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$342,000

9787 Norwood Drive, Salado, TX, 76571

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,456 Sq Ft
Manufactured HomeManufactured Home
price_per_sqft$205.36 / sqft
Year BuiltBuilt in 2014

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesElectric Range, Electric Water Heater, Water Heater
FlooringLaminate

Exterior

Lot Size1.19 acres

Building Information

Year Built2014
Stories1

Land Information

APN331184
SubdivisionE Brewer
Land UseResidential
Legal DescriptionA0061BC E BREWER, 7-3-4, ACRES 1.19, SN1 BEL001779TXA; LABEL# NTA1641466, TITLE # MH00555025 7-3-4,
Census Tract023406
Assessed Land Value$100,020
Assessed Improvement Value$32,571
Assessment Year2025

About this property

Welcome to Norwood Drive in SALADO, TX! Snag this affordable property in Salado ISD with no restrictions and no HOA on a private street with no thru-traffic. On this 1-acre lot sits a 2014 single owner double-wide mobile home in good condition with 3 beds and 2 baths, front porch and carport. Enjoy peaceful living on this quiet street, away from the busy-ness of town, but be minutes away from local amenities. This property is located just a few minutes from Salado high school and outside of city limits - such a great spot! Behind the home you'll find, a nice level grassed field area to enjoy the outdoors and recreate with your family. Home is on Salado Water Supply & septic. Buyer and buyer's agent to verify all details. Information deemed reliable but not guaranteed.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$0Estimated Mortgage Balance
$261,190Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$183/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$482
$132,591
2025
$100,020
$32,571
$132,591
No

Tax History

Year
Tax Paid
Assessed Value
2024
$482
$132,591

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Southwest Stage Funding Llc
Fha
$100,413
Yes
First
Jan 26, 2017
Feb 2047

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$80,810
$261,190
76%
24%
$603/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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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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