120 Cedar Hills DR, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $343,169. I'd recommend coming to market at $291,000 to $301,000 to strike the right balance between value and market velocity. Against 5 similar active listings in 78621, this price point lands at the 3rd most expensive of 5 comparable homes on the market. The 137 sqft size difference versus comparable sales is reflected in the adjusted values. Built in 1975, this home is 18 years older than the average comp, which is reflected in the adjustments. There are currently 5 similar homes on the market in 78621, ranging from $270,000 to $497,700. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 182 Wayside CT, Elgin TX 78621 nearby adjusts to $348,660; 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