292 Spence LN, Elgin TX 78621

After adjusting 7 comparable sales for differences in size, age, and features, this home's estimated value is $268,546. Pricing this home between $260,000 and $277,000 would put it in the competitive sweet spot for RAINS, JAMES. This would position the home competitively among 1 active listings in RAINS, JAMES. At 63 years older than typical comps, the 1930 build date influences the valuation. The larger lot (11.41 acres versus the area average of 1.75) contributes to the valuation. There are currently 1 similar homes on the market in RAINS, JAMES, ranging from $277,900 to $277,900. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, TBD FM 3000 Tract 3, Elgin TX 78621 at an adjusted $436,523, is a strong comparable. The comp data here (7 sales in RAINS, JAMES) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus