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$1,109,000

156 Verdejo Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths4 Bath
Baths3,313 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$298.82 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Cooktop, Microwave, Refrigerator, Stainless Steel Appliance(s), Vented Exhaust Fan, Washer, Water Heater, Water Softener
FlooringCarpet, Tile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Private Yard
Lot Size34,412 sqft

Building Information

Year Built2022
Stories2
Roof Type105
Garage Spaces2

Land Information

APNR173911
Lot Number23
SubdivisionCortaro Subdivision
Land UseResidential
Legal DescriptionCORTARO SUBDIVISION, LOT 23, ACRES 0.79 TAX CODES:GHA,RSP,SDS
Census Tract010817
Assessed Land Value$88,500
Assessed Improvement Value$762,440
Assessment Year2025

About this property

Set on almost an acre backing to a tranquil greenbelt, this refined Ashton Woods residence in the coveted Cortaro community offers an exceptional blend of space, privacy, and elevated design—all within the acclaimed Dripping Springs ISD and just minutes to schools, HEB, the Hill Country Galleria, and popular vineyards and breweries. Thoughtfully crafted across two levels, the home features 4 bedrooms, a dedicated study, formal dining, 3.5 baths, an expansive upstairs game room, and a media room. Soaring vaulted ceilings with exposed beams crown the luminous great room, where sliders open to a covered outdoor living space. Oversized transom windows invite serene natural light throughout, creating a seamless connection to the surrounding landscape. The chef’s kitchen is equally impressive, anchored by a substantial center island, framed in custom shaker cabinetry, and appointed with premium granite surfaces, stainless appliances, a butler's pantry with cafe counter, and a charming breakfast nook with built-in seating. The main-level primary suite is a peaceful retreat overlooking the backyard and greenbelt beyond. It offers a custom walk-in closet and spa-like bath with separate vanities, a freestanding soaking tub, and a glass-enclosed shower. A guest bathroom and in home laundry room round out the main floor. Upstairs you can really spread out with 3 bedrooms, 2 full bathrooms, a game room, plus an awesome media room with theater seating and potential for a 5th bedroom conversion. Outdoor living is equally impressive with both front and rear covered patios—ideal for enjoying Hill Country sunsets or game day gatherings. The covered back patio features remote control retractable screens, plus there is ample space to design your ideal outdoor oasis, add a pool, and more. The spacious three-car garage provides room for storage or a workshop. A rare opportunity where design, comfort, and setting align—schedule your showing today.

Investor Tools

Property Icon
$1,109,000
Estimated Property Value
$736,544Estimated Mortgage Balance
$427,596Estimated Equity
34% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,654 /month
Positive
Cash Flow Estimate:
$2,218 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,479/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$12,205
$842,655
2025
$88,500
$762,440
$850,940
No

Tax History

Year
Tax Paid
Assessed Value
2024
$12,205
$842,655

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Navy Fcu
Va
$736,544
Yes
First
May 9, 2022
Jun 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$682,644
$304,356
30%
62%
$4,416/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$4,476/mo
$-2,060/mo
2.6%

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.

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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: Dripping Springs

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156 Verdejo Dr | Property Details | No Agent List