320 THE OAKS BLVD, Elgin TX 78621

After reviewing 7 recent transactions in OAKS, I estimate this property's value at $477,711. A competitive list price for this home right now would fall in the $574,000 to $617,000 range. Relative to what's currently available in OAKS, this home would be the most affordable of 2 comparable homes on the market. At 157 sqft smaller than the typical comp, the size difference factors into the valuation. The smaller lot (5.01 acres versus the area average of 7.07) contributes to the valuation. Right now, 2 similar properties are competing for buyers in OAKS, listed between $642,000 and $840,000. Prices in OAKS have fallen 79.1% over the last 6 months. A similar home at 146 The Oaks BLVD, Elgin TX 78621 carries an adjusted comparable value of $677,744, providing a strong data point. 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