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$427,500

1910 Old Mill Road 7, Salado, TX, 76571

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,668 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$160.23 / sqft
Year BuiltBuilt in 1982

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Range, Electric Water Heater, Disposal, Range, Water Softener Owned
FlooringTile

Exterior

Exterior FeaturesBalcony
Lot Size2,614 sqft

Building Information

Year Built1982
Stories2
Roof Type105
Garage Spaces2

Land Information

APN37247
Lot Number7
SubdivisionIndian Hill Section Ii
Land UseResidential
Legal DescriptionINDIAN HILL SECTION II, BLOCK 001, LOT 0007, ACRES .06
Census Tract023405
Assessed Land Value$7,645
Assessed Improvement Value$372,533
Assessment Year2025

About this property

ICONIC VIEW of Salado Creek and Mill Creek Golf Course from the back windows/doors (living area, primary bedroom, 1 secondary bedroom) of this Indian Hill townhome. Beautiful view of Creek 1/Hole 9. Mill Creek Golf Course club house is down the street and driving range is across the street. Step out the back door onto balcony and enjoy the peaceful view of the serene creek or walk down the hill and get your feet wet in the creek. This townhome with less maintenance than a most detached homes offers living with more time to enjoy. HOA takes care of mowing, some trimming, lawn watering, trash pickup and lighting on outer posts. 3 bedrooms, 2.5 baths, 2 living, 2 dining, 2-car garage. Beautiful stone fireplace. Living room open to dining room. Primary bed/bath on lower level with large walk-in closet. 2 bedrooms, 1 bath, and 2nd living space upstairs. Mature trees. Make this your primary home, 2nd home or investment property.

Investor Tools

$33,389Estimated Mortgage Balance
$396,611Estimated Equity
92% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,580 /month
Positive
Cash Flow Estimate:
$860 /month

Interested in this property?

Beverly Wallace

Century 21 Bill Bartlett

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$868/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,264
$380,178
2025
$7,645
$372,533
$380,178
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,264
$380,178

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Cole Taylor Bank
Conventional
$135,000
No
First
Oct 7, 2013
Nov 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$33,389
$396,611
92%
8%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$250/mo
+$1,440/mo
4.7%

City: Salado