309 Central Ave, Elgin TX 78621

Elgin, TX 78621 | Elgin City

Ed's Opinion of Value

$144,349 Ed's Estimate: $266,745 $408,122
Lowest Comp Recommended List: $261,000 to $272,000 Highest Comp

Listing History

$375,000 List Price
$262,234 Comp Value
1 Price Reductions

This property was listed at $375,000 and expired after 359 days on market. The price was reduced from $400,000 to $375,000. This listing activity factors into the valuation.

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $266,745. Pricing this home between $261,000 and $272,000 would put it in the competitive sweet spot for ELGIN CITY. This would position the home competitively among 7 active listings in ELGIN CITY. Having a pool is a plus; 7 of the 7 comps lacked one. At 96 years older than typical comps, the 1890 build date influences the valuation. The comp data here (7 sales in ELGIN CITY) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus
3 Beds
2 Baths 2 Full
1,360 Sq Ft
0.359 Acres
1890 Built

About This Property

OPPORTUNITY, OPPORTUNITY, OPPORTUNITY!! Over a quarter of an acre located seconds from Downtown Elgin! This .359 Acre lot is ready for your next business adventure. Being zoned special use this lot can be used for commercial or residential use! With the expansion of Veterans Park this is the perfect location for foot traffic. The city of Elgin is very active in developing the downtown area and they have a ton of events and plans. This property is ideally situated to offer exceptional visibility and convenient access, making it a valuable investment for entrepreneurs and enterprises looking to establish a presence in a dynamic business environment. Embrace the potential for growth, visibility, and success that this property has to offer. Current structure can be torn down to start anew with concrete slab/slabs and utilities already in place. Possibilities include duplex's, income producing business, and more. The possibilities and endless!

Property Highlights

Pool Above Ground

Features

  • Ceiling Fan(s)
  • Primary Bedroom on Main
  • See Remarks

Location

Schools

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

Property Details

Property Type Residential
Flooring Carpet, Laminate
Cooling Central Air
Heating Central
Exterior Exterior Steps, Lighting
County Bastrop
MLS # 4649843

Tax Information

Annual Taxes $4,936 (2023)

Listing History

MLS# 4649843 359 days
Oct 31, 2024 Off Market
Feb 12, 2024 Price Change $375,000
Nov 7, 2023 Listed $400,000

Frequently Asked Questions About 309 Central Ave, Elgin TX 78621

When was 309 Central Ave, Elgin TX 78621 built?

309 Central Ave, Elgin TX 78621 was built in 1890.

How much does 309 Central Ave, Elgin TX 78621 cost?

309 Central Ave, Elgin TX 78621 is currently off market.

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