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$600,000

NAL Estimated Property Value

119 Palmillas Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,815 Sq Ft
price_per_sqft$227 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Oven, Built-In Gas Range, Dishwasher, Disposal, Microwave
FlooringCarpet, Wood

Exterior

Exterior FeaturesPrivate Yard

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR177069
Lot Number6
SubdivisionArrowhead Ranch Phase 3
Land UseResidential
Legal DescriptionARROWHEAD RANCH PHASE 3, BLOCK I, LOT 6 TAX CODES:GHA,RSP,SDS,TDS2
Census Tract010807
Assessed Land Value$119,480
Assessed Improvement Value$365,006
Assessment Year2025

About this property

Breathtaking BRAND NEW Immaculate 1 story home in the beautiful gated community of Arrowhead Ranch in Dripping Springs! This gorgeous home sits on a HUGE END LOT with amazing oak trees that provide a relaxing outdoor space perfect for entertaining and star gazing from your private covered patio. Plenty of room for a pool or playscape. This fantastic open floor plan features a chef style kitchen with stainless appliances open to the family room. You will fall in love with this GEM of a home. EVERYTHING IN THIS HOME IS BRAND NEW! 4 bedrooms, 3 Full bathrooms PLUS A STUDY are conveniently located on the main level. The owners suite is VERY spacious and private from the rest of the home! Coveted and private access to the beautiful Onion Creek, just a short walk from the property, serving as the southern border of the neighborhood - great accessible area to explore! Arrowhead Ranch offers a pool, park, hike and bike trails and beautiful landscaping! Located within the city limits of Dripping Springs, right next to Dripping Springs Middle School and the brand new Walnut Springs Elementary School. Minutes from shopping, local eateries and all the fun Dripping Springs has to offer, including DSISD. Experience the beauty of the hill country with in-town convenience. Schedule a showing today!

Investor Tools

Property Icon
$600,000
Estimated Property Value
$297,438Estimated Mortgage Balance
$303,086Estimated Equity
50% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,834 /month
Positive
Cash Flow Estimate:
$1,278 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$975/month
$270/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,705
$484,486
2025
$119,480
$365,006
$484,486
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,705
$484,486

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bayshore Mortgage Funding Llc
Conventional
$317,500
No
First
Nov 17, 2022
Dec 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$297,438
$298,562
50%
50%
$1,904/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$2,174/mo
+$242/mo
4.8%

City: Dripping Springs

119 Palmillas Dr | Property Details | No Agent List