1501 COUNTY ROAD 491, ELGIN, TX 78621
ELGIN, 78621 — williamson County
Property at a Glance
This home is estimated between $167,607 and $979,525, with a best estimate of $378,368. 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
$378,368
$70,949
Based on 5 comparable properties(5 in the same subdivision)
Based on 5 comparable properties in AM40SDXI - MH EAST, this home's estimated market value is between $167,607 and $979,525. All 5 comparables are in the same subdivision, giving this estimate high confidence.
Comparable Properties (5)
Adjusted +$32,052 for 336 sqft more living space and -$11,906 for being older. Net adjustment: +$20,146.
Adjusted +$42,735 for 448 sqft more living space and -$29,764 for being older. Net adjustment: +$12,971.
Adjusted -$5,342 for 56 sqft less living space and -$11,906 for being older. Net adjustment: -$17,248.
Adjusted +$47,219 for 495 sqft more living space and +$35,717 for being newer. Net adjustment: +$82,936.
Adjusted -$22,417 for 235 sqft less living space and +$101,198 for being newer. Net adjustment: +$78,781.
The Neighborhood
This home is valued 60.4% 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
outlier lowThis home is -60.4% below the subdivision median.
Tax Analysis
The estimated annual property tax is $1,189 across all districts. With a homestead exemption claimed, that drops to $346 — saving $843 per year. That's $29 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% | $825 |
| Williamson County | County | 0.3694% | $262 |
| Williamson County ESD #10 - Coupland | ESD | 0.1000% | $71 |
| Williamson County FM/Rd | County | 0.0443% | $31 |
| Williamson Central Appraisal District | cad | 0.0000% | $0 |
| Total Annual Tax | 1.6760% | $1,189 | |
Mortgage Context
At today's 30-year mortgage rate of 6.38%, a buyer financing $378,368 would pay approximately $2,362 per month (principal and interest only, excluding taxes and insurance).