1view

$789,000

766 Cypress Creek Drive, Mount Vernon, TX, 75457

Off Market

3 Beds

2 Bath

1,713 Sq Ft

Single Family Residence

$460.6 / sqft

Built in 1988

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3

Bathrooms 2

AppliancesDishwasher, Dryer, Electric Cooktop, Electric Oven, Microwave, Refrigerator, Washer

Exterior

Exterior FeaturesBoat Slip, Dock, Fire Pit, Rain Gutters

Lot Size23,069 sqft

Building Information

Year Built1988

Land Information

APN02501-00005-00034-000000

Lot Number34

SubdivisionTall Tree

Land UseResidential

Legal DescriptionAB 134 J DACON LT 34 BLK 5 SEC 2 TALL TREE STRUCTURAL ELEVATION ; N/A

Census Tract950101

Assessed Land Value$555,000

Assessed Improvement Value$415,000

Assessment Year2025

About this property

PRIMO LOCATION at sought after Lake Cypress Springs! Some would venture to say this property has the most spectacular and exquisite view on the entire lake. Almost 200 feet of waterfront with a covered boat slip and dock. The back patio is the perfect place to enjoy your cup of coffee in the mornings and the picturesque sunsets in the evenings. This 3 Bedroom, 2 Bath open concept home with over 1700 sqft is quaint, cozy and immaculately well kept. A large sunroom off the main living area offers additional sitting, recreation space, and dining for friends and family to spend quality time together and relax. Windows extend across the back of the house bringing in natural light and beautiful scenery. The spacious deck off the back porch also offers a second level lounging and cooking area. Added bonuses: Ample storage, in ground burn pit, and new roof in 2020. This is the kind of property that you would find in a story book. You must see it to believe it! Don't miss out on this one!

Investor Tools

$970,000

Estimated Property Value

$0Estimated Mortgage Balance

$634,537Estimated Equity

100% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$5,820 /month

Positive

Cash Flow Estimate:

$1,940 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$1,442/month

$480/month

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$12,452

$970,000

2025

$555,000

$415,000

$970,000

Tax History

Year

Tax Paid

Assessed Value

2025

$12,452

$970,000

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Guaranty Bank & Trust

Conventional

$360,000

First

Sep 1, 2022

Sep 2037

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$335,463

$634,537

65%

35%

$2,159/mo

Learn About the Market: Opportunity in Texas

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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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