106 Terra DR, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $383,792. Based on how the local market is moving, a list price between $302,000 and $312,000 would position this home well. This would position the home competitively among 7 active listings in 78621. At 7 years newer than typical comps, the 2003 build date influences the valuation. The smaller lot (0.24 acres versus the area average of 2.65) contributes to the valuation. Right now, 7 similar properties are competing for buyers in 78621, listed between $265,000 and $799,000. The 6 month price trend in 78621: fallen 8.3%. The best comp here is 194 Elgin Woods LN, Elgin TX 78621 at an adjusted value of $530,336, a strong comparable. With 7 comparable sales in 78621, 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