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$1,605,000

NAL Estimated Property Value

20395 Fm 2115, Salado, TX, 76571

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,844 Sq Ft
FarmFarm
price_per_sqft$606.54 / sqft
Year BuiltBuilt in 2013

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available

Exterior

Private PoolPrivate Pool
Lot Size30 acres

Building Information

Year Built2012
Stories2
Garage Spaces4

Land Information

APN460279
SubdivisionB Trammel
Land UseAgriculture / Farming
Legal DescriptionA0829BC B TRAMMEL, 2, ACRES 30.0 2,
Census Tract023404
Assessed Land Value$22,097
Assessed Improvement Value$880,487
Assessment Year2025

About this property

Discover this beautiful multi living ranch, a premier equestrian property in Central Texas, just outside the historic town of Salado and within an hour of Austin, Waco, and Killeen-Fort Hood. This turn-key ranch spans over 25 acres of cross-fenced paddocks with improved and native pastures, ideal for equestrian enthusiasts. The property features a stunning 2,800+ sq. ft. Austin-stone ranch house, built in 2013, with 4 bedrooms, 2 bathrooms, and an open-concept living, dining, and kitchen area. The backyard offers a covered patio, in-ground pool, above-ground hot tub, and a detached 960 sq. ft. pool/guest house with 1 bedroom, 1 bathroom, a full kitchen, living room, and laundry. Additional living quarters include a two-story metal barndominium, built in 2012, with over 1,770 sq. ft. of living space, 2 bedrooms, 2 bathrooms, and an upstairs loft. Attached is a 1,665 sq. ft. metal covered parking, a storage area with concrete floors, water, and electricity. Equestrian facilities include a 3,000 sq. ft. metal horse barn with water and electricity, 4 interior stalls, 4 exterior stalls with separate runs, a breezeway with a concrete floor, a feed/tack room, and a climate-controlled office. The property also features a 280' x 140' lighted riding arena with a deep sand surface and a climate-controlled press box. A 3,000 sq. ft. metal workshop includes three subdivided rooms with concrete floors, another small living space fully equipped with bathroom, living area, running water, roll-up bay doors, a 1,200 sq. ft. open bay for equipment or RV storage, and an additional 750 sq. ft. covered awning. Smaller improvements, loafing sheds, and a concrete storm shelter. This property is ag-exempt, offering a rare opportunity for those seeking a fully equipped ranch in Salado ISD.

Investor Tools

Property Icon
$1,605,000
Estimated Property Value
$0Estimated Mortgage Balance
$1,605,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$10,350 /month
Positive
Cash Flow Estimate:
$3,450 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,001/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$15,987
$902,584
2025
$22,097
$880,487
$1,720,487
No

Tax History

Year
Tax Paid
Assessed Value
2024
$15,987
$902,584

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,605,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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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20395 Fm 2115 | Property Details | No Agent List