106 Point WAY W, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $227,238. For a well positioned listing in SARATOGA FARMS, I'd target the $220,000 to $234,000 range. At this price, the property would be the most affordable of 7 comparable homes on the market comparable homes currently on the market in SARATOGA FARMS. The smaller floor plan (114 sqft compared to the average comp) is a meaningful differentiator in this price range. The 2019 construction puts this home 5 years older than the comp average, a factor in the pricing. Current inventory shows 7 comparable homes in SARATOGA FARMS; 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 116 Saranac DR, Elgin TX 78621, with an adjusted value of $249,705; a strong comparable. 7 comparable transactions in SARATOGA FARMS 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