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$369,990

471 Bishop Wood Rd, Dripping Springs, TX, 78620

$395,879 ARVInfo
On MarketInfo
Just AddedInfo
Beds3 Beds
Baths3 Bath
Baths1,950 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$189.74 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 3Bathrooms 3
AppliancesBuilt In Oven, Dishwasher, Energy Star Qualified Appliances, Exhaust Fan, Disposal, Gas Oven, Gas Range, Gas Water Heater, Microwave, Self Cleaning Oven, Stainless Steel Appliances, Tankless Water Heater, Vented Exhaust Fan
FlooringCarpet, Tile, Vinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesIn Wall Pest Control System, Lighting, No Exterior Steps, Private Yard
Lot Size5,184 sqft

Building Information

Garage Spaces2

Land Information

APNR212013
Lot Number21
SubdivisionHeritage Dripping Springs Phase 3
Legal DescriptionHERITAGE DRIPPING SPRINGS PHASE 3, BLOCK T, LOT 21, ACRES 0.119 TAX CODES:GHA,RSP,SDS,TDS1,PHER
Census Tract010817
Assessed Land Value$101,780
Assessment Year2026

About this property

Step into the Somerset, a beautifully designed two-story home that blends open living spaces with private retreats. With 1,950 sq. ft., this plan offers 3 bedrooms, 2.5 baths, and a 2-car garage, making it perfect for modern lifestyles. The first floor welcomes you with an open-concept layout that maximizes space and natural light. A spacious Family Room (19'-0" x 17'-0") flows into the Dining Room (14'-0" x 13'-0"), creating the ideal setting for family meals or entertaining guests. At the heart of the home, the Kitchen features a central island and generous counter space—perfect for meal prep or casual gatherings. A convenient Powder Room and direct access to the 2-Car Garage complete the main level. Upstairs, the Somerset continues to impress with a luxurious Owner’s Suite (12'-0" x 16'-0") featuring a private bath with dual sinks, a walk-in shower, garden tub and a spacious walk-in closet. Two additional bedrooms—Bedroom 2 (12'-0" x 10'-0") and Bedroom 3 (12'-0" x 10'-0")—offer plenty of space for family or guests. A versatile Loft (11'-0" x 11'-0") provides room for a home office, play area, or cozy retreat, while the conveniently located Laundry Room adds everyday ease. The Somerset is more than a home—it's truly a lifestyle designed for comfort, flexibility, and style.

Investor Tools

$0Estimated Mortgage Balance
$101,780Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
$395,878
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,220 /month
Positive
Cash Flow Estimate:
$740 /month

Interested in this property?

Patrick Easter

M/I Homes Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$166/month
$600/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$101,780
2026
$101,780
N/A
$101,780
No

Tax History

Year
Tax Paid
Assessed Value
2025
N/A
$101,780

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$101,780
100%
0%
$0/mo

City: Dripping Springs

471 Bishop Wood Rd | Property Details | No Agent List