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$874,000

NAL Estimated Property Value

2905 Elder Hill Rd, Driftwood, TX, 78619

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,416 Sq Ft
price_per_sqft$227.65 / sqft
Year BuiltBuilt in 1983

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Exhaust Fan, Free-Standing Range, Stainless Steel Appliance(s), Water Heater
FlooringCarpet, Laminate, Tile

Exterior

Exterior FeaturesPrivate Yard, RV Hookup
Lot Size11.73 acres

Building Information

Year Built1983
Stories2
Roof Type112

Land Information

APNR32101
SubdivisionHimmelblau (Unrecorded Subd)
Land UseResidential
Legal DescriptionABS 272 (HIMMELBLAU) FRANCIS KELLY SURVEY, ACRES 11.73 TAX CODES:RSP,SHA,ACCD
Census Tract010812
Assessed Land Value$774,160
Assessed Improvement Value$394,180
Assessment Year2025

About this property

Large ACREAGE w/100% native stone 4 bedroom farmhouse, fenced, plus separate entrance and potential build site(s) on Caliche Rd. Workshop, chicken coop, storage barn, shaded hike trail just steps from the house. Some of the recent renovations include recent interior/exterior paint, flooring, kitchen counters and stainless appliances. Move in-as is or renovate to desire, develop, family compound, etc. Tons of potential, shooting allowed, just 10 minutes from Dripping and <35 to downtown Austin and ABIA.Restrictions: Yes

Investor Tools

Property Icon
$874,000
Estimated Property Value
$595,455Estimated Mortgage Balance
$279,650Estimated Equity
18% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,244 /month
Positive
Cash Flow Estimate:
$1,748 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,020/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,868
$527,770
2025
$774,160
$394,180
$1,168,340
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,868
$527,770

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
American Financial Network Inc
Stand Alone First / Home Equity First Lien
$647,200
No
First
Jan 13, 2022
Feb 2052

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$595,455
$134,545
18%
68%
$3,881/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,490/mo
$3,881/mo
$-1,391/mo
3.4%

City: Driftwood