28
Map
$315,000
●
House -
For Sale
1206 Lake Terrace DR
Elgin, TX 78621
3 Beds
2 Baths
1,525 Ft²
$1,822
Est. Monthly
About This Property
No HOA and a great location! This charming single-story brick home
offers an open, functional floor plan with inviting indoor and
outdoor living spaces. The updated kitchen features ample cabinet
space, stainless steel appliances, a breakfast bar, and attractive
countertops, opening to the dining and living areas for easy
everyday living and entertaining. The living room is accented by a
beautiful brick feature wall, and the bedrooms offer ceiling fans
and plenty of natural light. Situated on approximately .33 acres,
the fully fenced backyard includes mature shade trees, a spacious
covered patio, and additional storage sheds. The front yard
features mature pecan trees, an extended driveway, and an attached
carport. Conveniently located less than a mile from Highway 290 and
downtown Elgin, with easy access to Bastrop, Austin-Bergstrom
International Airport, downtown Austin, the Samsung facility in
Taylor, and the Tesla Gigafactory. A great combination of space,
location, and outdoor living, ready for its next owner to make it
their own.
Unit Size
1,525 Ft²
Days on Market
-
Land Size
0.33 acres
Price per sqft
$207
Property Type
House
Property Taxes
$275
HOA Dues
-
Year Built
1961
Listed By
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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: 26 days ago (Unlock MLS #ACT7180357)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 25, 2026 | Listed by Sterling & Associates R.E. | $315,000 | |
| Listed by Sterling & Associates R.E. | |||
Property Highlights
Air Conditioning
Parking Details
Has Carport
Parking Features: Attached Carport, Carport
Interior Details
Full Bathrooms: 2
Interior Features: Breakfast Bar, Ceiling Fan(s), No Interior Steps, Primary Bedroom on Main
Appliances: Washer/Dryer, Washer/Dryer Stacked
Flooring Type: Carpet, Tile, Vinyl
Exterior Details
Square Footage: 1525
Square Footage Source: $0
Green Sustainability
Security Features: Smoke Detector(s)
Property Condition: Resale
Year Built Source: Owner
Year Built: 1961
Waterfront Features: None
Levels: One
Other Structures: Shed(s)
Window Features: Screens
Construction Materials: Brick Veneer
Patio and Porch Features: Covered, Patio
Pool Features: None
Lot Features: Level, Wooded, Many Trees
Lot Size Area: 14400.94
Lot Size Units: Square Feet
Lot Size Acres: 0.3306
Lot Size Square Feet: 14400.94
Water Source: Public
Financial Details
Tax Map Number: 12
Tax Assessed Value: $135,911
Tax Annual Amount: $3,301
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central, Wall Furnace
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
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Closing Price
Sold On
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HOA + Taxes
About Sunset Heights
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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: 2026-09-26 04:07:01
Data Source: Unlock MLS, MLS# ACT7180357
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: 2026-09-26 04:07:01
Data Source: Unlock MLS, MLS# ACT7180357
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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