127 Saranac DR, Elgin TX 78621

Looking at what buyers have actually paid for similar homes nearby, this property comes in at approximately $241,400. To generate strong buyer interest while maximizing value, I'd price this between $247,000 and $264,000. With 3 comparable homes on the market in SARATOGA FARMS SUB SEC, this price positions the property as the 2nd most expensive of 3 comparable homes on the market. At 103 sqft smaller than the typical comp, the size difference factors into the valuation. At 0.20 acres, the lot is larger than the 0.14 acre comp average, which factors into pricing. With 3 similar homes currently listed in SARATOGA FARMS SUB SEC (a buyer's market), competition is a factor to consider. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 116 Saranac DR, Elgin TX 78621 nearby adjusts to $263,775; with a larger floor plan. 4 comparable transactions in SARATOGA FARMS SUB SEC support the reliability of this estimate. As always, a data based estimate has its limits. Seeing the home in person is the best way to confirm value. Ed Neuhaus, Broker/Owner | Neuhaus Realty Group