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B+
NoAgentList RatingHow are grades calculated?Info

$397,000

NAL Estimated Property Value

402 Home Place Ln, Salado, TX, 76571

Off MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,326 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$324.21 / sqft
Year BuiltBuilt in 1997

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 3.5Bathrooms Full 3.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesCooktop, Dishwasher, Disposal, Microwave, Oven, Electric Oven, Range, Refrigerator, Electric Water Heater, Water Softener Owned
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size11,848 sqft

Building Information

Year Built1997
Stories2
Roof Type105
Garage Spaces2

Land Information

APN185951
Lot Number3
SubdivisionThe Homeplace Subdivision 2nd Amended
Land UseResidential
Legal DescriptionTHE HOMEPLACE SUBDIVISION 2ND AMENDED, BLOCK 001, LOT 0003, ACRES .272
Census Tract023406
Assessed Land Value$62,796
Assessed Improvement Value$306,322
Assessment Year2025

About this property

Texas-Cottage style home located in a small Salado neighborhood just one-block off Main Street. This unique home has been exquisitely updated and is nestled among large live oak trees with an extra-large deck and covered front porch. Updates include bathrooms, kitchen, fixtures and finishes and gorgeous stained wood floors. Living room ceiling is vaulted to second level with custom cedar wood ceiling beam and fireplace mantle. Staircase has unique artistic wall treatment and leads to second level loft bedroom and full bathroom. Kitchen includes customized appliances, quartz countertop and travertine tile backsplash. Master bedroom is on the main level with custom built-in cabinets and drawers. The master bathroom is fully remodeled with frameless glass walk-in shower, custom tile and beautiful fixtures. Main level also has extra bonus room for office/study or exercise room. Easily golf cart to local restaurants, shopping and Golf Course! Make appointment quickly!

Investor Tools

Property Icon
$397,000
Estimated Property Value
$0Estimated Mortgage Balance
$397,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,579 /month
Positive
Cash Flow Estimate:
$860 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$787/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,458
$369,118
2025
$62,796
$306,322
$369,118
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,458
$369,118

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$379,000
100%
0%
$0/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: Salado

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402 Home Place Ln | Property Details | No Agent List