6view

Owner Contacts

$481,000

NAL Estimated Property Value

915 Mill Creek Dr, Salado, TX, 76571

Off Market

3 Beds

2 Bath

2,450 Sq Ft

$187.76 / sqft

Built in 1980

Property Lead Type:

Absentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 3

Bathrooms Full 2

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDouble Oven, Dishwasher, Electric Cooktop, Electric Water Heater, Disposal, Trash Compactor, Water Heater, Cooktop, Water Softener Owned

FlooringCeramic Tile, Vinyl

Exterior

Lot Size23,435 sqft

Building Information

Year Built1980

Stories1

Roof Type105

Garage Spaces2

Land Information

APN39055

SubdivisionMill Creek Section 1

Land UseResidential

Legal DescriptionMILL CREEK SECTION 1, BLOCK 001, LOT 0011, & 0.113AC TR ADJ, ACRES .538 & 0.113AC TR ADJ

Census Tract023406

Assessed Land Value$89,523

Assessed Improvement Value$343,088

Assessment Year2025

About this property

ASK ABOUT INTEREST RATE INCENTIVE WITH PREFERRED LENDER!!!! Welcome to your charming 3-bedroom, 2-bath home nestled on over half an acre in the heart of Salado’s sought-after Mill Creek neighborhood! Built in 1980, this spacious home offers three large bedrooms, perfect for a growing family or those who love extra space. With a prime location, you’re just one house away from scenic Salado Creek and moments from the Mill Creek Golf Course. Recently renovated…NEW HVAC 2023 w/10 year warranty, NEW Roof & Gutters 2022, NEW Aerobic Septic System 2024, NEW Front Door, NEW fence, NEW Windows, NEW Water Softener & Water Heater, NEW Carport, NEW Appliances!!!! Enjoy convenient access to downtown Salado, where you can explore local shops, dining, and art galleries. Just minutes from I-35, this home makes commuting easy while offering the peace and tranquility of small-town living. Nearby amenities including Brookshire Brothers grocery, the Salado Library, and Main Street. Don’t miss this opportunity to experience the best of Salado living!

Investor Tools

$481,000

Estimated Property Value

$339,034Estimated Mortgage Balance

$141,966Estimated Equity

29% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$2,886 /month

Positive

Cash Flow Estimate:

$962 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$826/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$7,503

$432,611

2025

$89,523

$343,088

$432,611

Tax History

Year

Tax Paid

Assessed Value

2024

$7,503

$432,611

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

University Fcu

$373,395

Yes

First

Jul 19, 2021

Aug 2051

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$339,034

$141,966

29%

70%

$2,239/mo

Learn About the Market: Opportunity in Texas

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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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