$460,000 Last Listed Price
●
House -
Off Market
1108 N Main Street
Elgin, TX 78621
3 Beds
3 Baths
2,921 Ft²
$468,014
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model
About This Property
Embrace vintage 1948 craftsmanship that has been enhanced,
remodeled and modernized. 3 bedrooms/3 baths with guesthouse,
currently being used as an entertainment space. Kitchen has large
eat-up island, double oven, gas stove, stainless appliances, deep
pantry, and granite counters. Counters throughout the entire home
and Detached Guest Quarters share the same granite style. The
primary bedroom is spacious enough for a sitting area. The ensuite
bath has a walk-in shower boasting two heads and double
walk-in-closets with built-ins. The hardwoods are original to the
home. The seller refinished the floors in the secondary bedrooms
and connecting hallway. The secondary bedrooms are comfortable and
feature walk-in closets. The out-building is two stories offering
an incredible amount of storage. The back yard has double gates
perfect for easy access. The home's details of highlights and
conveyances is long (including 8 hard-wired security cameras, 2
ring door bells, and 3 Nest thermostats).
Unit Size
2,921 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$157
Property Type
House
Property Taxes
$763
HOA Dues
-
Year Built
1948
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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: 4 months ago (HAR #22711935)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 20, 2023 | Sold | ||
| Sold | |||
| Apr 5, 2023 | Listed by Horizon Realty | $460,000 | |
| Listed by Horizon Realty | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| May 13, 2020 | In contract | - | |
| In contract | |||
| Apr 30, 2020 | Listed by Keller Williams - Austin NW | $352,000 | |
| Listed by Keller Williams - Austin NW | |||
| | |||
|
Gorgeous 3BR/3BTH updated home nestled on Main Street. Crown molding, wood flooring and granite countertops. Nice porches & concrete parking area can be used for outdoor entertaining. Large trees, beautiful landscaping. Separate building includes kitchen area & bath that could be used for entertaining & guests. Outbuilding for storage. Walking distance to downtown Elgin shops & dining. Easy commute to Austin, Bastrop & Round Rock. Owner has pets so must give 2 hours notice. Lockbox on faucet. The manager has listed the unit size as 2921 square feet.
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Property Highlights
Parking Available
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Elgin
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Listed by: Tangela Bailey, Horizon Realty
Last Updated: 4 months ago
Data Source: HAR , MLS# 22711935
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Last Updated: 4 months ago
Data Source: HAR , MLS# 22711935
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