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$800,000

763 Upper Elgin River Road, TX, 78621

On MarketInfo
Just AddedInfo
CommercialInfo
Beds3 Beds
Baths2 Bath
Baths2,100 Sq Ft
CommercialCommercial
price_per_sqft$380.95 / sqft
Year BuiltBuilt in 1940

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1.5Bathrooms Full 1.5
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling

Exterior

Lot Size1 acre

Building Information

Year Built1940
Stories1
Roof Type112
Garage Spaces2

Land Information

APNR12121
SubdivisionStandifer, James
Land UseResidential
Legal DescriptionA60 STANDIFER, JAMES, ACRES 1.0000
Census Tract950101
Assessed Land Value$20,278
Assessed Improvement Value$137,138
Assessment Year2025

About this property

Just under 19 acres in Elgin, Texas featuring a charming white farmhouse full of character, offering 4 bedrooms and 2 bathrooms. The land is set up perfectly for country living with mature trees, a large pond, and fencing in place, making it ideal for cattle, horses, or other livestock. With no restrictions, you have the freedom to build additional homes, create a family compound, or use the property however you choose. There is no floodplain, adding to the usability and value of the land. Conveniently located with easy access to Elgin and Bastrop and less than 30 minutes from Austin, this property offers the best of peaceful country living with nearby amenities. Whether you’re looking for a homestead, recreational property, or future investment with subdivision potential, this is a versatile opportunity in a growing area.

Investor Tools

$0Estimated Mortgage Balance
$500,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

Interested in this property?

Kaylee Sutton

Land Unlimited

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$490/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,378
$157,416
2025
$20,278
$137,138
$157,416
No

Tax History

Year
Tax Paid
Assessed Value
2024
$3,378
$157,416

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$500,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
N/A
+$2,088/mo
5.0%

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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763 Upper Elgin River Road | Property Details | No Agent List