake Cypress Springs for $550,000. The property includes 160' feet of waterfront and a docking pier. Custom built chalet style home with breath-taking views straight up the lake from multiple rooms of the house,both upstairs and down. The living-dining room has a vaulted ceiling with fans, wood burning fireplace and real wood parquet flooring. Open living-dining area with galley style kitchen. Master bedroom and bath and a half down and two bedrooms, one bath and sitting area upstairs. Whether looking for your retirement dream home or weekend retreat, you must see to appreciate. Schedule your private showing today.

Investor Tools

Property Icon
$588,000
Estimated Property Value
$0Estimated Mortgage Balance
$17,102Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,528 /month
Positive
Cash Flow Estimate:
$1,176 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$726/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,777
$450,000
2025
$202,500
$247,500
$450,000
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,777
$450,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Highlands Residential Mortgage Ltd
Conventional
$578,500
No
First
Aug 8, 2025
Sep 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$570,898
$17,102
2%
97%
$3,469/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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68 Cove Drive | Property Details | No Agent List