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$293,472

1507 Mills Meadow Dr, Round Rock, TX, 78664

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,192 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$209.73 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Disposal, Exhaust Fan, Microwave
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard

Building Information

Year Built1982
Stories1
Garage Spaces2

Land Information

APNR-16-4591-000K-0014
Lot Number14
SubdivisionMesa Ridge
Land UseResidential
Legal DescriptionMESA RIDGE SEC 6 AMEND PH 1A, BLOCK K, LOT 14
Census Tract021517
Assessed Land Value$72,700
Assessed Improvement Value$220,772
Assessment Year2025

About this property

Welcome to 1507 Mills Meadow Dr, Round Rock, TX – Nestled in one of Round Rock's most desirable neighborhoods, this charming 3-bedroom, 2-bathroom home offers exceptional potential for investors and homeowners alike. With a spacious layout, great curb appeal, and a quiet, family-friendly street, this property is perfectly poised to become your next profitable venture or dream home. Key Features: Ideal Location: Situated in a highly sought-after area, this property is just minutes from top-rated schools, parks, shopping, dining, and major commuter routes, including I-35 and TX-45, offering unparalleled convenience for tenants or future owners. Outdoor Enjoyment: Step outside to a private backyard, offering the perfect space for outdoor activities, gardening, or entertaining guests. The yard is ready for your personal touch, whether it’s building a deck, adding a pool, or creating a tranquil retreat. Investment Potential for Renovation or Expansion: With a few updates and improvements, this home could see a significant increase in value. Investors will appreciate the potential to remodel and flip or keep as a long-term rental. Round Rock continues to experience growth and development, and this home is in the heart of it all. Whether you're searching for your next investment or a property with long-term appreciation potential, 1507 Mills Meadow Dr is a must-see! Don’t miss this chance to invest in a thriving community—schedule your tour today!

Investor Tools

Property Icon
$293,472
Estimated Property Value
$200,000Estimated Mortgage Balance
$97,293Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,761 /month
Positive
Cash Flow Estimate:
$587 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$223/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,212
$293,472
2025
$72,700
$220,772
$293,472
No

Tax History

Year
Tax Paid
Assessed Value
2025
$1,212
$293,472

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Loanpeople Llc
Conventional
$200,000
No
First
Apr 14, 2025
May 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$196,777
$96,695
32%
67%
$1,200/mo

Learn About the Market: Opportunity in Texas

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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: Round Rock

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1507 Mills Meadow Dr | Property Details | No Agent List