104 Wilderness TRL, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $283,943. To sell within a reasonable timeframe at fair market value, the $180,000 to $190,000 range is where I'd position this. With 5 comparable homes on the market in 78621, this price positions the property as the most expensive of 5 comparable homes on the market. This home's smaller footprint (256 sqft vs the comp average) plays a role in how the market prices it. The 2005 construction puts this home 27 years newer than the comp average, a factor in the pricing. Current inventory shows 5 comparable homes in 78621; a buyer's market based on recent absorption. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 204 E Brenham ST, Elgin TX 78621, adjusting to $259,894; 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