117 Possum LN, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $316,886. I'd recommend coming to market at $307,000 to $326,000 to strike the right balance between value and market velocity. In the current ENGLISH COUNTRY market with 1 similar homes available, this price represents below the only comparable home currently on the market. Built in 1999, this home is 7 years newer than the average comp, which is reflected in the adjustments. The 4.36 acre lot (larger than the 1.95 acre average) is reflected in the estimate. 1 similar homes are currently available in ENGLISH COUNTRY, creating a buyer's market for this price range. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. TBD FM 3000 Tract 3, Elgin TX 78621 nearby adjusts to $501,490; a strong comparable. 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