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Days32Days on Market
Views1view

$509,000

1324 Rylee Lane, Salado, TX, 76571

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,216 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.69 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
AppliancesDishwasher, Electric Water Heater, Disposal, Gas Range, Plumbed For Ice Maker, Some Gas Appliances, Microwave, Range
FlooringCarpet, Luxury Vinyl Plank

Exterior

Private PoolPrivate Pool
Exterior FeaturesCovered Patio, Porch
Lot Size9,365 sqft

Building Information

Garage Spaces3

Land Information

APN530420
Lot Number5
SubdivisionDrakes Landing Phase Ii Amending Plat
Land UseBldrs/Developers Vacant Lot
Legal DescriptionDRAKES LANDING PHASE II AMENDING PLAT, BLOCK 011, LOT 0005, ACRES 0.215
Census Tract023405
Assessed Land Value$58,100
Assessment Year2025

About this property

Spray foam insulation, custom soft-close cabinetry throughout, wood faux blinds, MyQ smart garage door technology, an 8-foot Craftsman front door, energy-efficient windows, lighting, and appliances, full yard sod, and a full sprinkler system are all included with this new construction home by Sandor Homes in Drake's Landing. This thoughtfully designed 4-bedroom, 2-bath home features an open-concept layout with a spacious living room, dining area, and kitchen complete with a large island, tile backsplash, pull-out trash drawer, and walk-in pantry. The private primary suite offers dual vanities, a soaking tub, separate walk-in shower, and a spacious walk-in closet, while the split-bedroom design provides privacy for family or guests. Enjoy an oversized covered patio, welcoming front porch, and a 3-car garage, all conveniently located near I-35, Salado ISD, shopping, dining, Mill Creek Golf Course, and the Village of Salado.

Investor Tools

Property Icon
$434,000
Estimated Property Value
$0Estimated Mortgage Balance
$434,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,054 /month
Positive
Cash Flow Estimate:
$1,018 /month

Interested in this property?

Maria Jones

Magnolia Realty Temple Belton

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$181/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$58,100
2025
$58,100
N/A
$58,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$58,100

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$434,000
100%
0%
$0/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.

Explore Texas Explore This Area
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: Salado

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1324 Rylee Lane | Property Details | No Agent List