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$856,000

NAL Estimated Property Value

609 N Canyonwood Dr, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,843 Sq Ft
price_per_sqft$307.77 / sqft
Year BuiltBuilt in 2002

Property Lead Type:

Off-Market ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
AppliancesCooktop, Dishwasher, Exhaust Fan, Electric Oven, Electric Water Heater, Disposal, Microwave, Water Purifier Owned, Refrigerator, Water Softener Owned, Self Cleaning Oven
FlooringCarpet, Vinyl

Exterior

Exterior FeaturesExterior Steps, Rain Gutters
Lot Size1.59 acres

Building Information

Year Built2002
Stories1
Roof Type105
Garage Spaces3

Land Information

APNR45284
Lot Number1003
SubdivisionSunset Canyon Sec V
Land UseResidential
Legal DescriptionSUNSET CANYON SEC V, LOT 1003, ACRES 1.59 TAX CODES:RSP,SDS
Census Tract010809
Assessed Land Value$315,050
Assessed Improvement Value$451,630
Assessment Year2025

About this property

Beautiful, newly remodeled home with Texas Hill Country views from almost every room. Gorgeous, Hill Country Stone exterior and modern interior touches including extra long, luxury vinyl, wide-plank floors throughout the home, designer light fixtures and hardware, new paint, carpet and a remodeled kitchen and primary bath with quartz countertops. Four bedrooms or three bedrooms with a dedicated office, two dining and a three car garage. A wall of tall windows offers long-distance, hill country views. The approximately 1.6 acre lot offers plenty of room for a pool and a guest house and ends at Roy Branch Creek, nestled under the oaks. The tree shaded creek is the perfect location for a hammock, fire pit or a treehouse. An oversized deck with living and dining space sits up high to enjoy the sunsets, stargazing and the hill country breezes. The primary bedroom has a sitting area that leads to the back deck through French Doors and a long bay window that captures more of the beautiful views as well as two, spacious walk-in closets. There's nothing left to do except relax and enjoy your new home. One of the area's lowest tax rates, award-winning Dripping Springs' schools and perfectly situated between downtown Austin and downtown Dripping Springs.

Investor Tools

Property Icon
$856,000
Estimated Property Value
$657,674Estimated Mortgage Balance
$199,380Estimated Equity
21% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$5,250 /month
Positive
Cash Flow Estimate:
$1,750 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,188/month
$45/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$9,973
$766,680
2025
$315,050
$451,630
$766,680
No

Tax History

Year
Tax Paid
Assessed Value
2024
$9,973
$766,680

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Union Home Mortgage Corp
Conventional
$680,000
No
First
Jun 6, 2024
Jul 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$657,674
$182,326
21%
77%
$4,077/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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