123 Meadowood DR, Elgin TX 78621

7 recent sales in the surrounding area of this address suggest a current value of $446,484. My recommended list price range for this property would be $509,000 to $642,000. Against 3 similar active listings in 78621, this price point lands at the most affordable of 3 comparable homes on the market. At 480 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2009, this home is 7 years newer than the average comp, which is reflected in the adjustments. Current inventory shows 3 comparable homes in 78621; a buyer's market based on recent absorption. In 78621, home values have fallen approximately 8.3% over the past 6 months. One of the strongest data points is 2874 Fm 1704, Elgin TX 78621, adjusting to $509,052; a strong comparable. 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