247 Spence LN, Elgin TX 78621

Off Market

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Ed's Opinion of Value

$230,000 Ed's Estimate: $348,896 $493,452

Lowest Comp Recommended List: $239,000 to $249,000 Highest Comp

My analysis of 7 comparable properties puts this home's estimated value at $348,896. Based on how the local market is moving, a list price between $239,000 and $249,000 would position this home well. This pricing would rank the home as the most expensive of 4 comparable homes on the market in RAINS, JAMES's current inventory. At 6 years older than typical comps, the 1990 build date influences the valuation. The larger lot (8.00 acres versus the area average of 2.88) contributes to the valuation. With 7 comparable sales in RAINS, JAMES, 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

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

$398,324 adjusted 182 Wayside CT, Elgin TX 78621 3bd / 2.0ba • 1,456 sqft • 2.1 mi Sold 15 days ago

$323,440 adjusted 151 Ella LN, Elgin TX 78621 3bd / 2.0ba • 1,456 sqft • 3.2 mi Sold 12 months ago

$493,452 adjusted 194 Elgin Woods LN, Elgin TX 78621 3bd / 2.0ba • 1,810 sqft • 1.1 mi Sold 7 months ago

$389,116 adjusted 115 Pine Cone LN, Elgin TX 78621 3bd / 2.0ba • 1,920 sqft • 2 mi Sold 6 months ago

$301,494 adjusted 101 Plum DR, Elgin TX 78621 3bd / 2.0ba • 1,424 sqft • 3.6 mi Sold 11 months ago

Currently on Market

$369,000 124 Coyote LN, Elgin TX 78621 3bd / 2.0ba • 1,512 sqft • 0.3 mi 8 days on market

$330,000 176 Lacy DR, Elgin TX 78621 3bd / 2.0ba • 1,632 sqft • 2.1 mi 182 days on market

$230,000 1029 Old Mcdade RD # C, Elgin TX 78621 3bd / 2.0ba • 1,369 sqft • 2.8 mi 64 days on market

3 Beds

2 Baths 2 Full

1,448 Sq Ft

7.997 Acres

1990 Built

About This Property

BACK ON THE MARKET AT APPRAISED VALUE. This is it! 7.997 acres and cute home. Gorgeous pine and oak trees decorate this land and surround a pond. The perfect location, just a few miles outside of Elgin for country living yet an easy drive to Austin on 290. This property has a water well (condition unknown) and Aqua Water Supply also. It is cross-fenced, and has connection for RV. The home is in good condition and has a great floor plan. Storage shed, play-house, and large patio. Beautiful!

Features

Vaulted Ceiling(s)
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, Linoleum

Cooling Central Air

Heating Central, Electric

Exterior Exterior Steps, RV Hookup

County Bastrop

MLS # 8918833

Listing History

MLS# 8918833 25 days

Oct 1, 2019	Off Market
Sep 17, 2019	Price Change	$240,000
Jul 18, 2019	Listed	$238,900

Frequently Asked Questions About 247 Spence LN, Elgin TX 78621

When was 247 Spence LN, Elgin TX 78621 built?

247 Spence LN, Elgin TX 78621 was built in 1990.

How much does 247 Spence LN, Elgin TX 78621 cost?

247 Spence LN, Elgin TX 78621 is currently off market.

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Aug 12, 2014	Off Market
Jun 24, 2014	Listed		$199,000