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B+
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Days161Days on Market
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$515,000

3900 Chisholm Trl, Salado, TX, 76571

On MarketInfo
Beds4 Beds
Baths4 Bath
Baths2,766 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$186.19 / sqft
Year BuiltBuilt in 1996

Property Lead Type:

Must-SellAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDryer, Dishwasher, Electric Range, Oven, Range Hood, Washer, Cooktop, Microwave
FlooringLaminate, Tile

Exterior

Lot Size22,250 sqft

Building Information

Year Built1996
Stories1
Roof Type105
Garage Spaces4

Land Information

APN150448
Lot Number1
SubdivisionThe Highlands Of Mill Creek Section Two
Land UseResidential
Legal DescriptionTHE HIGHLANDS OF MILL CREEK SECTION TWO 2ND REPLAT, BLOCK 001, LOT 0001
Census Tract023405
Assessed Land Value$88,333
Assessed Improvement Value$428,401
Assessment Year2025

About this property

BOM - buyers got cold feet. No repairs were requested, and the septic inspection came back clean. Designed for versatility and long-term value, this property offers a rare setup that works beautifully for multigenerational living, welcoming guests, or generating income through a fully permitted short-term rental. Located in a desirable pocket of the neighborhood with no HOA and the added advantage of an assumable loan, it’s a flexible opportunity from day one. The main home spans roughly 2,106 square feet with three bedrooms and two-and-a-half baths. Tall 10-foot ceilings, granite countertops, a gas fireplace, generous storage, and well-designed his-and-her closets support comfortable everyday living. Practical updates include a roof replaced about two years ago, new gutters, a five-year-old HVAC system, and blinds throughout. The refrigerator, washer, and dryer convey to make moving in easier. A detached guest house adds about 660 square feet of bonus space with its own entrance, one bedroom, and one bathroom. It’s ideal as a guest suite, home office, gym, or creative studio. It even includes a wine refrigerator and offers opportunities for future customization such as a kitchenette, loft addition, or expanded shower. The seller (who is a contractor) can complete custom improvements prior to closing at wholesale pricing. Outdoor living is inviting, with a new Trex deck that overlooks a large fenced yard. Beyond the fence, additional acreage offers room to expand, garden, or simply enjoy extra privacy and space. Set within a community known for its tree-lined fairways, creek views, clubhouse, and private 27-hole golf course, this property offers a blend of lifestyle, flexibility, and room to grow, no matter how you plan to use it.

Investor Tools

$324,975Estimated Mortgage Balance
$192,346Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,100 /month
Positive
Cash Flow Estimate:
$1,033 /month

Interested in this property?

Lindsey Hicks

Christie's Intl

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,168/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,436
$516,734
2025
$88,333
$428,401
$516,734
No

Tax History

Year
Tax Paid
Assessed Value
2024
$11,436
$516,734

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Thrive Mortgage Llc
Va
$350,000
Yes
First
Jul 8, 2022
Aug 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$324,975
$195,025
37%
63%
$2,099/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,690/mo
$2,099/mo
$-409/mo
3.9%

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: Salado

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