1222 Lake Terrace DR, Elgin TX 78621

Off Market

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Ed's Opinion of Value

$257,989 Ed's Estimate: $290,731 $476,934

Lowest Comp Recommended List: $337,000 to $340,000 Highest Comp

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $290,731. I'd recommend coming to market at $337,000 to $340,000 to strike the right balance between value and market velocity. With 7 comparable homes on the market in SUNSET HEIGHTS, this price positions the property as the most affordable of 7 comparable homes on the market. The pool is a standout feature, with 6 of 7 comparable homes not offering one. Built in 1962, this home is 5 years older than the average comp, which is reflected in the adjustments. 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

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

$336,721 adjusted 118 Anderson DR, Elgin TX 78621 2bd / 2.0ba • 1,557 sqft • 0.1 mi Sold 4 months ago

$476,934 adjusted 108 N Avenue B, Elgin TX 78621 2bd / 2.0ba • 1,584 sqft • 0.6 mi Sold 7 months ago

$348,404 adjusted 1241 Lake Terrace DR, Elgin TX 78621 4bd / 3.0ba • 1,980 sqft • 0.1 mi Sold 9 months ago

$275,875 adjusted 911 N Avenue C ST, Elgin TX 78621 3bd / 2.0ba • 1,638 sqft • 0.3 mi Sold 9 months ago

$257,989 adjusted 826 Savannah CV, Elgin TX 78621 2bd / 2.0ba • 1,394 sqft • 1.1 mi Sold 1 months ago

Currently on Market

$305,000 612 Cardinal ST, Elgin TX 78621 4bd / 2.0ba • 1,452 sqft • 0.1 mi 54 days on market

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

$379,905 262 Highway 290 E, Elgin TX 78621 3bd / 2.0ba • 1,536 sqft • 1.8 mi 172 days on market

2 Beds

2 Baths 2 Full

1,656 Sq Ft

0.401 Acres

1962 Built

About This Property

Classic 1962 home in a terrific neighborhood. Third bedroom was converted to a den but could certainly be used as a 3rd bedroom. No carpet, wood and Terrazzo floors throughout. Lots of cabinets in kitchen, fireplace in living room. Good natural light. Master bedroom and kitchen open to an inground pool. Small bathroom in pool house. Lot is oversized and goes back behind the iron fence. LOCATION is great

Property Highlights

Pool In Ground

Features

Breakfast Bar
Electric Dryer Hookup
Entrance Foyer
In-Law Floorplan
Kitchen Island
Primary Bedroom on Main
Walk-In Closet(s)
Washer Hookup

Location

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Schools

School District Elgin ISD

Elementary Elgin

Middle School Elgin

High School Elgin

Property Details

Property Type Residential Lease

Flooring No Carpet, Terrazzo, Wood

Cooling Central Air

Heating Central

Exterior No Exterior Steps, Private Yard

County Bastrop

MLS # 6229310

Listing History

MLS# 6229310 24 days

Sep 19, 2022	Off Market
Aug 26, 2022	Listed		$2,000

Frequently Asked Questions About 1222 Lake Terrace DR, Elgin TX 78621

When was 1222 Lake Terrace DR, Elgin TX 78621 built?

1222 Lake Terrace DR, Elgin TX 78621 was built in 1962.

How much does 1222 Lake Terrace DR, Elgin TX 78621 cost?

1222 Lake Terrace DR, Elgin TX 78621 is currently off market.

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Apr 21, 2021	Off Market
Mar 4, 2021	Listed		$240,000