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$707,000

NAL Estimated Property Value

894 Hcr 1429, Covington, TX, 76636

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,217 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$338.07 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher

Exterior

Lot Size10.71 acres

Building Information

Year Built2017

Land Information

APN393216
Land UseResidential
Legal DescriptionJ MCCARTER A-555 TR 74B 10.71 AC
Census Tract960100
Assessed Land Value$213,130
Assessed Improvement Value$375,600
Assessment Year2025

About this property

Experience refined country living on 10.71 ag-exempt acres, just 12 minutes from Cleburne. This turn-key luxury estate delivers unmatched privacy, peaceful surroundings, and a thoughtfully designed custom home completed in 2018. A full wrap-around porch frames the home, offering panoramic sunrise and sunset views. Step inside to soaring cathedral ceilings lined with rich wood, an abundance of natural light, and an open concept living space designed for both relaxation and entertaining. The chef’s kitchen features granite countertops, prep sink, and an impressive vaulted walk-in pantry with floor-to-ceiling storage. The primary retreat is located on the first floor and offers a spa-inspired bath with walk-in shower, clawfoot soaking tub, built-in makeup vanity, and generous walk-in closets. Upstairs, a dramatic walkway bridge overlooks the living room and leads to two additional bedrooms—creating a stunning architectural focal point. The land is cross-fenced and ag-exempt for cattle, with a full suite of exterior improvements: a 24×40 insulated shop with concrete floor and electricity, 22×40 RV overhang with hookups, 20×30 tractor or boat parking, and a 50×20 hay cow barn. A rare opportunity to own a private, peaceful, and luxurious country escape — truly turn-key and ready to enjoy.

Investor Tools

Property Icon
$707,000
Estimated Property Value
$149,337Estimated Mortgage Balance
$557,663Estimated Equity
78% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,497 /month
Positive
Cash Flow Estimate:
$1,499 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$460/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,984
$588,730
2025
$213,130
$375,600
$588,730
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,984
$588,730

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bank Of Colorado
Conventional
$172,016
No
First
Sep 25, 2019
Oct 2034

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$149,337
$557,663
78%
21%
$1,032/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.

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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: Covington

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894 Hcr 1429 | Property Details | No Agent List