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$298,000

905 Mill Creek Drive, Salado, TX, 76571

$352,187 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,579 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.93 / sqft
Year BuiltBuilt in 1977

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Cooktop, Oven, Cooktop
FlooringCarpet, Linoleum, Tile

Exterior

Lot Size15,433 sqft

Building Information

Year Built1977
Stories1
Roof Type105
Garage Spaces2

Land Information

APN51913
Lot Number9
SubdivisionMill Creek Section 1
Land UseResidential
Legal DescriptionMILL CREEK SECTION 1, BLOCK 001, LOT 0009, (TOD DEED) (TOD DEED)
Census Tract023406
Assessed Land Value$78,564
Assessed Improvement Value$181,827
Assessment Year2025

About this property

Featuring a prime location in Mill Creek, this home has great bones and potential! The home has an open concept kitchen, living, dining, as well as 3 bedrooms and 2 bathrooms. The backyard features a very large and gorgeous oak tree and ample room to play. Built-in features add character in the dining area and living room. Perfect, quick golf cart ride into town!

Investor Tools

Property Icon
$298,000
Estimated Property Value
$0Estimated Mortgage Balance
$5,668Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$352,187
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,799 /month
Positive
Cash Flow Estimate:
$600 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$582
$255,833
2025
$78,564
$181,827
$260,391
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$582
$255,833

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Residential Wholesale Mortgage Inc
Unknown
$294,467
No
First
Dec 18, 2025
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$292,332
$5,668
1%
98%
$1,766/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.

Explore Texas Explore This Area
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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905 Mill Creek Drive | Property Details | No Agent List