581 COUNTY ROAD 462, ELGIN, TX 78621
ELGIN, 78621 — williamson County
Property at a Glance
This home is estimated between $293,146 and $1,032,295, with a best estimate of $800,123. 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
$800,123
$399,736
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 $293,146 and $1,032,295. More comparables in the same subdivision would strengthen this estimate.
Comparable Properties (5)
Adjusted +$92,409 for 400 sqft more living space and +$54,431 for being newer. Net adjustment: +$146,840.
Adjusted -$158,482 for 686 sqft less living space and -$3,629 for being older. Net adjustment: -$162,111.
Adjusted -$1,386 for 6 sqft less living space and -$3,629 for being older. Net adjustment: -$5,015.
Adjusted -$17,327 for 75 sqft less living space and +$10,886 for being newer. Net adjustment: -$6,441.
Adjusted +$30,495 for 132 sqft more living space and +$10,886 for being newer. Net adjustment: +$41,381.
The Neighborhood
This home is valued 4.6% 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
typicalThis home is -4.6% below the subdivision median.
Tax Analysis
The estimated annual property tax is $6,767 across all districts. With a homestead exemption claimed, that drops to $5,066 — saving $1,701 per year. That's $422 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% | $4,646 |
| Williamson County | County | 0.3694% | $1,477 |
| Williamson County ESD #10 - Coupland | ESD | 0.1000% | $400 |
| Williamson County FM/Rd | County | 0.0443% | $177 |
| Lower Brushy Creek WCID | Water | 0.0169% | $68 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.6929% | $6,767 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $800,123 would pay approximately $4,994 per month (principal and interest only, excluding taxes and insurance).