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$342,000

364 Watersedge Terrace Dr, Elgin, TX, 78621

Off MarketInfo
Baths2 Bath
Baths1,538 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$187.91 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bathrooms 2Bathrooms 2
CoolingCooling
AppliancesOven
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool
Lot Size2.50 acres

Building Information

Year Built1965
Roof Type112

Land Information

APNR11640
Lot Number9
SubdivisionS6560 - Lazy River Acres
Land UseResidential
Legal DescriptionLAZY RIVER ACRES, LOT 9, ACRES 2.499
Census Tract950101
Assessed Land Value$190,890
Assessed Improvement Value$84,743
Assessment Year2025

About this property

Tons of potential here for a dream riverfront property just a stone's throw away from Austin Bergstrom Airport. This expansive 2+ acre lot boasts a picturesque setting with direct river frontage, offering a rare and unique opportunity for those seeking water frontage while still being conveniently located near city amenities. This property currently features a total of 6 structures. Two of these structures are in close to livable condition and will need some level of remodel/make ready. The remaining 4 structures are not in livable condition. While the property is currently in the process of being cleaned up by the owner, the potential of a pristine and well-maintained estate is evident. As many new homes have been built up in the area. Whether you're looking for a weekend retreat or a permanent residence, this property offers the perfect balance of tranquility and accessibility. Take advantage of the proximity to the city while still relishing the privacy and serenity of your own riverfront oasis. Don't miss out on the opportunity to make this property your own. Embrace the potential, bring your vision to life, and create a home that seamlessly integrates with the natural beauty of this property. Professional photos coming soon.

Investor Tools

Property Icon
$342,000
Estimated Property Value
$20,000Estimated Mortgage Balance
$322,718Estimated Equity
94% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,052 /month
Positive
Cash Flow Estimate:
$684 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$530/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,653
$275,633
2025
$190,890
$84,743
$275,633
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,653
$275,633

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Victorino Gonzalez
Stand Alone Second / Subordinate Position
$20,000
No
First
May 15, 2024
Feb 2025

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$19,344
$256,289
92%
6%
$120/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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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364 Watersedge Terrace Dr | Property Details | No Agent List