Active Listing  ·  290 days on market

102 Stubblefield Dr

Elgin, TX 78621
$199,500
3 Bed 2 Bath 1,647 sqft $121/sqft Built 1985 0.24 acres 1-Car Garage Pool Elgin Meadows

This single-family residence offers an inviting home ready to welcome its residents. The living room serves as the heart of the home, offering a space to gather and unwind, with a rock fireplace that promises cozy evenings and where the vaulted ceiling enhances the sense of spaciousness. The primary bedroom provides a private retreat with the convenience of an ensuite bathroom. This property features three bedrooms and two bathrooms, along with the practical convenience of a laundry room, a one-car garage. There is also a hobby room with an office area off to the side for additional space. And an additional one car garage/workshop in the back yard. The fenced backyard and patio create an outdoor living space, complemented by a fire pit for memorable gatherings. This property presents an opportunity to embrace comfortable living with its blend of functional features and inviting spaces.

At $121/sqft, this home is 47% below the Elgin active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

102 Stubblefield Dr, Elgin, TX 78621

Property Details

Price $199,500
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,647 sqft
Lot Size 0.24 acres (10,345.5 sqft)
Year Built 1985
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Elgin Meadows
County Bastrop
Zip Code 78621
$/sqft $121/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,634.02
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT217367956
List Date January 26, 2026
Elementary School Harvest Ridge
Middle School Elgin
High School Elgin
School District Elgin ISD

Elgin ISD

Harvest Ridge · Elgin · Elgin

Luke Allen (TREC #788149) has deep knowledge of Elgin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · January 26, 2026 $240,000
Previous ask $203,500
Current ask $199,500
▼ Reduced $40,500 (-16.9%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Elgin

Comparable Listings Right Now

Homes currently for sale in Elgin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
610 Mogonye Ln
Mogonye
$195,000 $149 2 bd / 1 ba 1,306 sqft , 2026-09-16
207 Wilderness Trl
Shenandoah Sub Ph T
$204,900 $142 3 bd / 2 ba 1,445 sqft , 2026-10-23
224 Winnowing Ln
Harvest Ridge
$192,960 $167 3 bd / 3 ba 1,153 sqft , 2026-09-22
322 McClendon Dr
Elgin Meadows
$209,000 $142 4 bd / 2 ba 1,469 sqft , 2026-10-20
108 Irene St
Dannelley
$214,999 $152 3 bd / 2 ba 1,412 sqft , 2026-10-29

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$958/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$39,900
20% conventional investment loan

Monthly Cash Flow Breakdown (assumes 20% down · 7.25% rate)

Estimated Gross Rent+$958
Principal + Interest−$1,089
Property Tax (assumed ~2.1%)−$349
Insurance (assumed ~0.5%)−$83
Est. Monthly Cash Flow $-563

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Elgin, TX

Elgin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 41 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. The written content was last updated on November 2, 2026.

📞 (254) 718-2567 [email protected] More about Luke →

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