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$749,000

NAL Estimated Property Value

251 Oak Grove Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,160 Sq Ft
price_per_sqft$358.8 / sqft
Year BuiltBuilt in 1984

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Free-Standing Electric Range
FlooringCarpet, Vinyl, Wood

Exterior

Exterior FeaturesExterior Steps
Lot Size5.29 acres

Building Information

Year Built1984
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR43182
Lot Number93
SubdivisionSpringlake
Land UseResidential
Legal DescriptionSPRINGLAKE LOT 93 5.285 AC GEO#90403575 TAX CODES:RSL,RSP,SDS
Census Tract010817
Assessed Land Value$673,560
Assessed Improvement Value$145,712
Assessment Year2025

About this property

Incredible 5-Acre Property in Prime Dripping Springs Location. Experience true country living with the convenience of being just minutes from all that Dripping Springs has to offer, including highly acclaimed DSISD schools. This 5-acre property is ready for your horses, chickens, and outdoor lifestyle. The well-maintained two-story home offers 2,160 sq. ft. of living space with 3 bedrooms and 2 bathrooms. Inside, you’ll find spacious rooms and a functional layout designed for comfortable family living. The land has been thoughtfully cleared, giving you open space to enjoy weekend rides on horseback, host gatherings with friends and family, or simply relax and take in the peaceful Hill Country surroundings. This property combines the best of both worlds—room to roam and a private country setting, while still being close to schools, shops, and the heart of Dripping Springs. Minimal Restrictions and low property tax rate. Contact agent to schedule a showing!

Investor Tools

Property Icon
$749,000
Estimated Property Value
$244,847Estimated Mortgage Balance
$504,909Estimated Equity
67% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,650 /month
Positive
Cash Flow Estimate:
$1,550 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$610/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,575
$655,340
2025
$673,560
$145,712
$819,272
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,575
$655,340

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Canopy Mortgage Llc
Conventional
$250,000
No
First
Jan 7, 2025
Jan 2055

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$244,847
$500,153
67%
33%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$1,499/mo
+$589/mo
3.3%

City: Dripping Springs

251 Oak Grove Dr | Property Details | No Agent List