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$659,900

Beds
2
Baths
2.0
sq ft
1,160

406 Lake Dr, Mount Vernon, TX 75457

406 Lake Dr

Mount Vernon, TX 75457

  • 4 days on market
This fabulous, aggressively priced home on Lake Cypress Springs sits on two spacious lots in a quiet cove with direct main lake views. Beautifully remodeled and tastefully decorated, the home features an open-concept design with large windows that flood the space with natural light and showcase the stunning lake scenery. The kitchen is equipped with stainless steel appliances and a great eating area, perfect for entertaining. The master suite boasts a breathtaking wall of windows overlooking the lake, while the oversized secondary bedroom is ideal for a true bunk room. The outdoor space is just as impressive. One of the few homes on the lake with a shop, this property also includes an additional storage building for extra convenience. The covered patio is a dream, complete with a hot tub, while the firepit offers the perfect spot to take in views of the lake and boathouse. The boathouse features one stall and a jet ski lift. This home is being sold fully furnished, including a jet ski, with the option for the boat to stay with the property. Located within walking distance to Walleye Park, this is a rare opportunity to own a lakefront retreat in this price range. Act fast—this one won’t last long!

Details

Property type

Single Family Residence

Est. home value

$255,858

Lot size

0.793 acres

Price per sq ft

$569

Year built

1985

Annual property taxes

$5,062

Price History

02/19/2025
NTREIS

NTREIS #20848457

Listed
$659,900

Schools & Community

Elementary school: 

Mt Vernon

Middle school: 

Mt Vernon

High school: 

Mt Vernon

School district: 

Mount Vernon ISD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$236,531
Asking price
$659,900
Closing costs (~8% of asking)
-$52,792
Est. remaining loan balance
-$370,577
Cash to seller
$236,531

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Cmg Mortgage Inc

Loan start date

October 2021

Original loan amount

$400,000

Est. remaining balance

$370,577

Interest rate

2.87%

Loan type

New Conventional, 30 year

Seller

Randall Scott Mcclelland Jr and Rochelle Jeannine Thomas

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/24/2025 at 6:55 AM

Listing updated: 02/19/2025 at 8:12 PM

Listed by: Nicole Anderson, Ramsey Group- Lake Cypress Phone #: (903) 767-2805

MLS: NTREIS #20848457

NTREIS logo

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