113 Norwood LN, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $279,479. I'd recommend coming to market at $287,000 to $293,000 to strike the right balance between value and market velocity. In the current NORWOOD LANE market with 7 similar homes available, this price represents the 3rd most expensive of 7 comparable homes on the market. Built in 2014, this home is 8 years older than the average comp, which is reflected in the adjustments. The 0.89 acre lot (larger than the 0.28 acre average) is reflected in the estimate. With 7 similar homes currently listed in NORWOOD LANE (a buyer's market), competition is a factor to consider. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 242 La Selva DR, Elgin TX 78621 nearby adjusts to $272,598; with a smaller floor plan. Based on 7 relevant data points in NORWOOD LANE, 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