22
Map
$299,990
↓ $5K (1.8%)
●
House -
For Sale
408 Sullivan WAY
Elgin, TX
4 Beds
2 Baths
1,924 Ft²
$1,509
Est. Monthly
$35
HOA / Fees
About This Property
NEW CONSTRUCTION BY CENTEX HOMES! Available Dec 2025! The 4
bedroom, one-story Chatfield plan has a great open concept design
with island kitchen that overlooks its cafe and gathering area.
Lowest Tax Rate in Elgin Tx!
Unit Size
1,924 Ft²
Days on Market
-
Land Size
0.12 acres
Price per sqft
$156
Property Type
House
Property Taxes
-
HOA Dues
$35
Year Built
-
Listed By
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Cap Rate Calculator
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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: 23 days ago (Unlock MLS #ACT3434700)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 12, 2026 | Price Decreased |
$299,990
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Aug 28, 2026 | Relisted | $305,390 | |
| Relisted | |||
| Aug 11, 2026 | In contract | - | |
| In contract | |||
| Jul 12, 2026 | Price Decreased |
$309,990
↓ $6K
(1.9%) | |
| Price Decreased | |||
| Dec 3, 2025 | Price Decreased |
$315,990
↓ $13K
(3.8%) | |
| Price Decreased | |||
Show More
Property Highlights
Air Conditioning
Garage
Parking Details
Has Garage
Parking Features: Attached, Garage, Garage Door Opener
Garage Spaces: 2
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Tray Ceiling(s), Double Vanity, Kitchen Island, Open Floorplan, Pantry, Smart Home, Walk-In Closet(s), High Speed Internet, Quartz Counters, No Interior Steps, Primary Bedroom on Main
Appliances: Dishwasher, Gas Range, Stainless Steel Appliance(s), Water Heater
Flooring Type: Carpet, Vinyl
Exterior Details
Square Footage: 1924
Square Footage Source: $0
Green Sustainability
Security Features: Smoke Detector(s)
Property Condition: Under Construction
Year Built Source: Builder
Year Built: 2025
Waterfront Features: None
Builder Name: Centex Homes
Levels: One
Other Structures: None
Window Features: ENERGY STAR Qualified Windows
Construction Materials: HardiPlank Type, Masonry – Partial
Patio and Porch Features: Patio
Pool Features: None
Lot Features: Level, Sprinklers In Rear, Sprinklers In Front, Wooded, Sprinklers On Side
Lot Size Area: 5357.88
Lot Size Units: Square Feet
Lot Size Acres: 0.123
Lot Size Square Feet: 5357.88
Lot Size Dimensions: 45 x 120
Water Source: Public
Financial Details
Tax Assessed Value: $7,500
Utilities Details
Cooling Type: Ceiling Fan(s), Central Air
Heating Type: Central
Sewer : Public Sewer
Location Details
HOA/Condo/Coop Fee Includes: Maintenance Grounds
HOA Fee: $35
HOA Fee Frequency: Monthly
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 |
|---|
Similar Homes for Sale
Currently no similar homes around
Listed by: Matt Menard
Listed Office: ERA Experts - Listing courtesy of Unlock MLS
Phone: (512) 270-4765
Last Updated: 2026-09-12 04:03:57
Data Source: Unlock MLS, MLS# ACT3434700
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: ERA Experts - Listing courtesy of Unlock MLS
Phone: (512) 270-4765
Last Updated: 2026-09-12 04:03:57
Data Source: Unlock MLS, MLS# ACT3434700
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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