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El Paso 79907 Lancaster
9309 Elgin Drive
$183,000
● House - Off Market

9309 Elgin Drive

El Paso, TX 79907
bedrooms
3 Beds
bathrooms
2 Baths
$1,017
Est. Monthly
10.12%
Cap Rate

About This Property

This beautiful cozy home is located in a well-stablished neighborhood with easy access to I-10, and loop 375. Home has 3 bedrooms and 2 full baths, refrigerated air, tile throughout the house, modern kitchen cabinets, and many more great features!  Schedule your showing today and see it in person.
Unit Size
-
Days on Market
34 days
Land Size
0.16 acres
Price per sqft
-
Property Type
House
Property Taxes
$132
HOA Dues
-
Year Built
1982

Payment Calculator

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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: 5 months ago (GEPAR MLS #893121)

Price History

Date / Event Date Event Price
Mar 20, 2024 Sold
Premium
Sold
Dec 15, 2023 Listed by ERA Sellers & Buyers Real Esta $180,000
Listed by ERA Sellers & Buyers Real Esta
May 15, 2008 Listed by Southwest Properties $92,000
Listed by Southwest Properties
Nice home with easy access to I-10 and Loop 375, close to schools and shopping. Great investement as a rental or starter home.

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1982
  • Effective Year Built: 1988
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Bathroom Plumbing Fixtures: 5
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 1
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 8
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 13
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 59
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,970
  • Total Building Area: 1,119
  • Gross Building Area: 1,119
  • Building Area: 1,119
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 2
  • Heating: 4
  • Heated Square Feet: 1,119
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 5
  • Water Service: 6

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LANCASTER #3 REPLAT A
  • Land Acres: 0000000160
  • Standard Land Use Code: 1001
  • County Land Use Code: A1
  • State Land Use Code: A1
  • Legal Description 1: 3 LANCASTER #3 LOT 5 (6970 SQ FT)

Neighborhood

  • School District Name: Ysleta Independent School District
  • Census Tract: 004004

Zoning

  • Zoning: R4

Geography

  • Assessors Map Reference: Z-47
  • Parcel: L204-999-0030-0900
  • Block: 3
  • Lot: 5
  • Municipality: CITY OF EL PASO
  • Latitude: 31.6945
  • Longitude: -106.31

    Address

  • Full Address: 9309 Elgin Dr
  • Address - House Number: 9309
  • Address - Street Name: Elgin
  • Address - Suffix Type: Dr
  • State: TX
  • City Name: El Paso
  • Carrier Code: C055
  • 4-Digit Zip Code: 4861
  • Zip Code: 79907

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $183,343
  • Initial Tax Delinquent Year: 2013
  • Tax Rate Code Area: 08

    Appraisal Valuation

  • Standard Deviation: 0.1548
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 80
  • Final Value: 183,158
  • High Value: 211,526
  • Low Value: 154,791

    Market Valuation

  • Market Total Value: $134,774
  • Market Land Value: $17,670
  • Market Improvement Value: $117,104

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $101,098

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 19, 2024
  • Current Sale Recording Date: Mar 19, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 19435
  • Previous Sale Recording Date: Dec 02, 2009
  • Previous Sale Contract Date: Nov 24, 2009
  • Previous Sale Amount: $84,600
  • Previous Sale Document Type: 70
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Lancaster

Stats & Trends

Median Asking:

$177,800

Sale Price/ft²

$0

Above Asking

0.00%

Average Days on Market

41

Average Home Size

2458 ft²

Average Home Age

58 years

Currently For Sale

2 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 9709 Vallarta Drive, El Paso, TX, 79927

$1,650 /mo

  • 3 Beds
  • 2 Baths
9709 Vallarta Drive, El Paso, TX, 79927 Listing by Sandra Luna
Unit for rent at 9127 Texas Red Drive, El Paso, TX, 79907

$1,600 /mo

  • 3 Beds
  • 2 Baths
  • 1,078 ft²
9127 Texas Red Drive, El Paso, TX, 79907 Listing by Deyanira Olivas

Rentals Near You

Click here to view more rentals in the neighborhood.
GEPAR

Listed by: Karla Santillan, ERA Sellers & Buyers Real Esta
Last Updated: 5 months ago
Data Source: GEPAR, MLS# 893121
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Greater El Paso Association of REALTORS®. Real estate listings held by brokerage firms other than RH Advisors, Inc. and RHP Realty NJ, Inc. are marked with the IDX logo or the IDX thumbnail logo and detailed information about them includes the name of the listing brokers. Listing data is deemed reliable but not guaranteed. Copyright 2026 the Greater El Paso Association of REALTORS®, MLS Inc. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 9309 Elgin Drive built and last sold?
The property at 9309 Elgin Drive was built in 1982 and last sold on Mar 19, 2024 for $183,195.
How much is this home worth?
The estimated value of the home located at 9309 Elgin Drive is $0.
What are some comparable homes to 9309 Elgin Drive?
There are currently no comparable homes to 9309 Elgin Drive.
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