1225 Lake Terrace DR, Elgin TX 78621

Based on what similar homes have actually sold for within a mile, I'd place this property's value at $330,653. I'd recommend coming to market at $257,000 to $267,000 to strike the right balance between value and market velocity. Among the similar homes currently available in SUNSET HEIGHTS, this price point stands out as competitive. Built in 1967, this home is 12 years older than the average comp, which is reflected in the adjustments. The 0.52 acre lot (larger than the 0.22 acre average) is reflected in the estimate. The active market in SUNSET HEIGHTS includes 7 comparable homes priced from $259,999 to $311,450. The trend in 78621 shows prices have fallen 6.2% in the past 6 months. 612 Cardinal ST, Elgin TX 78621 nearby adjusts to $318,410; 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