109 Brownwood ST, Elgin TX 78621

The market data from 7 similar recent sales in CEDAR HILLS points to a value of approximately $458,251. To sell within a reasonable timeframe at fair market value, the $570,000 to $576,000 range is where I'd position this. 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 CEDAR HILLS. Being 825 sqft larger than the average comparable sale in this area impacts the per square foot value. The 1986 construction puts this home 12 years older than the comp average, a factor in the pricing. With 7 similar homes currently listed in CEDAR HILLS (a buyer's market), competition is a factor to consider. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 115 Pine Cone LN, Elgin TX 78621, adjusting to $451,047; with a smaller floor plan. 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