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$105,000

1450 Stone Russell Dr, Salado, TX, 76571

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1.12 acres

Land Information

APN482314
Lot Number1
SubdivisionMill Creek Meadows Phase Ii
Land UseResidential
Legal DescriptionMILL CREEK MEADOWS PHASE II, BLOCK 00B, LOT 0001, ACRES 1.122
Census Tract023405
Assessed Land Value$120,720
Assessment Year2025

About this property

Welcome to Mill Creek Meadows—an exclusive gated enclave in Salado offering serene, low-maintenance country living just minutes from I-35. This 1.12-acre lot presents an ideal blank-slate opportunity for your custom dream home. Tucked away in Phase II of the community, it features paved street frontage, HOA-managed common areas, and neighborhood security—all within Salado ISD’s top-rated schools. With utilities available and no existing structures, the property allows full creative control—from swimming pools or outdoor kitchens. Enjoy the rolling Texas Hill Country surroundings without sacrificing convenience.

Investor Tools

$89,405Estimated Mortgage Balance
$31,315Estimated Equity
25% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$724 /month
Positive
Cash Flow Estimate:
$241 /month

Interested in this property?

Nancy Phillips

Compass Re Texas, Llc

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$177/month
$750/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,520
$120,720
2025
$120,720
N/A
$120,720
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,520
$120,720

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Central National Bank
Commercial
$92,000
No
First
Oct 21, 2024
Oct 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$89,405
$31,315
25%
74%
$552/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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1450 Stone Russell Dr | Property Details | No Agent List