1220 Lake Terrace DR, Elgin TX 78621

Off Market

Great home in Established neighborhood, under a canopy of trees.

Additional photos available to registered users

Ed's Opinion of Value

$249,944 Ed's Estimate: $317,134 $349,620

Lowest Comp Recommended List: $335,000 to $341,000 Highest Comp

Based on 3 closed sales in SUNSET HEIGHTS, the data points to a value around $317,134 for this home. Given current inventory and recent sales, the sweet spot for listing this home is $335,000 to $341,000. Relative to what's currently available in SUNSET HEIGHTS, this home would be the 4th most expensive of 7 comparable homes on the market. At 116 sqft smaller than the typical comp, the size difference factors into the valuation. The active market in SUNSET HEIGHTS includes 7 comparable homes priced from $299,999 to $430,000. Market data shows 78621 prices fallen 8.3% over the last half year. The closest comparable sale, 1241 Lake Terrace DR, Elgin TX 78621 at an adjusted $349,620, is with a larger floor plan and a pool. The strength of this estimate comes from 3 directly comparable sales in SUNSET HEIGHTS. This is strictly a numbers based opinion. Condition, upgrades, and layout can shift value in ways data cannot capture. Have questions? I'm always available. Ed Neuhaus, Neuhaus Realty Group

78621 Market Trends

$285,171 Median Sold Price ▼ 8.3% 6mo

$167/sqft Median $/SqFt ▼ 5.9% 6mo

101 days Avg Days on Market 17 days slower

299 homes Active Inventory 7.2 mo supply

98.2% Sale-to-List Ratio

249 Sales (6 months)

Recently Sold Comparables

$349,620 adjusted 1241 Lake Terrace DR, Elgin TX 78621 4bd / 3.0ba • 1,980 sqft • 0.1 mi Sold 9 months ago

$334,641 adjusted 118 Anderson DR, Elgin TX 78621 2bd / 2.0ba • 1,557 sqft • 0.1 mi Sold 4 months ago

$249,944 adjusted 120 Hilltop DR, Elgin TX 78621 4bd / 2.0ba • 2,209 sqft • 0.1 mi Sold 6 months ago

Currently on Market

$299,999 105 West Point WAY, Elgin TX 78621 3bd / 2.0ba • 1,853 sqft • 1 mi 7 days on market

$334,530 154 Tolo DR, Elgin TX 78621 3bd / 2.0ba • 1,840 sqft • 0.9 mi 63 days on market

$325,000 318 S Avenue C, Elgin TX 78621 4bd / 2.0ba • 1,550 sqft • 1 mi 59 days on market

3 Beds

2 Baths 2 Full

1,799 Sq Ft

0.34 Acres

1965 Built

About This Property

3 bedroom 2 bath home that sits on big lot nestled under trees, located in much desired older neighborhood. Enjoy the beautiful deck, overlooking fenced in yard, with large garden. Home has hard wood floors, lots of natural light, fireplace, formal dining, large living room and granite kitchen counter tops, plus large utility room. Looking for a little privacy but close to schools and shopping, this is the place! Includes tax id R95661 50x50 foot lot not noted in lot size.FEMA - Unknown Restrictions: Yes

Features

Multiple Living Areas
Primary Bedroom on Main

Location

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Schools

School District Elgin ISD

Elementary Elgin

Middle School Elgin

High School Elgin

Property Details

Property Type Residential

Flooring Carpet, Tile, Wood

Cooling Central Air

Heating Central

Exterior Private Yard

County Bastrop

MLS # 2343627

Listing History

MLS# 2343627 7 days

Sep 8, 2015	Off Market
Jul 30, 2015	Pending
Jul 23, 2015	Listed	$168,900

Frequently Asked Questions About 1220 Lake Terrace DR, Elgin TX 78621

When was 1220 Lake Terrace DR, Elgin TX 78621 built?

1220 Lake Terrace DR, Elgin TX 78621 was built in 1965.

How much does 1220 Lake Terrace DR, Elgin TX 78621 cost?

1220 Lake Terrace DR, Elgin TX 78621 sold on September 8, 2015. Contact us for sale price details.

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