$3,500,000 Last Listed Price
●
Commercial -
Off Market
162 Fredrickson Lane
Elgin, TX 78621
Studio
0 Bath
2,540 Ft²
$17,839
Est. Monthly
About This Property
Located 5 miles North of Elgin on HWY 95, this +/- 93 acres of
transitional land is situated perfectly in the enormous growth path
of Austin, Taylor and Elgin. The property currently has a 2" AQUA
water line along Fredrickson Rd servicing the house. Approximately
1500' away is the closest water main to upgrade into.
The terrain of the property is gently sloping with no major washout areas and no floodplain.
The house was designed to be maximum energy efficient with upgraded insulation, solar and full wrap around porch. The house boasts 3 bedrooms 3 baths with a detached HVAC shop on its own septic which would make an ideal mancave or commercial office. On the property is also a detached garage and barn for outdoor storage.
Fredrickson Ln is a county road but needs some upgrading. The Western boundary of the property is the Union Pacific Railroad running from Elgin to Taylor.
New Survey will be needed.
The terrain of the property is gently sloping with no major washout areas and no floodplain.
The house was designed to be maximum energy efficient with upgraded insulation, solar and full wrap around porch. The house boasts 3 bedrooms 3 baths with a detached HVAC shop on its own septic which would make an ideal mancave or commercial office. On the property is also a detached garage and barn for outdoor storage.
Fredrickson Ln is a county road but needs some upgrading. The Western boundary of the property is the Union Pacific Railroad running from Elgin to Taylor.
New Survey will be needed.
Unit Size
2,540 Ft²
Days on Market
-
Land Size
93.00 acres
Price per sqft
$1,378
Property Type
Commercial
Property Taxes
$653
HOA Dues
-
Year Built
2008
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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: 5 months ago (HAR #67101931)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 21, 2024 | Sold | ||
| Sold | |||
| Mar 7, 2023 | Listed by Keller Williams Realty Austin | $3,500,000 | |
| Listed by Keller Williams Realty Austin | |||
Property Highlights
Garage
Parking Details
Has Garage
Parking Features: Detached, Garage Door Opener
Garage Spaces: 2
Interior Details
Appliances: Disposal, Microwave, Dishwasher
Flooring Type: Wood
Exterior Details
Square Footage: 2540
Architectural Style: Ranch
Year Built: 2008
Building Area Total: 2540
Other Structures: Barn(s), Guest House, Storage Shed
Window Features: Solar Screens
Construction Materials: Stone
Lot Features: Cleared, 50 or more Acres
Lot Size Area: 93
Lot Size Units: Acres
Lot Size Acres: 93
Lot Size Square Feet: 4051080
Financial Details
Tax Annual Amount: $7,838
Utilities Details
Cooling Type: Electric
Heating Type: Heat Pump
Sewer : Septic Tank
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 |
|---|---|---|---|---|---|---|---|
|
02/20/2024
| |
Loft
|
-
|
-
|
$3,500,000
Loft
-
|
-
-
|
Matthew Gruetzner
Keller Williams - Austin SW
|
|
03/07/2023
| |
Studio
|
-
|
2540 ft²
|
$3,500,000
Studio
-
2540 ft²
|
$3,500,000
03/07/2023
|
Matthew Gruetzner
Keller Williams - Austin SW
|
Building Info
About Bastrop
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Listed by: Kasey Mock, Keller Williams Realty Austin
Last Updated: 5 months ago
Data Source: HAR , MLS# 67101931
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Last Updated: 5 months ago
Data Source: HAR , MLS# 67101931
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