284 The Oaks BLVD, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $506,749. Based on how the local market is moving, a list price between $635,000 and $695,000 would position this home well. This home's position in the current OAKS market: the 2nd least expensive of 4 comparable homes on the market among comparable properties. The larger floor plan (123 sqft compared to the average comp) is a meaningful differentiator in this price range. The smaller lot (5.02 acres versus the area average of 6.84) contributes to the valuation. Buyers in OAKS have 4 comparable options right now, with asking prices between $499,900 and $899,000. The 6 month price trend in OAKS: fallen 79.1%. The best comp here is 2874 Fm 1704, Elgin TX 78621 at an adjusted value of $491,399, a strong comparable. With 7 comparable sales in OAKS, 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