1147 Lower Elgin RD, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $508,545. To sell within a reasonable timeframe at fair market value, the $493,000 to $524,000 range is where I'd position this. In the current 78621 market with 1 similar homes available, this price represents below the only comparable home currently on the market. At 1,507 sqft larger than the typical comp, the size difference factors into the valuation. The 1976 construction puts this home 14 years older than the comp average, a factor in the pricing. Right now, 1 similar properties are competing for buyers in 78621, listed between $714,900 and $714,900. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 301 The Oaks BLVD, Elgin TX 78621, adjusting to $679,924; with a smaller 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