116 Cielo Lindo DR, Elgin TX 78621

The estimated value of this property is $352,450, based on 7 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $282,000 and $292,000. In the current MONTE VISTA market with 7 similar homes available, this price represents the 2nd most expensive of 7 comparable homes on the market. Being 113 sqft larger than the average comparable sale in this area impacts the per square foot value. The 0.51 acre lot (larger than the 0.24 acre average) is reflected in the estimate. Right now, 7 similar properties are competing for buyers in MONTE VISTA, listed between $275,000 and $465,000. Recent trends in 78621 show home values have fallen 10.2% since 6 months ago. The most comparable recent sale is 155 Arosa DR, Elgin TX 78621, with an adjusted value of $318,590; with a smaller 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