12500 Ballerstedt RD, Elgin TX 78621

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $365,276. To generate strong buyer interest while maximizing value, I'd price this between $249,000 and $259,000. At this price, the property would be the most expensive of 7 comparable homes on the market comparable homes currently on the market in 78621. The 1997 construction puts this home 10 years older than the comp average, a factor in the pricing. At 12.16 acres, the lot is larger than the 0.21 acre comp average, which factors into pricing. Buyers in 78621 have 7 comparable options right now, with asking prices between $242,500 and $310,990. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 12912 Briarcreek LOOP, Manor TX 78653 nearby adjusts to $336,120; with a smaller floor plan. The 7 comps used here provide a solid foundation for this valuation. Keep in mind, I have not personally inspected this property. The numbers are data driven, not firsthand. Questions about this property or this area? Reach out anytime. Ed Neuhaus, Neuhaus Realty Group