475 CR 474, ELGIN, TX 78621
ELGIN, 78621 — williamson County
Property at a Glance
This home is estimated between $118,192 and $930,110, with a best estimate of $544,112. 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
$544,112
$211,583
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 $118,192 and $930,110. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$3,243 for 34 sqft more living space and -$121,271 for no garage. Net adjustment: -$118,028.
Adjusted +$12,401 for 130 sqft more living space and -$41,670 for being older. Net adjustment: -$29,269.
Adjusted +$23,085 for 242 sqft more living space and -$59,528 for being older. Net adjustment: -$36,443.
Adjusted -$24,993 for 262 sqft less living space and -$41,670 for being older. Net adjustment: -$66,663.
Adjusted +$27,568 for 289 sqft more living space and +$5,953 for being newer. Net adjustment: +$33,521.
The Neighborhood
This home is valued 18.0% above the AM40SDXI - MH EAST median of $179,286. With 922 homes in the subdivision, the property sits in the upper tier. Note that values in this subdivision declined 0.7% over the past year.
AM40SDXI - MH EAST
above averageThis home is +18.0% above the subdivision median.
Tax Analysis
The estimated annual property tax is $3,646 across all districts. With a homestead exemption claimed, that drops to $1,914 — saving $1,732 per year. That's $160 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% | $2,559 |
| Williamson County | County | 0.3694% | $782 |
| Williamson County ESD #10 - Coupland | ESD | 0.1000% | $212 |
| Williamson County FM/Rd | County | 0.0443% | $94 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.7234% | $3,646 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $544,112 would pay approximately $3,396 per month (principal and interest only, excluding taxes and insurance).