117 Terra DR, Elgin TX 78621

After reviewing 3 recent transactions in 78621, I estimate this property's value at $245,987. A competitive list price for this home right now would fall in the $250,000 to $258,000 range. Relative to what's currently available in 78621, this home would be the 2nd most expensive of 4 comparable homes on the market. The larger floor plan (113 sqft compared to the average comp) is a meaningful differentiator in this price range. The active market in 78621 includes 4 comparable homes priced from $230,000 to $265,828. Prices in 78621 have fallen 7.8% over the last 6 months. A similar home at 212 Valley Run TRL, Elgin TX 78621 carries an adjusted comparable value of $258,495, providing a strong data point. With 3 comparable sales in 78621, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group