113 Dodd Preston, Elgin TX 78621

After reviewing 7 recent transactions in STANDIFER, JAMES, I estimate this property's value at $394,888. A competitive list price for this home right now would fall in the $383,000 to $407,000 range. This pricing would rank the home as below the only comparable home currently on the market in STANDIFER, JAMES's current inventory. At 11 years older than typical comps, the 1998 build date influences the valuation. The smaller lot (2.08 acres versus the area average of 4.23) contributes to the valuation. Current inventory shows 1 comparable homes in STANDIFER, JAMES; a buyer's market based on recent absorption. Prices in 78621 have fallen 8.3% over the last 6 months. A similar home at 371 Youngs Prairie RD, Elgin TX 78621 carries an adjusted comparable value of $479,926, providing a strong data point. With 7 comparable sales in STANDIFER, JAMES, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group