763 UPPER ELGIN RIVER ROAD, ELGIN, TX 78621

Homes for sale in Elgin.

Homes for sale in 78621.


Active

List Price$800,000

763 Upper Elgin River Road

Elgin, TX 78621

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #7078737

2,200

Square Feet

Commercial

Type

About This Property

Just under 19 acres in one of Elgin's fastest-growing corridors with excellent development potential less than 30 minutes from Austin. This unrestricted property offers a strong opportunity for investors and developers with no floodplain, easy access to Elgin, Bastrop, and Tesla, and strong surrounding growth. Seller has completed preliminary work for a proposed small-lot subdivision including conceptual plans, construction drawings, and Aqua Water bid information. Existing 4-bedroom farmhouse is tenant occupied month-to-month, providing interim income potential. Ideal for residential development, investment hold, or phased project. Seller is open to a potential JV opportunity with the right buyer/developer.

Property Features

Location Information

County

Bastrop

Subdivision

Standifer, James

County

Bastrop

Directions

From downtown Elgin head west on E 2nd St toward N Main St. Turn left at the 1st cross street onto N Main St. Then turn right onto Central Ave. Continue onto Upper Elgin River Road for 3.5 miles & the property will be on your left.

Area

EL

Exterior Features

Is New Construction

No

Lot Size in Acres

18.998

Possession

Closing & Funding, Close Of Escrow

Buildings

1

Water / Sewer

Septic Tank

Has Waterfront

No

Water

Public

View

Rural

Parking Description

None

Additional Information

Other Utilities

Electricity Available, Water Available

APN

54481

Property Type

COM

Status

Active

Property SubType

Ranch

Documents Available

See Remarks

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Mortgage Calculator

$3,734

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$2,882

Monthly Tax

$666

Monthly Insurance

$186

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

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