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B+
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Days81Days on Market
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$7,500

301 Medlin Creek Loop, Dripping Springs, TX, 78620

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths3,500 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$2.14 / sqft
Year BuiltBuilt in 1994

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Electric Range, Dishwasher, Disposal, Gas Oven, Refrigerator, Washer/Dryer
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesBarbecue, Lighting
Lot Size2.30 acres

Building Information

Year Built1994
Stories2
Roof Type105

Land Information

APNR35767
Lot Number62
SubdivisionMedlin Creek Phase I
Land UseResidential
Legal DescriptionMEDLIN CREEK PHASE I, LOT 62, ACRES 2.304 TAX CODES:RSP,SDS
Census Tract010817
Assessed Land Value$510,660
Assessed Improvement Value$799,070
Assessment Year2025

About this property

Set on 2.3 fully fenced and gated acres in the highly sought-after Medlin Creek neighborhood off Fitzhugh Rd, this remodeled Hill Country property offers space, privacy, and a lifestyle close to wineries, breweries, and near one of the Hill Country’s favorite towns, Dripping Springs. The 3,500 sq ft home features 3 bedrooms, 2.5 bathrooms, and a large converted garage that functions as an expansive bonus or flex space with endless potential for a large primary suite, guest quarters, or additional bedrooms. The main level includes the primary suite, while two additional bedrooms are located upstairs. Remodeled in 2021, the home exudes rustic charm with thoughtful updates like beamed ceilings and a german schmear fireplace. Interior highlights include wood floors in the main area, shiplap walls, wainscoting in the dining area, and updated lighting fixtures. The kitchen and primary shower have been updated, offering a beautiful, functional layout while maintaining character. Outdoor living is a standout feature with a large covered back patio, pool and spa, fire pit, outdoor kitchen, a wet weather creek at the back of the lot, and views of oak groves throughout the property. The wraparound front porch, complete with a swing and space for rocking chairs, creates a welcoming place to enjoy the Hill Country setting. The property backs to a larger ranchette, enhancing the sense of privacy and country living while still only minutes from downtown Dripping Springs. Additional features include a well and 40,000 gallon rainwater collection system, a storage shed, playscape, and a chicken coop. This is a rare opportunity for acreage living in a prime Dripping Springs location with flexibility, charm, and room to make it your own. Call today!

Investor Tools

$793,732Estimated Mortgage Balance
$345,770Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$6,828 /month
Positive
Cash Flow Estimate:
$2,276 /month

Interested in this property?

Lauren Clark

Magnolia Realty Austin Hill Co

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,576/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,226
$1,010,229
2025
$510,660
$799,070
$1,309,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,226
$1,010,229

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mortgage Research Center Llc
Va
$621,075
Yes
First
Jun 30, 2020
Jul 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$793,732
$468,268
37%
70%
$5,210/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.

Explore Texas Explore This Area
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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301 Medlin Creek Loop | Property Details | No Agent List