12525 Ballerstedt RD, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $415,102. I'd recommend coming to market at $252,000 to $262,000 to strike the right balance between value and market velocity. At this price, the property would be the most expensive of 4 comparable homes on the market comparable homes currently on the market in 78621. At 591 sqft larger than the typical comp, the size difference factors into the valuation. Built in 2011, this home is 5 years older than the average comp, which is reflected in the adjustments. Current inventory shows 4 comparable homes in 78621; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 9.5% in the past 6 months. 13801 Scarlett Song DR, Elgin TX 78621 nearby adjusts to $449,129; 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