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$595,000

1880 Spring Valley Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,943 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$220.02 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Refrigerator, Electric Water Heater
FlooringWood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size2.32 acres

Building Information

Year Built2019
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR97889
Lot Number123-A
SubdivisionSpringlake
Land UseResidential
Legal DescriptionSPRINGLAKE, LOT 123-A, ACRES 2.32 TAX CODES:RSL,RSP,SDS
Census Tract010817
Assessed Land Value$323,640
Assessed Improvement Value$259,460
Assessment Year2025

About this property

Welcome home to your Hill Country charmer on 2.32 private acres. The property includes mature trees, playscape, chicken coop, fenced in garden, and fire pit area. Enjoy sunset views from your 750+ sqft of deck space! This craftsman style home offers high ceilings, tons of natural light, and an oversized family room great for entertaining. Interior of home and deck have been freshly re-painted. Just minutes to downtown Dripping Springs and close to several local attractions.

Investor Tools

Property Icon
$595,000
Estimated Property Value
$407,000Estimated Mortgage Balance
$142,915Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,570 /month
Positive
Cash Flow Estimate:
$1,190 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$918/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,035
$583,100
2025
$323,640
$259,460
$583,100
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,035
$583,100

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Home Point Financial Corporation
Conventional
$407,000
No
First
Dec 21, 2020
Jan 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$452,971
$130,129
22%
76%
$3,011/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$3,011/mo
$-923/mo
4.2%

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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1880 Spring Valley Dr | Property Details | No Agent List