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$315,000

1206 Lake Terrace Dr, Elgin, TX, 78621

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths1,525 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$206.56 / sqft
Year BuiltBuilt in 1961

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms 2Bathrooms 2
AppliancesDryer, Washer Dryer Stacked, Washer
FlooringCarpet, Tile, Vinyl

Exterior

Exterior FeaturesNo Exterior Steps
Lot Size14,418 sqft

Land Information

APNR8718472
Lot Number12
SubdivisionS7960 - Sunset Heights
Land UseResidential
Legal DescriptionS7960 - SUNSET HEIGHTS BLK 3 LOT 12, UNDIVIDED INTEREST 50.0000000000%
Census Tract950202
Assessed Land Value$68,333
Assessed Improvement Value$75,137
Assessment Year2025

About this property

No HOA and a great location! This charming single-story brick home offers an open, functional floor plan with inviting indoor and outdoor living spaces. The updated kitchen features ample cabinet space, stainless steel appliances, a breakfast bar, and attractive countertops, opening to the dining and living areas for easy everyday living and entertaining. The living room is accented by a beautiful brick feature wall, and the bedrooms offer ceiling fans and plenty of natural light. Situated on approximately .33 acres, the fully fenced backyard includes mature shade trees, a spacious covered patio, and additional storage sheds. The front yard features mature pecan trees, an extended driveway, and an attached carport. Conveniently located less than a mile from Highway 290 and downtown Elgin, with easy access to Bastrop, Austin-Bergstrom International Airport, downtown Austin, the Samsung facility in Taylor, and the Tesla Gigafactory. A great combination of space, location, and outdoor living, ready for its next owner to make it their own.

Investor Tools

$119,886Estimated Mortgage Balance
$84,114Estimated Equity
41% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,890 /month
Positive
Cash Flow Estimate:
$630 /month

Interested in this property?

Cecilia Whitley

Sterling & Associates R.E.

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$260/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$143,470
2025
$68,333
$75,137
$143,470
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$143,470

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Bastrop
Conventional
$137,500
No
First
Mar 23, 2020
Apr 2050

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$119,886
$84,114
41%
59%
$825/mo

City: Elgin

1206 Lake Terrace Dr | Property Details | No Agent List