113 Terra DR, Elgin TX 78621

The market data from 7 similar recent sales in TERRA points to a value of approximately $252,599. To sell within a reasonable timeframe at fair market value, the $263,000 to $271,000 range is where I'd position this. With 7 comparable homes on the market in TERRA, this price positions the property as the 3rd most expensive of 7 comparable homes on the market. The 1985 construction puts this home 21 years older than the comp average, a factor in the pricing. At 0.23 acres, the lot is larger than the 0.12 acre comp average, which factors into pricing. The active market in TERRA includes 7 comparable homes priced from $236,905 to $295,000. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 110 Lexington RD, Elgin TX 78621, adjusting to $351,750; a strong comparable. 7 comparable transactions in TERRA support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group