129 Gemstone LN, Elgin TX 78621

Based on what similar homes have actually sold for in the surrounding area, I'd place this property's value at $376,254. I'd recommend coming to market at $446,000 to $485,000 to strike the right balance between value and market velocity. Among the similar homes currently available in BACKWOODS, this price point stands out as competitive. This home's larger footprint (165 sqft vs the comp average) plays a role in how the market prices it. Built in 1987, this home is 10 years older than the average comp, which is reflected in the adjustments. The active market in BACKWOODS includes 3 comparable homes priced from $499,900 to $899,000. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 2245 Fm 969, Elgin TX 78621 nearby adjusts to $417,282; a strong comparable. Based on 7 relevant data points in BACKWOODS, I'm comfortable with this estimate. Without stepping inside, I can only go by what the data shows. An in person look would tell the full story. Ed Neuhaus, Neuhaus Realty Group | Austin, TX