107 Lazy BR, Elgin TX 78621

The market data from 7 similar recent sales in CEDAR HILLS points to a value of approximately $375,778. To sell within a reasonable timeframe at fair market value, the $365,000 to $387,000 range is where I'd position this. Against 6 similar active listings in CEDAR HILLS, this price point lands at the most affordable of 6 comparable homes on the market. The 1975 construction puts this home 45 years older than the comp average, a factor in the pricing. At 1.04 acres, the lot is larger than the 0.81 acre comp average, which factors into pricing. The active market in CEDAR HILLS includes 6 comparable homes priced from $339,900 to $725,000. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 224 Crooked Hollow DR, Elgin TX 78621, adjusting to $504,420; 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