115 Burnett Forest RD, Elgin TX 78621

The estimated value of this property is $273,158, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $187,000 and $197,000. Against 5 similar active listings in 78621, this price point lands at the 2nd least expensive of 5 comparable homes on the market. At 555 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2003, this home is 42 years newer than the average comp, which is reflected in the adjustments. Right now, 5 similar properties are competing for buyers in 78621, listed between $201,000 and $799,000. Recent trends in 78621 show home values have fallen 8.3% since 6 months ago. The most comparable recent sale is 206 M L K DR # B, Elgin TX 78621, with an adjusted value of $161,409; with a larger floor plan. With 7 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group