$450,000
●
House -
Off Market
1029 Old McDade RD #A
Elgin, TX 78621
3 Beds
2 Baths
1,960 Ft²
$2,761
Est. Monthly
3.60%
Cap Rate
About This Property
Enjoy peaceful country living just minutes from downtown Elgin in
this charming single-level brick home nestled on 1.925 acres among
mature 30+ inch oak trees and fruit-bearing fig, pear, plum, and
peach trees. Thoughtfully updated with a durable steel roof, new
HVAC, water heater, oven/stove, and premium Renewal by Andersen
windows on the front of the house, this home combines comfort and
practicality. The property features a spacious 30x50
concrete-floored shop with electricity, restroom, and sink-perfect
for hobbies or home business-plus a
20x50x14 steel-covered RV structure , a large back deck with stunning sunrise views, and a fenced dog pen with pet door access to the shed. Relax in the huge above-ground pool or unwind on the covered back porch. Additional highlights include an asphalt milling driveway and a serene setting that's just minutes from local conveniences like HEB and Walmart. Conveniently located 30.4 mi from Austin Airport, 27.8 mi from DT Austin, 18 mi from Samsung.
20x50x14 steel-covered RV structure , a large back deck with stunning sunrise views, and a fenced dog pen with pet door access to the shed. Relax in the huge above-ground pool or unwind on the covered back porch. Additional highlights include an asphalt milling driveway and a serene setting that's just minutes from local conveniences like HEB and Walmart. Conveniently located 30.4 mi from Austin Airport, 27.8 mi from DT Austin, 18 mi from Samsung.
Unit Size
1,960 Ft²
Days on Market
-
Land Size
1.93 acres
Price per sqft
$230
Property Type
House
Property Taxes
$551
HOA Dues
-
Year Built
2005
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (Unlock MLS #ACT2727397)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 30, 2025 | In contract | - | |
| In contract | |||
| Apr 18, 2025 | Listed by Sterling & Associates R.E. | $450,000 | |
| Listed by Sterling & Associates R.E. | |||
Property Highlights
Garage
Parking Details
Parking Features: See Remarks, Detached
Garage Spaces: 4
Interior Details
Full Bathrooms: 2
Interior Features: Walk-In Closet(s), Multiple Living Areas, Primary Bedroom on Main
Appliances: Dishwasher, Electric Range, Exhaust Fan, Microwave
Flooring Type: Laminate, Tile
Exterior Details
Square Footage: 1960
Square Footage Source: $0
Green Sustainability
Security Features: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
Property Condition: Resale, Good
Year Built Source: Public Records
Year Built: 1970
Waterfront Features: None
Levels: One
Other Structures: See Remarks, RV/Boat Storage, Shed(s)
Window Features: See Remarks
Construction Materials: Brick
Patio and Porch Features: Covered, Deck
Pool Features: Above Ground
Pool is Private
Lot Features: Cleared, Level, Wooded
Lot Size Area: 83853
Lot Size Units: Square Feet
Lot Size Acres: 1.925
Lot Size Square Feet: 83853
Water Source: Public
Financial Details
Tax Map Number: None
Tax Assessed Value: $443,806
Tax Annual Amount: $6,607
Utilities Details
Cooling Type: Ceiling Fan(s), Electric
Heating Type: Central, Electric
Sewer : Aerobic Septic
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/03/2026
|
3 Bed
|
2 Bath
|
1369 ft²
|
$245,000
3 Bed
2 Bath
1369 ft²
|
-
-
|
Laura Oaks
All City Real Estate, Ltd. Co.
| |
|
04/18/2025
|
3 Bed
|
2 Bath
|
1960 ft²
|
$450,000
3 Bed
2 Bath
1960 ft²
|
$450,000
04/18/2025
|
Cecilia Whitley
Sterling & Associates R.E.
|
Building Info
About Bastrop
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Listed by: Cecilia Whitley
Listed Office: Sterling & Associates R.E. - Listing courtesy of Unlock MLS
Phone: (512) 281-3336
Last Updated: 2025-06-11 04:28:52
Data Source: Unlock MLS, MLS# ACT2727397
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Sterling & Associates R.E. - Listing courtesy of Unlock MLS
Phone: (512) 281-3336
Last Updated: 2025-06-11 04:28:52
Data Source: Unlock MLS, MLS# ACT2727397
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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