Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
—
Last 24 HoursLast 24 Hours
ARV Flip List
ARV Flip List
  • Properties with flip potential and high ARV margins
View AllArrow
Pre-Foreclosure List
Pre-Foreclosure List
  • Homes with notice of default or impending auction
View AllArrow
Auction List
Auction List
  • Real estate scheduled for county or online auction
View AllArrow
Deals List
Deals List
  • Discounted properties priced below market value
View AllArrow
Must Sell List
Must Sell List
  • Highly motivated sellers looking for fast closings
View AllArrow
Off-Market List
Off-Market List
  • Exclusive off-market opportunities not found on MLS
View AllArrow

$289,000

NAL Estimated Property Value

1516 Old Mill Rd, Salado, TX, 76571

$343,161 ARVInfo
Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,204 Sq Ft
price_per_sqft$157.72 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

ARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Oven
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesNone
Lot Size7,405 sqft

Building Information

Year Built1997
Stories1
Roof Type105
Garage Spaces1

Land Information

APN187333
Lot Number1
SubdivisionOld Mill Springs
Land UseResidential
Legal DescriptionOLD MILL SPRINGS, BLOCK 001, LOT 0001, ACRES 0.17
Census Tract023405
Assessed Land Value$41,173
Assessed Improvement Value$240,026
Assessment Year2025

About this property

This little charmer is ideal for a permanent home or a weekend getaway. Located close to the golf course, you can easily ride your golf cart to the club house. Sit out on the veranda and enjoy watching the deer in the quiet of your semi-private backyard. Tired of paying rent? This 2 bedroom, 1 bath is perfect for those wanting to scale down.Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$289,000
Estimated Property Value
$222,771Estimated Mortgage Balance
$66,632Estimated Equity
20% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$343,160
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,734 /month
Positive
Cash Flow Estimate:
$578 /month

Interested in this property?

Run an Owner Lookup!

Unlock Owner Contacts

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$474/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,241
$281,199
2025
$41,173
$240,026
$281,199
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,241
$281,199

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Jpmorgan Chase Bank Na
Conventional
$175,000
No
First
Aug 9, 2021
Sep 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$222,771
$58,428
20%
77%
$1,440/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,310/mo
$1,440/mo
$-130/mo
5.4%

City: Salado

1516 Old Mill Rd | Property Details | No Agent List