1007 Old Sayers RD, Elgin TX 78621

After reviewing 7 recent transactions in STOVAL, GEO, I estimate this property's value at $603,419. A competitive list price for this home right now would fall in the $642,000 to $646,000 range. Relative to what's currently available in STOVAL, GEO, this home would be the 3rd least expensive of 6 comparable homes on the market. Being 860 sqft larger than the average comparable sale in this area impacts the per square foot value. The larger lot (83.98 acres versus the area average of 2.39) contributes to the valuation. There are currently 6 similar homes on the market in STOVAL, GEO, ranging from $529,000 to $3,900,000. Prices in 78621 have fallen 5% over the last 6 months. A similar home at 117 Arbor Point DR, Elgin TX 78621 carries an adjusted comparable value of $573,880, providing a strong data point. With 7 comparable sales in STOVAL, GEO, 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