1601 CR 461, ELGIN, TX 78621
ELGIN, 78621 — williamson County
Property at a Glance
This home is estimated between $24,704 and $933,281, with a best estimate of $248,622. That places the property above the AM40SDXI - MH EAST median of $179,286, in a neighborhood that declined 0.7% over the past year.
Estimated Value Range
$248,622
$151,129
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in AM40SDXI - MH EAST, this home's estimated market value is between $24,704 and $933,281. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted -$32,052 for 336 sqft less living space and +$5,953 for being newer. Net adjustment: -$26,099.
Adjusted -$21,368 for 224 sqft less living space and -$11,906 for being older. Net adjustment: -$33,274.
Adjusted -$69,445 for 728 sqft less living space and +$5,953 for being newer. Net adjustment: -$63,492.
Adjusted -$16,884 for 177 sqft less living space and +$53,575 for being newer. Net adjustment: +$36,691.
Adjusted -$64,103 for 672 sqft less living space and +$17,858 for being newer. Net adjustment: -$46,245.
The Neighborhood
This home is valued 15.7% below the AM40SDXI - MH EAST median of $179,286. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 0.7% over the past year.
AM40SDXI - MH EAST
below averageThis home is -15.7% below the subdivision median.
Tax Analysis
The estimated annual property tax is $2,559 across all districts. With a homestead exemption claimed, that drops to $904 — saving $1,655 per year. That's $75 per month a buyer should budget. The assessed value increased roughly in line with the neighborhood, so a tax protest is unlikely to yield significant savings.
Tax Districts
| District | Type | Rate | Annual Amount |
|---|---|---|---|
| Coupland ISD | School | 1.1622% | $1,756 |
| Williamson County | County | 0.3694% | $558 |
| Williamson County ESD #10 - Coupland | ESD | 0.1000% | $151 |
| Williamson County FM/Rd | County | 0.0443% | $67 |
| Lower Brushy Creek WCID | Water | 0.0169% | $26 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.6929% | $2,559 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $248,622 would pay approximately $1,552 per month (principal and interest only, excluding taxes and insurance).