505 E Highway 290, Elgin TX 78621

Off Market

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Ed's Opinion of Value

$234,711 Ed's Estimate: $403,520 $660,000

Lowest Comp Recommended List: $561,000 to $647,000 Highest Comp

The estimated value of this property is $403,520, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $561,000 and $647,000. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in 78621. This home's larger footprint (583 sqft vs the comp average) plays a role in how the market prices it. Built in 1960, this home is 30 years older than the average comp, which is reflected in the adjustments. Right now, 7 similar properties are competing for buyers in 78621, listed between $349,000 and $699,000. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 119 Maple Leaf TRL, Elgin TX 78621, with an adjusted value of $561,430; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group

78621 Market Trends

$285,171 Median Sold Price ▼ 8.3% 6mo

$167/sqft Median $/SqFt ▼ 5.9% 6mo

101 days Avg Days on Market 17 days slower

299 homes Active Inventory 7.2 mo supply

98.2% Sale-to-List Ratio

249 Sales (6 months)

Recently Sold Comparables

$561,430 adjusted 119 Maple Leaf TRL, Elgin TX 78621 4bd / 3.0ba • 3,472 sqft • 2.3 mi Sold 3 months ago

$499,872 adjusted 507 Arbors CIR, Elgin TX 78621 4bd / 4.0ba • 3,014 sqft • 2.1 mi Sold 6 months ago

$234,711 adjusted 121 Jackson ST, Elgin TX 78621 3bd / 1.0ba • 912 sqft • 1.6 mi Sold 2 months ago

$269,430 adjusted 517 N Avenue F, Elgin TX 78621 2bd / 1.0ba • 1,064 sqft • 2.5 mi Sold 1 months ago

$411,990 adjusted 13512 Hamilton Hart DR, Elgin TX 78621 5bd / 3.0ba • 3,060 sqft • 4.8 mi Sold 3 months ago

Currently on Market

$349,000 100 W 11th ST, Elgin TX 78621 5bd / 2.0ba • 3,281 sqft • 3 mi 14 days on market

$549,000 111 Post Oak DR, Elgin TX 78621 5bd / 3.0ba • 3,578 sqft • 3 mi 75 days on market

$660,000 105 Arbors CIR, Elgin TX 78621 4bd / 4.0ba • 3,354 sqft • 2.7 mi 31 days on market

5 Beds

5 Baths

3,352 Sq Ft

0.258 Acres

1960 Built

About This Property

This prime 0.258-acre property with Highway 290 frontage offers unbeatable location and is move-in ready! Perfect for investors, this property features 5 units— lots of potential you could live in one unit and rent out the other 4 or rent all 5 units—providing excellent income potential. The upstairs west unit has previously rented for $1,200, while the other 4 units could bring in $700 each. Please note, the pool conveys and the functionality of the pool is unknown. The property is being sold "As Is," and the condition is perfect for someone looking to maximize rental income. Don't miss out on this fantastic opportunity! Conveniently located less than a mile from the Heart of downtown Elgin, 18 mi from Bastrop, 25 mi from downtown Austin, 28 mi from Austin International Airport, 17.5 mi from Samsung Factory in Taylor, 23.6 miles from the Tesla plant.

Location

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Property Details

Property Type Residential

Flooring Carpet, See Remarks

Cooling Wall/Window Unit(s)

Heating See Remarks

County Bastrop

MLS # 9246435

Tax Information

Annual Taxes $8,801 (2024)

Listing History

MLS# 9246435 55 days

Jun 6, 2025	Off Market
Mar 26, 2025	Listed		$499,000

Frequently Asked Questions About 505 E Highway 290, Elgin TX 78621

When was 505 E Highway 290, Elgin TX 78621 built?

505 E Highway 290, Elgin TX 78621 was built in 1960.

How much does 505 E Highway 290, Elgin TX 78621 cost?

505 E Highway 290, Elgin TX 78621 sold on June 6, 2025. Contact us for sale price details.

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