205 Spence LN, Elgin TX 78621

Off Market

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Ed's Opinion of Value

$230,000 Ed's Estimate: $344,453 $462,207

Lowest Comp Recommended List: $210,000 to $220,000 Highest Comp

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $344,453. To generate strong buyer interest while maximizing value, I'd price this between $210,000 and $220,000. Among the similar homes currently available in RAINS, JAMES, this price point stands out as competitive. At 287 sqft larger than the typical comp, the size difference factors into the valuation. The 1970 construction puts this home 21 years older than the comp average, a factor in the pricing. Current inventory shows 6 comparable homes in RAINS, JAMES; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 194 Elgin Woods LN, Elgin TX 78621 nearby adjusts to $462,207; 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

78621 Market Trends

$285,086 Median Sold Price ▼ 8.3% 6mo

$167/sqft Median $/SqFt ▼ 5.9% 6mo

100 days Avg Days on Market 16 days slower

299 homes Active Inventory 7.2 mo supply

98.1% Sale-to-List Ratio

250 Sales (6 months)

Recently Sold Comparables

$462,207 adjusted 194 Elgin Woods LN, Elgin TX 78621 3bd / 2.0ba • 1,810 sqft • 0.9 mi Sold 7 months ago

$389,630 adjusted 115 Pine Cone LN, Elgin TX 78621 3bd / 2.0ba • 1,920 sqft • 2 mi Sold 6 months ago

$346,667 adjusted 182 Wayside CT, Elgin TX 78621 3bd / 2.0ba • 1,456 sqft • 2 mi Sold 15 days ago

$313,997 adjusted 101 Plum DR, Elgin TX 78621 3bd / 2.0ba • 1,424 sqft • 3.3 mi Sold 11 months ago

$274,308 adjusted 142 Hidden Oaks LOOP, Elgin TX 78621 3bd / 2.0ba • 1,560 sqft • 4.4 mi Sold 17 days ago

Currently on Market

$399,500 146 Buena Fortuna RD, Elgin TX 78621 3bd / 2.0ba • 1,750 sqft • 0.9 mi 228 days on market

$330,000 176 Lacy DR, Elgin TX 78621 3bd / 2.0ba • 1,632 sqft • 1.9 mi 182 days on market

$230,000 145 Sandy LN, Elgin TX 78621 4bd / 2.0ba • 1,984 sqft • 1.7 mi 151 days on market

3 Beds

2 Baths 2 Full

1,782 Sq Ft

1.869 Acres

1970 Built

About This Property

Country living at it's finest. The house sits back from the road and give the feeling of being in the country, but you are only minutes from town. The property is 1.869 acres and includes two outbuildings. The house is adorable. Enter into a large family room with enough space for an office or library. There is a large dining room for family gatherings or it could be used as flex space, as needed. The kitchen has lots of counter and cabinet space and the refrigerator, washer and dryer convey with the house. You can move right in! There are two secondary bedrooms, both have walk-in closets and share a bathroom. The primary bedroom is large and includes a primary bath with dual vanities, a separate shower, an amazing soaking tub, and a large walk-in closet. The roof was replaced in 2017.
If you enjoy sitting on the front porch and watching the deer and the birds, this is the house for you.

Features

Breakfast Bar
Ceiling Fan(s)
Electric Dryer Hookup
No Interior Steps
Primary Bedroom on Main
Walk-In Closet(s)

Location

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Schools

School District Elgin ISD

Elementary Booker T Washington

Middle School Elgin

High School Elgin

Property Details

Property Type Residential

Flooring Carpet, Laminate, Tile

Cooling Central Air

Heating Central, Electric

Exterior None

County Bastrop

MLS # 1748314

Tax Information

Annual Taxes $6,906 (2022)

Listing History

MLS# 1748314 6 days (3 CDOM)

Nov 10, 2022	Off Market
Oct 7, 2022	Listed		$349,900

Frequently Asked Questions About 205 Spence LN, Elgin TX 78621

When was 205 Spence LN, Elgin TX 78621 built?

205 Spence LN, Elgin TX 78621 was built in 1970.

How much does 205 Spence LN, Elgin TX 78621 cost?

205 Spence LN, Elgin TX 78621 sold on November 10, 2022. Contact us for sale price details.

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