1277 Fm 1704, Elgin TX 78621

Based on 7 closed sales in 78621, the data points to a value around $502,183 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $487,000 to $517,000. This home's position in the current 78621 market: below the only comparable home currently on the market among comparable properties. The larger floor plan (201 sqft compared to the average comp) is a meaningful differentiator in this price range. Being built in 2017 (15 years newer than comps) is factored into the value estimate. The active market in 78621 includes 1 comparable homes priced from $749,000 to $749,000. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 302 Arbors CIR, Elgin TX 78621 at an adjusted $636,999, is with a larger floor plan. The strength of this estimate comes from 7 directly comparable sales in 78621. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group