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$279,000

601 M L K Dr, Elgin, TX, 78621

On MarketInfo
Baths0 Bath
Baths2,366 Sq Ft
Unimproved LandUnimproved Land
price_per_sqft$116.65 / sqft

Highlights

Interior

Bathrooms 0Bathrooms 0
Garage AvailableGarage Available
CoolingCooling

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size31,320 sqft

Building Information

Garage Spaces2

Land Information

APNR13120
Lot Number15
SubdivisionS7800 - Smith, J S
Land UseResidential
Legal DescriptionSMITH, J. S., LOT 15
Census Tract950201
Assessed Land Value$170,692
Assessed Improvement Value$44,779
Assessment Year2025

About this property

4 individual lots each with a city-approved duplex ready to build! Beautiful .719 acre lot on the corner of MLK and Hall St across from Booker T Washington Elementary in Elgin. Large corner lot with access from 3 sides. There is already Electric, Sewer and Water on the property. There is a survey and the city approved plans, drawings and documentation for 4 duplexes convey with sale.

Investor Tools

$0Estimated Mortgage Balance
$276,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

Interested in this property?

Patricia Tuffentsamer

Century 21 Hellmann Stribling

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$508/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,715
$215,471
2025
$170,692
$44,779
$215,471
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,715
$215,471

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$297,000
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.

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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