1212 Red Town RD, Elgin TX 78621

The market data from 7 similar recent sales in 78621 points to a value of approximately $303,942. To sell within a reasonable timeframe at fair market value, the $259,000 to $269,000 range is where I'd position this. Among the similar homes currently available in 78621, this price point stands out as competitive. The 2003 construction puts this home 10 years newer than the comp average, a factor in the pricing. At 10.00 acres, the lot is larger than the 0.23 acre comp average, which factors into pricing. 6 similar homes are currently available in 78621, creating a buyer's market for this price range. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 107 Jefferson CV, Elgin TX 78621, adjusting to $278,049; with a smaller floor plan. 7 comparable transactions in 78621 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