270 The Oaks, Elgin TX 78621

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $650,063. To generate strong buyer interest while maximizing value, I'd price this between $735,000 and $814,000. In the current OAKS market with 3 similar homes available, this price represents the most affordable of 3 comparable homes on the market. At 464 sqft larger than the typical comp, the size difference factors into the valuation. At 5.01 acres, the lot is smaller than the 6.84 acre comp average, which factors into pricing. 3 similar homes are currently available in OAKS, creating a buyer's market for this price range. The trend in OAKS shows prices have fallen 79.1% in the past 6 months. 301 The Oaks BLVD, Elgin TX 78621 nearby adjusts to $708,810; with a larger floor plan. 7 comparable transactions in OAKS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group