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$496,000

20723 Fm 2115, Salado, TX, 76571

Off MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,612 Sq Ft
FarmFarm
price_per_sqft$868.49 / sqft
Year BuiltBuilt in 2018

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
AppliancesDisposal, Water Heater
FlooringConcrete

Exterior

Lot Size25.01 acres

Building Information

Year Built2018
Stories1

Land Information

APN391615 02
SubdivisionB Trammel
Land UseFarm & Ranch Improvement - Rural Residence
Legal DescriptionA0829BC B TRAMMEL, 2, ACRES 25.01 2,
Census Tract023404
Assessed Land Value$37,549
Assessed Improvement Value$234,361
Assessment Year2025

About this property

If you're looking for a horse property in Salado, check out this gorgeous property. On +/- 25 acres, you'll find a 1612 sq ft barndominium, 4-stall covered horse barn with attached workshop, 125'x240' lighted roping arena with connected steer pen, separate new barn with horse runs which is great for storing hay or equipment, covered area for living quarters trailer or RV with electricity. This property is super convenient to I35, whether you're headed north to Waco or south to Austin. The house itself has 2 bedrooms and 1 bath, plus an office off the carport which could be a third bedroom. Covered front and back porches make this a super sweet opportunity to relax in the country and be very close to shopping, dining and other "city" conveniences. Schedule a showing today.

Investor Tools

Property Icon
$496,000
Estimated Property Value
$0Estimated Mortgage Balance
$496,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$8,400 /month
Positive
Cash Flow Estimate:
$2,800 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$447/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,888
$271,910
2025
$37,549
$234,361
$951,281
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,888
$271,910

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$496,000
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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20723 Fm 2115 | Property Details | No Agent List