Active Listing  ·  95 days on market

107 W 7th St

Elgin, TX 78621
$195,000
2 Bed 1 Bath 844 sqft $231/sqft Built 1945 0.09 acres Pool W & O

Charming 2/1 cottage just steps from historic Main Street in the heart of Elgin! Thoughtfully updated in recent years, this inviting home blends vintage character with modern touches while preserving its original warmth and charm. Features include a newer roof and windows, beautiful wood flooring, a spacious kitchen with ample storage, and an oversized bathroom created from a former third bedroom. The back deck overlooks a private, landscaped yard with mature trees, privacy fencing, and two outbuildings for added storage or workspace. Situated on two city lots, this property offers a prime location, extra outdoor space, and plenty of room to make it your own. Conveniently located minutes from Highway 290, 18 miles from Bastrop, 28 miles from Austin Airport, 25.4 miles from downtown Austin, 16.8 miles from the Samsung Factory in Taylor, and 23.6 miles from the Tesla plant.

At $231/sqft, this home is priced in line with the Elgin market average of $228/sqft across 326 active listings. View Austin market report →

Location

107 W 7th St, Elgin, TX 78621

Property Details

Price $195,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 844 sqft
Lot Size 0.09 acres (3,789.72 sqft)
Year Built 1945
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision W & O
County Bastrop
Zip Code 78621
$/sqft $231/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242282177
List Date August 9, 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 · August 9, 2026 $213,500
Current ask $195,000
▼ Reduced $18,500 (-8.7%) 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
504 W 2nd St
Elgin City
$224,999 $213 2 bd / 1 ba 1,054 sqft , 2025-05-01
519 S Martin Luther King Jr Blvd
Smith, J S
$230,000 $266 3 bd / 1 ba 864 sqft , 2025-03-01

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
$936/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
$39,000
20% conventional investment loan

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

Estimated Gross Rent+$936
Principal + Interest−$1,064
Property Tax (assumed ~2.1%)−$341
Insurance (assumed ~0.5%)−$81
Est. Monthly Cash Flow $-550

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 September 20, 2026.

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

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