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$3,200,000

1601 Creek Rd, Dripping Springs, TX, 78620

On MarketInfo
Just AddedInfo
Beds2 Beds
Baths2 Bath
Baths2,500 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,280 / sqft
Year BuiltBuilt in 1956

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
AppliancesSee Remarks
FlooringSee Remarks, Tile

Exterior

Exterior FeaturesSee Remarks
Lot Size1 acre

Building Information

Year Built1996
Stories1

Land Information

APNR70255
SubdivisionBenjamin F Hanna Survey
Land UseResidential
Legal DescriptionA0222 BENJAMIN F HANNA SURVEY, ACRES 1.00 TAX CODES:RSP,SDS
Census Tract010807
Assessed Land Value$55,230
Assessed Improvement Value$702,940
Assessment Year2025

About this property

This 9.999-acre property on both sides of Onion Creek is a very rare find. Only 1.8 miles from Downtown Dripping Springs, this property was once part of a ranch that was home to one of the finest Longhorn cattle herds in Texas. From the moment you drive into the property crossing the dam, you immediately experience the tranquility and beauty of this property. As you drive over the dam you are able to observe the beauty of Onion Creek both to the east and the west. To the east is the portion of Onion Creek below the dam and not on the property, and to the west you take in a spectacular view up the creek for over 1/4 mile, of which both sides of the creek are on the property. As you proceed up the hill towards the Spanish style camp house, you will see the Pioneer cabin on the left, from the era of mid to late 1800’s. This cabin is what is called a “Dog Run” cabin with a room on the left side of the cabin, a room on the right side, with a breezeway in the middle, meant to be the cool area of the cabin. The cabin was moved to the land and has been completely restored with 2 bedrooms, working bathrooms, a kitchen, and 2 fireplaces. Both sides have window unit AC/Heat systems. As you drive toward the main house there is a large yard area on the left with in-ground fire pits, used for a cozy area to sit around or an outdoor grilling area. An old German dry-stack rock wall extends from the main house for several hundred feet that divides the main yard from the rustic back part of the property. On the right is a large mowed open area that has been used to host large gatherings, including 9 Governors dinners and has in ground commercial power for such events. This area also has a substantial German dry-stack wall that divides this area from the area heading down to the creek. As you get closer to the house there is a beautiful park type area with grand oaks that serve as a BBQ and entertainment area, with stunning views overlooking Onion Creek.

Investor Tools

$707,523Estimated Mortgage Balance
$1,168,477Estimated Equity
62% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$19,200 /month
Positive
Cash Flow Estimate:
$6,400 /month

Interested in this property?

J Bryan Pickens

Republic Ranches, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,717/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,222
$758,170
2025
$55,230
$702,940
$758,170
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,222
$758,170

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Vista Bank
Commercial
$600,000
No
First
Jun 9, 2023
Jun 2026

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$707,523
$1,168,477
62%
38%
$4,498/mo

City: Dripping Springs

1601 Creek Rd | Property Details | No Agent List