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    1119 Co Rd Elgin, TX 78621

    For Sale
    $990,000

    Prime agricultural land near Austin. Seller motivated!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 27.57-acre agricultural property in Elgin, Texas, presents a unique investment opportunity. Located at 1119 Co Rd 301, Elgin, TX 78621, this land boasts a large lot frontage on CR 301, cleared and flat in the front, transitioning to a flatter rear with partial trees and a small dry creek. Currently used for agricultural purposes, including cattle grazing, the property is perimeter fenced on three sides and features a gate. The land comprises two adjoining parcels (Lee County APN: 07082200000001AF, 9.321 acres and Williamson County parcel R539827, 18.246 acres), totaling 27.567 acres. Its location offers convenient access to the new Samsung plant in Taylor and is only 45 minutes from downtown Austin. The property is ag-exempt and presents numerous possibilities, including a potential small airplane runway, farmland, equestrian use, a Wagyu beef farm, or a gentleman's ranch. While currently used for cattle, the property's versatility allows for diverse development options. Restrictions are in place. The asking price is $990,000.

    Property Features for 1119 Co Rd

    General Information

    Property type
    Farms
    Lot Size
    1,200,949 SF

    HighLights

    • 27+ acre agricultural lot.
    • Over 27‑acre parcel.
    • Buildable lot in desirable Elgin, TX.
    • Potential for a small aircraft runway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Elgin
    County
    Lee
    State
    Texas
    Longitude
    -97.3229342
    Latitude
    30.4027712

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    FAQs

    What type of property is this?
    Farm - Prime agricultural land near Austin. Seller motivated!
    Where is this farm located?
    The property is located at 1119 Co Rd Elgin, TX.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: 27+ acre agricultural lot.; Over 27-acre parcel.; Buildable lot in desirable Elgin, TX.
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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
    1119 Co Rd Elgin, TX 78621
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