2134 Fm 1704, Elgin TX 78621

The estimated value of this property is $319,158, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $343,000 and $363,000. Against 4 similar active listings in WEST, C, this price point lands at the most affordable of 4 comparable homes on the market. Built in 2012, this home is 12 years older than the average comp, which is reflected in the adjustments. The 44.45 acre lot (larger than the 0.25 acre average) is reflected in the estimate. With 4 similar homes currently listed in WEST, C (a buyer's market), competition is a factor to consider. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 155 Arosa DR, Elgin TX 78621, with an adjusted value of $314,594; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group