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$634,000

1805 Spring Valley Dr, Dripping Springs, TX, 78620

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths1,848 Sq Ft
price_per_sqft$343.07 / sqft
Year BuiltBuilt in 1993

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Exhaust Fan, Free Standing Range, Disposal, Refrigerator, Washer
FlooringTile, Wood

Exterior

Exterior FeaturesBalcony, Exterior Steps
Lot Size1.13 acres

Building Information

Year Built1993
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR43208
Lot Number116B
SubdivisionSpringlake
Land UseResidential
Legal DescriptionSPRINGLAKE LOT 116B 1.13 AC TAX CODES:RSL,RSP,SDS
Census Tract010817
Assessed Land Value$257,390
Assessed Improvement Value$251,680
Assessment Year2025

About this property

Nestled in the heart of picturesque Dripping Springs, this recently fully remodeled gem offers the epitome of modern luxury with a touch of rustic charm. You will quickly discover why it is named “The Hill Country Hideout” as it’s hidden back from the street with breathtaking views that stretch as far as the eye can see. This home is a sanctuary of serenity and style. Featuring 4 bedrooms and 2 1/2 baths, this home has plenty of space and privacy. A few of the homes upgraded features include; recently constructed double-decked balcony made of Trex composite decking, replaced windows throughout the home, metal roof, replaced the septic system in 2022 , custom built in closets and more. Contact the listing agent for details and ask your insurance provider about a possible discount due to the metal roof!

Investor Tools

$359,548Estimated Mortgage Balance
$284,803Estimated Equity
46% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,858 /month
Positive
Cash Flow Estimate:
$1,286 /month

Interested in this property?

Benjamin Woolfolk

Twelve Rivers Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$938/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,041
$509,070
2025
$257,390
$251,680
$509,070
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,041
$509,070

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Flagstar Bank Fsb
Conventional
$392,250
No
First
Nov 12, 2021
Dec 2036

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$359,548
$308,452
46%
56%
$2,352/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,416/mo
$2,352/mo
+$64/mo
4.5%

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: Dripping Springs

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1805 Spring Valley Dr | Property Details | No Agent List