1094 Red Town RD, Elgin TX 78621

After reviewing 7 recent transactions in 78621, I estimate this property's value at $352,427. A competitive list price for this home right now would fall in the $190,000 to $200,000 range. Relative to what's currently available in 78621, this home would be the most expensive of 4 comparable homes on the market. At 668 sqft larger than the typical comp, the size difference factors into the valuation. At 27 years newer than typical comps, the 2001 build date influences the valuation. The active market in 78621 includes 4 comparable homes priced from $201,000 to $799,000. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 194 Elgin Woods LN, Elgin TX 78621 carries an adjusted comparable value of $571,085, providing a strong data point. The comp data here (7 sales in 78621) gives us a clear read on this home's value. Important to note: this valuation is based on comparable sales data, not a physical inspection of the property. Curious about your home's value? Get a free estimate here. Ed Neuhaus