ActiveMLS #7240498
519 S Martin Luther King Jr BLVD, Elgin TX 78621
Elgin, TX 78621 · Smith, J S
Single Family Residence for sale in Smith, J S
$275,000
$230,000
3Bedrooms
1Bathrooms
864Square Ft
0.36Acres
0Garage
1962Year Built
Price Reduced
1 / 24$230,000$275,000
Overview
Property Description
Reduced 10K Adorable three bedroom home with new central heat and air to be installed prior to closing. This home features new kitchen cabinets countertops and new stainless free standing range. Original wood floors in the living area as well as hall and all three bedrooms. It sits on over a third of an acre so there is plenty of room to build a second home on the back of the lot as it has road frontage as well. New paint inside and out. The roof was replaced approx 5 years ago. The plumbing has been replaced as well as the electrical. Don't miss this home as it is move in ready. Small storage buildings in the large backyard. Easy access to Hwy 290 and close to the elementary school.
Financial Info
- Price
- $230,000
- $ / Sqft
- $266
- HOA
- None
- Tax Rate
- 2.3974%
- Est. Taxes
- $3,611
- Tax Year
- 2024
- Exemptions
- Homestead, Over 65
Legal Info
- Address
- 519 S Martin Luther King Jr BLVD
- County
- Bastrop
- City
- Elgin
- State
- TX
- Zip
- 78621
- Subdivision
- Smith, J S
- Legal Description
- SMITH, J. S., LOT 14, ACRES 0.363
- Parcel
- 12698
Interior Features
- Floor
- Laminate, Vinyl, Wood
- Num Living
- 1
- Dining
- 1
- Appliances
- Free-Standing Electric Range, Free-Standing Refrigerator
- Laundry
- Laundry Closet
- Master Main
- Yes
- Interior Features
- Ceiling Fan(s), Laminate Counters, Electric Dryer Hookup, None, Aluminum Frames
General Info
- Beds
- 3 Total / 3 Main Level
- Full / Half Baths
- 1 / 0
- Prop Type
- Residential
- Property Type
- Single Family Residence
- Stories
- 1
- Year Built
- 1962 / Resale
- Square Feet
- 864 / Public Records
- Garage Desc
- Driveway
- Foundation
- Pillar/Post/Pier
- Roof
- Composition
- Construction
- Asbestos, Frame, See Remarks
- Acres
- 0.36
- Lot Description
- Back Yard, City Lot, Curbs, Front Yard, Public Maintained Road, Trees-Moderate
- Restrictions
- City Restrictions
- Flood Plain
- No
- View
- Neighborhood
- Water Access
- No
- Waterfront
- No
- Area
- EL
Utility Info
- Water
- Public
- Sewer
- Public Sewer
- Utilities
- Above Ground, Electricity Connected, Water Connected
- Heat
- Central
- A C
- Central Air
Exterior Features
- Fence
- Partial
- Exterior Features
- Exterior Steps, Covered
- Pool On Property
- No
- Area Amenities
- Park
Rooms
Rooms3 rooms
Main level
- Primary Bathroom
Walk-in Shower
- Kitchen
Laminate Counters
- Primary Bedroom
None
Price history
Days on market
−$45,000 (−16.4%)
$275,000 → $230,000
4
Price reductions
Active
Since Mar 1, 2025
Price trend
List priceMar 2025 → May 2026
Property history5 events
| Date | Event | Price | Change |
|---|---|---|---|
| May 8, 2026 | Price Decrease | $230,000−$20,000 (−8%) | −$20,000 (−8%) |
| Jan 24, 2026 | Price Decrease | $250,000−$10,000 (−3.8%) | −$10,000 (−3.8%) |
| Jun 16, 2025 | Price Decrease | $260,000−$5,000 (−1.9%) | −$5,000 (−1.9%) |
| May 13, 2025 | Price Decrease | $265,000−$10,000 (−3.6%) | −$10,000 (−3.6%) |
| Mar 1, 2025 | New Listing | — |
Taxes
General Information
- Owner
- MADISON, ADDIE LEE
- Legal
- SMITH, J. S., LOT 14, ACRES 0.363
- Geo ID
- 12698
- Acreage
- 0.36
Exemptions
- Exemption Type
- None on record
Taxing Units
- T1
- BASTROP COUNTY
- T2
- ELGIN ISD
- T3
- CITY OF ELGIN
- T4
- BASTROP-TRAVIS COUNTIES EMERGENCY SERVICES DISTRICT NO. 1
