2842 Fm 1704, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $569,950. For a well positioned listing in TOWERING OAKS ESTATES TWO, I'd target the $597,000 to $680,000 range. In the current TOWERING OAKS ESTATES TWO market with 2 similar homes available, this price represents the most affordable of 2 comparable homes on the market. This home's larger footprint (143 sqft vs the comp average) plays a role in how the market prices it. At 15.99 acres, the lot is larger than the 6.29 acre comp average, which factors into pricing. Buyers in TOWERING OAKS ESTATES TWO have 2 comparable options right now, with asking prices between $642,000 and $899,000. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 2874 Fm 1704, Elgin TX 78621, with an adjusted value of $562,510; a strong comparable. 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