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$375,000

Beds
3
Baths
2.0
sq ft
1,360

309 Central Ave, Elgin, TX 78621

309 Central Ave

Elgin, TX 78621

  • 317 days on market
    • Price drop $25,000↓
OPPORTUNITY, OPPORTUNITY, OPPORTUNITY!! Over a quarter of an acre located seconds from Downtown Elgin! This .359 Acre lot is ready for your next business adventure. Being zoned special use this lot can be used for commercial or residential use! With the expansion of Veterans Park this is the perfect location for foot traffic. The city of Elgin is very active in developing the downtown area and they have a ton of events and plans. This property is ideally situated to offer exceptional visibility and convenient access, making it a valuable investment for entrepreneurs and enterprises looking to establish a presence in a dynamic business environment. Embrace the potential for growth, visibility, and success that this property has to offer. Current structure can be torn down to start anew with concrete slab/slabs and utilities already in place. Possibilities include duplex's, income producing business, and more. The possibilities and endless!

Details

Property type

Single Family Residence

Est. home value

$272,543

Lot size

0.359 acres

Price per sq ft

$276

Year built

1890

Annual property taxes

$4,936

Price History

02/12/2024
Austin

Austin #4649843

Price change
$375,000
-6.25%
11/07/2023
Austin

Austin #4649843

Listed
$400,000

Schools & Community

Elementary school: 

Elgin

Middle school: 

Elgin

High school: 

Elgin

Community features: 

None

High school district: 

Elgin ISD

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Royal United Mortgage Llc

Loan start date

February 2017

Original loan amount

$88,200

Est. remaining balance

Not provided

Interest rate

4.2%

Loan type

Stand Alone First, 20 year

Seller

John Pace and Sherril Pace

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/20/2024 at 1:20 AM

Listing updated: 07/19/2024 at 9:31 AM

Listed by: Leighton Lundgren, Rainey Real Estate Phone #: (512) 925-5819

MLS: Austin #4649843

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