1038 Red Town, Elgin, Texas

Description

RECENTLY REDUCED — Fixer-Upper Bargain on 1.7 Acres Near Elgin Built in 1977, 1038 Red Town Road is a 3,369 sq ft ranch-style home just outside Elgin, about 25 miles from Austin. The house is livable but ideally needs a full update and is priced accordingly, recently reduced from $450,000 to $415,000. With its rock exterior and vaulted living sunroom, the home has great character and tons of room. There’s a horse barn, a 3-car detached garage/barn, and a 2-car attached garage. For the right buyer—someone who sees potential beyond dated finishes—this is a rare opportunity. At under $65 per square foot (after land value), the home is priced with lots of room to spare. New construction in this area typically runs $180 per square foot. A similar ranch-style built the same year, fully remodeled, sold for $1.1 million (1123 Red Town Rd) across the street. At $415,000 with motivated sellers, this is a chance to remodel and create a dream home with built-in equity.

Directions: From 290 head North on Main St. You will go through the historical district of Elgin then will see Lexington Rd on the Right. Turn right. Continue on Lexington Road. It turns into Red Town Road after a few blocks. After 3-4 minutes you will pass a large estate on the right. Slow down. The property will be on the