1525 FM 1704, Elgin TX 78621

Based on 7 closed sales in RICHARD YOUNG, the data points to a value around $626,309 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $421,000 to $431,000. This pricing would rank the home as the most expensive of 6 comparable homes on the market in RICHARD YOUNG's current inventory. Being 436 sqft larger than the average comparable sale in this area impacts the per square foot value. Lot size matters here: 76.13 acres versus 1.70 for the typical comp. 6 similar homes are currently available in RICHARD YOUNG, creating a buyer's market for this price range. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 128 Pin Oak XING, Elgin TX 78621 at an adjusted $591,420, is with a smaller floor plan. The strength of this estimate comes from 7 directly comparable sales in RICHARD YOUNG. 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