104 Terra DR, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $344,288. I'd recommend coming to market at $277,000 to $287,000 to strike the right balance between value and market velocity. Among the similar homes currently available in TERRA, this price point stands out as competitive. Built in 1997, this home is 18 years older than the average comp, which is reflected in the adjustments. The 0.24 acre lot (smaller than the 0.84 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in TERRA; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 264 Bendecido LOOP, Elgin TX 78621 nearby adjusts to $344,492; with a smaller floor plan. Based on 7 relevant data points in TERRA, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX