2401 CR 463, ELGIN, TX 78621
ELGIN, 78621 — williamson County
Property at a Glance
This home is estimated between $-133,607 and $708,262, with a best estimate of $-83,914. That places the property below the T705350I - SCO-COUPLAND median of $418,832, in a neighborhood that declined 4.1% over the past year.
Estimated Value Range
$-83,914
$25,245
Based on 5 comparable properties(3 in the same subdivision)
Based on 5 comparable properties (3 in the same subdivision, 2 nearby), the estimated range is $-133,607 and $708,262. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$48,746 for 211 sqft less living space and +$87,089 for being newer. Net adjustment: +$38,343.
Adjusted +$27,723 for 120 sqft more living space and -$235,866 for being older. Net adjustment: -$208,143.
Adjusted -$18,482 for 80 sqft less living space and -$145,148 for being older. Net adjustment: -$163,630.
Adjusted +$462 for 2 sqft more living space and -$232,238 for being older. Net adjustment: -$231,776.
Adjusted -$259,440 for 1,123 sqft less living space and -$94,347 for being older. Net adjustment: -$353,787.
The Neighborhood
This home is valued 94.0% below the T705350I - SCO-COUPLAND median of $418,832. That positions it competitively for buyers comparing within the neighborhood. Note that values in this subdivision declined 4.1% over the past year.
T705350I - SCO-COUPLAND
outlier lowThis home is -94.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $427 across all districts. With a homestead exemption claimed, that drops to $116 — saving $311 per year. That's $10 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% | $293 |
| Williamson County | County | 0.3694% | $93 |
| Williamson County ESD #10 - Coupland | ESD | 0.1000% | $25 |
| Williamson County FM/Rd | County | 0.0443% | $11 |
| Lower Brushy Creek WCID | Water | 0.0169% | $4 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.6929% | $427 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $-83,914 would pay approximately $-524 per month (principal and interest only, excluding taxes and insurance).