2668 Fm 1704, Elgin TX 78621

The market data from 7 similar recent sales in WELLS, MARTIN points to a value of approximately $604,157. To sell within a reasonable timeframe at fair market value, the $610,000 to $881,000 range is where I'd position this. Among the similar homes currently available in WELLS, MARTIN, this price point stands out as competitive. The 1,846 sqft size difference versus comparable sales is reflected in the adjusted values. The 1985 construction puts this home 9 years older than the comp average, a factor in the pricing. Current inventory shows 2 comparable homes in WELLS, MARTIN; a buyer's market based on recent absorption. In 78621, home values have fallen approximately 1.2% over the past 6 months. One of the strongest data points is 2646 Fm 1704, Elgin TX 78621, adjusting to $881,020; with a smaller floor plan and a pool. 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