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$392,000

NAL Estimated Property Value

268 Delaware Mountains Ter, Dripping Springs, TX, 78620

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,756 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$213.55 / sqft
Year BuiltBuilt in 2022

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Ice Maker, Microwave, Refrigerator, Washer/Dryer, Water Heater, Tankless Water Heater
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesRain Gutters
Lot Size4,704 sqft

Building Information

Year Built2022
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR178759
Lot Number8
SubdivisionBig Sky Ranch Phase 2 At Dripping Spring
Land UseResidential
Legal DescriptionBIG SKY RANCH PHASE 2 AT DRIPPING SPRINGS, BLOCK 21, LOT 8, ACRES 0.108 TAX CODES:GHA,RSP,SDS
Census Tract010809
Assessed Land Value$106,200
Assessed Improvement Value$248,190
Assessment Year2025

About this property

Enjoy a cup of coffee on the front covered porch, with oaks and Hill Country views as a backdrop, and watch as the neighbors stroll by. This adorable bungalow has an amazing location, low taxes, and low-maintenance living – perfect for an investor, first-time buyer, or those seeking a lock-and-leave lifestyle. 268 Delaware Mountains Terrace is walking distance to downtown Dripping Springs and Founders Park and Pool - along with restaurants, frozen yogurt, and live music. The Meritage-built, Wiltshire plan home offers 3 bedrooms, 2.5 baths, and a large-open floor plan downstairs, with no wasted space. Situated on a quiet neighborhood drive, where people mingle and kids play, this home has a nice, covered front patio, with groves of oaks visible from every front window. Downstairs has high ceilings, a custom feature wall with integrated sconce lighting, a spacious dining area, bar area for 3-4 barstools, and a large, open kitchen. The kitchen is a great space for multiple cooks, with long runs of granite countertops, and a 5-burner gas range. There is also a little desk nook with shelving. Tucked away, toward the back of the house are a drop zone, with built-in hall tree, half bath, and laundry room. The bright primary bedroom is upstairs and has several windows, looking out onto the trees. The primary bathroom offers a dual vanity and has a large walk-in shower. The primary closet is huge! Two additional bedrooms are upstairs and a secondary bathroom. Each bedroom has a large closet. The washer, dryer, and refrigerator are all included! Additional upgrades include an epoxied garage floor, a wide lot, with no neighbors across the street, and LVP throughout the downstairs. Big Sky Ranch amenities include a sparkling neighborhood pool and park. A 25-minute drive to south Austin, only a 4-minute drive to historic downtown Mercer Street. You’ll have convenience to H-E-B, schools, breweries, wineries, and restaurants, plus you’re in the highly rated DSISD!

Investor Tools

Property Icon
$392,000
Estimated Property Value
$0Estimated Mortgage Balance
$392,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,352 /month
Positive
Cash Flow Estimate:
$784 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$612/month
$45/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,383
$354,390
2025
$106,200
$248,190
$354,390
No

Tax History

Year
Tax Paid
Assessed Value
2024
$5,383
$354,390

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$357,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$45/mo
+$2,043/mo
6.4%

City: Dripping Springs

268 Delaware Mountains Ter | Property Details | No Agent List