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Franklin 75457
1040 SE County Road 4235
$390,000
● House - Off Market

1040 SE County Road 4235

Mount Vernon, TX 75457
bedrooms
3 Beds
bathrooms
0 Bath
square feet
2,599 Ft²
$2,556
Est. Monthly
4.32%
Cap Rate

About This Property

This 3 bedroom 2 bath brick home is situated on 4.24 fenced acres with a wonderful country setting and pond to fish from. You will love the interior with hardwood laminate floors, beautiful light fixtures, and a wonderful kitchen with stainless appliances and beautiful granite countertops. The home boasts an open-living concept with a great gas-log fireplace, plus a formal dining room to enjoy those family gatherings. Spacious master bedroom, with a large bath featuring a separate shower with a nice walk-in closet & built-ins. Upstairs you will find a great bonus room, perfect for a media room or game room. Coastal Bermuda grass adorns the pasture, making great hay for livestock. Just minutes from Lake Cypress Springs!
Unit Size
2,599 Ft²
Days on Market
-
Land Size
4.24 acres
Price per sqft
$164
Property Type
House
Property Taxes
$459
HOA Dues
-
Year Built
2011

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (NTREIS #20797518)

Price History

Date / Event Date Event Price
Apr 24, 2025 Sold
Premium
Sold
Apr 10, 2025 In contract -
In contract
Mar 27, 2025 Price Decreased $427,000
↓ $3K (0.7%)
Price Decreased
Feb 1, 2025 Price Decreased $430,000
↓ $20K (4.4%)
Price Decreased
Jan 11, 2025 Listed by U Property Management $450,000
Listed by U Property Management
Show More

Property Highlights

Garage
Parking Available
Fireplace

Building Info

Overview

    General

  • Year Built: 2011
  • Effective Year Built: 2011
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 480
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 184,869
  • Lot Size Frontage Feet: 0
  • Total Building Area: 3,697
  • Gross Building Area: 3,697
  • Building Area: 3,697
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heated Square Feet: 1,999
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CHARLES SOUTH SURVEY ABSTRACT NO.431
  • Land Acres: 0000004244
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • Legal Description 1: AB 431 C SOUTH

Neighborhood

  • School District Name: Mount Vernon Independent School District
  • Census Tract: 950101

Geography

  • Account Number: 17720
  • Parcel: 00912-00000-00011-000000
  • Municipality: MOUNT VERNON
  • Latitude: 33.1023
  • Longitude: -95.163

    Address

  • Full Address: 1040 County Road Se 4235
  • Address - House Number: 1040
  • Address - Street Name: County Road Se 4235
  • State: TX
  • City Name: Mount Vernon
  • Carrier Code: R001
  • 4-Digit Zip Code: 7821
  • Zip Code: 75457

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $556,896
  • Tax Rate Code Area: 1 2 3 34 2

    Appraisal Valuation

  • Standard Deviation: 0.2345
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 67
  • Final Value: 448,024
  • High Value: 553,110
  • Low Value: 342,938

    Market Valuation

  • Market Total Value: $387,770
  • Market Land Value: $69,660
  • Market Improvement Value: $318,110

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $387,770
  • Assessed Land Value: $69,660
  • Assessed Improvements Value: $318,110

    Sales

  • Current Sale Contract Date: Dec 13, 2022
  • Current Sale Recording Date: Dec 15, 2022
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 167509
  • Previous Sale Recording Date: Apr 08, 2013
  • Previous Sale Contract Date: Apr 05, 2013
  • Previous Sale Amount: $217,400
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Franklin

Stats & Trends

Median Asking:

$475,000

Sale Price/ft²

$225

Below Asking

0.04%

Average Days on Market

91

Average Home Size

2506 ft²

Average Home Age

34.8 years

Currently For Sale

67 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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NTREIS

Listed by: Summer Liu, U Property Management
Last Updated: 2 years ago
Data Source: NTREIS MLS, MLS# 20797518
Details provided by NTREIS and may not match the public record

Frequently Asked Questions

When was property at 1040 County Rd Se 4235 built and last sold?
The property at 1040 County Rd Se 4235 was built in 2011 and last sold on Dec 13, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 1040 County Rd Se 4235 is $0.
What are some comparable homes to 1040 County Rd Se 4235?
There are currently no comparable homes to 1040 County Rd Se 4235.
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