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$616,522

NAL Estimated Property Value

611 Founders Rdg, Dripping Springs, TX, 78620

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,455 Sq Ft
price_per_sqft$248.43 / sqft
Year BuiltBuilt in 2018

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Bathrooms Half 1Bathrooms Half 1
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Gas Cooktop, Disposal, Microwave, Self Cleaning Oven
FlooringCarpet, Tile, Wood

Exterior

Exterior FeaturesPrivate Yard
Lot Size7,884 sqft

Building Information

Year Built2018
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR153627
Lot Number59
SubdivisionFounders Ridge Sec 2a
Land UseResidential
Legal DescriptionFOUNDERS RIDGE SEC 2A, BLOCK A, LOT 59, ACRES 0.181 TAX CODES:GHA,RSP,SDS
Census Tract010809
Assessed Land Value$152,220
Assessed Improvement Value$464,302
Assessment Year2025

About this property

Beautifully designed one story 4-bedroom, 2.5-bath, 3 car garage, Ashton floorplan by Taylor Morrison located in the highly desirable Founders Ridge community of Dripping Springs. This flex plan offers 4th bedroom as optional study with closet and 2nd living as formal dining depending on your needs. This thoughtfully crafted home offers a seamless blend of modern design and Hill Country charm, with a functional layout ideal for both everyday living and entertaining. The open-concept common area serves as the heart of the home, featuring a spacious family room that flows effortlessly into the kitchen and breakfast nook. The private primary suite is designed as a relaxing retreat, complete with a sizable walk-in closet and a well-appointed en-suite bath. Two additional guest bedrooms are well situated and include roomy walk-in closets, offering comfort and privacy for family or guests. Enjoy outdoor living year-round from the covered back patio overlooking the landscaped yard, complete with a sprinkler system for easy maintenance. Residents of Founders Ridge enjoy access to community amenities including parks, sidewalks, hike and bike trails, and a scenic greenbelt with walking trails. The home is ideally located within walking distance to Dripping Springs Elementary and just minutes from HEB, Home Depot, the YMCA, Austin Regional Clinic, and other everyday conveniences. Positioned near Mercer Street, you’ll have easy access to charming boutiques, local festivals, and renowned Hill Country wineries and breweries—placing you right at the heart of the “Gateway to the Hill Country.” Benefit from a low tax rate with no PID or MUD, adding to the home’s overall value and affordability. Zoned to the highly acclaimed Dripping Springs ISD. This property offers the perfect balance of comfort, location, and lifestyle with convenient access to major roadways, shopping, dining, and outdoor recreation.

Investor Tools

Property Icon
$616,522
Estimated Property Value
$288,740Estimated Mortgage Balance
$327,782Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,699 /month
Positive
Cash Flow Estimate:
$1,233 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,001/month
$360/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,934
$616,522
2025
$152,220
$464,302
$616,522
No

Tax History

Year
Tax Paid
Assessed Value
2024
$8,934
$616,522

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerisave Mortgage Corp
Conventional
$325,000
No
First
Aug 4, 2020
Sep 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,740
$327,782
53%
47%
$1,949/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
$2,309/mo
$-221/mo
4.1%

City: Dripping Springs

611 Founders Rdg | Property Details | No Agent List