- T5
- AUSTIN COMMUNITY COLLEGE
- T6
- BASTROP COUNTY EMERGENCY SVC DIST #3
- T7
- COUNTY ROAD FM
Tax Summary
- MLS estimated annual taxes
- $3,611
- MLS tax year
- 2024
- CAD estimated taxes
- $4,215.29
- CAD source year
- 2026
Appraisal Values
| Year | Land | Improvements | Market | Appraised | Assessed |
|---|---|---|---|---|---|
| 2026 | $126,340 | $37,374 | $163,714 | $163,714 | $163,714 |
Assessments
| Capped | Taxable | Assessed | Land HS | Imp HS | CAD Est. Tax | Taxing Unit |
|---|---|---|---|---|---|---|
| $163,714 | $163,714 | — | — | — | $573.80 | BASTROP COUNTY |
| $163,714 | $163,714 | — | — | — | $2,002.88 | ELGIN ISD |
| $163,714 | $163,714 | — | — | — | $1,013.87 | CITY OF ELGIN |
| $163,714 | $163,714 | — | — | — | $163.71 | BASTROP-TRAVIS COUNTIES EMERGENCY SERVICES DISTRICT NO. 1 |
| $163,714 | $163,714 | — | — | — | $169.28 | AUSTIN COMMUNITY COLLEGE |
| $163,714 | $163,714 | — | — | — | $163.71 | BASTROP COUNTY EMERGENCY SVC DIST #3 |
| $163,714 | $163,714 | — | — | — | $128.04 | COUNTY ROAD FM |
Source: Bastrop County
Schools
School Info
- District
- Elgin ISD
- Elementary
- Booker T Washington
- Middle
- Elgin
- High
- Elgin
Maps
Financing
Your preferences
- 20% down
- Conv/Jumbo
- 30 years
- 6.50% rate
Saved on this device
List price $230,000
Down paymentStays 20% if you change the price
Note rate, not APR
From this listing’s tax record
*Estimated only (1% of price / yr)
Estimated monthly payment
$1,656 / mo
20% down · 6.50% interest · 30-year fixed
Estimated monthly payment $1,656
- Principal & interest
- $1,163
- Property taxes
- $301
- Homeowners insurance
- $192
*PITI only
These figures are estimates for general information only — not a loan offer, a quote, or a guarantee of financing terms.
| Year | Starting balance | Principal paid | Interest paid | Ending balance | Principal vs interest |
|---|---|---|---|---|---|
| 1 | $184,000 | $2,057 | $11,899 | $181,943 | |
| 2 | $181,943 | $2,194 | $11,762 | $179,749 | |
| 3 | $179,749 | $2,341 | $11,615 | $177,408 | |
| 4 | $177,408 | $2,498 | $11,458 | $174,910 | |
| 5 | $174,910 | $2,665 | $11,291 | $172,244 | |
| 6 | $172,244 | $2,844 | $11,112 | $169,400 | |
| 7 | $169,400 | $3,034 | $10,922 | $166,366 | |
| 8 | $166,366 | $3,238 | $10,718 | $163,128 | |
| 9 | $163,128 | $3,454 | $10,502 | $159,674 | |
| 10 | $159,674 | $3,686 | $10,270 | $155,988 |
- Year 1$181,943
- Principal paid
- $2,057
- Interest paid
- $11,899
- Starting balance
- $184,000
- Year 2$179,749
- Principal paid
- $2,194
- Interest paid
- $11,762
- Starting balance
- $181,943
- Year 3$177,408
- Principal paid
- $2,341
- Interest paid
- $11,615
- Starting balance
- $179,749
- Year 4$174,910
- Principal paid
- $2,498
- Interest paid
- $11,458
- Starting balance
- $177,408
- Year 5$172,244
- Principal paid
- $2,665
- Interest paid
- $11,291
- Starting balance
- $174,910
- Year 6$169,400
- Principal paid
- $2,844
- Interest paid
- $11,112
- Starting balance
- $172,244
- Year 7$166,366
- Principal paid
- $3,034
- Interest paid
- $10,922
- Starting balance
- $169,400
- Year 8$163,128
- Principal paid
- $3,238
- Interest paid
- $10,718
- Starting balance
- $166,366
- Year 9$159,674
- Principal paid
- $3,454
- Interest paid
- $10,502
- Starting balance
- $163,128
- Year 10$155,988
- Principal paid
- $3,686
- Interest paid
- $10,270
- Starting balance
- $159,674
First 10 of 30 years
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Courtesy of Rainey Real Estate · (512) 925-5819
Listings courtesy of ACTRIS as distributed by MLS GRID.