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$675,000

1438 Stone Russell Dr, Salado, TX, 76571

$715,757 ARVInfo
On MarketInfo
Just AddedInfo
Beds4 Beds
Baths3 Bath
Baths2,693 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$250.65 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms 3Bathrooms 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Electric Range, Disposal, Oven, Refrigerator, Range Hood, Water Heater, Some Electric Appliances, Built In Oven, Cooktop, Microwave
FlooringCarpet, Tile

Exterior

Exterior FeaturesPorch, Private Yard, Rain Gutters
Lot Size39,030 sqft

Building Information

Year Built2021
Stories1
Roof Type105
Garage Spaces3

Land Information

APN482316
Lot Number1
SubdivisionMill Creek Meadows Phase Ii
Land UseResidential
Legal DescriptionMILL CREEK MEADOWS PHASE II, BLOCK 00C, LOT 0001, ACRES 0.896
Census Tract023405
Assessed Land Value$97,574
Assessed Improvement Value$529,468
Assessment Year2025

About this property

Beautiful one-owner home in a desirable gated Salado community, situated on an expansive corner lot just shy of an acre! Thoughtfully designed with timeless details and plenty of space, this home features beautiful wood beams, a dedicated formal office, and a spacious kitchen centered around an oversized island—perfect for gathering and entertaining. The impressive primary suite offers a generously sized bathroom and an oversized walk-in closet with convenient direct access to the laundry room. The three guest bedrooms and two guest bathrooms provide ample space for the entire family or visiting guests. With its exceptional lot, well-appointed spaces, and thoughtful design, this home offers the perfect combination of comfort, style, and functionality in a desirable location.

Investor Tools

$283,088Estimated Mortgage Balance
$354,912Estimated Equity
55% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$715,757
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,050 /month
Positive
Cash Flow Estimate:
$1,350 /month

Interested in this property?

Morgan Shine

Magnolia Realty Temple Belton

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,076/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,725
$627,042
2025
$97,574
$529,468
$627,042
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,725
$627,042

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Rocket Mortgage Llc
Conventional
$310,000
No
First
Jan 20, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$283,088
$354,912
55%
44%
$1,859/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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