125 Spence LN, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $257,857. For a well positioned listing in 78621, I'd target the $247,000 to $358,000 range. At this price, the property would be no active comparable homes on the market comparable homes currently on the market in 78621. At 176 sqft smaller than the typical comp, the size difference factors into the valuation. The 1980 construction puts this home 18 years older than the comp average, a factor in the pricing. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 242 La Selva DR, Elgin TX 78621, with an adjusted value of $226,510; a strong comparable. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group