CR 463, ELGIN, TX 78621
ELGIN, 78621 — williamson County
Property at a Glance
This home is estimated between $241,538 and $510,132, with a best estimate of $450,607. That places the property above the T705350I - SCO-COUPLAND median of $418,832, in a neighborhood that declined 4.1% over the past year.
Estimated Value Range
$450,607
$343,054
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 $241,538 and $510,132. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted -$62,376 for 270 sqft less living space and -$32,658 for being older. Net adjustment: -$95,034.
Adjusted -$72,541 for 314 sqft less living space and -$29,030 for being older. Net adjustment: -$101,571.
Adjusted -$66,535 for 288 sqft less living space and +$39,916 for being newer. Net adjustment: -$26,619.
Adjusted +$64,687 for 280 sqft more living space and -$21,772 for being older. Net adjustment: +$42,915.
Adjusted -$55,446 for 240 sqft less living space and +$3,629 for being newer. Net adjustment: -$51,817.
The Neighborhood
This home is valued 18.1% 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
below averageThis home is -18.1% below the subdivision median.
Tax Analysis
The estimated annual property tax is $5,808 across all districts. With a homestead exemption claimed, that drops to $4,117 — saving $1,691 per year. That's $343 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% | $3,987 |
| Williamson County | County | 0.3694% | $1,267 |
| Williamson County ESD #10 - Coupland | ESD | 0.1000% | $343 |
| Williamson County FM/Rd | County | 0.0443% | $152 |
| Lower Brushy Creek WCID | Water | 0.0169% | $58 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.6929% | $5,808 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $450,607 would pay approximately $2,813 per month (principal and interest only, excluding taxes and insurance).