Active Listing  ·  118 days on market

12317 Token Trl

Elgin, TX 78621
$227,900
3 Bed 2 Bath 1,299 sqft $175/sqft Built 2022 0.11 acres 2-Car Garage Pool Peppergrass Ph 2

Discover the perfect blend of comfort and convenience in this captivating single-story residence, ideally situated in the heart of Elgin. This charming home features a welcoming stone and wood siding facade, setting a picturesque tone for its inviting interior. Inside, an open-concept living space awaits, boasting modern vinyl flooring and abundant natural light. The well-appointed kitchen is a chef's delight, showcasing a spacious granite-topped island, modern stainless steel appliances including a dishwasher, microwave, range, and refrigerator, all complemented by stylish recessed lighting. Plush carpeting in the bedrooms offers a serene retreat with ample natural illumination. The primary bathroom features a generous walk-in shower with subway tile and ample vanity space. A secondary bathroom includes a sparkling bathtub with an overhead shower. This home also offers a dedicated utility area with full-size washer and dryer hookups. Step outside to a private, fenced backyard featuring a covered patio, perfect for outdoor enjoyment and relaxation. With an attached garage and a neatly manicured lawn, this property provides an exceptional living experience in a desirable neighborhood.

At $175/sqft, this home is 23% 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

12317 Token Trl, Elgin, TX 78621

Property Details

Price $227,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,299 sqft
Lot Size 0.11 acres (4,922.28 sqft)
Year Built 2022
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Peppergrass Ph 2
County Bastrop
Zip Code 78621
$/sqft $175/sqft
Days on Market ,
HOA $99/Quarterly
Annual Tax Est. $6,437.2
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240233611
List Date July 17, 2026
Elementary School Neidig
Middle School Elgin
High School Elgin
School District Elgin ISD

Elgin ISD

Neidig · 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 · July 17, 2026 $249,900
Previous ask $229,900
Current ask $227,900
▼ Reduced $22,000 (-8.8%) 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
181 Cider Creek Dr
Harvest Ridge
$229,160 $161 3 bd / 3 ba 1,419 sqft , 2026-06-05
14513 Sage Bloom Ln
Eagles Landing
$232,466 $145 3 bd / 3 ba 1,605 sqft , 2026-07-24
804 Lavaca Loop
County Line Sub Ph
$235,000 $170 3 bd / 2 ba 1,379 sqft , 2026-05-01
405 Bandara Woods Blvd
County Line Sub Ph
$235,000 $140 3 bd / 2 ba 1,673 sqft , 2026-09-17
116 Blue Ridge Trl
Shenandoah Ph 01
$219,000 $169 3 bd / 2 ba 1,296 sqft , 2026-05-08

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
$1,094/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
$45,580
20% conventional investment loan

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

Estimated Gross Rent+$1,094
Principal + Interest−$1,244
Property Tax (assumed ~2.1%)−$399
Insurance (assumed ~0.5%)−$95
Est. Monthly Cash Flow $-644

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 October 4, 2026.

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

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