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$316,000

NAL Estimated Property Value

201 N Avenue B, Elgin, TX, 78621

$410,800 ARVInfo
Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,938 Sq Ft
price_per_sqft$154.28 / sqft
Year BuiltBuilt in 1960

Property Lead Type:

Off-Market ListARV FlipAbsentee Owner

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesBuilt In Oven, Cooktop, Dishwasher, Disposal, Range Hood
FlooringCarpet, Concrete, Linoleum, Tile, Vinyl, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size11,500 sqft

Building Information

Year Built1960
Stories1
Roof Type105
Garage Spaces2

Land Information

APNR14202
Lot Number9-10
SubdivisionElgin City
Land UseResidential
Legal DescriptionELGIN CITY, BLOCK 54, LOT 9 & 10
Census Tract950202
Assessed Land Value$130,523
Assessed Improvement Value$162,150
Assessment Year2025

About this property

Classic, ranch style home with the best walkability to Elgin's amenities, sites, and businesses. Mature pecan trees pepper this estately, corner lot for the ideal Texas, country & city feel! This property is made of up 2 lots totaling just over 1/4 acre. DIY-ers can use elbow grease to create sweat equity with cosmetic upgrades (the bones of the house are good to go!!) Remodeled with this home's/lot size & walkability would fetch $400k+. Investors can add value by doing a short term rental, adding an accessory dwelling, adding RV spot, doing a deeper remodel by raising ceilings/opening kitchen, etc. Walk to 2 parks, city pool, community center, recreation center, downtown/Main street Elgin with restaurants and shops, public library and more. SEE LINK FOR 3D WALK-THRU, FLOOR PLAN, MEASURING TOOL, AND MORE!

Investor Tools

Property Icon
$316,000
Estimated Property Value
$197,765Estimated Mortgage Balance
$118,579Estimated Equity
32% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$410,800
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,896 /month
Positive
Cash Flow Estimate:
$632 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$760/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$7,534
$292,673
2025
$130,523
$162,150
$292,673
No

Tax History

Year
Tax Paid
Assessed Value
2024
$7,534
$292,673

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Fairway Independent Mortgage Corp
Conventional
$210,000
No
First
Feb 17, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$197,765
$94,908
32%
63%
$1,260/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,626/mo
$1,260/mo
+$366/mo
6.2%

City: Elgin

201 N Avenue B | Property Details | No Agent List