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$2,247,350

NAL Estimated Property Value

580 Spanish Oak Trl, Dripping Springs, TX, 78620

Off MarketInfo
Beds6 Beds
Baths6 Bath
Baths4,245 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$2.12 / sqft
Year BuiltBuilt in 2007

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Private PoolPrivate Pool
Lot Size7.24 acres

Building Information

Year Built2019
Stories1
Roof Type112
Garage Spaces4

Land Information

APNR119154
Lot Number8
SubdivisionLas Maderas
Land UseResidential
Legal DescriptionS4723 - LAS MADERAS, LOT 8, ACRES 7.24 TAX CODES:GHA,RSP,SDS
Census Tract010806
Assessed Land Value$971,850
Assessed Improvement Value$1,275,500
Assessment Year2025

About this property

Nestled on seven quiet acres in the heart of Dripping Springs, this newly remodeled modern farmhouse is surrounded by mature oak trees and lives primarily as a one-story. **The LEASE is for the home on 1 acre with access to the fam. The FARM (other 6 acres) will be leased separately. The interior features white oak hardwood floors, freshly painted interior with on-trend light fixtures, high ceilings, an open floor plan, and copious amounts of light. The primary suite features shiplap detail on the vaulted ceiling, a walk-in shower, dual quartz vanities, and a walk-in closet. The secondary living room can serve as a TV or playroom and is adjacent to three bedrooms with an ensuite and jack and jill bath. The fifth bedroom is upstairs and can serve as a bedroom, flex space, guest suite with an ensuite bath, or secondary office. The screened-in porch leads to the detached garage and garage apartment with features a full kitchen, wash and dryer hookups, bedroom and ensuite bath. City water and water well installed in 2019. Much of the system design and property is built around capturing and retaining water when it is received. The ditches (swales) and pocket pond were dug so that in large rain events it would be captured and slowed on the property to allow the trees to retain water. Minutes from the conveniences of modern everyday life, all the while feeling like you are a hundred miles away from the city. Restaurants, CVS, Home Depot, and HEB are five minutes away,35 minutes to Downtown and Austin Bergstrom Airport. There are fruit trees planted with multiple varieties: Peaches Apples Pears Asian Pears Mulberry Figs 12 raised garden beds 1,000 linear feet suitable for planting blackberries Five sections of sprinklers in the pasture. Eight bee boxes are in place Electrical deer fence around the entire perimeter of the property.

Investor Tools

Property Icon
$2,247,350
Estimated Property Value
$1,409,499Estimated Mortgage Balance
$840,660Estimated Equity
37% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$13,484 /month
Positive
Cash Flow Estimate:
$4,495 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$3,948/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$36,136
$2,247,350
2025
$971,850
$1,275,500
$2,247,350
No

Tax History

Year
Tax Paid
Assessed Value
2024
$36,136
$2,247,350

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Conventional
$1,368,500
No
First
Oct 8, 2020
Nov 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$1,409,499
$837,851
37%
63%
$9,429/mo

City: Dripping Springs

580 Spanish Oak Trl | Property Details | No Agent List