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$338,500

NAL Estimated Property Value

701 E 3rd ST, Elgin, TX, 78621

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,861 Sq Ft
SingleFamilyResidenceSingleFamilyResidence
price_per_sqft$181.8 / sqft
Year BuiltBuilt in 2025

Property Lead Type:

BankruptcyPre-ForeclosureOff-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDryer, Dishwasher, Electric Range, Microwave, Refrigerator, Washer
FlooringVinyl

Exterior

Private PoolPrivate Pool
Exterior FeaturesPrivate Yard
Lot Size8,451 sqft

Building Information

Garage Spaces2

Land Information

APNR11058
Lot Number21
SubdivisionEllis
Land UseResidential
Legal DescriptionELLIS, BLOCK A, LOT 21
Census Tract950201
Assessed Land Value$125,323
Assessment Year2025

About this property

Built in 2024, this beautifully crafted new construction home offers the perfect blend of modern design, functional living, and small-town Texas charm — all with NO HOA restrictions. Located in the growing Elgin community, this 3-bedroom, 2-bath residence features 1,861 square feet of thoughtfully designed open-concept living space ideal for today’s lifestyle. Step inside to soaring ceilings accented with rustic wood beams, creating a warm and inviting atmosphere filled with character and natural light. Wood-style vinyl plank flooring flows throughout the main living areas, while the spacious open layout seamlessly connects the kitchen, dining, and living spaces for effortless entertaining and everyday comfort. The kitchen is designed to impress with quartz countertops, stainless steel appliances, abundant cabinetry, and a large center island perfect for gathering, meal prep, or casual dining. The private primary suite offers a spacious retreat with room to relax, while the additional bedrooms provide flexibility for guests, a home office, fitness room, or growing household needs. Outside, enjoy a fully fenced backyard and covered patio ideal for entertaining, pets, gardening, or peaceful evenings outdoors. With no HOA, owners enjoy added freedom and flexibility for parking, storage, recreational equipment, and personalized property use — a rare find in newer construction homes. Conveniently located just minutes from Historic Downtown Elgin, local restaurants, coffee shops, parks, schools, and shopping, this home offers easy access to Hwy 290 and commuter routes into Austin, Tesla, Samsung, and surrounding Central Texas employers. Whether you're searching for a move-in-ready primary residence, investment opportunity, or modern Texas home with room to breathe, this property delivers exceptional value, style, and location in one of Central Texas’ fastest-growing areas.

Investor Tools

Property Icon
$335,000
Estimated Property Value
$0Estimated Mortgage Balance
$335,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,031 /month
Positive
Cash Flow Estimate:
$677 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$390/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,005
$125,323
2025
$125,323
N/A
$125,323
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,005
$125,323

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$335,000
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.

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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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701 E 3rd ST | Property Details | No Agent List