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$675,000

317 Covington Ln, Ovilla, TX, 75154

On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,932 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$230.22 / sqft
Year BuiltBuilt in 2014

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesConvection Oven, Dishwasher, Electric Cooktop, Disposal, Microwave
FlooringCarpet, Luxury Vinyl Plank, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size15,115 sqft

Building Information

Year Built2014
Stories1
Roof Type105
Garage Spaces3

Land Information

APN62.7120.905.009.00.108
Lot Number9
SubdivisionOvilla Parc- Rev
Land UseResidential
Legal DescriptionLOT 9 BLK E OVILLA PARC- REV .347 AC
Census Tract060221
Assessed Land Value$110,000
Assessed Improvement Value$521,569
Assessment Year2025

About this property

Everyday ease meets backyard getaway at 317 Covington Lane. Located in the small, quiet Ovilla Parc neighborhood within Midlothian ISD, this one-owner home offers four bedrooms, three full baths, a dedicated office, and a large game room, all on one story. The open-concept layout creates an inviting place to gather, with a beautiful stone fireplace anchoring the living room and a wall of windows bringing in natural light and views of the pool. The kitchen is the heart of the home, featuring an oversized island with generous seating, granite countertops, rich wood cabinetry, stainless steel appliances, double ovens, and a walk-in pantry. Whether hosting friends or sharing a casual meal, there is room to stay connected. The spacious primary suite features a tray ceiling and an ensuite bath for a comfortable retreat at the end of the day. A separate office provides space to focus, while the large game room offers flexibility for movie nights, hobbies, a home gym, or a second living area. Large windows overlook the backyard, and an exterior door provides convenient access outside. Enjoy a backyard designed for more than just swimming. The sparkling pool features a tanning ledge and raised spa, while the covered patio with exposed wood beams invites outdoor dining and relaxed evenings. There is still plenty of fenced lawn for gardening, games, or simply enjoying the open space. A three-car garage completes this thoughtfully designed home. From gathering around the kitchen island to unwinding beside the pool, 317 Covington Lane offers room to enjoy life, all on one level. Schedule your tour and find your favorite place to settle in.

Investor Tools

$308,310Estimated Mortgage Balance
$299,690Estimated Equity
49% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

Interested in this property?

Kristin Jones

RE/MAX FRONTIER

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,028/month
$350/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,291
$585,640
2025
$110,000
$521,569
$631,569
No

Tax History

Year
Tax Paid
Assessed Value
2025
$9,291
$585,640

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
The Cowboy Bank Of Texas
Va
$278,336
Yes
First
May 4, 2015
Jun 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$308,310
$299,690
49%
51%
$2,269/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,710/mo
$2,619/mo
+$91/mo
5.3%

City: Ovilla