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$506,000

590 Old Mill Rd Unit 122, Cedar Park, TX, 78613

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,278 Sq Ft
Condos / TownhousesCondos / Townhouses
price_per_sqft$241.4 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt-In Gas Range, Dishwasher, Gas Range, Microwave, Oven
FlooringTile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesBalcony
Lot Size13.49 acres

Building Information

Year Built2023
Garage Spaces2

Land Information

APNR-17-W591-0008-0122
Land UseCondominium Unit
Legal DescriptionC608 - PARK PLACE AT OLD MILL CONDO, BUILDING 8, UNIT 122, 1.388% COMMON AREA INTEREST, [TU PCT]
Census Tract020356
Assessed Land Value$98,791
Assessed Improvement Value$392,396
Assessment Year2025

About this property

Located in Cedar Park, TX, Park Place at Old Mill features 72 two-story townhouses with high end interiors and close proximity to area amenities. All townhomes feature open kitchen/living floor plans, primary bath suites with double vanities & walk-in showers, game rooms, and expansive terraces for outdoor living. Offering unique accessibility to outdoor recreation in the newly planned Lakeline Park. Just minutes away from great schools, family entertainment centers, and major employers, it’s a place anyone would love to call home. Partnered lenders are offering 1% of the loan amount to be accredited to the buyer to be used towards closing costs or rate buy-down and are also offering much more! Visit parkplaceatoldmill.com to view pricing, floorplans and more information!

Investor Tools

Property Icon
$506,000
Estimated Property Value
$460,000Estimated Mortgage Balance
$61,102Estimated Equity
9% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,299 /month
Positive
Cash Flow Estimate:
$1,100 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$410/month
$250/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,386
$491,187
2025
$98,791
$392,396
$491,187
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,386
$491,187

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Movement Mortgage
Conventional
$460,000
No
First
Jul 10, 2024
Aug 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$444,898
$46,289
9%
88%
$2,758/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,620/mo
$3,008/mo
$-388/mo
6.2%

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: Cedar Park

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590 Old Mill Rd Unit 122 | Property Details | No Agent List