Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $368,122. To generate strong buyer interest while maximizing value, I'd price this between $368,000 and $375,000. Against 7 similar active listings in 78621, this price point lands at the 2nd most expensive of 7 comparable homes on the market. The 1999 construction puts this home 14 years older than the comp average, a factor in the pricing. At 0.85 acres, the lot is smaller than the 1.00 acre comp average, which factors into pricing. Right now, 7 similar properties are competing for buyers in 78621, listed between $328,990 and $595,000. The trend in 78621 shows prices have fallen 10.2% in the past 6 months. 2110 FM 1704, Elgin TX 78621 nearby adjusts to $430,377; with a larger floor plan. 7 comparable transactions in 78621 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
