1523 COUNTY ROAD 461, ELGIN, TX 78621
ELGIN, 78621 — williamson County
Property at a Glance
This home is estimated between $-15,553 and $635,017, with a best estimate of $123,959. That places the property below the AM40SDXI - MH EAST median of $179,286, in a neighborhood that declined 0.7% over the past year.
Estimated Value Range
$123,959
$120,190
Based on 5 comparable properties(4 in the same subdivision)
Based on 5 comparable properties (4 in the same subdivision, 1 nearby), the estimated range is $-15,553 and $635,017. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$16,884 for 177 sqft less living space and -$83,340 for being older. Net adjustment: -$100,224.
Adjusted -$10,684 for 112 sqft less living space and +$17,858 for being newer. Net adjustment: +$7,174.
Adjusted -$5,342 for 56 sqft less living space and -$5,953 for being older. Net adjustment: -$11,295.
Adjusted +$17,361 for 182 sqft more living space and +$5,953 for being newer. Net adjustment: +$23,314.
Adjusted -$86,520 for 907 sqft less living space and -$17,858 for being older. Net adjustment: -$104,378.
The Neighborhood
This home is valued 33.0% 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 -33.0% below the subdivision median.
Tax Analysis
The estimated annual property tax is $2,035 across all districts. With a homestead exemption claimed, that drops to $616 — saving $1,419 per year. That's $51 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% | $1,397 |
| Williamson County | County | 0.3694% | $444 |
| Williamson County ESD #10 - Coupland | ESD | 0.1000% | $120 |
| Williamson County FM/Rd | County | 0.0443% | $53 |
| Lower Brushy Creek WCID | Water | 0.0169% | $20 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.6929% | $2,035 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $123,959 would pay approximately $774 per month (principal and interest only, excluding taxes and insurance).