114 Wedgewood LN, Elgin TX 78621

The estimated value of this property is $434,212, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $373,000 and $383,000. With 6 comparable homes on the market in CEDAR HILLS, this price positions the property as the 3rd least expensive of 6 comparable homes on the market. At 130 sqft smaller than the typical comp, the size difference factors into the valuation. Built in 1979, this home is 18 years older than the average comp, which is reflected in the adjustments. With 6 similar homes currently listed in CEDAR HILLS (a buyer's market), competition is a factor to consider. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 115 Pine Cone LN, Elgin TX 78621, with an adjusted value of $433,313; with a smaller floor plan. Based on 7 relevant data points in CEDAR HILLS, 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