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$180,295

2009 Fm 1704, Elgin, TX, 78621

$234,384 ARVInfo
SoldInfo
6/30/26
Beds2 Beds
Baths1 Bath
Baths1,180 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$139.83 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Deal ListARV FlipAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 1Bathrooms 1
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Electric Oven, Refrigerator
FlooringVinyl, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesSee Remarks
Lot Size22,259 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces1

Land Information

APNR61229
SubdivisionWest, C A
Land UseResidential
Legal DescriptionA337 WEST, C. A. , ACRES 0.5110
Census Tract950101
Assessed Land Value$75,284
Assessed Improvement Value$105,011
Assessment Year2025

About this property

Multiple offer received This property offers incredible potential with a large yard and a prime location. Situated on approximately 0.5 acres at 2009 FM 1704 in Elgin, this 2-bedroom, 1-bath home includes a dedicated office and is ideal for investors or those looking to renovate and add value. Located adjacent to the future Legacy Oak Middle School in Elgin ISD (currently under construction, estimated completion in 2027), the property is well-positioned for future growth. With its generous lot size and strong upside, this is a great opportunity for a flip, rental, or long-term investment. Will consider all offers.

Investor Tools

Property Icon
$180,295
Estimated Property Value
$57,500Estimated Mortgage Balance
$136,890Estimated Equity
68% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$234,384
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,082 /month
Positive
Cash Flow Estimate:
$361 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$383/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,694
$180,295
2025
$75,284
$105,011
$180,295
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,694
$180,295

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Green Tree Servicing Llc
Conventional
$57,500
No
First
Mar 13, 2015
Apr 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$43,405
$136,890
75%
24%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
N/A
+$1,626/mo
10.8%

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: Elgin

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