Active Listing  ·  335 days on market

304 S Main St

Elgin, TX 78621
$250,000
3 Bed 2 Bath 1,510 sqft $166/sqft Built 1940 0.13 acres Pool ELGIN CITY 003

STOP SCROLLING! THIS ELGIN GEM JUST GOT EVEN BETTER!

NEW PRICE: $250,000 — PRICED AT RECENT APPRAISED VALUE!

And here's the bonus! A 1% lender credit available to buy down your interest rate or help cover closing costs, with lender approval!

Welcome to 304 S. Main Street in Elgin, TX! From the charming white picket fence to the beautiful arched doorways, wood and tile flooring, and spacious living areas, this home is full of character!

Just minutes from historic downtown Elgin, enjoy small-town charm with shopping and dining nearby.

The seller is ready to make a deal! Offered as-is, this is an opportunity you don't want to miss!

Great price. Valuable lender incentive. Motivated seller.

Don't let someone else beat you to it! Call today to schedule your private showing!

At $166/sqft, this home is 27% 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

304 S Main St, Elgin, TX 78621

Property Details

Price $250,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,510 sqft
Lot Size 0.13 acres (5,706.36 sqft)
Year Built 1940
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision ELGIN CITY 003
County Bastrop
Zip Code 78621
$/sqft $166/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $6,361.72
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT213417244
List Date December 12, 2025
Elementary School Booker T Washington
Middle School Elgin
High School Elgin
School District Elgin ISD

Elgin ISD

Booker T Washington · 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.

Schedule a Call →

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 · December 12, 2025 $310,000
Previous ask $254,000
Current ask $250,000
▼ Reduced $60,000 (-19.4%) 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
210 LOESCH Dr
ELGIN MEADOWS
$249,999 $154 3 bd / 2 ba 1,625 sqft , 2026-05-15
319 McClendon Dr
Elgin Meadows
$249,990 $136 3 bd / 2 ba 1,834 sqft , 2026-10-29
709 W 11TH St
SUNSET HEIGHTS
$245,000 $175 3 bd / 1 ba 1,400 sqft , 2026-02-26
222 Hornet St
Trinity Ranch
$259,990 $216 3 bd / 2 ba 1,202 sqft , 2026-05-26
444 Lucky Ave
Trinity Ranch
$262,935 $205 3 bd / 2 ba 1,283 sqft , 2026-01-21

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
$1,200/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
$50,000
20% conventional investment loan

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

Estimated Gross Rent+$1,200
Principal + Interest−$1,364
Property Tax (assumed ~2.1%)−$438
Insurance (assumed ~0.5%)−$104
Est. Monthly Cash Flow $-706

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 6, 2026.

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

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