Active Listing  ·  319 days on market

305 Maple Ln

Elgin, TX 78621
$199,000
3 Bed 2 Bath 1,304 sqft $153/sqft Built 1997 0.25 acres 2-Car Garage Pool Hillside Sub

Welcome home to this charming property nestled on a quiet street in the heart of Elgin, TX. From the moment you arrive, you’ll appreciate the spacious front yard, offering plenty of room to relax, garden, or enjoy curb appeal that truly stands out. Inside, the home offers a warm and inviting layout filled with natural light and comfortable living spaces, perfect for everyday living or entertaining. The backyard is cozy and manageable, ideal for low-maintenance outdoor enjoyment without the upkeep of a large lot.

Conveniently located near downtown Elgin, schools, shopping, dining, and major highways, this home blends small-town charm with easy access to everything you need. Whether you’re a first-time buyer, downsizing, or looking for a smart investment, 305 Maple Ln is full of potential and ready for its next chapter.

At $153/sqft, this home is 33% 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

305 Maple Ln, Elgin, TX 78621

Property Details

Price $199,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,304 sqft
Lot Size 0.25 acres (10,998.9 sqft)
Year Built 1997
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hillside Sub
County Bastrop
Zip Code 78621
$/sqft $153/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,189.58
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT213972941
List Date December 28, 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.

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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 · December 28, 2025 $285,000
Previous ask $210,000
Current ask $199,000
▼ Reduced $86,000 (-30.2%) 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
108 Irene St
Dannelley
$214,999 $152 3 bd / 2 ba 1,412 sqft , 2026-10-29
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
304 S Main St
ELGIN CITY 003
$250,000 $166 3 bd / 2 ba 1,510 sqft , 2025-12-12

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
$955/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
$39,800
20% conventional investment loan

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

Estimated Gross Rent+$955
Principal + Interest−$1,086
Property Tax (assumed ~2.1%)−$348
Insurance (assumed ~0.5%)−$83
Est. Monthly Cash Flow $-562

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 27, 2026.

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

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