1320 County Road 491, Elgin TX 78621

My analysis of 7 comparable properties puts this home's estimated value at $367,256. Based on how the local market is moving, a list price between $314,000 and $324,000 would position this home well. Relative to what's currently available in 78621, this home would be the 2nd most expensive of 5 comparable homes on the market. The 728 sqft size difference versus comparable sales is reflected in the adjusted values. At 20 years older than typical comps, the 1996 build date influences the valuation. Current inventory shows 5 comparable homes in 78621; a buyer's market based on recent absorption. The 6 month price trend in 78621: fallen 8.7%. The best comp here is 215 County Road 489, Elgin TX 78621 at an adjusted value of $394,630, with a larger floor plan. With 7 comparable sales in 78621, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group