16001 FM 619, ELGIN, TX 76578
ELGIN, 76578 — williamson County
Property at a Glance
This home is estimated between $221,798 and $1,387,661, with a best estimate of $493,843. That places the property above the X006330I - THRALL ISD NON-CITY median of $447,610, in a neighborhood that appreciated 2.2% over the past year.
Estimated Value Range
$493,843
$265,936
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 $221,798 and $1,387,661. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$143,954 for 584 sqft less living space and -$22,847 for being older. Net adjustment: -$166,801.
Adjusted -$95,887 for 389 sqft less living space and +$5,712 for being newer and +$134,735 for having a garage. Net adjustment: +$44,560.
Adjusted +$32,537 for 132 sqft more living space and -$9,520 for being older and +$134,735 for having a garage. Net adjustment: +$157,752.
Adjusted -$19,720 for 80 sqft less living space and -$22,847 for being older and +$134,735 for having a garage. Net adjustment: +$92,168.
Adjusted +$55,215 for 224 sqft more living space and -$9,520 for being older and +$134,735 for having a garage. Net adjustment: +$180,430.
The Neighborhood
This home is valued 40.6% below the X006330I - THRALL ISD NON-CITY median of $447,610. That positions it competitively for buyers comparing within the neighborhood. The neighborhood appreciated 2.2% over the past year.
X006330I - THRALL ISD NON-CITY
below averageThis home is -40.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $4,628 across all districts. With a homestead exemption claimed, that drops to $2,886 — saving $1,742 per year. That's $241 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 |
|---|---|---|---|
| Thrall ISD | School | 1.2096% | $3,217 |
| Williamson County | County | 0.3694% | $982 |
| Williamson County ESD #10 - Coupland | ESD | 0.1000% | $266 |
| Williamson County FM/Rd | County | 0.0443% | $118 |
| Lower Brushy Creek WCID | Water | 0.0169% | $45 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7403% | $4,628 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $493,843 would pay approximately $3,083 per month (principal and interest only, excluding taxes and insurance).