Active Listing  ·  56 days on market

104 Cates Cv

Elgin, TX 78621
$279,900
3 Bed 3 Bath 1,547 sqft $181/sqft Built 2019 0.15 acres 2-Car Garage Pool Saratoga Farms

QUALIFIED BUYERS MAY BE ABLE TO PURCHASE THIS HOME WITH NO MONEY OUT OF POCKET! Multiple financing and assistance programs may be available to help eligible buyers with down payment and closing costs, including a potential $5,000 Chase Homebuyer Grant when financing through Chase. In addition, the seller is offering up to 3% of the sales price toward a buyer’s allowable closing costs, prepaid expenses, and/or interest-rate buydown. Actual funds required and available assistance will vary based on the buyer’s qualifications, loan program, and individual circumstances. Subject to loan approval, program and grant eligibility, appraisal, and lender limits.

Exceptionally well maintained and lightly lived-in, this 2019-built, 3-bedroom, 2.5-bath home offers a nearly new, move-in-ready feel. Features include an attached garage, carpet-free flooring throughout, masonry accents, and a wonderfully spacious back deck—an inviting extension of the living area and a feature that truly sets this home apart. Conveniently located in Elgin. Buyer and buyer’s agent to independently verify all information, including room and property dimensions; measurements are deemed reliable but not guaranteed.

At $181/sqft, this home is 21% 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

104 Cates Cv, Elgin, TX 78621

Property Details

Price $279,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,547 sqft
Lot Size 0.15 acres (6,534 sqft)
Year Built 2019
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Saratoga Farms
County Bastrop
Zip Code 78621
$/sqft $181/sqft
Days on Market ,
HOA $50/Quarterly
Annual Tax Est. $5,610.76
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT246378405
List Date September 17, 2026
Elementary School Elgin
Middle School Elgin
High School Elgin
School District Elgin ISD

Elgin ISD

Elgin · 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 · September 17, 2026 $289,500
Current ask $279,900
▼ Reduced $9,600 (-3.3%) 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
1114 W 2nd St
Sunset Heights
$280,000 $154 3 bd / 2 ba 1,824 sqft , 2026-06-25
1133 N Avenue C None
Martinson
$276,500 $145 4 bd / 3 ba 1,901 sqft , 2026-07-11
148 Gullivers Dr
Trinity Ranch Ph 1, Sec
$275,000 $175 3 bd / 2 ba 1,567 sqft , 2026-03-25
110 W Point Way
Saratoga Farms Sub Sec
$275,000 $186 3 bd / 2 ba 1,479 sqft , 2026-10-06
214 Hornet St
Trinity Ranch
$274,990 $214 3 bd / 2 ba 1,283 sqft , 2026-05-15

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
$1,344/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
$55,980
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (assumed ~2.1%)−$490
Insurance (assumed ~0.5%)−$117
Est. Monthly Cash Flow $-791

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 7, 2026.

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

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