ActiveResidential · sale

197 Elm Wood

Elgin, TX 78621

$925,000

  • 4 beds
  • 4 baths
  • 4,036 sq ft
  • 2.61 acres
  • Built 2000

Listed by Twelve Rivers Realty · MLS #ACT2816082

A FEW THINGS TO NOTICE

What stands out.

Living spaces

The kitchen flows seamlessly into the inviting living room, where a cozy fireplace creates the perfect gathering space.

Details worth a look

The beautifully landscaped grounds surround a sparkling pool, while the expansive covered porch and built-in outdoor grill create the ideal setting for relaxing evenings, weekend gatherings, and year-round entertaining.

Year built

Built in 2000.

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

THE PROPERTY

Get to know the property.

Escape to your own private retreat at 197 Elm Wood Drive in Elgin, where peaceful country living meets exceptional space and functionality. Nestled on 2.613 wooded acres, this beautifully designed 4-bedroom, 4-bathroom home offers the perfect balance of privacy, comfort, and versatility, all surrounded by mature trees that create a secluded, park-like setting.

Inside, you'll find a thoughtfully designed floor plan featuring a spacious primary suite on the main level, providing both convenience and privacy. The heart of the home is the expansive kitchen, complete with abundant cabinetry, generous counter space, and a large walk-in pantry—ideal for everyday living and effortless entertaining. The kitchen flows seamlessly into the inviting living room, where a cozy fireplace creates the perfect gathering space.

Each of the home's generously sized bedrooms offers ample room to unwind, while the bathrooms feature spacious walk-in showers designed with both comfort and style in mind. Upstairs, a versatile loft provides endless possibilities as a home office, media room, game room, or potential fifth bedroom to suit your lifestyle.

Step outside and experience your own backyard oasis. The beautifully landscaped grounds surround a sparkling pool, while the expansive covered porch and built-in outdoor grill create the ideal setting for relaxing evenings, weekend gatherings, and year-round entertaining.

Car enthusiasts, hobbyists, and those needing additional workspace will appreciate the incredible garage capacity. The attached garage offers 2 parking spaces, while a separate detached garage provides 12 additional garage bays, delivering exceptional storage, workshop potential, or room for recreational vehicles and equipment.

Offering the tranquility of country living with thoughtfully designed indoor and outdoor spaces, 197 Elm Wood Drive is a rare opportunity to own a private estate that combines comfort, versatility, and endless possibilities.

THE NEIGHBORHOOD

Explore the location.

197 Elm Wood, Elgin, TX 78621

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
2000
Full baths
4
Half baths
0
Garage spaces
14
Cooling
Ceiling Fan(s), Central Air
Heating
Central
Appliances
Built-In Oven(s), Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
Flooring
Carpet, Tile, Wood
Fencing
Wire
Accessibility
None
Pool features
In Ground, Outdoor Pool
Subdivision
The Arbors At Dogwood Creek
Parcel
80004
HOA
Goodwin Properties
HOA amenities
Common Area Maintenance
HOA fee frequency
Annually
Elementary school
Booker T Washington
Middle school
Elgin
High school
Elgin
Annual property tax
$17,253.20
HOA fee
$532.00

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$1,313.53
Estimated monthly rent$3,854.17
Cap rate1.95%

Annual operating income: $18,074.87

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

Adjust assumptions
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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197 Elm Wood, Elgin, TX 78621 · MLS #ACT2816082

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Listing information

MLS #ACT2816082 · Austin Board of Realtors

Listing brokerage: Twelve Rivers Realty
Listing agent: Edward Flores

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