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$64,000

NAL Estimated Property Value

507 Madison ST, Elgin, TX, 78621

Off MarketInfo

Highlights

Interior

Bedrooms —Bedrooms —
Bathrooms —Bathrooms —

Exterior

Lot Size958 sqft

Land Information

APNR14929
Lot Number12
SubdivisionCartwright
Land UseResidential
Legal DescriptionCARTWRIGHT, LOT 12, ACRES 0.0220
Census Tract950201
Assessed Land Value$15,774
Assessment Year2025

About this property

Located just two blocks from historic downtown Elgin this property has a ton to offer. Experience small town charm within minutes from downtown Austin, it's the best of both worlds. Shopping and restaurants are in close proximity as well as the beautiful Thomas Memorial Park. The property has mature trees and is ready and waiting for you to build your forever home. The adjacent lot 00 Madison is also available and if both are purchased together the seller would be open to a package deal. Don't pass on this amazing opportunity to own an absolute gem. Zoning on this one is R-3 for single family, duplex, and modular homes.

Investor Tools

Property Icon
$64,000
Estimated Property Value
$0Estimated Mortgage Balance
$64,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$402 /month
Positive
Cash Flow Estimate:
$134 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$138/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,339
$15,774
2025
$15,774
N/A
$15,774
No

Tax History

Year
Tax Paid
Assessed Value
2024
$1,339
$15,774

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$64,000
100%
0%
$0/mo

City: Elgin

507 Madison ST | Property Details | No Agent List