$499,000
SOLD JUN 6, 2025
Last list price

505 Highway 290 E Elgin, TX 78621

5 Beds
5 Baths
3,352 Sq Ft
11,238 Sq Ft Lot

Recently Sold

$149 Per Sq Ft

55 Days on Market

Highlights

  • Above Ground Pool
  • North Facing Home
  • Carpet
  • No HOA
  • Level Lot

About This Home

As of June 2025

This prime 0.258-acre property with Highway 290 frontage offers unbeatable location and is move-in ready! Perfect for investors, this property features 5 units— lots of potential you could live in one unit and rent out the other 4 or rent all 5 units—providing excellent income potential. The upstairs west unit has previously rented for $1,200, while the other 4 units could bring in $700 each. Please note, the functionality of the pool is unknown. The property is being sold "As Is," and the condition is perfect for someone looking to maximize rental income. Don't miss out on this fantastic opportunity! Conveniently located less than a mile from the Heart of downtown Elgin, 18 mi from Bastrop, 25 mi from downtown Austin, 28 mi from Austin International Airport, 17.5 mi from Samsung Factory in Taylor, 23.6 miles from the Tesla plant.

Last Agent to Sell the Property

Cecilia Whitley

Sterling & Associates R.E. Brokerage Phone: (512) 281-3336 License #0678862 Listed on: 03/26/2025

Last Buyer's Agent

Heena Raval

Pacesetter Properties License #0647815

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1960

Lot Details

  • 11,238 Sq Ft Lot
  • North Facing Home
  • Level Lot
  • Property is in good condition

Home Design

  • Slab Foundation
  • Metal Roof

Interior Spaces

  • 3,352 Sq Ft Home
  • 2-Story Property
  • Blinds
  • Carpet

Kitchen

  • Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • 5 Full Bathrooms

Parking

  • 10 Parking Spaces
  • Outside Parking

Pool

  • Above Ground Pool

Schools

  • Booker T Washington Elementary School
  • Elgin Middle School
  • Elgin High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Private Water Source
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 14185

Community Details

Overview

  • No Home Owners Association
  • Stoval Subdivision

Amenities

  • No Laundry Facilities

Home Details

Home Type

Single Family

Year Built

Built in 1960

Lot Details

0.26 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Year Built: 1960
  • Additional Parcels: No
  • Direction Faces: North
  • Directions: From Austin take Hwy 290 to Elgin. Property will be on right side of Hwy 290 past HWY 95
  • Disclosures: Lead Base Paint Addendum
  • Fencing: None
  • Green Energy Efficient: None
  • Green Sustainability: None
  • Levels: Two
  • Living Area: 3352
  • Other Structures: None
  • Special Listing Conditions: Estate
  • Attribution Contact: (512) 281-3336
  • ETJ Extra Territorial Jurdn: No
  • Estimated Taxes: 8801.42
  • FEMA Flood Plain: No
  • Current Price Lot Size Squ: 31.14
  • Current Price By Living Ar: 104.42
  • "Current Price By Original ": 0.70
  • List Price Lot Size Square: 44.40
  • List Price By Living Area: 148.87
  • List Price By Original Lis: 1.00
  • Restrictions: See Remarks
  • Tax Exemptions: None
  • Special Features: None

Interior Features

  • Interior Amenities: Interior Steps, See Remarks
  • View: None
  • Flooring: Carpet, See Remarks
  • Accessibility Features: None
  • Appliances: Electric Cooktop, Oven
  • Main Level Bedrooms: 3
  • Property Condition: Resale, Good
  • Spa Features: None
  • Window Features: Blinds
  • Laundry Location: None

Beds/Baths

  • Full Bathrooms: 5
  • Bedrooms: 5

Exterior Features

  • Exterior Features: None
  • Roof: Metal
  • Foundation: Slab
  • Patio And Porch Features: None
  • Pool Features: Above Ground, See Remarks
  • Private Pool: Yes
  • Waterfront Features: None
  • Waterfront: No

Garage/Parking

  • Parking Features: Outside
  • Total Parking Spaces: 10

Utilities

  • Sewer: Septic Tank
  • Utilities: Electricity Available
  • Heating: See Remarks
  • Water Source: Private
  • Cooling: Wall/Window Unit(s)

Association/Amenities

  • Association: No
  • Community Features: None

Schools

  • Elementary School: Booker T Washington
  • High School: Elgin
  • Middle/Junior School: Elgin
  • Junior High Dist: Elgin ISD

Lot Info

  • Lot Features: Level
  • Parcel Number: 14185
  • Lot Size Acres: 0.258
  • Lot Size Sq Ft: 11238.48
  • Subdivision Name: Stoval

Building Info

  • Construction Materials: Other
  • New Construction: No

Tax Info

  • Tax Year: 2011
  • Tax Rate: 1.82700000000000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2025
Closed on
Jun 5, 2025
Sold by
Ellis Chelsea and Perkins Ernest Eugene
Bought by
Bbjm Inc
Seller's Agent
Cecilia Whitley
Sterling & Associates R.E.
Buyer's Agent
Heena Raval
Pacesetter Properties
List Price
$499,000
Views
115
Current Estimated Value
$386,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.75%

Purchase Details

Closed on
Jan 11, 2006
Sold by
Gilbert Lee
Bought by
Perkins Ernest E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
6.1%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Independence Title
Vendors Lien -- None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $130,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2025 06/06/25 Sold -- -- --
03/26/2025 03/26/25 For Sale $499,000 +53.5% $149 / Sq Ft
10/02/2013 10/02/13 Sold -- -- -- View Prior Sale
06/19/2013 06/19/13 Pending -- -- --
07/17/2012 07/17/12 For Sale $325,000 -- $1,451 / Sq Ft
Source: Unlock MLS (Austin Board of REALTORS®)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,801 $385,376 $99,505 $285,871
2023 $8,801 $473,536 $89,503 $384,033
2022 $9,768 $485,626 $93,693 $391,933
2021 $8,051 $361,600 $83,165 $278,435
2020 $6,248 $272,450 $35,667 $236,783
2019 $6,794 $292,253 $35,592 $256,661
2018 $5,538 $237,630 $12,863 $224,767
2017 $5,623 $240,757 $8,514 $232,243
2016 $4,834 $206,955 $7,740 $199,215
2015 $3,756 $173,872 $7,740 $166,132
2014 $3,756 $158,966 $5,934 $153,032
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Unlock MLS (Austin Board of REALTORS®)

MLS Number: 9246435

Unlock MLS (Austin Board of REALTORS®)

APN: 14185

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