114 Gran Cielo, Elgin TX 78621

Reviewing the most recent comparable transactions, this home's market value falls around $519,453. For a well positioned listing in T601III-T601III, I'd target the $653,000 to $748,000 range. With 4 comparable homes on the market in T601III-T601III, this price positions the property as the 2nd least expensive of 4 comparable homes on the market. At 4.00 acres, the lot is larger than the 2.52 acre comp average, which factors into pricing. There are currently 4 similar homes on the market in T601III-T601III, ranging from $499,999 to $975,000. Recent trends in 78621 show home values have fallen 1.2% since 6 months ago. The most comparable recent sale is 2493 County Road 464, Elgin TX 78621, with an adjusted value of $421,425; with a larger floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group