105 Lake Placid RUN, Elgin TX 78621

The estimated value of this property is $257,020, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $276,000 and $277,000. At this price, the property would be the 2nd least expensive of 7 comparable homes on the market comparable homes currently on the market in SARATOGA FARMS. Built in 2019, this home is 5 years older than the average comp, which is reflected in the adjustments. The 0.15 acre lot (larger than the 0.12 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in SARATOGA FARMS; a buyer's market based on recent absorption. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 116 Saranac DR, Elgin TX 78621, with an adjusted value of $276,775; a strong comparable. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group