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B+
NoAgentList RatingHow are grades calculated? Info

$332,000

1604 Old Mill Rd, Salado, TX, 76571

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,585 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$119.87 / sqft
Year BuiltBuilt in 2000

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesElectric Cooktop, Dishwasher, Disposal, Exhaust Fan, Free-Standing Range, Refrigerator, Self Cleaning Oven, Electric Water Heater
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Lot Size7,584 sqft

Building Information

Year Built2000
Stories1
Roof Type105
Garage Spaces2

Land Information

APN187335
Lot Number3
SubdivisionOld Mill Springs
Land UseResidential
Legal DescriptionOLD MILL SPRINGS, BLOCK 001, LOT 0003
Census Tract023405
Assessed Land Value$42,090
Assessed Improvement Value$270,737
Assessment Year2025

About this property

Easy to enjoy, a life style in its self. A golf course community, the famous Salado creek to enjoy , drop a line in & see what you catch . Great walking trails. trees, a place to come home to. Excellent schools, This home offers two large bedrooms walk in closets, carpet in bedrooms, wood else where, inside laundry room, two car garage. Bright & open living room with cozy fire place. a gourmets kitchen. a front porch to set a spell & just enjoy the calling of the birds or to watch the deer .Restrictions: Yes

Investor Tools

Property Icon
$332,000
Estimated Property Value
$159,000Estimated Mortgage Balance
$177,000Estimated Equity
52% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,992 /month
Positive
Cash Flow Estimate:
$664 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$588/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,402
$312,827
2025
$42,090
$270,737
$312,827
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,402
$312,827

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$331,000
100%
0%
$0/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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1604 Old Mill Rd | Property Details | No Agent List