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$94,000

800 Hillcrest Dr, Salado, TX, 76571

Off MarketInfo
Baths0 Bath
Unimproved LandUnimproved Land

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size28,079 sqft

Land Information

APN126254
Lot Number1
SubdivisionMill Creek Section 12
Land UseResidential
Legal DescriptionMILL CREEK SECTION 12, BLOCK 001, LOT 0001
Census Tract023405
Assessed Land Value$93,506
Assessment Year2025

About this property

Rare opportunity in the highly sought-after Mill Creek subdivision! This expansive 0.64-acre lot backs to a seasonal pond, providing privacy and a picturesque backdrop. Scattered with mature trees, this lot offers endless possibilities for your custom dream home. Bring your own builder or explore existing plans and additional documents available upon request. Mill Creek in Salado is a well-established community known for its scenic beauty, mature trees, and custom homes. Residents enjoy the charm of small-town living with convenient access to Mill Creek Golf Club, walking trails, and the peaceful Salado Creek. With spacious lots and diverse home styles, the neighborhood offers a relaxed yet connected lifestyle, just minutes from I-35 for an easy commute to Austin or Temple. This one-of-a-kind property won’t last long—don’t miss your chance!

Investor Tools

Property Icon
$94,000
Estimated Property Value
$58,380Estimated Mortgage Balance
$38,831Estimated Equity
38% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$690 /month
Positive
Cash Flow Estimate:
$230 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$194/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,856
$93,506
2025
$93,506
N/A
$93,506
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,856
$93,506

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Frost Bank
Commercial
$58,380
No
First
May 8, 2023
May 2038

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$55,169
$38,831
41%
59%
$351/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: Salado

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800 Hillcrest Dr | Property Details | No Agent List