177 SPENCE LN, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $298,191. Based on how the local market is moving, a list price between $250,000 and $260,000 would position this home well. This home's position in the current 78621 market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. At 49 years older than typical comps, the 1930 build date influences the valuation. The larger lot (2.00 acres versus the area average of 0.34) contributes to the valuation. Buyers in 78621 have 4 comparable options right now, with asking prices between $260,000 and $389,000. The 6 month price trend in 78621: fallen 8.3%. The best comp here is 911 N Avenue C ST, Elgin TX 78621 at an adjusted value of $261,980, a strong comparable. With 7 comparable sales in 78621, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group