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$85,000

NAL Estimated Property Value

10622 Lake Park Dr, Dripping Springs, TX, 78620

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size5,310 sqft

Land Information

APN01059701050000
Lot Number85
SubdivisionHighland Creek Lakes Sec 1
Land UseResidential
Legal DescriptionLOT 85 BLK G HIGHLAND CREEK LAKES SEC 1
Census Tract036600
Assessed Land Value$85,000
Assessment Year2024

About this property

Build your dream home with stunning Hill Country views on a lot in one of the most sought after neighborhoods in Dripping Springs. This neighborhood has super low tax rates, no build restrictions, or HOA fees. Homeowners will have the opportunity to become members of the Deer Creek Ranch Parks and Lake Association. This grants access to over 33 acres of parkland and lakes, a gated playground, volleyball courts, and a beach. You can hike, fish, and paddle on the water - truly nature for all ages. Special to this property: This lot comes with a full set of personalizable building plans for a 2000+ sq ft home and a General Contractor contact to start your new home build. Take a short stroll to the community lake with beautiful water views and recreation. Perfect for students wanting to join the Lake Travis school district. Come see for yourself what this home has to offer!

Investor Tools

Property Icon
$85,000
Estimated Property Value
$78,830Estimated Mortgage Balance
$6,408Estimated Equity
7% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$510 /month
Positive
Cash Flow Estimate:
$170 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$149/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,365
$85,000
2024
$85,000
N/A
$85,000
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,365
$85,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
University Fcu
Conventional
$40,000
No
First
May 7, 2025
Jun 2040

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$78,830
$6,170
7%
93%
$480/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: Dripping Springs

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10622 Lake Park Dr | Property Details | No Agent List