1063 Private Road 7023, Elgin TX 78621

The estimated value of this property is $449,126, based on 5 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $557,000 and $598,000. With 2 comparable homes on the market in 78621, this price positions the property as the most affordable of 2 comparable homes on the market. The larger floor plan (434 sqft compared to the average comp) is a meaningful differentiator in this price range. The 1.50 acre lot (smaller than the 4.80 acre average) is reflected in the estimate. The active market in 78621 includes 2 comparable homes priced from $519,000 to $625,000. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is TBD FM 3000 Tract 9, Elgin TX 78621, with an adjusted value of $616,720; with a larger floor plan. With 5 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