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$569,175

NAL Estimated Property Value

501 Blue Ridge Dr, Dripping Springs, TX, 78620

$739,928 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,645 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$319.09 / sqft
Year BuiltBuilt in 1980

Property Lead Type:

Off-Market ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesDishwasher, Electric Range
FlooringCarpet, Laminate, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesTennis Court(s), Dog Run
Lot Size1.88 acres

Building Information

Year Built1980
Stories1
Garage Spaces2

Land Information

APNR21698
Lot Number29
SubdivisionBlue Ridge Sec 1
Land UseResidential
Legal DescriptionBLUE RIDGE I, LOT 29, ACRES 1.88 TAX CODES:GHA,RSP,SDS
Census Tract010806
Assessed Land Value$367,170
Assessed Improvement Value$202,005
Assessment Year2025

About this property

Here's your opportunity to buy in Dripping Springs and put in some cosmetic work to get the house you want! This 3 bedroom, 2 bathroom home sits on over 1.8 acres with a tennis/pickleball court! Open kitchen with plenty of cabinets for storage, hallway utility room, and vaulted ceiling in living room with fireplace. The two car garage is level with the main house and could make a great space for 4th bedroom expansion/primary suite. Great neighborhood and residing within highly desirable Dripping Springs ISD, the home is on city water with recently replaced septic and AC, with a low tax rate and no HOA. Price reflects updates needed. New septic system installed summer 2024. This home is minutes from downtown Dripping on acreage that is hard to find in this price range.

Investor Tools

Property Icon
$569,175
Estimated Property Value
$243,711Estimated Mortgage Balance
$325,845Estimated Equity
57% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$739,928
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,415 /month
Positive
Cash Flow Estimate:
$1,138 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,102/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,374
$569,175
2025
$367,170
$202,005
$569,175
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,374
$569,175

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Bastrop
Commercial
$250,000
No
First
Nov 14, 2024
Nov 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$243,711
$325,464
57%
43%
$1,499/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.

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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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501 Blue Ridge Dr | Property Details | No Agent List