1342 Upper Elgin River 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 $393,549. I'd recommend coming to market at $425,000 to $482,000 to strike the right balance between value and market velocity. At this price, the property would be the most affordable of 2 comparable homes on the market comparable homes currently on the market in 78621. The smaller floor plan (148 sqft compared to the average comp) is a meaningful differentiator in this price range. Built in 1997, this home is 11 years older than the average comp, which is reflected in the adjustments. Current inventory shows 2 comparable homes in 78621; a buyer's market based on recent absorption. The trend in 78621 shows prices have fallen 8.3% in the past 6 months. 150 Uriah DR, Elgin TX 78621 nearby adjusts to $284,356; a strong comparable. Based on 7 relevant data points in 78621, 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