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$992,428

228 Spence Ln, Liberty Hill, TX, 78642

$1,068,928 ARVInfo
Off MarketInfo
Beds5 Beds
Baths4 Bath
Baths4,066 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$270.54 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesOven, Convection Oven, Dishwasher, Disposal, Microwave, Double Oven, Propane Cooktop, Stainless Steel Appliance(s), Water Heater
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesLighting, Outdoor Grill
Lot Size1.07 acres

Building Information

Year Built2022
Stories2
Garage Spaces3

Land Information

APNR-15-2502-130E-0039
Lot Number39
Land UseOther
Legal DescriptionS12881 - ESTATES AT NORTHGATE PH 1 SEC 3, BLOCK E, LOT 39, ACRES 1.075
Census Tract020207
Assessed Land Value$239,542
Assessed Improvement Value$752,886
Assessment Year2025

About this property

NEW CONSTRUCTION home in Northgate Ranch! Contact sales manager for details. 1-acre lot, 5 bedroom, 4 bath, study, game room, 3 car side entry garage. Beautiful Madera II floor plan. Stone accented wall entry, kitchen with JennAir appliances, quartz-topped waterfall center island, upper cabinets to 10' with glass fronts and puck lighting. Walk-in pantry and wine bar off kitchen. Primary ensuite with wood beamed ceiling, double vanity, two large walk-in closets. Upstairs with bedroom, full bath, game room wired for surround sound. Extended rear covered patio with outdoor fireplace and built-in kitchen with grill and sink. Treed lot on cul-de-sac street. Price has been REDUCED OVER $80k for quick sale.

Investor Tools

Property Icon
$992,428
Estimated Property Value
$840,000Estimated Mortgage Balance
$191,034Estimated Equity
15% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$1,068,927
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,600 /month
Positive
Cash Flow Estimate:
$2,200 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,128/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$20,577
$992,428
2025
$239,542
$752,886
$992,428
No

Tax History

Year
Tax Paid
Assessed Value
2025
$20,577
$992,428

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prosperity Bank
Fha
$840,000
Yes
First
Apr 25, 2023
May 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$801,394
$191,034
19%
81%
$4,639/mo

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: Liberty Hill

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228 Spence Ln | Property Details | No Agent List