283 Spence LN, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $385,981. Based on how the local market is moving, a list price between $253,000 and $263,000 would position this home well. This would position the home competitively among 6 active listings in RAINS, JAMES. The smaller floor plan (450 sqft compared to the average comp) is a meaningful differentiator in this price range. At 5 years older than typical comps, the 1995 build date influences the valuation. Buyers in RAINS, JAMES have 6 comparable options right now, with asking prices between $230,000 and $399,500. The 6 month price trend in 78621: fallen 8.3%. The best comp here is 182 Wayside CT, Elgin TX 78621 at an adjusted value of $356,305, with a smaller floor plan. 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