1584 Red Town RD, Elgin TX 78621

Elgin, TX 78621 | N/A

Ed's Opinion of Value

$265,200 Ed's Estimate: $383,244 $811,077
Lowest Comp Recommended List: $445,000 to $482,000 Highest Comp
My analysis of 7 comparable properties puts this home's estimated value at $383,244. Based on how the local market is moving, a list price between $445,000 and $482,000 would position this home well. Relative to what's currently available in 78621, this home would be the most affordable of 2 comparable homes on the market. Being 116 sqft larger than the average comparable sale in this area impacts the per square foot value. At 28 years older than typical comps, the 1977 build date influences the valuation. Buyers in 78621 have 2 comparable options right now, with asking prices between $519,000 and $625,000. The 6 month price trend in 78621: fallen 8.3%. The best comp here is 108 Bill ST, Elgin TX 78621 at an adjusted value of $342,859, a strong comparable. With 7 comparable sales in 78621, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group
3 Beds
3 Baths
1,997 Sq Ft
56.43 Acres
1977 Built

About This Property

Discover a rare opportunity to own 56 unrestricted acres in Elgin, Bastrop County, offering a perfect blend of rural tranquility and strategic proximity to major developments. Located north of Elgin near Hwy 290 and Hwy 95, this property provides easy access to Elgin, Tesla, Samsung, The Boring Company, and Circuit of the Americas, making it ideal for residential, commercial, or investment use. Red Town Ranch features two stocked ponds, open hay pastures, and a wet-weather creek, making it ideal for cattle grazing, farming, hunting, fishing, and recreation. Abundant wildlife enhances the natural beauty, offering a peaceful escape just minutes from major growth areas. Currently leased for hay and cattle production, the land presents an immediate income-generating opportunity. At the heart of the ranch sits a well-built, 1,997 sq. ft. limestone home constructed in 1977 with 3 bedrooms and 2.5 bathrooms. Showcasing timeless craftsmanship and a cozy fireplace, the home is ready for upgrades to match your vision. Aqua Water and Bluebonnet Electric are connected, as well as septic. Mineral rights are negotiable. Whether you're seeking a peaceful country homestead, a thriving ranch, or prime land for future investment, this property offers unmatched versatility. Embrace the beauty of wide-open spaces while remaining just minutes from Austin’s expanding tech and business hubs.

Location

Schools

School District Elgin ISD
Elementary Elgin
Middle School Elgin
High School Elgin

Property Details

Property Type Farm
Exterior See Remarks
County Bastrop
MLS # 7489571

Tax Information

Annual Taxes $4,745 (2024)

Listing History

MLS# 7489571 65 days
Jun 26, 2025 Off Market
Mar 27, 2025 Listed $1,650,000

Frequently Asked Questions About 1584 Red Town RD, Elgin TX 78621

When was 1584 Red Town RD, Elgin TX 78621 built?

1584 Red Town RD, Elgin TX 78621 was built in 1977.

How much does 1584 Red Town RD, Elgin TX 78621 cost?

1584 Red Town RD, Elgin TX 78621 sold on June 26, 2025. Contact us for sale price details.

Similar Properties

Browse More Properties

Request Tour

Contact Agent

Interested in this property?

Get more information or schedule a tour

By submitting this form, you consent to receive communications from Neuhaus Realty Group via phone, email, or text regarding your property inquiry. You may opt out at any time. Your information will not be shared. See our Privacy Policy.