111 Lake Placid RUN, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $310,527. I'd recommend coming to market at $331,000 to $348,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in SARATOGA FARMS SUB SEC, this price positions the property as the most affordable of 7 comparable homes on the market. Built in 2018, this home is 7 years older than the average comp, which is reflected in the adjustments. The 0.15 acre lot (larger than the 0.12 acre average) is reflected in the estimate. Current inventory shows 7 comparable homes in SARATOGA FARMS SUB SEC; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 12324 Token TRL, Elgin TX 78621 nearby adjusts to $189,796; a strong comparable. Based on 7 relevant data points in SARATOGA FARMS SUB SEC, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX