106 Lazy BR, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $445,908. To sell within a reasonable timeframe at fair market value, the $365,000 to $375,000 range is where I'd position this. At this price, the property would be the 3rd least expensive of 6 comparable homes on the market comparable homes currently on the market in 78621. The 1984 construction puts this home 12 years older than the comp average, a factor in the pricing. At 1.53 acres, the lot is smaller than the 1.60 acre comp average, which factors into pricing. The active market in 78621 includes 6 comparable homes priced from $345,000 to $574,900. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 128 Pin Oak XING, Elgin TX 78621, adjusting to $445,306; with a larger floor plan. 7 comparable transactions in 78621 support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group