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$345,427

NAL Estimated Property Value

505 S Avenue C, Elgin, TX, 78621

Off MarketInfo
Beds4 Beds
Baths1 Bath
Baths1,884 Sq Ft
price_per_sqft$146.23 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Deal ListAbsentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 1Bathrooms Half 1
Indoor FireplaceIndoor Fireplace
AppliancesNone
FlooringWood

Exterior

Exterior FeaturesNone
Lot Size21,388 sqft

Building Information

Year Built1920
Stories1
Roof Type105

Land Information

APNR13110
Lot Number95C
SubdivisionS7800 - Smith, J S
Land UseResidential
Legal DescriptionSMITH, J. S., LOT 95 C
Census Tract950202
Assessed Land Value$154,849
Assessed Improvement Value$190,578
Assessment Year2024

About this property

Own a Piece of Elgin’s History! Step into the past with this character-filled 1940s home, ideally situated on a spacious corner lot just blocks from the heart of downtown Elgin. Offering approximately 1,800 square feet of vintage charm, this property is a rare opportunity for investors, renovators, or anyone eager to restore and reimagine a timeless classic. Inside, you’ll discover original architectural details waiting to be brought back to life. Set on a generous quarter-acre lot, the property now features a newly added privacy fence, offering added separation and defined boundaries. The home is within walking distance of local shops, restaurants, parks, and schools—offering small-town convenience with unbeatable walkability. While the home does require repairs and updates, it's brimming with potential to become a unique blend of historic character and modern comfort. Don’t miss your chance to breathe new life into this downtown gem—schedule your private showing today!

Investor Tools

Property Icon
$345,427
Estimated Property Value
$0Estimated Mortgage Balance
$345,427Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,073 /month
Positive
Cash Flow Estimate:
$691 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$811/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$8,000
$345,427
2024
$154,849
$190,578
$345,427
No

Tax History

Year
Tax Paid
Assessed Value
2023
$8,000
$345,427

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$345,427
100%
0%
$0/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.

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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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505 S Avenue C | Property Details | No Agent List