ActiveResidential · sale

700 County Road 466

Elgin, TX 78621

$725,000

  • 1 beds
  • 1 baths
  • 1,050 sq ft
  • 23.15 acres
  • Built 2017

Listed by eXp Realty, LLC · MLS #ACT8891550

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 2017.

Property size

23.15 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

ROOM TO BREATHE IN THE HEART OF TEXAS - Some land just feels different the moment you turn up the drive. This 23.15-acre Ag Exempt property is a true starter ranchette, blending history, natural beauty, and easy country living in a way that's hard to find this close to Austin.
The modern ranch home, built in 2017, includes an extra-tall covered area built for RVs, trucks, or equipment, plus a connected barn shell ready to finish your way. Upstairs, an unfinished flex space above the mudroom sits insulated, decked, and waiting on your vision. A cattle lease with an experienced tenant is already in place, keeping the ag exemption and tax benefits intact from day one.
Out back is where this place works a little magic. Beyond the property's own ponds, a portion of a neighboring freshwater pond lies within the back acreage, opening to beautiful views across multiple ponds and the wide Texas countryside. It's an unexpected and peaceful backdrop, with water, wildlife and wide-open sky adding to the sense of space.
Previous owners kept horses here, and the land is ready to welcome them back. The barn shell converts easily for horses, donkeys, or livestock, with room for paddocks and an arena, pasture rotation, or whatever project you've been dreaming up.
Down the road from the historic, still-active Type Church, founded in the early 1900s by Swedish immigrants, in the rich farming country of Elgin and Coupland. Those Texas sunsets from the front porch are worth the drive on their own. Come see for yourself.

THE NEIGHBORHOOD

Explore the location.

700 County Road 466, Elgin, TX 78621

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2017
Full baths
1
Half baths
0
Garage spaces
0
Cooling
Ceiling Fan(s), Central Air
Heating
Central
Appliances
Exhaust Fan, Microwave, Free-Standing Electric Range, Free-Standing Refrigerator
Flooring
Laminate, Wood
Fencing
Barbed Wire, Fenced, Gate
Pool features
None
Subdivision
SPEAR, C.C. SUR.
Parcel
07057700000002AE
Elementary school
Coupland
Middle school
Coupland Middle
High school
Taylor
Annual property tax
$6,028.03

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$3,020.83
Cap rate

Annual operating income:

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Your property and current assumptions will be included for our team to review.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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700 County Road 466, Elgin, TX 78621 · MLS #ACT8891550

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Listing information

MLS #ACT8891550 · Austin Board of Realtors

Listing brokerage: eXp Realty, LLC
Listing agent: Jill Leberknight

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.