116 Lost Pine ST, Elgin TX 78621

The market data from 7 similar recent sales in CEDAR HILLS points to a value of approximately $375,735. To sell within a reasonable timeframe at fair market value, the $302,000 to $312,000 range is where I'd position this. 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. The 1986 construction puts this home 12 years older than the comp average, a factor in the pricing. At 0.99 acres, the lot is smaller than the 2.92 acre comp average, which factors into pricing. The active market in CEDAR HILLS includes 6 comparable homes priced from $270,000 to $497,700. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 115 Pine Cone LN, Elgin TX 78621, adjusting to $388,830; with a larger floor plan. 7 comparable transactions in CEDAR HILLS support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group