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    1040 Elm Crest Dr New Ulm, TX 78950

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    For Sale
    $625,000

    15-acre property with pond, mobile home, and ag exemption.

    Lot size:
    15.00 Acres

    Property Features for 1040 Elm Crest Dr

    General Information

    Lot size
    15.00 Acres

    Building Details

    Year built
    1994

    Source: Bill Johnson & Assoc. Real Estate Agent Tiffany Richardson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Colorado County Acreage with Pond

    This property features approximately 15 acres in Colorado County, offering a mix of mature trees and open pastures, along with a stocked pond. It includes a well-maintained 3/2 mobile home, which has a new roof and an elevated back sundeck. The property is currently under an agricultural exemption and includes perimeter and cross fencing. Two water wells are present, along with a small barn for animal shelter. The lots are situated next to Cedarcrest Lake. The property is located in Elm Crest.
    Location Intelligence

    Current Use by Public Records

    Ranches

    Suggested Use

    Car Rental

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Ulm
    County
    Austin
    State
    Texas
    Longitude
    -96.494514
    Latitude
    29.82376

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    FAQs

    What type of property is this?
    Farm - 15-acre property with pond, mobile home, and ag exemption.
    Where is this farm located?
    The property is located at 1040 Elm Crest Dr New Ulm, TX.
    What is the asking price?
    The asking price for this property is $625,000.
    What are key features of this property?
    This property features: - Approximately 15 acres of land with mature trees, open pastures, and a **stocked pond.**; - Ag exemption in place, reducing property taxes.; - Well-maintained 3/2 mobile home with a **new roof and elevated back sundeck.**
    (979) 270-0578
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    1040 Elm Crest Dr New Ulm, TX 78950
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1040 Elm Crest Dr New Ulm, TX 78950
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