1010 County Road 490, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $1,172,500. For a well positioned listing in AM40SDXI - MH EAST, I'd target the $1,149,000 to $1,196,000 range. In the current AM40SDXI - MH EAST market with 2 similar homes available, this price represents the most expensive of 2 comparable homes on the market. At 1,010 sqft smaller than the typical comp, the size difference factors into the valuation. The 2011 construction puts this home 23 years newer than the comp average, a factor in the pricing. Current inventory shows 2 comparable homes in AM40SDXI - MH EAST; a buyer's market based on recent absorption. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 4451 County Road 467, Elgin TX 78621, with an adjusted value of $816,666; with a larger floor plan. 1 comparable transactions in AM40SDXI - MH EAST support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group