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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%

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: Dripping Springs

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251 Oak Grove Dr | Property Details | No Agent List