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B+
NoAgentList RatingHow are grades calculated? Info

$1,507,885

1621 Sulphur Wells Rd, Salado, TX, 76571

Off MarketInfo
Beds3 Beds
Baths3 Bath
Baths1,337 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$1,421.09 / sqft
Year BuiltBuilt in 2010

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Gas Range
FlooringTile, Vinyl

Exterior

Exterior FeaturesNone
Lot Size26 acres

Building Information

Year Built2024
Stories2
Garage Spaces6

Land Information

APN411074
SubdivisionJ Atkins
Land UseAgriculture / Farming
Legal DescriptionA0027BC J ATKINS, ACRES 26.0
Census Tract023405
Assessed Land Value$66,138
Assessed Improvement Value$1,441,747
Assessment Year2025

About this property

This property has it all! Ag Exempt. Fenced/cross fenced. Fully stocked pond with catfish and bass. Seasonal Creek (Holland Branch-typically runs wet Sept thru June). 5-stall barn with tack room and arena. Orchard with nectarine, peach, apple, pear and pomegranate trees. Adorable 3 bedroom/2 bath farmhouse with new (2022) HVAC that you can keep for yourself or use as a guest house or income property when you build your dream home on any of the several gorgeous home sites across the 26 acres. Beautiful, mature trees throughout the back half of the property that are glorified by the owners' work in clearing the land of brush. This property has 2 wells and 3 electric transformers with Armstrong water being run to the property. There is a high-fenced area for a garden. The back of the property borders the prestigious Creeks of Salado. Check out the video tour for more of what this amazing property has to offer.

Investor Tools

Property Icon
$1,507,885
Estimated Property Value
$1,165,280Estimated Mortgage Balance
$0Estimated Equity
23% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$11,400 /month
Positive
Cash Flow Estimate:
$3,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$895/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,197
$1,507,885
2025
$66,138
$1,441,747
$2,183,613
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,197
$1,507,885

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cadence Bank Na
Open End Mortgage / Open End With Future Advance Clause
$1,660,360
No
First
Dec 12, 2022
Dec 2023

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$2,711,588
N/A
0%
180%
$16,942/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.

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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: Salado

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1621 Sulphur Wells Rd | Property Details | No Agent List