Active Listing  ·  56 days on market

320 Katie Elder Dr

Jarrell, TX 76537
$265,000
2 Bed 2 Bath 1,053 sqft $252/sqft Built 2023 0.10 acres 2-Car Garage Pool Rio Lobo Ph 1

Welcome to 320 Katie Elder Drive in the desirable Sonterra community of Jarrell! Built in 2023, this beautifully maintained 2-bedroom, 2-bath home offers a bright, open-concept floor plan that’s perfect for everyday living. The spacious living area flows seamlessly into the modern kitchen featuring granite countertops, stainless steel appliances, ample cabinet space, and a breakfast bar ideal for entertaining. The private primary suite offers a walk-in closet and an en-suite bath with vanity and a walk-in shower. A second bedroom and full bath provide flexibility for guests, a home office, or additional living space. Step outside to enjoy the covered back patio and fully fenced backyard perfect for relaxing, pets, or outdoor gatherings. Additional features include a two-car attached garage, energy-efficient construction, and modern finishes throughout. Located in the growing Sonterra community, residents enjoy neighborhood amenities including a community pool, parks, playgrounds, and walking trails, all with convenient access to I-35 for an easy commute to Georgetown, Round Rock, Temple, and Austin. Whether you’re a first-time homebuyer, looking to downsize, or searching for a great investment opportunity, this move-in ready home offers comfort, convenience, and exceptional value.

At $252/sqft, this home is priced 35% above the Jarrell active market average of $186/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

320 Katie Elder Dr, Jarrell, TX 76537

Property Details

Price $265,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,053 sqft
Lot Size 0.10 acres (4,556.38 sqft)
Year Built 2023
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Rio Lobo Ph 1
County Williamson
Zip Code 76537
$/sqft $252/sqft
Days on Market ,
HOA $300/Annually
Annual Tax Est. $5,801.8
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242485257
List Date August 7, 2026
Elementary School Igo Elementary
Middle School Jarrell
High School Jarrell
School District ,

Luke Allen (TREC #788149) has deep knowledge of Jarrell and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Jarrell

Comparable Listings Right Now

Homes currently for sale in Jarrell 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
205 Paradise Canyon Dr
Cool Water Ph 2
$264,900 $203 3 bd / 2 ba 1,305 sqft , 2026-08-28
124 Dagney Ct
Schwertner Ranch
$260,935 $204 3 bd / 2 ba 1,280 sqft , 2026-07-19
104 Katie Elder Dr
Rio Lobo Ph 2
$260,000 $216 3 bd / 2 ba 1,201 sqft , 2025-11-02
220 Lucky Texan Rd
Cool Water Ph 3 Sec 1
$260,000 $208 3 bd / 2 ba 1,252 sqft , 2026-07-06
433 Stone Water Ln
Sontera
$260,000 $217 3 bd / 2 ba 1,197 sqft , 2026-08-06

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
$1,272/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
$53,000
20% conventional investment loan

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

Estimated Gross Rent+$1,272
Principal + Interest−$1,446
Property Tax (~2.1% TX avg)−$464
Insurance (~0.5%)−$110
Est. Monthly Cash Flow $-748

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 Jarrell, TX

Jarrell 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 · 30 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. This page was last updated on August 8, 2026.

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