2604 FM 1704, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $427,835. I'd recommend coming to market at $451,000 to $525,000 to strike the right balance between value and market velocity. Against 2 similar active listings in 78621, this price point lands at the most affordable of 2 comparable homes on the market. The larger floor plan (143 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1983, this home is 12 years older than the average comp, which is reflected in the adjustments. Current inventory shows 2 comparable homes in 78621; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 175 Settlers TRL, Elgin TX 78621 nearby adjusts to $406,020; with a smaller floor plan. 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